Property Views
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Now allows you to have one owner + one occupier at the outset, but no longer allows decoupling midway down the road
So best to start with with that position. However, most couples who want to utilize both person's CPF for downpayment, will not be in a position to do this. -
Nowadays HDB so expensive, rare to be able to use one person’s CPF to pay the mortgage totally.
But let’s take an example scenario of Husband using his CPF to pay for the flat. He puts himself as Owner, wife as Essential Occupier. If in the event of Husband passing away, or initiate divorce, does the wife have any claim to half the flat as a marital asset? Or does she have zero to her name because she’s “just” an occupier? Will she lose the roof over her head? Leaving her (and any kids) homeless and assetless? -
It depends on whether the husband has a will.
Without a will, it will follow Singapore's intestacy laws.
https://www.gjclaw.com.sg/articles/laws-of-intestacy-in-singapore/ -
Suppose a lady has a private ppty, can she be an Essential Occupier of a new hdb with her husband? Tks.
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Timing is the key.
At the point of purchase of HDB, I believe neither occupier nor owner can be owners of private property.
After the MOP, any party can own as many pte properties as they want, in addition to the HDB. -
For those who are applying for BTO - the total wait time for construction, TOP to MOP, is actually rather long.
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zac's mum\" post_id=\"2010698\" time=\"1609732996\" user_id=\"53606:[quote=\"zac's mum\" post_id=2010698 time=1609732996 user_id=53606]
As the flat was acquired by the couple under the HDB fiancé-fiancee scheme, then it is a matrimonial asset. This means that in the event of a divorce, it will be divided between them as determined by the courts.
This is fine advice. Provided the relationship is truly solid. Legally, the party who is not listed as Owner will stand to lose out if the marriage ever ends in divorce, no?[/quote] -
Anybody has done decoupling? Thank you.
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Of private property? or HDB?
Private property can be decoupled any time. If there is a mortgage, got to consult with the bank and use the panel lawyers. -
doodbug\" post_id=\"2011459\" time=\"1610160123\" user_id=\"13281:
doodbug
Of private property? or HDB?
Private property can be decoupled any time. If there is a mortgage, got to consult with the bank and use the panel lawyers.
Decoupling on a private property with no mortgage; what is the estimated cost on legal fees?
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