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Hi,

Yes, it is possible. However, your Brother need to be able to refund all CPF monies utilised, plus accrued interest, back to you Mother upon the flat transfer.

With regards to CPF Housing Grant, it depends on whether the current flat is a subsidised flat or not. If it is, there is no CPF Housing Grant, and she will need to pay a resale levy if she applies for a BTO flat.

It would make more sense and straight-forward if your Brother purchase his own flat, as he's already above age 35.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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

Hi,

1) There are 2 types of transfer identified by the HDB,
(a) Change in Flat Ownership (Not through a sale): https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership
(b) The other is through a resale of Part-Share: https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/resale-of-partshare

2) From your information, your mother is only able to do the transfer using the 1(b) method.
3) Every citizen has 2 chances to apply for a BTO. Your mum is eligible if this is her 2nd application for a BTO.
4) The fees involved for your mum are as follow:
(a) Legal fees: ~$1,500~$1,800 (https://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/financing/costs-and-fees)
(b) Resale application: $80

5) The cost involved for your brother is the same as the normal buying process:
(a) Valaution cost: $120
(b) Legal fees: ~$1,800~$2,500 (include mortgage stamp duty)
(c) Resale applicationL $80
(d) Option and exercise fees: $2~$5k
(e) Buyer stamp duty: ~3%
(f) Miscellaneous (https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/costs-and-fees)

6) There are a few factors to determine whether you are eligible for any grant:
(a) Did your mum buy any BTO/SBF before?
(b) Is the current flat bought with a grant if this is a resale flat?
(c) Will your household income exceed $14k when buying with your mum?
(d) Was your mum an essential occupier when a BTO/SBF or a resale with grants were bought in the past.
(e) Did your mum or yourself own any private residential property or EC bought from the developer for the past 30 months.

Hope the above answer your main concerns, but if there are more query, 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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