Dear Sir/Mdm,
Such a scenario is called a conversion scheme, under such an arrangement, you will need to purchase the next door unit either with your spouse or your parents by forming a family nucleus.
If your spouse name is included, she will not be eligible to purchase a condo within the next 5 years due to the MOP requirement. If she is still an essential occupier after the purchase, she is able to purchase a condo without ABSD after 5 years.
This may not be the best option going forward. Please feel free to contact me so that I can understand your objectives better before providing you with further assistance.
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
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Ms Chia (Buyer)
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Susana (Buyer)
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Mr and Mrs Chan (Sold and Bought a property through Nick)
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Mr & Mrs Wong (Property Seller)
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
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