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My fiance already has a HDB flat at hougang which he own with his mum. His two other brothers are staying with them. My questions are 1) is it possible for me to buy a hdb and co-owner will be my fiance and 2) can my fiance's mum be the only owner to the hdb flat.

My fiance's concern is that he has used more than half of his cpf to help pay for the hdb flat and he is reluctant to simply change the ownership to his brothers who are still studying at the universities.

Appreciate wise advice from any of you.Thank you
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1 Answer

Afternoon Ella,

For both of you to purchase a HDB unit, your fiance need to have his name removed from the existing unit. By doing so, his mother will have to pay up the amount of CPF + Interest which your fiance had paid for.
Other way is for your fiance's brother to purchase the unit from him, by doing a valuation report and purchase it with your mother-in-law. This will implicate finanicing and income status will be the main determining factor.

FYI
Mike Lim
 96929209 
ERA Read More
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