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My father owns a hdb flat which he bought from the resale market 20 years ago. I am 35 and do not own any property. Can I buy the flat from him? If he chooses to transfer ownership to me, what is the MOP before I am able to sublet the whole flat out? Which approach is better for me?
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1 Answer

Mike Lim
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Afternoon,

You can either opt for standard resale purchase or transfer of ownership. Do note that upon transfer of ownership, you would indirectly inherit the benefit that your father enjoyed before, on the unit. For either options, the MOP is 5 years if you are looking at renting out the entire unit.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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