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Hi,

This is considered a transfer of ownership which you need to obtain approval from HDB. You can also do a transfer via sale. But by transfer by gift I do not think is viable. Regardless the Buyer Stamp Duties are payable, and also your CPF Utilized+ accrued interest has to be refunded.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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If it is a transfer, you will require the approval from HDB but your sibling will still be required to refund you the amount of CPF used including the accrued interest. If your sibling is eligible to own a HDB, you can also consider selling, and MOP will be applicable for your sibling, thus the he or she will be required to stay in the property. Locking up 1 room is not allowed. Read More

Hi, appreciate your sharing. Best to propose your sibling to do the HFE and determine whether can she/he purchase over your share. For subletting only allow to rent out rooms if required for the first 5 years from key collection.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, this is considered transfer of ownership which you would need to seek HDB approval.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Yes, it is possible for you to "sell" your flat to your sibling, provided she's eligible to purchase under Single Scheme.

Upon the "sale", she will need to refund all CPF monies you had contributed to the flat, plus accrued interest. She will also need to serve the 5-year MOP of the flat, meaning she has to be physically staying there, and not locking 1 room.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More