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Good morning,

You can approach your HDB branch office to do a transfer of ownership.

First and foremost, you must be eligible under single singapore citizen scheme to own the HDB by yourself.

Secondly you must have enough funds to refund the CPF OA funds that your parents had utilised and have the financial ability to take on a loan if necessary.

Hope my sharing is beneficial to your intention.

May I know how can I continue to value add in your parents' property purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
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Hi,

A transfer of ownership is required and you can enquire about whether its feasible at the branch office.

Firstly you need to be eligible under the single Singapore citizen scheme to take over (need to be 35 and above). Next you also must have enough funds to refund the cpf OA that the outgoing owners (parents) have utilized and be able to finance the property on your sole name. Thanks and hope to assist with your housing plans further.

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

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(Client's Testimonials) Read More

Morning,

Firstly, you need to be SC above age of 35 in order to be eligible for the purchase. Then you will need to obtain mortgage loan to facilitate the purchase. Lastly, approach HDB for part purchase of your parent's share of the unit. When that is done, your parents can start to hunt for their resale flat. They will be entitled for proximity housing grant. However, they will also need to understand their financial standing.

Do contact me further for detail discussion.

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

Hi,

Re: Our Preferred Experienced SG Professional

Firstly you need to be 35, and obtain HLE loan or bank able to match your parent housing value that all. If you unable to fulfill the loan required, you need to have the min amount to repay your parent CPF with interests.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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

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