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Hi Alan,

For you to withdraw your name from the HDB that you co-owned with your mother, you must refund to CPF+Accured Interest on the amount that you had paid towards the property.

Your mother will be the eventual sole owner of this HDB flat, and she can either use her CPF monies (if any), or using CASH to repay this amount.

This amount will then be refunded back to your CPF-OA, and you can use it to pay for your new HDB flat.

You cannot have an interest in 2 HDB flats, in this case, having your CPF funds in both the flats.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to understand more on your case and provide the best possible solutions for you.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear BTO Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Since the BTO, you can loan up to 90%. You and your spouse shall have no issues to pay the 10% using CPF.

Sometimes, it really simple if you can use cash to payback your CPF used for the existing flat to enable your mum wholly ownership regardless her status is housewife.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

Singapore Professional Networks “SGProfessional.com”-

I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More

Hi Alan,

Unfortunately with current policies, if your mum is not employed and can't take a loan, you have to use cash in this case to remove yourself from the ownership of the hdb, to refund the cpf utilized+accrued interest back to your account.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More

Morning,

For the transfer of ownership, your mother would be the intended party to buy over your share on the unit. Hence she will need to obtain mortgage from Bank or HDB loan which is currently not possible or both of you have to prepare cash for it.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More