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While a Joint Tenancy achieves the 'Right of Survivorship' you seek, the most cost-effective, legally sound, and simplest way to ensure you inherit the flat is for your father to execute a proper Will naming you as the beneficiary.

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Hi! There are some eligibility criteria you would need to fulfill to hold the flat. The legal fees would be minimal but you would incur very significant stamp duties as a result of the transfer.

If the purpose is for inheritance, a will could be a more straightforward and cheaper way you may wish to consider.

Feel free to reach out and I can share more about the considerations!

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

✔1 A joint tenancy provides the right of survivorship, meaning ownership automatically passes to the surviving co-owner.

✔2 However, the most straightforward and cost-efficient option is for your father to **make a valid Will** clearly naming you as the beneficiary of the flat.

✔3 This legal arrangement ensures your inheritance is properly documented and avoids complications later.

★ “Simplicity is the ultimate sophistication.” – Leonardo da Vinci ★
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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Hi

This involves the Transfer of Ownership process, and you can call up the HDB Branch managing your hdb flat to find out more. If HDB is able to approve this transfer, there will be some legal fees involved as they help you to facilitate the process. A fresh new 5 year MOP may be required since you are added as a new co-owner.

Setting up a valid Will is also another way, but the fees may be higher. You can consult both HDB branch and a private law firm respectively on which arrangement benefits your best.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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If the goal is simply to ensure the flat passes to you smoothly when your dad eventually isn’t around, adding you as a joint tenant is one route, but it isn’t the only one. Some families also consider a will route instead, since ownership transfer for HDB comes with checks and costs.

For your question:

Yes, there will usually be legal and admin fees when doing a transfer of ownership. Even though the flat is fully paid, HDB still needs to process the ownership change, and a conveyancing lawyer handles the paperwork. It’s not crazy expensive, but it’s not zero.

Timeline wise, assuming all eligibility is in order and nobody appeals or complicates things, the process normally takes a few months. It isn’t instant.

Things to note quietly in the background before going ahead:
• HDB will check eligibility (citizenship, family nucleus rules, etc)
• If you already own property, it could trigger ABSD if handled the wrong way
• A Transfer of Flat Ownership isn’t automatically approved just because both parties agree

Also worth thinking through whether joint tenancy is really the right structure given the long term. Once your name is on it, it affects future property planning. Read More

Is your dad the current sole owner or there is a joint owner to this property too? You can actually approach HDB for advise and as long as you are eligible to co-own this HDB as joint tenants with your dad, it can be arranged with some legal fees as it involves conveyancing works even if there is no money and cents involved in the transfer of ownership. Read More

Hi,

1) It will not any problem if you meet the eligibility conditions laid by the HDB.
2) There are 2 types of HDB shares transfer:
(a) By part-share selling (w/profit)
(b) By transferring to immediate family except to spouse. (w/o profit)

3) 2(a) is by selling the share of the flat under the current market value.
4) 2(b) is by transferring to only immediate family at cost, which is the receive party has to pay funds utilized for the flat with accrued interest.

5) There are certain fixed costs involved in both methods:
(a) Legal fees (both parties) in cash. You can use HDB or private legal service. HDB legal service is cheaper. Each party will incurred a few hundred dollars. The amount shall depends on the market value of the shares.
If using private legal, selling party will incurred $1.2k at least, buying party will incurred more than $2.2k.
(b) Buyer stamp duty. The buyer stamp duty is needed to pay to IRAS based on the market value of the transferred share. A few thousands in cash or CPF will be needed.
Assume the share value is $300k, the buyer stamp duty will be 4.2k.

6) Since this flat is under Joint-Tenancy, you as the only owner alive under this Joint-Tenancy do not need to incurr additional cost to receive 100% ownership of the flat. As the rule of right of survivorship under Joint-Tenancy will applied.
You just need to go to the HDB branch office to complete the ownership transfer at no cost.
7) Ensure you bring along all the document such as death certificate, NRIC, birth-certificate, etc. Check with the HDB on what are the document they need to complete the process.
8) There are no legal fees and no buyer stamp duty.
9) Just in case you feel that transferring of ownership now is the best option. You may refer to (2) ~ (5).
10) The whole process if no delay in between shall takes about 3 months to complete.
11) You may refer to here on the processes: https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership/application-procedure

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/

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✔1 A joint tenancy provides the right of survivorship, meaning ownership automatically passes to the surviving co-owner.

✔2 However, the most straightforward and cost-efficient option is for your father to **make a valid Will** clearly naming you as the beneficiary of the flat.

✔3 This legal arrangement ensures your inheritance is properly documented and avoids complications later.

★ “Simplicity is the ultimate sophistication.” – Leonardo da Vinci ★
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in 2025 , call , whatsapp me FOR BEST CHEAPEST, LOWEST PRICE: Read More

Hi, appreciate your sharing. Able to check with law firm on the issue.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

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