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I'm a SPR, currently me and my sister (SPR) own a HDB which was purchased under sibling scheme 5 years ago. My wife (SPR) intend to buy a condo with her own name (not share with me). Will i be forced to sell my HDB after she bought the condo under regulation?
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1 Answer

Mike Lim
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Afternoon Steve,

SPR are eligible to purchase private property under their name, without the need to include their spouse as co-owner nor as occupier. However, being SPR, she will be liable for 5% ABSD and she will have to obtain the necessary mortgage using her income.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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