Can I sell my HDB to my wife?
One or more flat owners can sell his/ her share of the flat ownership to other family members, subject to the buyers meeting HDB’s eligibility schemes and criteria.
Can husband and wife each own a HDB?
Can you change the ownership of HDB?
Can I transfer my HDB to my mum?
Can I transfer my HDB to my sister?
Should I buy condo or HDB?
The rental yield for HDBs is around 5% to 7% whereas condos rental yield ranges between 2% and 3%. The key reason for HDBs to have double the yield is because condos tend to cost around 3 times the cost of HDBs. However, the rental income for condo is only around 1.5 to 2 times of HDBs.
Can I remove my name from HDB?
You may apply to change the owners of your HDB flat either through a change in flat ownership (not through a sale) or a resale of part-share, subject to meeting the eligibility conditions.
What happens if HDB owner dies?
If the flat’s sole owner or co-owner passes away, his interest in the flat will be distributed according to his will, or the provisions of the Intestate Succession Act if there is no will. A court order is required to obtain legal authority to administer the deceased’s estate.
Can I give my HDB to my child?
Presently, you are only allowed to do this with an immediate family member and for specific, valid reasons only. In the past, anyone who owned an HDB could initiate an ownership transfer to family members for any reason thinkable.
Can married couple own 2 HDB?
A married couple is considered one family unit, and can thus only own one HDB flat at any one time.
Can a couple buy 2 HDB?
A married couple (with at least a SC in the family nucleus), can own 1 HDB and 1 condo (or even multiple condos), even if both names are included in the HDB flat as owners. There are many families who had bought a second property (either for own stay or for investment) after their HDB flats had met the MOP.
Is resale flat worth buying?
Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. One of the biggest benefits that the resale apartments provide is the tax benefit after gaining possession.
Can resale condo make money?
A resale condominium allows you to have a more predictable rental income because you can gauge it based on what current, or past tenants are paying for their rent. As such, you are able to make a more informed choice as to whether the resale condominium will be worth it to invest.
Can a couple own 2 HDB?
A married couple is considered one family unit, and can thus only own one HDB flat at any one time. Individuals who each own an HDB flat before marriage are therefore given 6 months from the date of their marriage, to relinquish ownership of one of the flats they own.
Can a married couple own 2 HDB?
A married couple is considered one family unit, and can thus only own one HDB flat at any one time.
Can I sell my HDB to my wife?
One or more flat owners can sell his/ her share of the flat ownership to other family members, subject to the buyers meeting HDB’s eligibility schemes and criteria.
Do I need to sell my HDB if I divorce?
Your HDB flat is most likely a matrimonial asset, which will be divided upon divorce. The Women’s Charter defines “matrimonial assets” to be an asset of any nature acquired during the marriage by one or both parties.
Can my child inherit my HDB flat?
Can a minor inherit a HDB flat? Yes, a minor can inherit a HDB flat under the deceased’s final will or under section 7 of the Intestate Succession Act if there is no will.
How long does a flat last?
Most flats have a lifespan of 75-100 years and with proper maintenance, they can last longer.
Is buying a 10 year old flat good?
1) The age of the property should ideally range between 1 to 5 years to a maximum of 10 years. 2) Know about the reputation of the builder and the quality factor associated with his past developments. 3) Understanding the reason behind the sale will help in uncovering the problems and issues with the property, if any.
Is it worth to buy old condo?
Older developments tend to cost less, but rental income is not always equally affected. In general, tenants don’t care about the remaining lease so long as the development is well maintained. In effect, older condos mean you could pay a lower quantum, while retaining more or less the same rental income.