Asked by Anonymous
Name Transfer
We intend to sell our condo under me and my wife's names and apply for a BTO (downgrading). But we do not want it to end up renting a house during the 30-month wait time.
In this case is it possible to transfer the condo under our child's name now, and stay in current condo for 30 months, and then apply for BTO?
If possible, the CPF used for condo will be refunded to child's account or our accounts?
Thanks for the advice.
We intend to sell our condo under me and my wife's names and apply for a BTO (downgrading). But we do not want it to end up renting a house during the 30-month wait time.
In this case is it possible to transfer the condo under our child's name now, and stay in current condo for 30 months, and then apply for BTO?
If possible, the CPF used for condo will be refunded to child's account or our accounts?
Thanks for the advice.
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