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Good afternoon Jenn,

you will have to remove your ownership from existing HDB if you intend to purchase a HDB or new EC. Therefore your mom will have to dispose current HDB off due to there's no single SPR scheme.

You can try to appeal to your HDB branch office.

If not, you can opt to purchase a private instead. Your mom still can hold on to current HDB but you will be hit by ABSD for second residential property purchase. Or your fiance buys a private under a single name.

Alternatively, sell existing HDB. You get your HDB or new EC with fiancee. Your mom gets a private.

There're many scenarios you are able to look at but perhaps you should try to appeal first.

Hope my sharing value add in your property needs. Cheers!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

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Hi Jenn,

(1) It is true that single PR is not allowed to keep a HDB flat, other than PR divorced with child custody.
(2) Sale proceed shall deduct whatever CPF used in your mom's account. The remaining cash component will return in cheque in favour to both your mom & your name.
You can decide how to distribute it among yourself.
(3) However, there might be issue with "right-sizing" policy incurred in your case after you sell your flat and buy a flat with HDB housing loan.
Which mentioned in your enquiry of "50-50".

To move forward, the first thing you should do is to appeal to HDB to ensure your mom can keep the flat before the next move.

Hope the above answer to 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 
ling.ck7@gmail.com

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Hi Jenn,

It will be best to obtain an approval from HDB branch office directly.

First she is not eligible to keep HDB as a single SPR.

Secondly, there's a change of ownership thus she might be able to hold on to HDB but not private. If want to hold on to both, also need approval if so.

But since the HDB is close to 30 years old, you guys might be keen to find out whether how can you maximise its value before it starts to depreciate when it gets older.

If you are keen, all of us can meet up for a chat.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More