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My parent and I currently own a EA at tampines street 24. I would like to sell it and get a smaller unit at tampines street 44 area. e.g. a 4bedroom.
My intention of doing this is to get my name out of the HDB so that I can either buy a HDB under my own name or a private property. How complicated is this in paper work?
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5 Answers

YT Tan (陈永达)
Replied
Afternoon Li Hia,

As long as you sell off your current unit, you will be free to purchase a HDB unit/ private property by yourself.

But please take note that if you are buying a resale HDB flat alone, you must be a Singaporean and at least 35 years old.

But where are your parents going to stay? Cause if they are buying a HDB unit solely under their names and intend to take a loan (be it HDB or bank), they might have some difficulties obtaining one due to their ages.

You can furnish me with more information on your situation via email, and I will advise further with more detailed information.

Looking forward to hear from you soon!

Warmest Regards,
YT TAN
ECG Property Pte Ltd
Mobile: (+65) 9111 5171 
Email: yt.lovelyhomes@gmail.com
Website: www.yttan.com Read More
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Catherine PANG
Replied
You will need to discuss the financial planning with an agent. otherwise, please call
www.catherinepang.com Read More
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Mike Lim
Replied
Afternoon Li Hia,

Did you used your CPF to pay for the current unit? Have you thought of transfer ownership to your parents, if the condition allows? Or are you selling the unit to get more cash for your upcoming purchase? There are a few options to look at, depending on your requirement, other then selling it to remove you name.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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Geryl Lim
Replied
Dear sir/madam,

Selling and buying is not complicated by a salesperson standard since we are doing this almost every now and then.

The question here is what is going to happen to your parents after the sale. Are they going to purchase another unit on their own or?

I am staying in Tampines and will be available to meet you for discussion tonight if you have the time.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Caline Lim
Replied
Hi, Li Hia

Most important is to understand your needs and your parents needs and financial plan before making any decision.

Feel free to contact me at HP: 98299405  for a discussion as there are a few options that you can make - up to your family's requirement before deciding to sell your existing house.

Thanks n regards,
Caline Lim
ERA Realty Network Pte Ltd
HP: 98299405 
CEA Reg : R027350G Read More
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