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Evening, Firstly, both of you need to have your ownership status on the HDB unit being removed. This can be done through transfer of ownership as none of you have had any financial contribution to the unit. Secondly, both of you can have your mortgage ability assessed by bank. This will allow both of you to work on your budget for the purchase. It will also decide whether he need to sell off the private property first prior purchase or he can opt to purchase the HDB and sell the private property within 6 months from key collection. Lastly, work out the necessary plan and execute it accordingly. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Hi, if both you and husband want to get HDB of your own, both of you will need to remove the ownership from the HDB which co-own with parents and also from the private condo. Removing of both names from HDB should not have a problem. On removing of his name fom the condo, and understand he is financing the unit, you will need to check with the mortage bank whether loan can be extended to his parents. Alternatively, you can also go for private condo. Best Regards, J.A.Goh, HP: 96390350  , Email: gohja@singnet.com.sg Read More