How do I know if I am an essential occupier?
An essential occupier, as defined by HDB, “is a family member who forms a family nucleus with the applicant to qualify for a flat from HDB”. This can be a spouse, child, parent or sibling. He/she does not have any share in the flat, even if he has paid cash for it.
How do I know if I’m an essential occupier HDB?
A proper family nucleus is defined as follows: If you are married: you, your spouse and your children (if any). If you are single: you and your parents. If you are widowed/divorced/separated: you and your children under your custody.
What is the difference between occupier and essential occupier?
Can I apply for BTO if I am an essential occupier?
Do I need to include occupier?
Can I buy HDB with 1 name?
Yes, you could purchase a HDB flat under your sole name. However, you will need to include your husband’s name in the flat, at least as an essential occupier.
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 buy a HDB if I own a condo?
Can I Buy an HDB Flat If I Own a Condo? If you’re a condo owner, you can’t own an HDB flat at the same time. You would need to sell your condo before you can buy an HDB flat. Alternatively, you may buy a resale flat if you sell your condo within six months of moving in.
How do I remove a tenant name from HDB?
You can remove existing occupier/s if the remaining occupier/s qualify to retain the rental flat under our prevailing policy. You can submit your request by approaching the HDB Branch.
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.
How can I remove my name from HDB flat?
You need to seek approval from HDB to withdraw your name from the ownerhip. Yes your parents have to refund whatever CPF OA funds you had utilised in the flat either in cash, CPF or loan.
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 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.
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 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 inherit my parents HDB?
If both parents die in a common accident or a catastrophic event, you can inherit your parents’ interest in their HDB flat under a valid will or under section 7 of the Intestate Succession Act if there is no will.
Can I own 2 HDB flats?
How many HDB flats can you own? You are only allowed to own one HDB property at any one time. This includes other HDB properties such as executive condos (ECs).
Can I let my friend stay in my HDB?
HDB flats are public housing primary for Singaporeans’ own stay. If you are thinking of renting them out long term to the same tenant, that’s not allowed. Although the maximum subletting period is 3 years per application, it’s reduced to 2 years if one or more subtenants is a non-Malaysian/non-citizen.
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.
Can I keep HDB if I divorce?
The divorce parties would need to decide on the mode of effecting the ownership change – whether it is through a change in flat ownership (not through a sale) or through a resale of part-share. Parties may submit an application for the intended change in flat ownership only after the divorce is finalised.