Asked by Anonymous
Hi. I am co-owner with my father of a HDB 5-room. Both my father and I have paid roughly 100K+ each using our CPF. Now, I plan to marry and my fiance has his own HDB flat bought 2 years ago. I understand 2 singles owning a HDB flat must give up 1 flat if they marry. I want to transfer my ownership to my father but how is he going to pay up my portion of the CPF? He is already in semi-retirement with very low CPF funds. I have no siblings to transfer to. Btw our flat is currently fully paid for. Please advise how I can transfer without my father having to pay the CPF portion of an already paid up flat. Thank you.
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