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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