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Hello I have a rather unique situation that I’m new to: my fiancé and I are intending to purchase her parents’ current HDB flat at a mutually agreed price lower than valuation. However, I’m not quite sure how it works out as I’ve gotten mixed answers. Would it be considered a transfer of ownership? Or would it be considered resale part share? And what considerations do I have to take note of? Any relevant advice would be much appreciated!
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1 Answer

Ling CK
Replied
Hi,

1) Yes, you are correct this is considered as part share selling.
2) The process is pretty much the same as the normal resale process, except the seller doesn't have to do marketing.
3) No agent is needed in this process, everything will be handled by the HDB; valuation, legal services, financial calculation, etc.
4) You may contact the HDB branch office if you have anything unsure of.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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