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Hi,

1) The HDB has prohibit married couple to decoupling; i.e. selling shares to their spouse.
2) Therefore, your idea cannot work out.
3) I would suggest you to write to the HDB and approach for advices on what should you do with the current situation.
https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  or email: ling.ck7@gmail.com if more information is needed.
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Good day to you.

The Lease Buy Back scheme allows HDB owners aged 65 and older to sell back the remaining lease of at least 20 years to HDB, based on its current market value. Your intention to acquire your co-owner's share is relevant in cases such as divorce or death, hence currently not applicable. Please be aware that under the Lease Buy Back scheme, you will receive the funds only after fulfilling the CPF Minimum Sum. It is advisable to collaborate with the HDB officer on the specifics before proceeding with this option.

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This plan don't work outrightly, therefore you may wish to see if HDB is able to bend the policy to allow you to do the transfer or allow for lease buyback.

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Hi

HDB has disallowed transfer of ownership unless its due to financial hardship, divorce or demise of one owner. Since one of you is already at 65, you might want to write in to HDB to appeal about LBS application, they may exercise discretion based on your circumstances.

Do note once LBS is approved, the property is no longer to be considered under your legal ownership since it has been repurchased back by HDB, and thereafter you cannot legally "will" it to her. But according to HDB website, they may be able to exercise discretion to allow the spouse or child to continue staying in the flat, subject to eligibility conditions fulfilled.

https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/for-our-seniors/monetising-your-flat-for-retirement/lease-buyback-scheme

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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I’m Aren Goh from PropNex. Transferring ownership just to qualify for the Lease Buyback Scheme can be complicated. HDB has strict rules around ownership changes, and there may be stamp duties and approval needed. Also, a Will doesn’t override HDB’s regulations on ownership and eligibility.

It’s best to get professional legal advice to explore your options safely. If you want, I can connect you with a trusted property lawyer who can guide you through this. Just drop me a message at 9657 6701  . Read More

HI this is not possible as HDB does not allow decoupling.

HDB has strict regulation on lease-buyback which is why you will not be able to remove your wife's name just to be eligible for lease buyback.

For more information, please contact me at 8299 8262  . Read More

1. HDB does not allow married couples to decouple by selling shares to each other.
2. Hence, your plan won’t be feasible under current rules.
3. I recommend contacting HDB directly for guidance on your situation via this link: [https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback\&operation=createFeedback](https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback)
4. The Lease Buy Back scheme is for owners 65+ to sell remaining lease (min 20 years) back to HDB. It’s usually for cases like divorce or death, so it may not apply here.
5. Funds from Lease Buy Back are released only after CPF Minimum Sum is met; discuss details with HDB officer before proceeding.

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The short answer is no your plan would not be permissible.

However, depending on what your intention is, there are many other routes you can take that will simply be more financially efficient compared to doing what you described even if that were allowed.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.

Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More