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Yalor, RA is after 55 ..just not sure RA funds can be used to purchased flat or not?

they are avoiding this house issue, every time say 'wait until free' but it looks like they cannot buy lor, unless they use CASH, just not sure can they use their RA funds. i have been thinking about this for past few yr for a solution, hahaa~~

Hi phantom, Joint applicant with who ? I am thinking of downgrading to smaller resale flat, therefore thot of getting a 2rm flat for them, but since they cannot get any loan, is there any other way for them to get a flat? Can they used they RA funds in CPF ? Can they rent from HDB ? Will HDB reject as one of the name is used in another flat as joint applicant when one of the flat owner deceased ..i am really stuck ..so miserable over this flat thing.. ..

hi zirhk that means my parents cannot buy flat liao..they nvr bot a flat in their entire life.. so they hv to stay with us forever Is there any other way that they can get loan ? even if we act as gurantor?

Hi zirkh, is there any age limit for HDB concessionary loan? Let's say if i buy my first flat at age 60, am i still entitle to the HDB concessionary loan ? & what is the tenure entitled?

hi babytan i dun think you can get 2nd concessionary loan from HDB if you are downgrading, unless u are upgrading. Even if u are 'upgrading' to 2nd NEW flat that is direct purchased from HDB, you will have to pay resale levy +5% interest per annum to HDB

ya, you are lucky, but i dun think so for my case..

Cannot transfer flat ownership before collecting keys Cannot take HDB Loan, bank loan only until age 65

check your floor plan, as long as u dun hack the main pillar, it shd be fine..BUT u must 'patch' back the hack when u are selling

Ask HDB liao, the answer is NO , that mean my parent >62yr, can never get their own flat in their entire life liao

Can my parents apply for new DBSS flat and transfer to me before collecting the keys ? Since they hv not yet stay, so is MOP rule still apply ? This is because they are above 62yr and not eligible for any loan, only me & spouse can take loan.

i dun think so, cos my fren's father in law passed away & MIL receive letter says she cannot sell house !! For tenancy in common, both owner hold 100% share, any single owner can sell. No need 2 owners consent.

U cannot keep the flat forever ! As far as i know,under Tenancy in common, if one owner passed away, they cannot sell the flat but the 2nd owner can stay until he/she passed away..the flat will be return to HDB. For flats held under the holding type of tenancy-in-common, there is no right of survivorship. Unlike joint tenancy, the deceased co-owner's interest in the flat does not pass automatically to the remaining co-owner(s). If the co-owner under tenancy-in-common or the sole owner of a flat passes away leaving behind a Will, his interest in the flat will be distributed according to the Will (private solicitors can be consulted for making a Will.) The Executor who is named in the Will to administer the deceased's estate has to be engaged a private solicitors to apply to the Court for a Grant of Probate. The Grant of Probate is a Court Order that gives the legal authority to the Executor to administer the deceased's estate. If the co-owner under tenancy-in-common or the sole owner of a flat passes away without leaving behind a Will, his interest in the flat will be distributed according to the provisions of the Intestate Succession Act. The deceased€™s family has to engage a private solicitors to apply to the Court for a Grant of Letters of Administration. The Grant of Letters of Administration is a Court Order that gives the legal authority to the Administrator to administer the deceased's estate. Once the Grant of Probate or the Grant of Letters of Administration has been obtained, the Executor/Administrator can engage their own solicitors or appoint HDB solicitors to act for them to register their legal right as the Executor/Administrator of the flat. Thereafter, the Executor/Administrator may apply to transfer the deceased's share of the flat to the beneficiaries or sell the flat in the open market together with the remaining co-owner's (if any), subject to HDB's eligibility conditions and scheme.

i have got my answer.. for Joint Tenancy,if one owner deceased, the suriving one owner can sell..Tenancy in common, surviving owner cannot sell as there is no surviorship dosent apply..so pls check the type of tenancy carefully..

ya, mine is a complicated case..nvm..thanks to all your help !

hi raincole.. i really really wish , hope to stay alone...but i doubt this can nvr be realise..until they aged ... mayb when i am 50+ 1) they are not working; they cant find jobs..and they dun feel like working too . . 2) they have no savings Duno how to tell them..I aso duno how to move out.

Our song is Truly, Madly, Deeply by Savage Garden..that was the song that got us together. But i choose, Love of A Lifetime by Firehouse as our wedding montage song ..so both songs reminds us of our love

hi gladysbeyond you upgrade to 2nd new flat from HDB ?i think it does not matter whether u upgrade or downgrade, as long as u purchase 2nd NEW flat from HDB, there will be levy, correct ? if resale, then no need levy correct?

hi dizzy so your parents jumbo flat is under 2 name or 4 names ? so it's consider as one flat now?

raincole my pil has no CPF, no CASH..how can they buy ? dun think they can take bank loan..cos both >60yr..look like i hv got no choice

well, i intend to buy jumbo flat.but i m not sure how many owner must there be ? later, maybe can consider to sell off one of the unit when it has reach MOP

mm..i am looking at central area..those 2unit of 3 rm converted jumbo..actually i wanted to stay on my own, but pil got no plc to stay so go to buy one house for them..they nvr own a house b4. anybody in similar situation as me?

hihi beside the MOP, what are the procedure for buying / selling jumbo flats? do we need 4 names or 2 names to buy one jumbo ? can we sell the 2 flats separately ?

they no need to meet the minumum sum,

both the owner have no CPF active, cos the 1st owner already 80+..the 2nd owner 60+..the house was like 30+yrs old, last time they use CASH to service the loan..Single owner can sell the flat http://www.hdb.gov.sg/fi10/fi10203p.nsf/WP...ed?OpenDocument