December 12, 2022

Comment on Buying property under your child’s name: Is it a good idea? by 99.co

In reply to <a href="https://www.99.co/singapore/insider/buying-property-under-your-childs-name-is-it-a-good-idea/#comment-211654">Jesselyn</a>. Hi Jesselyn, As your child is an essential occupier of your existing flat and still serving MOP for it, you cannot buy a private property under that same child's name (even if other eligibility conditions are met). You should wait until after you serve your MOP (and ensure that at least one owner of the household is a Singapore Citizen), before an essential occupier (like your child) can buy private property. Hope this helps. Here's the link if you need to check in with HDB as well: https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-occupiers/eligibility

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