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Hi;

I would be able to assist you in this matter.. Yes, you will be able to do a transfer of your share to your brother. He would then need to take up a loan to finance for the outstanding loan for your current place. As of how much you can get back from the house, you need to log in to your CPF website and check, under Section C( amount used + accrued interest) .. Yes, you can use this amount for your next property. For your loan amount, would need more details from you before i could advise. Please feel free to contact me for further discussion as im unable to contact you via here.. Thanks..

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Hi,

Yes, your plan is feasible.

Once you removed your name from your current flat, whatever that you have paid towards the flat from your flat will be refunded back to you, with accrued interest. This also mean that your brother, who is coming in to take ownership of the flat, must have the financial capability to pay you back your CPF, and is also able to support any outstanding loan.

As for your own purchase, the amount of Grant and Loan you're eligible for will depend on several factors like your income level, the type of flat you purchase, the location of flat you purchase etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Yes based on the info shared it seems feasible. Firstly your brother must be financially equipped to be able to finance the flat on his own (have enough cash+cpf oa+ loan), as I assume your mum is no longer earning income. If so, he will be able to take over and you be able to exit, and your cpf utilized+accrued interest would be refunded to you. This amount can be used for the next flat.

As you bought the current flat directly from HDB, this is considered your first subsidy. So for the next resale flat, only can get the proximity housing grant of 10k if you buy within 4km to your parents place. How much you can loan depends on your age and income profile at point of application.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any banker’s contact or any other assistance. Hope to hear from you soon and have a great week ahead.

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

Hi

This is a common issue faced by HDB owners. In order to advise further, do contact me at 93375051  for a free and non obligatory consultation. I would need further details such as the status of your current flat and you and your brother profile.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi there,

This can be easily done as long as your brother has sufficient CPF OA & income to take over from you.

For your buying, you'd need to assess your budget first before proceeding to the next step.

Feel free to contact me to discuss further.

Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602  Read More