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Hi,

Your dad would need to dispose off the overseas property first and then to wait for a period of 15 months to be eligible for the purchase of a HDB flat with you.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/mdm,

Are you a Singapore Citizen and also is your age above 35? If yes, you may consider getting a resale HDB under single scheme instead so you need not wait out the 15 months period in order to include your dad as the essential occupier assuming you are eligible to purchase under non-resident parents scheme.

On the question for the rental, if your dad is listed as an occupier while you are the owner, you will only be able to rent out to another 4 more person given the maximum number of occupants per property is 6 unless all are directly related family members.

Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi
To answer your question, your dad need to serve a wait-out period of 15 months before you are being able to purchase a HDB together with him assuming you are a Singapore citizen. However do note that your dad can only be named as an occupier with you as the sole owner. This means that your dad income will not be taken into account for loan assessment purposes and he will not be able to utilise his CPF OA (if any) towards funding for the purchase of the house and servicing mortgage. Your dad will also be required to physically occupy the house for 5 years (Being overseas due to job requirement will require HDB approval by right). Rental occupancy cap is 6 pax per house including any owner and occupier for a 4 room flat and you are right that you can take a maximum of 4 tenants if it is a 4 room flat. To avoid such complications, you may consider purchasing under singles scheme if you are 35 and above and may even enjoy singles grant if you are a first timer. I am specialised in HDB and a vast majority of my buyers managed to purchase a house without any COV despite the challenging market situation nowadays. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More