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We thinking to divorce, either one of us will take over the HDB. I asked HDB before that they mentioned I only can apply $100k HDB loan. This case I can buy over his share? If I want to take BTO, is it possible? Earlier this year, HDB mentioned that I cannot purchase BTO. I am above 35 years old. Thank you.
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3 Answers

Good morning,

Firstly, you have to file for divorce and indicate your intention. Without any contest, upon securing the court order, you can proceed to buy over your co-owner's share on the unit. However, do note that depending on the amount of contribution made and the current valuation of your unit, you might need more fund to materialize the intention.
If you are SC, above the age of 35 and have obtain subsidized HDB unit twice, you are eligible for 2 room BTO unit.

DO feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • QQ
    If example that I want to take the share of the HDB, after divorce, then can calculate if enough to take over?
    If not enough, he can take over?
    If both cannot then we sell in open market?
  • QQ
    I had obtain subsidized HDB unit once with my husband, this case can I apply BTO 3 room?

    How can we calculate if we have enough to proceed to buy over each other share on the unit. That day I went to HDB, the officer mentioned that I can only submit HLE after divorce and when I asked him on the loan, he mentioned that I can only loan maximum $100k from HDB... Is it true? If this case then meaning I have to fork out the balance in cash? Thank you
HI,

There are 2 questions here:
(1) Can buy over your husband share with $100k loan?
This will dependent on the flat type and valuation value. If you have registered under Joint Tenancy then each of you own 50%. So it is 50% of the valuation value. But final outcome will dependent on Court decision.

You may retain the flat under Single Citizen Scheme provided this flat has met the MOP. The flat must satisfy MOP by divorce completion date.

(2) You must be first timer in order to buy BTO as a Single Singapore Citizen. Meaning never owned/sell any HDB/DBSS/EC from HDB or developer. In this case you will be eligible to buy 2-room flexi in a non-mature estate. So if current flat is a BTO, meaning you are not eligible as mentioned by HDB.

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 Read More
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Dear Mdm,

Yes it depends on who has the financial means to take over the share of the other party. If not selling in the open market will be the best option if you have fulfilled your 5 years of Minimum Occupation Period (MOP).

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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