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About 15 years ago, my friend and her twin added their names into their parents' HDB flat to help with the monthly payments. Now, at 36 years of age, she is looking to withdraw her name from the unit as she has already placed a down payment for a HDB flat of her own. As the purchase of her new HDB flat is a time sensitive issue, she has been trying to get her parents and her twin to cooperate with her in starting the Transfer of Ownership process with HDB. However, they are dragging their feet and coming up with excuses and making it nearly impossible to get anything done. My friend is about to lose $5000 and the opportunity of purchasing her flat.

My friend is wondering if there is a legal way to force their hand in removing her name from their current flat and getting them to return her CPF contribution in time for her to purchase her new flat. I am helping her to source out for lawyers but we are not sure if we would require a lawyer who specialize in real estate or family law.
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1 Answer

Robbie Chen Chee Howe
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Hi,

I'm sorry to hear about your friend's predicament. In my opinion, it is a willing buyer willing seller situation. Your friend willingly put her name into the parents flat 15 years ago. But now, she faces the difficulty in removing her name out because her parents and twin does not wish (or do not have the funds) to refund back the CPF that she has already paid towards the flat.

This can come out to be a huge amount, depending on the CPF funds she had utilized over the years. There is nothing she could really do if her parents and twin does not agree to the transfer.

The only way I could think of, would be for her to top up her own CASH into her CPF account, and then voluntarily remove her name from the HDB flat (also with the other co-owners approval).

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  .

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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