How much is enough for retirement in Singapore?
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Is it possible to renovate 5-room flat into something like dual-key condo? So, if we rent out the studio, we won’t see the tenant at all.
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ngl2010:
Is it possible to renovate 5-room flat into something like dual-key condo? So, if we rent out the studio, we won't see the tenant at all.
Do you mean a 5 room hdb flat or a condo unit which has 5 bedrooms?
I doubt can do much with a 5 room hdb flat. -
with the purchase of a brand new flat, we won’t have to worry about the lease if we plan to downgrade. hopefully that area will have more amenities coming up as time goes by. so if son likes the flat, he can buy over while hubby and i get a 3 room unit in the same estate.
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ngl2010:
Is it possible to renovate 5-room flat into something like dual-key condo? So, if we rent out the studio, we won't see the tenant at all.
*like* your idea.
Last time I have heard of people buying over adjacent 3room flat and build a interconnecting door in between.
When HDB officers came over to check, they leave the interconnecting door open (considered as 1 big unit). After HDB officers leave, they shut the interconnecting door as they had secretly rented out the whole unit next door.
I am not sure about 5 room flat because ultimately, it has only 1 main door and 1 kitchen. The Yishun jumbo flats do have 2 main doors -
ngl2010:
Is it possible to renovate 5-room flat into something like dual-key condo? So, if we rent out the studio, we won't see the tenant at all.
quite difficult coz most hdb have rooms at one end. But recently saw one floorplan with 1 room in the living hall away from the other rooms...maybe can be done provided it is a MBR -
janet88:
with the purchase of a brand new flat, we won't have to worry about the lease if we plan to downgrade. hopefully that area will have more amenities coming up as time goes by. so if son likes the flat, he can buy over while hubby and i get a 3 room unit in the same estate.
he will be eligible to buy new flat righ.
unless parents can sell children much lower than market rate, hdb allow or not ah?
How abt sell own private condo , cheap cheap to own kids, possible? -
MyPillow:
I think HDB will not allow the price to be too different from the valuation. But parents can always help with the down payment, renovations, offer an interest-free loan etc. Not sure there are rules governing pte property.janet88:
with the purchase of a brand new flat, we won't have to worry about the lease if we plan to downgrade. hopefully that area will have more amenities coming up as time goes by. so if son likes the flat, he can buy over while hubby and i get a 3 room unit in the same estate.
he will be eligible to buy new flat righ.
unless parents can sell children much lower than market rate, hdb allow or not ah?
How abt sell own private condo , cheap cheap to own kids, possible? -
MyPillow:
You can give free too!!
he will be eligible to buy new flat righ.
unless parents can sell children much lower than market rate, hdb allow or not ah?
How abt sell own private condo , cheap cheap to own kids, possible?
But once you transfer name, a valuation has to be done for stamp duty, cpf usage computation or whatever purposes....correct me if I'm wrong. -
Nebbermind:
dun wan la
You can give free too!!MyPillow:
he will be eligible to buy new flat righ.
unless parents can sell children much lower than market rate, hdb allow or not ah?
How abt sell own private condo , cheap cheap to own kids, possible?
But once you transfer name, a valuation has to be done for stamp duty, cpf usage computation or whatever purposes....correct me if I'm wrong.
No free lunch in the world :evil: -
What is the advantage of selling own flat to our kid? Zero cash/no agent fee/heart attachment?
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