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Hi,

1) Change or adding a name to a property is not just an administration. It is a part sale process.
2) Part sale means you are selling part of the property share to them. Therefore they also will have to pay for the share at the market rate.
3) In this process you not only need to engage a lawyer to perform the task, but your children will also be subject to pay buyer stamp duty to the IRAS.
4) Thus if your concern is to ensure they receive the ownership when you are no longer around, you may prepare a will to distribute your share to them.
5) If this HDB belongs to both of you, then both of you will have to prepare a will separately to ensure the share of the property is distributed to them according to your wish.
6) Especially if the HDB is under Joint tenancy, the survivor party will take over the deceased share automatically even though there is a will. Thus it is essential that the survivor party has a similar will to the deceased.
7) Do note that your children also must meet the HDB policy to take over the HDB flat. They will not be able to take over if they are non-citizens or under 35 yrs old.

Hope the above answer 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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Dear sir/mdm,

As per what Ling has mentioned, it is not so straightforward as to only adding the name in. You will also need to have HDB approve this part sale. Do take note that in the event that when they are looking to settle down with their life partner in future, they may also some inconvenience to purchase a matrimonial home on their own, subject to the regulations by then.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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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

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