Asked by Anonymous
Hi,
I co-own a HDB flat with my father. I wish to relinquish co-ownership of the flat but my father is unable to finance the flat on his own as he has been unemployed for >10 years. I have suggested to sell the flat after looking into the market price - he will be able to downgrade to a smaller flat with a shorter lease after selling the flat.
However because he borrowed money from me, he has refused all communication with me which makes negotiation difficult.
I am migrating soon and will relinquish my Singapore citizenship. What happens to my HDB ownership when I am not allowed to own a HDB flat since I am not a Singapore citizen anymore?
I co-own a HDB flat with my father. I wish to relinquish co-ownership of the flat but my father is unable to finance the flat on his own as he has been unemployed for >10 years. I have suggested to sell the flat after looking into the market price - he will be able to downgrade to a smaller flat with a shorter lease after selling the flat.
However because he borrowed money from me, he has refused all communication with me which makes negotiation difficult.
I am migrating soon and will relinquish my Singapore citizenship. What happens to my HDB ownership when I am not allowed to own a HDB flat since I am not a Singapore citizen anymore?
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