Asked by
My parents have a 4 room HDB flat under joint tenancy - they obtained the property through SERS in 2010 and purchase date is 28 Sep 2010 when checked on HDB web.

They also have a landed private property in Singapore under joint tenancy. I am the only child.

I have a 2 room BTO HDB flat directly purchased from HDB

For the scenario below, please advise:

If they pass away and they will me both the HDB flat (4 room) and the private property, can I sell of my 2 room BTO HDB and retain the 4 room HDB flat and the private property or will I be asked to sell of the private property to retain a HDB flat.

Another option is - Can I transfer the private residential property under my company's name (Private Limited) so that I can keep the HDB (4 room) under my name and the private residential property under company name?
0
422 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Hi,

There are different options that you can go about doing this but in any scenario, you can only keep 1 HDB.

There are additional conveyancing duties for company holding property. You might want to refer to the following link to understand better.

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property-Holding-Entities/Learning-the-basics/Stamp-Duty-Basics-for-Property-Holding-Entities/

Regards,
Nicholas
 81184108  Read More
0
Hi,

You can only own 1 HDB at any point of time based on current regulations. Depending on the eligibility conditions then, you may be able to retain the hdb 4room. As for the private property, transferring to put under the company name is not so straightforward, there are conveyancing duties to take note as well. Have to put a disclaimer here that regulations can change anytime in the future.

Hope this answers the queries. Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions