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Hi,

1) You will have to do a part-sale in order to include you as a co-owner.
2) You will have to consider the following before committing:
(a) You have to fulfill the 5yrs MOP from the date you sign the S&P. It means that you can only apply for BTO after completing the MOP.
(b) The commitment is the same whether you are buying the whole unit or part of the unit.
(c) You may use your CPF and/or cash for this purchase. You are also subject to buyer stamp duty.
(d) You will need a lawyer to complete this process. You may engage the HDB lawyer for this.
(e) If you are

3) You have to consider how you and your father going to hold this HDB flat, whether using the Joint-Tenancy or Tenancy-In-Common.
(a) Joint Tenancy: equal share for all owners, survivor takes all applied, the owner cannot will it to anyone but only leave his share to the survivor.
(b) Tenancy-In-Common: The owner can will his share to anyone, not necessarily equal share, the survivor can only co-share with the beneficiary of the inheritance.

4) You may contact your HDB branch office for the processes.

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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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you may like to consult the HDB branch office on this matter.

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

Dear Lord King,

What are your concerns in this scenario and what type of advise are you looking out for? As what Ling CK has indicated, you will be required to observe a 5 years minimum occupation period the moment you sign on the S&P to take over as a co-owner of the property in order to utilise your CPF to make the monthly payments. On the other hand, if you are assisting the monthly payments through cash, you can avoid adding your name into the property as co-owner and will not need to fulfil the MOP obligation.

Let's talk more to find out what you have in mind or plan to do instead.

I have been in the real estate business since 2009, with more than 13 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 9,400 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
Associate Group Director
Salesperson Registration No. R014783H
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
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

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

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Hi,

Perhaps you could share the reasons for doing so? And if there's another way which you can explore?

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More