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Afternoon Roger,

It's good that you have your brother's welfare in mind. However, should you purchase the resale HDB unit with your brother and you are paying for the monthly installment using your CPF while he is unable to work, there is no way that he can obtain any loan to buy over your share in the later stage.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Roger,

What you should know about "buy a resale HDB" is here....

https://www.linkedin.com/pulse/9-step-buy-resale-hdb-flat-like-pro-mani-subramanian-veeramani?trk=mp-author-card

About "CPF"....

https://www.linkedin.com/pulse/7-cpf-housing-grants-hdb-flats-everyone-needs-know?trk=mp-author-card

https://www.linkedin.com/pulse/resale-hdb-flats-101-mani-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/5-things-you-need-know-using-cpf-savings-hdb-housing?trk=mp-author-card

https://www.linkedin.com/pulse/easy-guide-using-cpf-savings-bank-housing-loan-hdb?trk=mp-author-card

https://www.linkedin.com/pulse/5-things-you-should-know-cpf-savings-bank-housing-hdb?trk=mp-author-card

https://www.linkedin.com/pulse/why-singaporeans-should-stop-using-cpf-money-pay-hdb?trk=mp-author-card

About "loan" ...

https://www.linkedin.com/pulse/10-things-you-should-know-home-loan-refinancing-mani?trk=mp-author-card
https://www.linkedin.com/pulse/10-minutes-guide-hdb-concessionary-housing-loan-realtor-mani-%E7%8E%9B%E5%B0%BC-%E0%AE%AE%E0%AE%A3-?trk=mp-author-card

https://www.linkedin.com/pulse/guide-bank-housing-loans-private-residential-property?trk=mp-author-card

https://www.linkedin.com/pulse/how-decide-your-home-loan-tenure-reasons-opt-longer-mani-realtor?trk=mp-author-card

There are so much other important things that you should know....

Check it out 350+ posts, contains useful guides & tips, etc.
Download, forward/share with your Facebook friends as well.
“The Ultimate Home Buyer’s-Seller’s Guide”
https://goo.gl/5p34Hu

Mani
https://www.linkedin.com/in/AskRealtorMani
Questions? 8300 4411  Help@AskRealtor.sg
https://www.linkedin.com/messaging/compose Read More

Hi Roger,

I'm afraid this plan will not work. For you to transfer the shares of the HDB to your brother, he will need to be able to pay back whatever you have paid from your CPF (plus accrued interest) towards this flat, and on top of that, able to get a loan to service the remaining outstanding mortgage.

You can still proceed to get the HDB flat with your brother, but in future, you might have to look towards purchase private property with your fiancee instead of HDB.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More