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Good day to you.

You can reach out to HDB to request an appeal, but there are several challenges that I perceive:
1) The HFE was launched in May 2023. Therefore, you and your brother have not yet completed your MOP.
2) The Joint Single scheme is available for Singapore citizens who are 35 years or older and are either single or divorced, or who are 21 years or older and are widowed or orphaned. I am assuming you belong to the first category. Is your sister 35 years or older?
3) If your sister meets the requirements for the HDB Joint Single scheme, does she have the financial ability to secure a sufficient loan to take over your portion of the unit, which includes the loan, CPF OA, accrued interest, as well as legal and stamp duty fees?

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Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Happy to work out the finances and policy implications for you. There are a few things you need to note such as CPF accrued interest, MOP periods, marital status, ages, flat eligibility so on and so forth.

Drop me a whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi,
Have you spoken to any banker?
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Have you already met your minimum occupation period of 5 years? If you have not, then it could be unlikely for your sister to buy over your share. Otherwise you will need to appeal for HDB to allow for the buy over if your sister meets the eligibility to do so.

The financing aspects needs to be looked into as she will also need to be eligible to take up a loan to finance the buy over, and subsequently whatever amount of funds you have utilised via CPF for this property, this amount needs to be refunded back into your CPF account plus the accrued interest. Good morning sir/mdm,

Sorry to hear about your loss. Assuming that HDB allows you to retain this HDB flat under such circumstances.

Buyer’s Stamp Duty (BSD) is applicable even if the transfer is not through a sale but via inheritance with renunciation by other beneficiaries.

The IRAS treats the transfer of a deceased's residential property to a beneficiary as dutiable only if:

The transfer is not solely under a will or the Intestate Succession Act, and

Some beneficiaries renounce or transfer their entitlement to another for consideration (even if no money changes hands).

Since you’re taking over full ownership and your siblings are renouncing their share, BSD will apply on the entire market value of the flat (or the part you’re inheriting from your siblings).

ABSD will also apply because you already own a private property and are not disposing it.

As a Singapore Citizen, your second residential property attracts ABSD of 20% (as of the latest rates in effect from 27 April 2023).

Since you are not selling your private property, this HDB flat will count as an additional property, triggering ABSD.

Special Note:

If all 3 children were to inherit the flat jointly without renunciation, no ABSD would apply as it’s inheritance under the Intestate Succession Act.
But since only you are taking over the entire flat and others are renouncing, IRAS will treat it as a transaction, not a pure inheritance, hence BSD and ABSD apply.

Hope the above helps!

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Est Read More

Have you already met your minimum occupation period of 5 years? If you have not, then it could be unlikely for your sister to buy over your share. Otherwise you will need to appeal for HDB to allow for the buy over if your sister meets the eligibility to do so.

The financing aspects needs to be looked into as she will also need to be eligible to take up a loan to finance the buy over, and subsequently whatever amount of funds you have utilised via CPF for this property, this amount needs to be refunded back into your CPF account plus the accrued interest. Good morning sir/mdm,

Sorry to hear about your loss. Assuming that HDB allows you to retain this HDB flat under such circumstances.

Buyer’s Stamp Duty (BSD) is applicable even if the transfer is not through a sale but via inheritance with renunciation by other beneficiaries.

The IRAS treats the transfer of a deceased's residential property to a beneficiary as dutiable only if:

The transfer is not solely under a will or the Intestate Succession Act, and

Some beneficiaries renounce or transfer their entitlement to another for consideration (even if no money changes hands).

Since you’re taking over full ownership and your siblings are renouncing their share, BSD will apply on the entire market value of the flat (or the part you’re inheriting from your siblings).

ABSD will also apply because you already own a private property and are not disposing it.

As a Singapore Citizen, your second residential property attracts ABSD of 20% (as of the latest rates in effect from 27 April 2023).

Since you are not selling your private property, this HDB flat will count as an additional property, triggering ABSD.

Special Note:

If all 3 children were to inherit the flat jointly without renunciation, no ABSD would apply as it’s inheritance under the Intestate Succession Act.
But since only you are taking over the entire flat and others are renouncing, IRAS will treat it as a transaction, not a pure inheritance, hence BSD and ABSD apply.

Hope the above helps!

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Est Read More

Hi,

1) You have to complete your MOP before allowed to do part-share selling, i.e. removed and insert name.
2) Your sister must meet the HDB eligibility to take over your share.
3) The above is the administration portion. You have to approach HDB for help.

4) For the financial portion:
(a) What is the ownership of the current flat? Tenancy-in-common or Joint-Tenancy?
(b) Tenancy-in-common means you and your brother has a clear percentage of shares in the HDB flat, e.g. 30/70, etc.
(c) Joint-Tenancy means that eah owned equal amount of shares; 50/50.
(d) You can sell your shares in market rate or at cost.
(e) When selling at cost, means that your sister has to return all CPF utilized + accrued interest & takeover the outstanding loan owned by you.
(f) She can get the funds from the loan.

5) If (1) & (2) have passed. Your sister has to apply for an HFE and state that this is for part-share purchase.
6) Complete the sales according to the instructions list out by the HDB. You will be free to buy your own flat with your spouse.

All The Best!!!

Hope the above answers 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
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

Note:
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Hi there, congrats on your upcoming wedding!

Based on what you shared, it sounds like you’re planning to remove your name from the flat ownership and have your sister take over your share. This can be done via a part-sale or transfer of ownership, but it’ll depend on HDB’s eligibility checks (like whether your sister qualifies to co-own, her income, and citizenship).

Here are the key points:
1. CPF Refund
When you give up ownership, CPF will require a refund of your used CPF (approx. $77k + accrued interest). This amount usually comes from the person taking over—so in this case, your sister can use her $56k in OA and possibly top up the rest with cash or another financing method (e.g., bank loan if allowed).
2. You can’t just offset it internally
CPF doesn’t allow “offsetting” from one sibling to another without a sale. A formal transaction needs to happen, and funds must flow through CPF channels.
3. Legal Process
You’ll need a lawyer for the conveyancing. HDB must approve the transfer first. Then CPF, and potentially a loan provider if there’s a shortfall.

You’ve got a few moving parts here. Best to sort this out early so it won’t affect your future flat application as a married couple.

If you’d like help reviewing your numbers or want someone to walk you through the steps with HDB/CPF, just drop me a message.

Aren Goh | PropNex | 96576701  Read More

1. You may contact HDB to request an appeal, but there are some hurdles to consider: since the HFE was introduced in May 2023, neither you nor your brother have completed your Minimum Occupation Period (MOP) yet.
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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2. The Joint Single scheme applies to Singapore citizens aged 35 and above who are single or divorced, or those 21 and above who are widowed or orphaned. I’m assuming you fit the first group—how about your sister?

3. If your sister qualifies under the scheme, does she have the financial means to take over your share? This includes managing the outstanding loan, CPF withdrawals, accrued interest, plus legal and stamp duty costs.

“Challenges are what make life interesting; overcoming them is what makes life meaningful Read More

If you are removing your name from the house, your CPF plus accrued interest will have to be refunded into cpf.

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