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Can I, a PR who owns a Condo, buy a HDB resale flat?

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PNGMK
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Can I, a PR who owns a Condo, buy a HDB resale flat?

Post by PNGMK » Thu, 07 Apr 2016 8:44 am

I can't be arsed looking up the HDB spag page to find out and I'm sure someone here knows.... note that I do not want to sell my condo. I just need a place for my son (who is still a minor) to live with his idiot mother.
I not lawyer/teacher/CPA.
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adeline.35
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Re: Can I, a PR who owns a Condo, buy a HDB resale flat?

Post by adeline.35 » Thu, 07 Apr 2016 9:00 am

If HDB ownership is under your name, you have to sell away the condo within 6 months.

Unless the HDB ownership is under son's mother name and your son, then you can no need to sell your condo.

But you cannot take home loan or use CPF to pay the HDB. Must use hard cash.

Home loan must under HDB owner aka your son's mother.

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PNGMK
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Re: Can I, a PR who owns a Condo, buy a HDB resale flat?

Post by PNGMK » Thu, 07 Apr 2016 3:12 pm

Yes I thought as much. Thanks.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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