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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.

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

Hi,

1. You can make an online change of ownership by removing your name simply by logging it to your My HDBPage here: https://services2.hdb.gov.sg/webapp/BB13EApplication/BB13SFlatTransferMain

a) Go under My Flat, Purchased Flat and then Transfer of Flat Ownership where you will need to fill in the names of the proposed owners and the withdrawing party (yourself). Do note, your brothers must be eligible to retain the HDB flat under any of HDB's schemes. It will take around 2 to 4 weeks for HDB to approve your application.

If you are unsure, you can go down to HDB's office.

Since it is fully paid and assuming you did not use your CPF, then there is no loan required. If a loan is required, your brothers must have the ability to finance your flat and must return your CPF amount used with accrued interest.

Fees payable would include:
- Administrative fees
- Stamp & registration fees^
- Conveyancing fees^
- Valuation Fee

If there is no outstanding mortgage and CPF refund required, your brothers are required to settle the following payments:
- Outstanding resale levy or sales premium
- Outstanding upgrading cost/ debts
- Other outstanding amounts to pay HDB

2. Refer to the step above. There is a form you have to fill up to determine the value based on two options:
a) Your flat valuation based on the recent market transaction for similar HDB flats in your area.
b) Based on the median price in your HDB estate.

Since you inherited the HDB flat and did not take any first-timer benefits, you will still be regarded as a first-timer. The applicable CPF Housing Grants still apply.

Hope this helps.

Sincerely,

Mohamad Khalil

Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254 
Website: www.khalilrealtor.com Read More

Hi,

1) Transfer of ownership (not through a sale) does not apply to your current situation.
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership

2) Thus in order for you to remove your name from the current HDB flat is to sell your share to your brother.
3) Your brother must meet the HDB eligibility scheme to keep the flat in the first place.
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/eligibility

4) To keep the story short, if he is single SC, he must be at least 35 or more to be eligible.
5) Next is he must be able to get enough loans from the HDB or a bank to buy over your share.
6) I would think the part selling is suitable for your situation.
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/resale-of-partshare

7) The selling procedures will be the same as though you are selling the whole unit. The instructions and guides are here:
https://www.hdb.gov.sg/residential/selling-a-flat/procedures/option-to-purchase

8) You are still entitled to 1st timer privilege in your BTO application. Once confirm your brother is able to take over your share. You may put up your BTO application right away.

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

Note:
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The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Shane,

1) The process as mentioned is as if you are selling the whole flat.
2) Pls refer to my earlier reply on the link.
3) The procedures are simplified as follows.
(a) You register intent to sell, wait for 7 days cooling period before issuing an OTP.
(b) Your brother registered intent to buy. If he needs a loan from the HDB, he must apply and received the HLE before the issuing of the OTP.
(c) Discuss and agree on the selling price.
(d) Your brother submit for valuation using the OTP issued.
(e) The HDB will provide the value of the flat.
(f) Once the value is out, your brother will have 21 days from the day of OTP issued to decide whether to exercise the OTP.
(g) Once exercised, both of you shall submit the resale application and follow the HDB instructions to complete the sale.

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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More