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Hi,

1) You are allowed to withdraw your name from the current flat since occupiers + your sister able to form a family nucleus.
2) But you have to meet the 5 years MOP before doing so.
3) Since your sister is the only owner, her income must be sufficient to get enough loan for your share.
4) Even if you decided to let it go without earning any profit, she has to get enough loan to pay your CPF + accrued interest back to the CPF board.
5) You may check out this website for more detail:
https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/change-in-flat-ownership
6) In fact, this is known as part-sales and just a withdrawal of name.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

Yes, you can. As long as your parents remain as the essential occupiers, your Sister will be able to hold onto the flat and own it fully.

However, in order for you to exit your ownership from this flat, your Sister will have to refund all the CPF monies that you had paid towards this flat, plus accrued interest back into your CPF-OA. If the property is still under loan, she will need to have the capability to undertake the balance loan too.

Do take note that in the event of a transfer, stamp duties are payable.

In terms of your new HDB flat purchase, which I assume you're referring to BTO, both you and your spouse will need to meet all the various eligibility conditions under the various schemes, like Citizenship status, combined monthly household income etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More