Re HDB Ownership

HDB Ownership Article By: PracticeForte Advisory Affiliate Ong Ying Ping  Q: My parents and I are co-owners of a HDB flat under joint tenancy. We would like to change the holding type to tenancy-in-common, as well as increase my proportion of shares. Is this allowed? How do we go about it?A: Yes. If there are two or more co-owners or a HDB flat, you may change the holding type of your flat – either from joint tenancy to tenancy-in-common, or vice versa.Once you are holding the flat under tenancy-in-common, the proportion of shares held by each co-owner can be changed. This can be done without monetary consideration. In the re-distribution of proportion of shares, the total must add up to…

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