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Grandama willed a private property to me and I want to buy BTO now

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Old 04-04-2012, 04:58 PM   #1
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Grandama willed a private property to me and I want to buy BTO now

My grandma willed a private property to me and she passed away one year ago. I now want to buy a BTO, can I buy it without disposing of the private property currently held in my name?
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Old 04-04-2012, 06:41 PM   #2
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You have dispose private property. In fact you have dispose private property and wait for 30 months before you can apply for BTO.
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Old 05-04-2012, 08:32 PM   #3
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Must you do that? The pte pty is fully paid up rite
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Old 05-04-2012, 08:45 PM   #4
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wait for more advices.

from my understanding, you cannot get a bto. even if you dispose off your private property, you need to wait for years.

why not stay in the property?
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Old 05-04-2012, 08:47 PM   #5
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u must get rid of ur name in the deed
then wait yrs
then can apply for BTO
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Old 06-04-2012, 09:04 AM   #6
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Must you do that? The pte pty is fully paid up rite
Fully paid up and the house has been around 30+ years
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Old 06-04-2012, 11:34 AM   #7
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Fully paid up, u might as well continue to stay there and then live without any worries. Maybe u can consider buying condo for investment? Nt sure if u can.. Here bros will give better advice.
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Old 06-04-2012, 11:39 AM   #8
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Got a private house Liao, still want a bto? Come on, can't be too greedy right....
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Old 06-04-2012, 11:44 AM   #9
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Faint

it's like someone wanna give u drive ferrari but u wanna drive cherry qq. U trying to troll everyone ar?
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Old 06-04-2012, 11:54 AM   #10
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No wonder the BTO is never enough.
1 of the reason there aresuch person around.
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Old 06-04-2012, 01:38 PM   #11
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Don't judge TS la. Maybe the private property is at some far flung location and he finds it a hassle to travel to work? But in any case, you should still get a private apartment instead of fighting with the masses for BTO flats! The rules wouldn't allow you to, thankfully.
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Old 06-04-2012, 01:39 PM   #12
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Just realised that you don't want to offload the private property also. You must learn one thing in life: You can't have your cake and eat it too.
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Old 06-04-2012, 09:55 PM   #13
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My grandma willed a private property to me and she passed away one year ago. I now want to buy a BTO, can I buy it without disposing of the private property currently held in my name?
Too bad the timing is not right.

If you already have a BTO and satisfied the 5 years MOP, then at least you can still keep your private property.

Your present situation means you have to sell your private property first, and then must wait for 30 months before you can get any form of new HDB housing e.g. BTO, DBSS or EC etc.

But hey, at least you already have a private property!
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Old 06-04-2012, 10:24 PM   #14
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HDB InfoWEB: Eligibility to buy new HDB flat : Buying A New Flat

Eligibility to buy new HDB flat (That include BTO)
Ownership/Interest in Property in Singapore or Overseas other than HDB flats

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*

Within 30 months before the date of application, and
Between the application date and the date of taking possession of the flat


* includes but not limited to:

HUDC flats (Privatised and Non-Privatised)
Properties acquired by gift
Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
Private properties
Properties owned/acquired/disposed through nominees regardless of properties location


Exemption to Exceptional Cases

HDB may consider granting exemption to exceptional cases based on the merits of each case. If you wish to seek exemption to buy a flat direct from HDB, please complete the property questionnaire and submit it to HDB.

---------------

TS, u can apply BTO.
As long as you had doc to proof that the private property was willed by your grandma
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Old 06-04-2012, 11:34 PM   #15
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HDB InfoWEB: Eligibility to buy new HDB flat : Buying A New Flat

Eligibility to buy new HDB flat (That include BTO)
Ownership/Interest in Property in Singapore or Overseas other than HDB flats

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*

Within 30 months before the date of application, and
Between the application date and the date of taking possession of the flat


* includes but not limited to:

HUDC flats (Privatised and Non-Privatised)
Properties acquired by gift
Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
Private properties
Properties owned/acquired/disposed through nominees regardless of properties location


Exemption to Exceptional Cases

HDB may consider granting exemption to exceptional cases based on the merits of each case. If you wish to seek exemption to buy a flat direct from HDB, please complete the property questionnaire and submit it to HDB.

---------------

TS, u can apply BTO.
As long as you had doc to proof that the private property was willed by your grandma
Highlighted in bold means TS is also subjected to the above stated rule.

If you read the article below, it is on Singaporeans or PRs who inherited Private Property and cannot even buy a resale flat from the open market unless they sold it off, so what is the chances for a person to have a private property and still able buy a NEW BTO, and then able to keep both?

HDB flat dilemma for PRs and Singaporeans with property abroad

However, since HDB stated it will look into each case on it's own merit, then TS can perhaps proceed to try, although it will not be so straight-away.

Most likely TS might just get the 30 months requirement waiver, but will still need to sell his private property eventually upon getting his new BTO.

If not, then it will be unfair to those who do not have the 'fortune' to inherit a private property, but just a HDB flat.

Can those who inherited HDB from their relatives able to appeal, and then be allowed to buy a new BTO and still keep the inherited HDB. Of course not possible.

Anyway just my personal opinion.

All the best to TS to resolve this matter.
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