AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Any agents here has experience in Transfer of Ownership (not through sale) of a HDB flat? My question is: 1) Does the outgoing owner needs to refund back to CPF the grant and repay existing loan before transfer? 2) After the transfer, will HDB slap the new owner with a fresh MOP?
0 •
266 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Geryl Lim
Replied
Transfer cases can only be done on case by case basis and has no outright outcome that we can speak about. For all transfer of properties, as long as there is an element of CPF funds usage, the amount must be refunded to the outgoing owner inclusive CPF. This amount can be derived by checking the CPF statement. Whether a fresh MOP is required or not should be subjected by HDB decision. Please approach HDB for clarification and advise.

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0 Read More
1
Upvote Upvoted
Aaron Chong
Replied
Hi,

Transferring of ownership is a case to case basis especially when it involves a HDB flat. So I would suggest that you contact the HDB branch officer of your estate and to consult him or her further.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions