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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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2 Answers

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!

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Ivan Ng ERA ASAP
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GAN ENG JOO ONASSIS
Hi,

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The only concern of HDB is to return any CPF to personel upon surrender your share of flat. Just go to any of the nearest hdb branch with your parents. The office there will do the paperworks accordingly.

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