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I'm single 37 years old still staying with my parents in 4 room hdb flat in Sembawang.All my siblings are married and they own hdb flat.My dad is retiring and my mum is a housewife.What happens to the the hdb flat if both my parents passed on?
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4 Answers

Morning,

If they do not have a WILL, all the child will get an equal share of the unit once the grant of probate have being attain to sell the unit. If there's a WILL, things will be much easier.

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

If your parents are the flat owners, they may transfer the flat ownership to you under JOINT TENANCY.

In joint-tenancy, there is a right of survivorship, which means that upon the death of a joint-tenant, his/her interest in the flat will automatically be passed to the remaining co-owner(s), regardless of whether the deceased has left behind a Will.

If your parents did not transfer the flat ownership to you & have passed away without a Will, then the flat has to sell & money will be split accordingly.

Thank you.

SK Wong (CEA No.: R010639B)
PropNex Realty Pte Ltd
HP: 81029490 
Email: skwong@propnex.com Read More
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Hi

Thanks your question.

You need to have a Will in order to have the manner of ownership.

Regards
Ally Chin
Associate Team Director
Propnex Realty P/L
CEA No. R010439Z
M: 81122213 
E: cwsally@yahoo.com Read More
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