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Good morning,

Yes sure, this is what is commonly referred to as decoupling, where one of the owners sell their share of ownership to the remaining owner.

Some calculations are involved, meaning the remaining owner needs to be able to finance the property or his/her own (ie bank loan must be approved), must refund the cpf utilized+accrued interest of the outgoing owner, and also pay the relevant Buyer stamp duties and legal fees. The outgoing owner, with no name to property ownership, will be able to buy the next residential property without any ABSD.

I have worked on similar cases and would be able to share the best optimal approach to structure your property portfolio.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Hi,

1) To change the status of the owner to the occupier, is the process of selling one's property share to another.
2) You have to know the current value of your EC.
3) Your current type of ownership, such as Joint-Tenancy (JT) or Tenancy-In-Common (TIC). Joint Tenancy means each of you owns a 50% share in the property. TIC could be of any share.
4) To simplify the explanation, assume yours is JT. So you have to calculate how much the share cost, how much CPF + accrued interest has to return to the intent "occupier" CPF OA.
5) To do a TDSR assessment to determine the remaining owner whether can afford to take up the additional mortgage.
6) Once you have done all this homework, you will know whether you are able to proceed with your plan.
7) You may approach any real estate agent for assistance if you worry your calculation is not accurate.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi, yes sure it is possible to do a transfer of share to the other spouse. You just need to consult your law firm for more info like the stamp duty fee, CPF issues and etc.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/madam,

Yes you can do so. Nevertheless, it is important to exercise financial prudence over this decision, if you are looking to purchase another unit as an investment where you will rent out either property. Current rental level is relatively low where there are still a number of my landlords who are required to top up monthly for their monthly repayment as rental is not enough to cover, on top of the maintenance fees involved.

This requires longer term planning with sufficient reserve funds over a period of time in order to benefit from the potential returns.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi Yes, its possible. Do contact me at 97970200  to discuss more on your plans

Mark, your RIGHT choice
Propnex Read More

Hi

Yes it is possible but to note that the remaining owner need to refund the withdrawing party on the withdrawing party's CPF usage used up to finance the EC. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Sir/Mdm,

Yes this is possible and common among private owners. This process is called decoupling and there are some important considerations to take note of before proceeding. Assessment will need to be done to determine who is a better option to exit the current property and take up a new property loan.

Please feel free to contact me so that I can understand your situation better and provide you with the recommendation and guide you through the process.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
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I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to r Read More

Hi Sir,

What you are describing is actually what is commonly known as "decoupling".

In decoupling, one owner relinquish his ownership of the property by selling his shares to the other party, thereby freeing up his name from the property.

Do take note that stamp duties are payable for decoupling too, and it's on the percentage of shares that are being transferred.

As a resale EC that has met the 5-year MOP is considered a semi-private property, very much like a private property, the owner can do a transfer via decoupling to his spouse.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More