facebookWe are a couple in the talks of settling down and we are at lost when it comes to housing. How can we afford a condominium? How should we go about the savings? - Seedly

Anonymous

07 Jun 2019

Property

We are a couple in the talks of settling down and we are at lost when it comes to housing. How can we afford a condominium? How should we go about the savings?

One of us has a condominium under the name (actually the parents' property) so we are out of the running for BTO and EC. We are left we no choice but to look at private properties.

Discussion (6)

What are your thoughts?

Learn how to style your text

Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

Perhaps the one who has the property under the name can "sell" the property back to the parents. Meaning, the parents will take full ownership of that property.

Then, you both can qualify for BTO after a cooling period.

View 2 replies

There is no other way but to discuss this issue with the parents first since it is theirs property. The fact that they got into this arrangement without considering the consquence, they should be 'partly' responsible. =D I believe they did this property for investment to avoid the absd?

It will be best if the parents are willing to sell the property. Thereafter u can get a hdb resale instead since the waiting period to get a new hdb is too long for u.

Or unless the parents are willing to support (financially) in purchasing the property. And allow the property to be held in your/spouse name (the other person without property to his/her name).

  1. You will need to talk to the banks on how much $ you can borrow.

a) If one of you is holding the...

Write your thoughts