Asked by
My parents bought a HDB flat 15 years ago, i was asked to be included into the flat 12 years ago to assist with the payment. My mum has since passed away, leaving my dad and myself as co-owners.
My dad is looking at purchasing a studio apartment so that he can have accessed to his CPF money which was locked up due to this current flat. Is there a possibility of me getting a new flat?
0
693 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Hi,

If he intends to get a studio apartment, he needs to sell away or transfer his share in this current hdb to you. For you to get a new flat, it is possible but you are required to sell the flat when the BTO is ready. Resale levy may apply also. Thanks and hope to understand your housing plans and discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
0
YT Tan (陈永达)
Good evening Noel,

As long as you have fulfilled your minimum occupation period, both of you can go ahead and apply for BTOs.

Do take note that you have to sell off the current unit within 6 months when the first party (either your dad or you) obtains the keys to the BTO.

Hope my explanation helps!

Probably you can share more information so I will be in a better position to advise you. Cheers!

If you need any assistance or advice in your property sale, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions