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My parent would like to sell their existing HDB flat to me as they would like to downgrade to a smaller place for easier maintenance and I am keen. Is this an allowed valid reason for my parents to sell the flat to me below the prevailing market value?
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2 Answers

Ivan Ng
Replied
Hi,

To be eligible to take over, you need to fall under one of the hdb buyer eligibility scheme. If you are taking over on a sole name, you must be 35 and above, and local citizen. Is this the case for you?

Thanks and may I understand your details so to further assist with the right solution?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Nick Tan
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Dear Mr Li,
You can approach your town council to enquire about the transfer of ownership instead of purchasing it from them. It will be a much more straightforward process.
Please feel free to contact me if you need more advice or information!

Nick Tan +65 9644 4854 
E: nicktan@propertyavenue.com.sg
B.Eng(Chemical)(Hons)(NUS)
Property Avenue Pte Ltd
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