If I sell my inherited HDB, where does the money go

When you sell an inherited HDB flat in Singapore, the sale proceeds will go to the legal beneficiaries of the estate, as determined by the Will (if any) or Singapore’s intestacy laws. Typically, these are the persons legally entitled to inherit the deceased owner’s assets—commonly immediate family like spouse, children, or other named individuals.

Key steps and details:
- If you inherited the HDB as the sole legal beneficiary, the sale proceeds are paid directly to you after all outstanding loans, legal fees, and relevant stamp duties (such as Seller’s Stamp Duty, if applicable) are settled.
- If the HDB is inherited by multiple beneficiaries, the proceeds are distributed among them according to the percentage of interest each holds, as specified in the Will or by law.
- The funds are first deposited into the estate’s account managed by the executor or administrator, then distributed to each beneficiary.
- You are not required to pay Additional Buyer’s Stamp Duty on the inheritance itself, but Seller’s Stamp Duty may apply if the flat was purchased after February 2010 and hasn’t met the minimum holding period.

In summary, after the sale and deduction of all required payments (e.g., outstanding loan, legal fees, stamp duty), the money goes to the beneficiaries as allocated by the Will or intestacy law, either directly or through the appointed executor.