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I'm converting to SC and my wife is a SPR. I don't own a property in Malaysia but I'm a co-borrower to the mortgage loan (SPA don't have my name). My wife has a private property in Malaysia.
Q1: for myself, I'm not legally own a property in Malaysia, will this affect me if I purchase a resale hdb flat in sg?
Q2: for my wife, she is not keen to dispose the property. Can she transfer the title to her family and continue to be loan borrower to be eligible to purchase resale hdb flat?

Seek your kind advise.
Thank you very much
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3 Answers

Hi Issac,

You may text 9620 0827  for a casual chat. We have help numerous SC/SPR or SPR/SPR clients buying HDB flat.

Warmest regards

Gavin Read More
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Hi Issac,

1) I'm not familiar with Malaysia's banking system. Thus a bit confused about your descriptions.
2) In SG, only the owner of the property can be a mortgage borrower. The reason is simple, if the borrower is unable to pay the bank, the bank can takeover the interest of the property.

3) I take it as you declare that you are no ownership of any property in Malaysia. Therefore you are not affected when buying a resale HDB flat.
4) Like I said this does not work in SG, maybe is workable in Malaysia like your case. The HDB is only concern about your ownership of local and overseas property but not on the mortgage you are holding.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Robbie Chen Chee Howe
Hi Isaac,

If you and your Wife wish to purchase a resale HDB flat, your Wife will have to dispose off her interest in her Malaysian property latest within 6 months upon the flat purchase. A transfer of ownership to her family is also considered as a disposal of interest.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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