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My mum and I had a HDB flat each. We want to buy BTO together and only have 1 house. My mum is ard 80 yrs old.
Should she be a applicant or a occupier when applying the HFE? Or what is the best way ?
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7 Answers

Hi Pauline,

We won't be able to say which is the best way, but should you require to utilise her CPF funds on the purchased BTO, then she will be required to be listed as a co-owner. You will also need to determine if she is able to use her CPF refund from the sale of the current property if applicable. If you intend to finance this place on your own, your mother can be considered as an essential occupier instead, and if you fulfill all other eligibility criteria.

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.

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Hi

I will be glad to assist
I am well versed in HDB and Private Property transaction and have done many transactions
Appreciate if you can contact me at (65) 9 6 6 0 8 5 0 8 with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More
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Hi Pauline,

Your mum can be either an owner or a occupier to the HDB. At her age, she is not able to get a loan and wont be able to utilise her CPF towards the purchase purchase and therefore it is not necessary for her to be an owner but being an owner gives her the legal rights to the property.

Please feel free to contact me so that I can understand your intentions and assist you further!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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Susana (Buyer) Read More
1
Hi Pauline,

1) Honestly, this depends on how you plan to finance the BTO.
2) If you need her contribution to finance the BTO, then she must be the co-owner. If you plan to finance yourself, then tell her to keep the sale proceeds for her daily usage.
3) As long as both of your names are submitted. There isn't much difference in terms of application on whether both of you are owners or 1 owner + 1 occupier.
4) Of course, there are more complications when she passes on if she is an owner. Especially when there is more than one beneficiary to inherit her property.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
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https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More
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Robbie Chen Chee Howe
Hi,

She can be either a co-applicant, or an occupier for your joint BTO application. There is no best way, as it depends on whether you need her funds for the BTO purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
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Hi, appreciate your sharing. You can become sole owner and mum comes under Essential occupant
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More
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Good day to you,

This would depend on what both your mum and you have in mind. If the intention is for your mum to free out her CPF OA locked within the unit, and utilize the sales profit as her retirement fund, then it should not matter much if your mum is added as occupier or co-owner. This is given that a filial child like you would permit her to stay till her death bed.
However, adding her as a co-owner will permit her to utilize her CPF OA, locked within the current unit, to lessen the mortgage of the upcoming BTO.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Seeking an estate salesperson with in-depth knowledge of sales and purchase of residential property in Singapore?
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