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? - Seedly
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Anonymous

Asked on 04 Jan 2020

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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    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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    Thank You!
    Can you clarify
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