If I am declared bankrupt, will I be forced to sell the joint HDB flat? How will my family be affected?

Answer :

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    answered on 31/12/2016

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    If you or any of the joint owners of the HDB flat are Singaporean citizens, you will not be required to sell the joint HDB flat under s 51(5) of the Housing and Development Act. However, this is subject to certain exceptions, such as where the mortgage payments on the house are still outstanding, or the Housing Development Board compulsorily acquires the property. See http://www.hdb.gov.sg/cs/infoweb/business/estate-agents--salespersons/selling-a-flat/bankruptcy-divorce-or-death-undone-page for more information.

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