AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
My brother and I own a 4-room flat in Tampines which we bought when we were both single PRs. He is no longer a PR as he's lived abroad for a long time. I am now a Singaporean living in the U.S., and I will apply for the US citizenship eventually. My question is: is there any implication if we sell the flat when we are both foreigners, or is it better for me to sell it now that I am still a Singaporean? The flat has been fully-paid for. Thank you!
0 •
671 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Mike Lim
Replied
Morning Choong,

To apply for US citizenship, you would likely be required to give up Singapore citizenship. Since your brother is no longer SPR, it would be good that you sell your HDB unit now. This would also allow the CPF used for your current housing to be refunded to your CPF account. Upon giving up your citizenship, you can then apply to withdraw out your CPF monies.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
OHMYHOME PTE LTD
Replied
Join the HomerAI by Ohmyhome community and take control of your property journey! With powerful tools like home e-valuations, neighborhood insights, and DIY calculators, you'll have everything you need to make smart decisions and maximize your returns. And with our top-rated agents on your side, selling your home has never been easier or more affordable! Read More
0
Upvote Upvoted
Landon Chew
Replied
Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions