Hello,
My current BF is co-owning a 4rm HDB with one of his parent. This HDB is bought by his parent 10 yrs back and he put his name in last year as his parents are unable to service the loan. Now, we are going to get married and will want to buy our own HDB. If after my BF sell his HDB, both him and his parent bought their own separate flats, will each of them need to use 50% of the cash profit to pay for their new flats? for example, if profit is 200k, do the govenment see it as a equal spilt between the two co-owners?
Will me and my BF considered as a 1st time when applying for flat from HDB? The current flat my bf co-own is bought by his parents 10 yrs ago fr HDB.
IF we are looking to buy a new EC, do we need to sell the flat 1st before we are allowed to even bid for the EC?
Thanks in advance for answering these complicated qns.
