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My parents bought a HDB flat 15 years ago, i was asked to be included into the flat 12 years ago to assist with the payment. My mum has since passed away, leaving my dad and myself as co-owners.
My dad is looking at purchasing a studio apartment so that he can have accessed to his CPF money which was locked up due to this current flat. Is there a possibility of me getting a new flat?
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3 Answers

GAN ENG JOO ONASSIS
Hi Noel Teo,

Re: Our Preferred Experienced SG Realtor

You can process to apply for a new flat, on the condition no existing bank loan or your dad able to service the existing loan upon you removed your name.

If your dad wanna to access his CPF money, he have to sell his flat to you or hdb whereby you will be the owner. Cannot get new flat. It still depend on your decision.

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Hi,

If he intends to get a studio apartment, he needs to sell away or transfer his share in this current hdb to you. For you to get a new flat, it is possible but you are required to sell the flat when the BTO is ready. Resale levy may apply also. Thanks and hope to understand your housing plans and discuss further.

Warm regards
Ivan ERA
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Ivanng10@gmail.com
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YT Tan (陈永达)
Good evening Noel,

As long as you have fulfilled your minimum occupation period, both of you can go ahead and apply for BTOs.

Do take note that you have to sell off the current unit within 6 months when the first party (either your dad or you) obtains the keys to the BTO.

Hope my explanation helps!

Probably you can share more information so I will be in a better position to advise you. Cheers!

If you need any assistance or advice in your property sale, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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