Asked by
Hi,
Currently i am a co-owner of HDB flat. Bought with my mum in 2016. She has retired in 2021 and i am the only one paying for the house. My dad also retired since 2007 due to poor health. As i am married now, i am thinking to apply BTO. Can i remove my name as co-owner and put my dad's ? Since both of them are retired, i am not sure if HDB will allow to own a flat. Please kindly advise. Thank you.
0
121 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

In terms of eligibility to own a HDB, it is quite likely they can, but financially, are they able to take on the loan if your name is taken out, and are they even able to refund you the CPF monies that you have utilised for this flat including the accrued interest? If they cannot, then this is definitely not viable given that both of them are retired. Read More
1
Here are some recommendations:

Contact HDB Directly: The best course of action is to contact HDB directly to discuss your specific situation. Explain your desire to apply for a BTO flat and the reasons for wanting to remove your name from the existing flat. HDB can provide the most accurate and up-to-date information on your eligibility and options.
Explore Alternatives: Consider alternative solutions for the existing HDB flat. Could your parents contribute financially towards the mortgage, even if they are retired? Could you rent out the existing flat to help manage the financial burden?
WhatsApp me at: ABLE Toh >>9856 9255 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh >>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions