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Hi Martin,

You may need to work out the details with the lawyers in this scenario. Not sure the manner of holding. You and your 2nd elder sister were co-owners of the original flat together with the eldest sister and your parents?

If your parents are the owners of the current HDB flat and the 3 siblings were purely occupiers, then none of the siblings will get any share of the flat from the sale proceeds. It is up to your parents to decide on this.

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Hi, appreciate your sharing. It depends on private family whether the parents had set a will to share the funds or split evenly. By law, the sale proceed belong to the owners of the unit.
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Stewart-PropNex Read More

Hi Martin,

Technically speaking the sale proceeds will go to the legal owners. Since your names are already removed, legally speaking you will not be entitled to a share. Definitely the more practical way will be to have an internal family discussion on what is the fairest way to bring this forward. After all it is better to do so while the parents are still around, their say will have more weight and how they want to allocate their wealth is up to them. It will be more complicated to do the discussion if they are no longer around. Just my 2 cents since this is a private family issue.

Your sister can also consider to purchase on her own sole name if she is 35 years old and above and the finances are ready. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Hi,

Only the legal owner of the flat would be receiving the cash proceeds, and it does not involve occupier.

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

Hi Martin,

1) There is no mention of ownership in your query. Thus I can only give general advice.
2) I would assume that this flat is jointly owned by your parents.
3) If the current situation remained unchanged till both your parents passed on. Each of you will get an equal share of the sale proceeds upon selling.
4) Your eldest sister planned to change a flat and pay with part or whole of the sale proceeds by selling the current flat.
5) Legally, if your parents buy a flat with your sister, it will depend on how they determine their ownership.
6) If they are using the joint tenancy ownership, then the survivor takes all principal shall be applied.
7) If they are using the Tenancy-In-Common ownership, your parents' share can be will according to their wishes.

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Based on legal terms, you won't receive any share as you're not a co-owner.

You will need to discuss with your parents and your sisters if your parents and the elder sister are keen to purchase a flat together.

Alternatively, if your sister is 35 and above, she could find a HDB resale flat to purchase/ apply for BTO 2-rm flexi, that would make things cleaner. Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

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 ”

XXXXX The END XXXXXXX Read More