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Hi,

Yes you are right and the other surviving owner gets the sole ownership of the flat under a Joint Tenancy scheme.

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

Hi,

Yes he needs to fulfil the HDB criteria at the point of inheritance to be eligible to keep the flat. Even if you include him as a co-owner under Tenancy-In-Common (joint tenancy is for married couple), he still needs to fulfil the eligibility at the point when you pass on, and HDB will be the authority to determine whether he fulfils the eligibility to keep the flat, so its not a 100% guarantee.

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.

Warm Regards,

Ivan Ng Realtor
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Hi,

1) Your grandson would have to meet the eligibility set by the HDB when the flat is left to him alone in both methods.
2) Thus you have considered the methods based on the cost.
3) Both methods will also ensure the flat is only inherited by him.
4) You have to ensure that your beneficiary of your CPF account is changed to your grandson as well.

Hope the above answer your main concerns, but if there are more query, 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

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