Asked by Sean Sekine
Hello, I am hoping to seek some wisdom as my situation is rather complex.
To summarise, I am a 23 y.o single male this year, with no concrete intentions to get married yet. My grandma's health has been declining as of late and will be leaving behind a HDB flat located in a prime area to her 3 children. Currently, all 3 of her children already own 5-RM HDB flats and are unwilling to sell their existing flat to downgrade to a much older 3-RM HDB flat despite it being in a prime location. Additionally, all of their children (my grandma's other grandchildren and my cousins) are younger than me, single and have no interest in taking over the flat as well.
As the HDB flat is located in a good location, I am keen on taking over the flat. However, to my understanding, I am unable to inherit it as I am not an immediate family member nor can I purchase it on the resale market as I am still below 35. Additionally, my grandma may only have a few more months to live, thus there is an element of urgency.
May I know what are my options if I still wish to take over the flat? All 3 of her children also wish to keep the flat within our family if possible and are thus supportive of me taking over it if possible.
To summarise, I am a 23 y.o single male this year, with no concrete intentions to get married yet. My grandma's health has been declining as of late and will be leaving behind a HDB flat located in a prime area to her 3 children. Currently, all 3 of her children already own 5-RM HDB flats and are unwilling to sell their existing flat to downgrade to a much older 3-RM HDB flat despite it being in a prime location. Additionally, all of their children (my grandma's other grandchildren and my cousins) are younger than me, single and have no interest in taking over the flat as well.
As the HDB flat is located in a good location, I am keen on taking over the flat. However, to my understanding, I am unable to inherit it as I am not an immediate family member nor can I purchase it on the resale market as I am still below 35. Additionally, my grandma may only have a few more months to live, thus there is an element of urgency.
May I know what are my options if I still wish to take over the flat? All 3 of her children also wish to keep the flat within our family if possible and are thus supportive of me taking over it if possible.
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