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My friend who is an Indian PR is planning for a divorce and he's holding a 4-room hdb flat with only 2 years out of 5 years MOP period spend in that flat.
What will happens after the divorce. Do he need to enclose this divorce information to hdb. Can he stay in the flat for the remaining 3 years of MOP and after that sell the house in open market.
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4 Answers

Gary Chang
Replied
Hi,
Is your Indian PR friend's wife also a PR?
If so, neither can transfer ownership to either one, and may need to sell in open market , depending on Court Order.
Since your friend is not PR, he cannot hold the HDB flat by his own. He must transfer to his ex-wife who must be a Citizen or sell in open market (again, depending on court order).

Do contact me if any other enquiries.
Gary Chang 81883186  Read More
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Mike Lim
Replied
Evening,

Single SPR are not eligible to own HDB unit. Hence upon final court order, your friend will likely have to surrender the unit back to HDB and pay the SSD to IRAS.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • MG
    Replied
    Thanks for your response. Since the property market is down i suppose the market value of the HDB unit will be lower than the time he purchased two years before. In this case my friend will be in total disadvantage as he have to pay 8% SSD in addition to the lower return on the unit sale. Also to take note is that he got 80% loan from the bank which can't be repaid if the HDB unit sale price is lower than the price he paid two yrs before. Does this mean he need to pay out of his pocket to the bank?
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Landon Chew
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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
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