facebookCan a secondary joint owner of a HDB flat use her CPF to help pay for the flat? - Seedly

Ida

19 Mar 2020

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Property

Can a secondary joint owner of a HDB flat use her CPF to help pay for the flat?

I am 35 yo, single. I plan to buy a flat now & 2 years later, when my sis turns 35, I want to add her as a joint owner. Can my sister use her CPF monthly to pay for the flat after I add her as a joint owner?

Discussion (2)

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Teo See Hwa

19 Mar 2020

MArketing Associate at Propnex

Never do that. It will limit your choice later.

Hi, to be eligible for change in ownership, you have to qualify under 1 of these 7 eligibility conditions;

1) Divorce

2) Death

3) Marriage

4) Financial hardship

5) Wants to purchase another flat

6) Renounce of Singapore citizenship or SPR status

7) Medical reason

Based on the limited details you have given, I presume you don't qualify under any of the conditions.

My suggestion to you is to wait until she turns 35 and both of you can buy a resale flat under Joint Single Scheme. She can then use her CPF to pay for the monthly housing instalment.

If you really can't wait and need to buy now, you may appeal to HDB when your sister turns 35.

However, take note that it is based on a case by case basis and subject to approval.

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