HDB FLAT
Any thing below 5-years (Maturity) = Transfer
Any thing Above 5-years = SALE
Difference between the two is that in a Sale, if there's a profit, it'll be split 50/50 (depending on your arrangements with your ex-spouse), eg. Husband takes over he gets ZERO cash returns (cos' he's taking over), while Wife gets 50% in Cash.
In a Transfer, there is No Cash returns, every thing goes back to CPF (becos' its a transfer)
I've made an enquiry at HDB itself and found out about this from a very nice
indian lady.