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Hi I divorce with my wife about 1 yr plus ago but during that time in contract I wanted my son to take over the flat n pay me back the CPF amount that I pay.
But now he doing ns only.If now I wanted to change to just let me son to take over the HDB flat n need not have to pay back the CPF can?
I wanted to remove my name from the HDB n put his name in it n let him continue to pay the balance mthly to HDB.
What can I do n it need how much to settle the issue.
Thank everyone.
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1 Answer

Hi Mr. Eric,

I see your main concern here is not on transferring of ownership but to service monthly loan.

CPF board allow co-owner to use CPF to repay monthly loan of property.

Since your son is serving NS now, his CPF amount most properly does not have enough to buy over your share now.

It would make better sense for you to wait till he has the capability to takeover your share to do the transferring.

Hope the above answer to 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
 90110636 
ling.ck7@gmail.com

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