Asked by Anonymous
Hi,
I own a HUDC flat with my brother now and we live with our parents. As I'm planning to buy a flat with my fiance I would like to transfer my ownership to my brother. Will the transfer of ownership be based on his returning of the CPF monies into my CPF account? Will there be revaluation required in the process of ownership transfer or he is able to undertake the remaining bank loan as it is?
I own a HUDC flat with my brother now and we live with our parents. As I'm planning to buy a flat with my fiance I would like to transfer my ownership to my brother. Will the transfer of ownership be based on his returning of the CPF monies into my CPF account? Will there be revaluation required in the process of ownership transfer or he is able to undertake the remaining bank loan as it is?
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