AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am owning a HDB flat for 9 years under Sibling scheme with my sister (we were both PR when we purchase the flat).

I have recently converted my citizenship to Singaporean. However, my sister can no longer retained her PR status. At the same time, I am getting married and will be leaving with my husband (who is already owning a HDB flat).

As my sister is leaving overseas now and will not be able to travel to Singapore anytime soon, what are the options that I have in order to release the flat:-

a) wait till I'm 35 (next year), transfer the flat to me as single ownership and resell it? OR

b) Obtained POA from overseas and apply for resale now?

Thanks
0 •
3877 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Johnny Goh Mui Huat
Replied
Hi Suet Ting,

One problem that you may face if you want to transfer the ownership to you is that you may need to top up whatever amount of CPF that our sister had used for the flat. If your sister had use $30,000 of CPF, you need top this amount to her account in CPF or cash.

Therefore, I strongly advise you to sell your flat now. It will be better to do the POA locally if she had not left Singapore. Charges should be less than $300 if she does it here, the lawyer just need 1 day to prepare the document.

Hope I had answered your query.

Feel free to contact me if you required any assistance.

Johnny Goh
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
0
Upvote Upvoted
  • SC
    Replied
    Thanks for the response. She has already left Singapore now. I was told by HDB that even though there is a POA, she will still needs to be present (in SG) during the resale application process to sign the doc.

    Subsequently with the POA, the 1st & 2nd appointment, I can sign on her behalf. Am I right?

    I'm not particularly concerned about paying the amount that my sis had contributed in her CPF because I'm the sole contributor at the very beginning. All deduction are from my CPF alone as she is self employed. Hence, no CPF.

    Thanks
Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"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 )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ” Read More
1
Upvote Upvoted
Able S.K Toh
Replied
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"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 )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ” Read More
1
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions