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Hi investor,

It would be considered as a resale of part-share by your parents and you, and they'd have to pay back the CPF sum that you have utilised, together with accrued interest; if there are sufficient funds in their CPF OA, it shouldn't be an issue.

Feel free to contact me at your convenience, and I can do a thorough assessment for you.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good afternoon,

I have attached a link taken from HDB website. You need to seek approval from HDB to withdraw your name from the ownerhip.

Yes your parents have to refund whatever CPF OA funds you had utilised in the flat either in cash, CPF or loan.

Hope my sharing is beneficial to your property needs.

May I know how can I continue to value add in your property purchase?

http://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/changing-owners-occupiers/transfer-of-flat-ownership

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Hi,

You need to get approval from HDB to do this transfer of ownership. Once obtained, your parents need to return the cpf utilized and accrued interest used by you for this current flat. They must be able to finance the property on their names thereafter. Thanks and hope to value-add to your housing plans further and understand your requirements.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,

Re: Our Preferred Experienced SG Professional

Pls walk in to HDB branch to obtain professional consultation accordingly.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi Sir/Mdm,

You may want to check whether your parents have sufficient funds for the CPF plus accrued interests that you have used for the flat. If there is no issues with the finances, then you may apply to HDB for the transfer.

Please feel free to contact me so that I can guide and assist you through the process.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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