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12-12-12, 21:58
Quoted frm hdb web:
A transfer of flat ownership refers to a change of flat ownership between family members. The change of ownership is without monetary consideration and is by way of gift on grounds of love and affection.
Who Can Apply for a Transfer of Flat Ownership?
As a flat owner, you may transfer your flat ownership to other family members, subject to the HDB eligibility schemes and eligibility criteria.
A maximum of 4 owners are allowed for each flat
If there are 2 or more flat owners, they can choose to own the HDB flat under joint tenancy or tenancy-in-common
Types of Transfer
The different types of transfers include:
Inclusion of co-owner(s) (e.g. A to A & B)
Deletion of existing co-owner(s) (e.g. A & B to A)
Substitution of co-owner(s) (e.g. A & B to A & C)
Outright transfer of owner(s) (e.g. A to B)
Relationship
A flat owner may transfer his flat ownership to his spouse, parents, children, siblings or other blood relatives eligible to be included.
Citizenship One of the proposed owners must be a Singapore Citizen. The others can be Singapore Permanent Residents (SPRs). The proposed flat owner(s) can be either a Singapore Citizen or a Singapore Permanent Resident (SPRs).
Age The proposed owner must be at least 21 years old.
Ownership of Private residential Property
(including HUDC flat and properties located in Singapore or overseas)
A current private property owner is allowed to take over the ownership of the flat only if :
The required occupation period of the flat is fulfilled (to exclude the sub-letting period or any non-occupation period of flat)
The private property owner continues to stay in the HDB flat upon transfer of flat ownership.
An ex-private property owner who has disposed of his/her private property will not be eligible to own a flat within 30 months from the date of disposal. However, he/she can still be included as an occupier. He/she would be eligible to become an owner or an essential occupier after the 30-month period has been fulfilled. For resale applications submitted before 30 August 2010
A private property owner is allowed to take over the ownership of the flat on the condition that he/she continues to stay in the HDB flat.
For resale applications submitted on or after 30 Aug 2010
A current private property owner is allowed to take over the ownership of the flat only if :
The required occupation period of the flat is fulfilled (to exclude the sub-letting period or any non-occupation period of flat)
The private property owner continues to stay in the HDB flat upon transfer of flat ownership
The 30 months debarment on a person who disposes of any private property prior to the inclusion is not applicable to the transfer of non-subsidised flat. However, a person who has disposed of his/her private property within 30 months before date of transfer application is not eligible for an HDB housing loan. If a loan is required, the proposed owner(s) may apply for a loan from the bank or financial institution licensed by the Monetary Authority of Singapore to provide housing loans.
Assessment of Income Assessment of income is required if the proposed owner is NOT an original occupier. Assessment of income is not required.
If the proposed owners wish to request for a written confirmation on their eligibility to take over an HDB flat by way of transfer, they can submit their request online.
A transfer of flat ownership refers to a change of flat ownership between family members. The change of ownership is without monetary consideration and is by way of gift on grounds of love and affection.
Who Can Apply for a Transfer of Flat Ownership?
As a flat owner, you may transfer your flat ownership to other family members, subject to the HDB eligibility schemes and eligibility criteria.
A maximum of 4 owners are allowed for each flat
If there are 2 or more flat owners, they can choose to own the HDB flat under joint tenancy or tenancy-in-common
Types of Transfer
The different types of transfers include:
Inclusion of co-owner(s) (e.g. A to A & B)
Deletion of existing co-owner(s) (e.g. A & B to A)
Substitution of co-owner(s) (e.g. A & B to A & C)
Outright transfer of owner(s) (e.g. A to B)
Relationship
A flat owner may transfer his flat ownership to his spouse, parents, children, siblings or other blood relatives eligible to be included.
Citizenship One of the proposed owners must be a Singapore Citizen. The others can be Singapore Permanent Residents (SPRs). The proposed flat owner(s) can be either a Singapore Citizen or a Singapore Permanent Resident (SPRs).
Age The proposed owner must be at least 21 years old.
Ownership of Private residential Property
(including HUDC flat and properties located in Singapore or overseas)
A current private property owner is allowed to take over the ownership of the flat only if :
The required occupation period of the flat is fulfilled (to exclude the sub-letting period or any non-occupation period of flat)
The private property owner continues to stay in the HDB flat upon transfer of flat ownership.
An ex-private property owner who has disposed of his/her private property will not be eligible to own a flat within 30 months from the date of disposal. However, he/she can still be included as an occupier. He/she would be eligible to become an owner or an essential occupier after the 30-month period has been fulfilled. For resale applications submitted before 30 August 2010
A private property owner is allowed to take over the ownership of the flat on the condition that he/she continues to stay in the HDB flat.
For resale applications submitted on or after 30 Aug 2010
A current private property owner is allowed to take over the ownership of the flat only if :
The required occupation period of the flat is fulfilled (to exclude the sub-letting period or any non-occupation period of flat)
The private property owner continues to stay in the HDB flat upon transfer of flat ownership
The 30 months debarment on a person who disposes of any private property prior to the inclusion is not applicable to the transfer of non-subsidised flat. However, a person who has disposed of his/her private property within 30 months before date of transfer application is not eligible for an HDB housing loan. If a loan is required, the proposed owner(s) may apply for a loan from the bank or financial institution licensed by the Monetary Authority of Singapore to provide housing loans.
Assessment of Income Assessment of income is required if the proposed owner is NOT an original occupier. Assessment of income is not required.
If the proposed owners wish to request for a written confirmation on their eligibility to take over an HDB flat by way of transfer, they can submit their request online.