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Good evening,

Your parents are married and considered as a family nucleus/ single entity so his name has to be added into existing house. As both of them not young anymore, they must be financially capable to take over the loan and refund back your CPF OA funds utilised if any.

If they are able to do so which means you can withdraw your name too, you can purchase a resale HDB with your partner. Care to share what's the race stated on your nric?

There's pro and cons about mixed race, you are able to purchase a resale flat with ethnic quota issue cheaper than chinese eligible units but having said that and you have the same sentiments, it might be tough to sell in future.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) You have the advantage of selecting which race is at your advantage to buy. But just need to remember you have to stick to that when comes to selling. Unless your race is fixed at your NRIC.
2) If your mum is SC, she can keep it under sole owner.
3) The only concern is whether she has the financial capacity to buy over your share. Otherwise, you have to sell your share to your dad instead.
4) The one taking over must be able to have the financial means to takeover. This is also known as part-sale.

5) You may approach HDB for assistance when coming to this because this is handled solely by the HDB only:
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/resale-of-partshare

6) You can also raise this concern to your HDB branch, they will be able to assist.

Hope the above answer your main concerns, but if there are more query, 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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