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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it is possible and you may like to contact HDB for further confirmation.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Victor,

Please check with HDB for the approval.

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!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

This may be possible, but may I know what's the reason for doing so? Because if it's for loan purpose, you may not be able to secure a loan due to your father's status.

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

Hi Victor,

1) I understand the flat is fully paid.
2) Adding a co-owner to a property is either via gift or part-share purchase/sale.
3) Both will incur the same amount of stamp duty and legal fees.
4) If it is by way of gift, the property must satisfy certain conditions:
(a) There must not be any outstanding loan.
(b) The property must be paid using cash only.
(c) If CPF is being utilized. The amount of CPF used must be returned to the OA with the accrued interest.

5) If it is by way of part-share purchase/sale. The new co-owner must have the financial capacity to take over. He may take a loan to cover the share from either the bank or the HDB if eligible.
6) Your father's intention was for you to take over the flat without any dispute.
Although this is one of the ways without much hassle, this could be a higher cost compared to setting up a will.
7) Of course, a will is subject to challenge which might induce higher costs if this is going to be challenged in court.

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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to WhatsApp or email us directly. Read More

Hi Victor,

1) I understand the flat is fully paid.
2) Adding a co-owner to a property is either via gift or part-share purchase/sale.
3) Both will incur the same amount of stamp duty and legal fees.
4) If it is by way of gift, the property must satisfy certain conditions:
(a) There must not be any outstanding loan.
(b) The property must be paid using cash only.
(c) If CPF is being utilized. The amount of CPF used must be returned to the OA with the accrued interest.

5) If it is by way of part-share purchase/sale. The new co-owner must have the financial capacity to take over. He may take a loan to cover the share from either the bank or the HDB if eligible.
6) Your father's intention was for you to take over the flat without any dispute.
Although this is one of the ways without much hassle, this could be a higher cost compared to setting up a will.
7) Of course, a will is subject to challenge which might induce higher costs if this is going to be challenged in court.
8) If you are going through the part-share purchase/sale route. The money returned to the CPF account shall be fine even though he is an undischarged bankrupt. But the cash proceeds might be clawed by the creditor.

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
9011....
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to WhatsApp or email us directly. Read More