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I have balloted for a BTO, have paid the $2000 deposit and am waiting for my second appointment for the 10% down-payment and signing of lease.

If I were to inherit my parent's flat during this time due to their demise (50% with my other sibling),

Do I have to sell off my part of the ownership of the flat immediately to retain my BTO, or only when it is completed in 2026?

Thanks in advance.
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1 Answer

Hakim Halim
Replied
Hi there,

Yes you would need to sell as HDB only allows you to own 1 HDB.
This also means you will need to sell now and not in 2026.
You would probably already gave your $2000 deposit and sign legal documents for your purchase of BTO on your first appointment at HDB. This means if you log on myHDB online, you will see that your name is already tagged to the HDB purchase. That counts as 1 count of property ownership.
Hope this helps..

- Hakim
property@hakim.sg
 9144 9841  Read More
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