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Good afternoon,

Yes if your mum is widowed, it is possible to keep the HDB under her sole name. However the challenge would be she has to refund the CPF utilized + accrued interest both you and your wife have utilized for the property, which could mean a substantial sum that you guys have to come up with if the financing of the HDB was done by you guys all along. Furthermore she can no longer take much home loan if she is not working and above 65 years old. The relevant buyer stamp duties also are applicable to buy over your ownership shares. If both you and your wife are open to using cash to refund your own CPF utilized, it may still be a possible option.

I am contactable at 97432395  for further discussion. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng Realtor
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Dear sir/mdm,

Thank you for your post. Is your dad still around? Is your current HDB financed using any CPF? If you have utilised CPF funds for this property, then your mum will need to have the financial means to refund the amount of CPF funds used plus the accrued interest back into your CPF account for such an arrangement.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Geryl Lim
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Hi,

1) This is possible.
2) There are some issues you have to settle before you could withdraw your name from the HDB flat.
(a) CPF funds: You will have to return the funds utilized from the CPF on this HDB flat if applicable.
(b) Gift or sale: You have to decide whether this is selling part share or preparing to give your share free to your mother.
(c) Stamp duty: The stamp duty is the same amount no matter whether this is a selling of part share or as a gift. The amount is determined by the formal valuation of the share value.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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.
I'll be glad to assist.

Best regards
Ling CK
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