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Hi,

1) You can transfer your ownership to your wife provided her financial status is able to receive a sufficient loan amount.
This can be done without an agent. Suggest you use the E-service to liaise with HDB to assist you over this:
https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback&FB_Subject=E-Service&FB_EServiceID=E010034&FB_EServiceURL=https%3A%2F%2Fservices2.hdb.gov.sg%2Fwebapp%2FBB33RTIS%2FBB33PReslTrans.jsp

2) Upon transfer your ownership to your spouse, you are free from the count of property, assuming you do not have any other residential property.
3) If you are SC, you also free from paying ABSD when you purchase private residential property.

Hope the above answer to 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 strongly advise against taking this step.

Firstly, it may not be wise to include your Wife as a co-owner with your parents. We do not know what issues will come up in the future.

Secondly, should you do that, your Wife will need to serve a 5-year MOP for the flat, which means, you will need to wait for 5 years before being able to purchase your private property.

Based on your situation, there could be other avenues which you may explore. I will need to understand further to be able to give you a more appropriate recommendation.

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