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Hi I am a joint tenant with my parents of a hdb 3 room flat which my parents paid monthly with cash for the hdb loan. I was added as a co-owner as a gift after the flat has been fully paid.I do not contribute my cpf. My query is whether my parents need to buy my share of the flat when i remove my name as co-owner. I intend to apply for a new flat before marriage. My parents do not want to sell or downgrade flat.
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1 Answer

Hi Sohana,

You can do a transfer of ownership with the HDB Branch side to remove your name from the property. They need not buy over any share since you didn't use any CPF for the property. Thanks and hope it helps. All the best to marriage journey!

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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