Originally Posted by
limfc
Hi Archchon.... thanks for sharing the above link... and ermm... the above article may not be entirely true for HDB... no offense intended...
I was told by HDB officer that it is case by case scenario and it can be fairly complex... Good luck to those who are attempting this path...
It is fairly straightforward. If fully paid and MOP easier. My neighbour has done that before with loan pending.
Use HDB website to check for eligibility officially. They will then inform you by post whether eligible. Take letter down to the hdb branch with all co owners and a blank cheque (supposing CPF insufficient).
Pay a marginal sum (within a couple of hundreds) for stamp fees and get a print out of estimated sums involved for whole transaction.
Wait a couple more months for completion. Final letter would inform about the completion.
Better to do or not to do, this question leave it to you better.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.