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Hi, the succeeding co owner will have to return the full CPF amount plus accrued interest to the outgoing owner. And most of the time it is rather difficult to do so. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi;

It depends on the Court Order on how the mode of transfer is ie with/ without CPF refunds to the other party. In order to be able to give you more accurate answer, perhaps you would like to contact me and share with me the Court Order? I have dealed with a few divorce cases before previously and not all are the same scenario.. Looking forward to hear from you..

Rgds;
Lyna Song
Associate Group Director
PropNex Pte Ltd
 96238442 
lynasong@hotmail.com Read More

Hi,

1) Basically, you must have the financial capacity to take over the flat. Seek assistance from the respective financial institutions; HDB or bank.

2) Once you are determined having the financial capacity, dependent on the financial assistance obtain:
(a) HDB, max loan is 90%, thus you have to fork out the 10% in cash and/or CPF
(b) banks, max loan is 75%, you have to fork out the 5% in cash, 20% in cash and/or CPF.

3) Do note that if current loan is from bank, you will only allowed to seek financial assistance from bank only.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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