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Hi all,

My partner whom is a singaporean, but is currently working overseas. We would like to ask when we are purchasing a BTO, do we have to declare her overseas income? As the country tax is high, if we declare the actual income may affect income ceiling.

Also we would like to ask if it is possible for parents to live in our BTO and rent out my parents house.

Thank you in advance
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2 Answers

Dear Sir,

HDB will require your partner to declare her income as HDB regards the income ceiling criteria quite seriously. There is a 5 years Minimum Occupation Period (MOP) which HDB requires the owner to occupy the unit. Therefore you will not be able to get your parents to fulfil the 5 years MOP for you.

Please feel free to contact me so that I can provide you with a detailed explanation.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

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  • Nick Tan
    Yes it is possible for your parents to stay with you. If they own a HDB and fulfilled the MOP, they can rent out their flat.
  • m***@outlook.com
    Hi Nick, thank you for your reply. To clarify on my point on parents living in our BTO, if one of us the occupant occupy the BTO to fufil the 5 year MOP, is it possible for my parents to live in our BTO with us whilst renting their house? Thank you in advance!
Hi,

1) It is mandatory to provide true and accurate info in your application. Failure to do so will face serious legal consequences. This was repeatedly reminded to all public to provide true and accurate info in the public media.
2) If your application exceeds the income ceiling, you may appeal accordingly. The HDB will act in their discretion to consider your situation.
3) Your parents are allowed to stay in your BTO while renting out theirs once they completed their MOP.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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