Anonymous

04 Jan 2020

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I'm planning to buy a resale flat under the single scheme after i reach 35. What will happen to this flat if i were to inherited my parent's flat?

I know I can only have 1 HDB flat and if I choose to keep my parents' flat, what about the balance loan for my flat?

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Pang Zhe Liang

04 Jan 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Under HDB ruling, you will have to sell either flat.

The sale of your flat is subjected to eligibility conditions, e.g. minimum occupancy period.

Thereafter, it will be treated as a normal sale of HDB and the same regulations will apply, e.g. selling at market rate, pay off loan.

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