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Hi,

1) Yes, she is definitely eligible to purchase a resale HDB flat.
3) She won't be able to get any loan to finance the flat. The purchase has to be fully paid in cash.
3) Note that HDB flat depreciates as per reduction of the remaining lease, and the chances of receiving a SERS is small; 0.4% according to the former Minister of National Development.
4) Her thought is good but has to understand that there are restrictions on whether her children can keep the flat she passed down.
4) Those who have private property must sell after keeping it for their own use.
5) Those who own HDB flats are not allowed to own 2 HDB flats at one time. So have to sell one of them.
6) It will be more feasible if she passed down a private residential property. All children are able to share the rental yield when she passed on.

Hope the above answer your main concerns, but if there are more query, 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 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Dear Sir/Mdm,

If your mum is a Singaporean and can satisfy the criteria of holding a HDB flat, she will be able to purchase from the resale market. However, at her age, she will not be able to secure a loan and therefore it will need to be a full cash purchase.

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

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Good evening Sir/ Mdm,

If your mom is a Singaporean, she is able to purchase under single singapore citizen scheme but do be mindful that she most likely wont be able to take up a loan due to her age thus the purchase need to be full cash and/ or cpf if any.

Do take note as well if you or your siblings wish to inherit the house, you guys have to fulfill the HDB eligibility schemes and restrictions such as not possible to hold 2 HDBs at the same or if want to take over the HDB, must sell off existing private etc.

Thus HDB might not be a good proposal to move ahead. Have you consider private property instead?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi,

If your Mother meets the eligibility conditions of owning HDB flat under one of the many Schemes, she will be able to purchase a resale HDB flat of any size.

Do take note that the flat may likely have to be fully paid, as your Mother may be retired and not able to secure a loan.

Another important note, if you currently own another HDB flat, you will have to make a choice which flat to dispose off once it's inherited. This is because a family nucleus will not be able to own 2 HDB flats.

Even if you own a private property, you will also be required to sell off your inherited HDB flat if you wish to keep hold of your condo.

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More