Good day Mr. Alan Koh,
I have just noticed that your queries were left unanswered for some time, I hope you were able to seek assistance directly from HDB and/or CPF since then.
If not, you may contact their hotlines directly for guidance on how to carry out this transaction within the family smoothly.
As a general guide, as long as your grandmother fulfils the Eligibility Check for Purchase of Resale flat, she may buy over your flat at your indicated price. The checklist is found here: http://services2.hdb.gov.sg/webapp/BP13EligCheck/BP13SHome?strSystem=CHECK
Please note that undervalued transactions such as yours may be voidable should you be declared bankrupt within 5 years. Also take note that if CPF was used in your HDB purchase, the CPF amount and interest have to be returned to your account and any shortfall have to be top-up with cash.
Please feel free to contact me should you require further assistance.
Thank you and have a pleasant week.
Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 822 50 212
Email: karrien.realty@yahoo.com
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