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Originally Posted by HighLife
Hi,
Bigsexy told me abt your problem.
Helped you to do some check with my old friends at HDB.
The ownership is not always 50/50, depending on the ownership scheme...think there are various types, not sure of yours.
Assuming your ex-husband wanna take over the flat, you can either transfer your share or sell your share to him. Transfer normally does not involves cash, as in your ex-husband has to put the money into your CPF account while selling will involve cash.
But the best is to check with the Branch Office where your flat belong. Give them your address and they will assess your details on your flat, advise on the options and explain in details the difference between selling & transfer.
Hope the above helps. Thanks.
HighLife
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Thanks for the info. I am checking with HDB on Thursday actually but thought it'll be good to post it up for every on to read.
I understand what you mean when you say "the flat is not always 50-50" becos of the contributions by both parties. yes he paid more n and paid lesser. but thats not my concern cos' we have no arguements actually and we are both on mutual agreement on what ever the outcome of the hdb flat.
my main concern is, is it considered SELLING or TrANSFER. This one really puzzles me alot. And yes you are right actually. Selling concerns MONEY, whereas TRANSFER doesn't concern any. But who is in the losing end ?
Anyway, thanks. HighLife ha indeed contacted me, thank you both
We have no knowledge on HDB matters ( if you pop in hdb.gov.sg , its even more vague , most "important" questions are usually not answered in the website and you'll have to go down HDB ), i think eventually we're going to settle for "Selling", cos' we're both DEAD BROKE, transfer will usually mean he has to come up with the extra money to top up my CPF, selling will mean there will be some hard cash $) coming from HDB. I believe this is where HDB will have to split it up 50-50 (this was our argreement)