4 Answers

YT Tan (陈永达)
Good morning,

If you are referring to removal of your name from your property, as you highlighted, the staying owners will have the financial capability to take on loan and return your CPF OA funds.

While if you are referring to property sale, I don't foresee much issue in selling but the other 2 owners might have to find an alternate accommodation thereafter.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes there is an issue for your share to be taken out as the other co owners do not have sufficient fund to buy over yours. So the only option will be to sell it away and it would required all the owners to agree.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Dear Sir/Mdm,

As long as all the 3 owners are agreeable to sell then it shouldn't be an issue. However the owners who are discharged bankrupts may have issues taking up a loan to buy another unit.

I have assisted my clients who are in similar situations. Please feel free to contact me so that I can understand your situation and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

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0
Hi,

1) I sensed your dilemma over such a situation especially if the other 2 owners are your immediate family.
2) If you still have a good relationship with them, my suggestion is to sell the current flat and put them as occupiers under your new purchase.
3) The sale proceeds of the current flat might be sufficient for them to apply for a 2-rm Flexi if they are eligible for it.
4) And you and your boyfriend can own the new purchase.
5) All this shall depend on how much your current flat is worth.
6) You may take a look at the median transacted price in your estate and see whether this solution is feasible:
https://www.hdb.gov.sg/cs/infoweb/-/media/doc/PressReleases/22012021-AnnexC.pdf
7) You can also refer to this link to see how much a 2-rm Flexi flat will cost:
https://homes.hdb.gov.sg/home/landing

Hope the above answer to 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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