Singapore Expats

Hi,

I need some advice. I am a PR who is married to a singaporean wife. We have bought a HDB flat together. I am the major contributor for the flat, even though she works. What will happen to the house, if I renounce my PR?

You may have to remove your name from it. Why do you want to give up PR?

I think you will find that her name is listed first on the title/deed regardless of who makes the payments. I believe it may also depend on how the unit is owned.

"In joint tenancy, the joint owners own/hold the whole interest in the property. There are no separate shares. In contrast, tenants-in-common own the same property in definite and separate share in the property. The consequence of holding property in joint tenancy is that the right of survivorship applies."

The issue here is his wife's age. She cannot own a HDB on her own is she is < 35. Hopefully she is >35.

krabhi wrote: ↑

Sun, 01 Nov 2020 10:48 pm

Hi,

I need some advice. I am a PR who is married to a singaporean wife. We have bought a HDB flat together. I am the major contributor for the flat, even though she works. What will happen to the house, if I renounce my PR?

Let me try to ans this in a chronology logical way, as this seems complicated and is interesting:

Facts:
I am a PR who is married to a singaporean wife - 1 SC and 1 PR
I am the major contributor for the flat, even though she works - leave aside social part, PR contributed more - presumably from his CPF
What will happen to the house, if I renounce my PR? - left with 1 SC
Key unknowns: Age of SC, Type of HDB, bought from open market or from HDB (think 1SC+PR can eligible to buy from HDB), got any HDB loan - from bank or from HDB

1. First and foremost, if lone SC is not eligible to own HDB, no argument, sell in open market or to HDB, if no choice.
2. As PNGMK mentioned, SC must be min age 35, else do #1
3. Single SC must meet HDB criteria, think cannot own bigger than 3 room HDB, else do #1
4. Once PR renounce, if PR use CPF to buy HDB, his CPF ordinary account need to be topped up to original amount spent on HDB. Typically this happen when PR sell the HDB. (lets hold this for a while - assuming SC can get ownership)
5. Now if SC eligible and meet criteria in #2 and #3, she have to somehow settle the loan, if any, either from her CPF ordinary account or cash. This has to then, somehow, flow to PR's CPF ordinary account, to be settled once PR renounce - not sure if this possible. If not possible do #1
6. Even if meet criteria, got enough cash/CPF ordinary account, not sure HDB/CPF allow - might have to write in, meet MP, with super special reason to hold on to the HDB by SC. I think you explain to MP's social team they scratch head, they may also advise to do #1

Sorry, as krabhi is specifically asking to know what will happen to the house, I have not tried to divert the ans on why he want to renounce the PR. sticking to his ques about the house.

Any children involved? Are they SGC? If SGC then #2 doesn't apply as if SGC child(ren) involved, they can form family nucleus.

PNGMK wrote: ↑

Mon, 02 Nov 2020 2:04 pm

The issue here is his wife's age. She cannot own a HDB on her own is she is < 35. Hopefully she is >35.

I’m under 35 years old and bought a HDB under Non-Citizen Spouse Scheme. I’m listed as sole owner while my foreigner husband is listed as occupier. We have no kids when I bought it.

I’m the one paying for the house so it’s different from OP. OP might be listed as occupier instead? Not sure about how payment would change though.

1 more thing, did they take grant?
Need to return?

therat wrote: ↑

Mon, 02 Nov 2020 6:25 pm

1 more thing, did they take grant?
Need to return?

PR wont get grant. Only SC could have got it if it is the first HDB

Thank you for all the replies.

I am not going to renounce my PR. The question popped up during a discussion at my work place and I was like “what would happen if I were to renounce?”. Hence, the original post in this forum.

To answer some of the questions posted:

1) Yes both of us are above 35
2) Yes we have SGC children (2 Nos)
3) We bought a resale flat with HDB loan
4) No grant taken
5) Yes, both of us are listed as joint owners

I'm also guessing your first posts back in 2017 weren't for a friend either, correct? I didn't think so back then and I'm guessing I was correct.

Oh yeah - the fatherless children ones...

sundaymorningstaple wrote: ↑

Tue, 03 Nov 2020 12:07 pm

I'm also guessing your first posts back in 2017 weren't for a friend either, correct? I didn't think so back then and I'm guessing I was correct.

No SMS, that was for a friend.