Hi,
1) No matter it is private residential property or an HDB flat. Your grandchild has to be at or above 21 yrs old in order to inherit the property.
2) In your situation, since your grandchild inherit the part share in the HDB flat. The executor who is assigned to carry out your will might have to sell the HDB flat in order to distribute the sale proceed to your sole grandchild if the other owners agreed to this solution.
3) Otherwise, your grandchild can only able to register as owner when she reached the legal age of 21 yrs old if the other owner is still around.
4) She will not be able to be the sole owner of this HDB flat. If the other owners passed on, and she is still not married or reached 35 yrs old, the flat will have to be put up to sell in the open market.
5) It is best that you have clear instructions in your will to let the executor understand what is your wish if your grandchild has not reached 21 yrs old and after reached 21 yrs old. Particularly whether to sell or to keep the HDB flat so that there is no confusion at the end of the day.
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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If the beneficiary is below 21-years-old, HDB will not allow it. This is clearly stated under HDB's eligibility conditions as I have mentioned. However, I urge you to write to HDB. They are helpful and will suggest a solution around it.
Sincerely,
Mohamad Khalil
Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254
Website: www.khalilrealtor.com
Thank you for your clarity.
Since the beneficiary is currently below 21-years-old , the beneficiary is ineligible to retain the interest in the HDB flat from the deceased grandparent. HDB's eligibility conditions state that owners will need to be at least 21-years-old or above. You may refer to HDB's full eligibility conditions here: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/eligibility
Sincerely,
Mohamad Khalil
Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254
Website: www.khalilrealtor.com
maybe i did not clearly phrase my question. Let me rephrase.
A flat own by both grandparent is under Tenancy-in-common agreement. The grandparent has a Will that indicate that if they passed on, the interest of the flat will be pass on to this particular grandchild. One of the grandparent has passed on but the beneficiary aka the grandchild is less than 21 yrs old at the point of event. Thus my question here is, whether the interest in the flat from the deceased grandparent can be successfully pass on to the beneficiary.
Addtionally, if the another grandparent has also subsequently passed on, the interest of flat can also be successfully pass on to the beneficiary. Remember that the beneficiary is less than 21 yrs old at the time of event.
please advise