What happens to HDB after divorce?

What happens to HDB if you divorce?

You and your spouse are free to mutually agree on what should happen to the HDB flat after divorce. … Alternatively, both of you may decide to sell the flat and split the sale proceeds in a certain proportion. Your decision on the HDB flat will be recorded in a court judgment during an ancillary matters hearing.

How long can I keep my HDB flat after divorce?

How long do you have to sell your HDB flat after divorce? Most people sell their HDB flat within 12 months after the divorce. An uncontested divorce in Singapore takes approximately 4 to 5 months to complete. Hence, from the time you sign the divorce papers, you will have about 16 to 17 months to sell your HDB flat.

Can I keep my HDB flat after divorce?

Upon divorce, the Court may grant an order for either party to the divorce to take over the matrimonial flat. This party must meet the eligibility conditions to take over ownership of the flat. … HDB will not accept applications for an ownership change if the divorce has yet to be finalised.

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Will I lose my house if I get divorced?

Marital property is defined as the assets you or your spouse acquired during your marriage. … Generally, only marital property is subject to equitable distribution, and since houses are usually considered marital property, you are at risk of losing your house in a divorce.

What happens to my house if I get divorced?

When the court grants a divorce, property will be divided equitably (not always equally) between the two spouses. This is decided under the Equitable Distribution Law. During the divorce both spouses have to tell the court about their income and any debts they owe.

Can I buy another HDB after divorce?

In 2018, the Housing and Development Board (HDB) removed a 3-year time-bar for divorcees to purchase a HDB flat. This simply means divorced persons no longer have to wait 3 years to buy an HDB flat after their divorce.

Is my ex wife entitled to half my house?

Legally speaking, an ex cannot force you from the family home to sell up. Changing the locks and other such activities are unacceptable as you both have the legal right to remain in the property until a decision has been made. … No single party in a divorce is entitled to 50% of all assets, including the family home.

How do I transfer my HDB ownership after divorce?

Current flat owners may need to change the ownership status of their flat, due to a change in their family circumstances, such as divorce, marriage or demise of an owner. To effect the change, they will need to apply for a change in flat ownership (not through a sale), where there is no monetary consideration.

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Can you remarry the same person after divorce in Singapore?

Can I Remarry My Ex-Spouse? There is no law in Singapore that states you cannot remarry your ex-spouse under civil law.

What can you not do during a divorce?

What Not To Do During Divorce

  1. Never Act Out Of Spite. You may feel the impulse to use the court system to get back at your spouse. …
  2. Never Ignore Your Children. …
  3. Never Use Kids As Pawns. …
  4. Never Give In To Anger. …
  5. Never Expect To Get Everything. …
  6. Never Fight Every Fight. …
  7. Never Try To Hide Money. …
  8. Never Compare Divorces.