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Hi Tony,

In fact, since you are buying resale flat. No advance application to be done. Only upon submitting of document to prove relationship will do during the HDB appointment for verification.

1) There are no difference in benefit between the 2 schemes, they are merely stating the different eligibility conditions.

As of whether to buy now or later, there aren't any difference.
Buy now: You = owner, parents = occupier
Buy later: You = owner, spouse + parent = occupier

Both spouse and parent cannot be owner anyway since only PR or SC can be owner.

2) You have to timed your purchase accurately in order not to miss the appointment. All LTVP must have at least 6 months of validity during purchase (exercise OTP). You shouldn't face with such awkward situation if you have take note of the restrictions .

Hope the above answer to your main concerns, but if there are more queries, 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

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Good afternoon,

For both scheme, you will be the owner and either your parents or spouse will need to be holding onto valid LTVP of more than 12 months. Therefore the likelihood for their LTVP to be expired before completion of transaction is very low.
It does not have any impact on the purchase just the the essential occupier would not be the same, either your parents or your spouse.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More