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This cannot be a unilateral decision, given that your brother must be eligible to take over your share both financially and according to regulation of HDB ownership. Even if you decide to sell, your brother must also be agreeable to the sale.

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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, your brother would need to have the means to buy over your share even if he is eligible to take over.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi, appreciate your sharing. Can make a trip to HDB branch office and check.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Selling Your Shared HDB Flat:

Mutual Agreement Needed: You can't decide to sell your share of the HDB flat on your own. Your brother must also agree to the sale.
Brother's Eligibility: HDB regulations must be met for your brother to take over your ownership share. This includes both financial eligibility and adherence to HDB co-ownership rules.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

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Hi,

1) There are 2 options to withdraw your ownership from the flat:
(a) Transfer share (Not through a sale): Your brother only needs to refund the CPF utilized + accrued interest from your account. But there is a condition of not having any outstanding mortgage loan in the current flat.
You may check out the details from the link below:
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership/guide-on-transfer

(b) Part-share sale: You sell your share to your brother at market rate.

2) Both methods can only be done provided your brother is eligible to retain the flat by himself.
3) The staying party can apply for a loan to buy over the outgoing share.
4) Making the right selection when applying for the HFE is the key to reducing hiccups in the transaction process.
Details can be found below:
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/resale-of-partshare

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers 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
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