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Hi Everyone,

Two years back i bought a HDB resale flat under single parent scheme with my mother and brother.My mother is the first owner follow by my brother and me.We took bank loan as my mother have taken 4 loans from HDB previously.
Now i want to withdraw my ownership from the flat due to marriage.
Currently me and my brother are the one paying up for the loan through our cpf.My mother is not working.My younger sister will take the ownership for the house replacing me.

Is this possible.Please advice on this.
Thanks
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2 Answers

Hi Ms Sara,

There are minimum 2 basic conditions your younger sister has to meet:
(1) at or above 21 yrs old
(2) Has the financial capacity to take over your share.

The rest of the terms shall be does not own any private property local or overseas etc. etc complied to HDB terms and conditions of owning a HDB flat.

If your sister more or less meets the 2 basic conditions, I would suggest to approach HDB at HDB hub on the ground floor for assessment.

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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YT Tan (陈永达)
Hi there,

Man utd fan too?

By the way, kindly approach the HDB branch office to express your intention to do so especially you might not have fulfilled your minimum occupation period of 5 years.

First Your sister must be of legal age of 21 years old. Then Your brother and sister must have the financial capability to take over the loan and repay whatever CPF OA funds you had utilised.

Hope my sharing aids in clearing your doubts. Good luck.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
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