6 Answers

Hi Steven,

It may be possible depending on how the trust deed is structured. May I know when was it bought and if it has been held for more than 3 years?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Hi, it may be possible .

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

Landon Chew
97 39 60 40
Landonchew@email.com Read More
1
Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it may be possible and I need to get more info and also have you cross the 3 years mark?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi Steven,

The trust needs to have a provision for sale, thus you should check with the law firm who did the trust up for you to determine if you can sell, and how you can manage the sale proceeds.

I have been in the real estate business since 2009, with more than 14 years 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
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi, appreciate your sharing
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
Yes, you can sell a condo unit that you purchased under a trust arrangement, but there are certain considerations and procedures you need to follow:

1. **Trust Agreement**: If you purchased the condo unit under a trust arrangement, you likely hold legal ownership of the property as a trustee on behalf of the beneficiary. Review the terms of the trust agreement to understand your rights and obligations regarding the sale of the property.

2. **Beneficiary Consent**: Depending on the terms of the trust agreement and applicable laws, you may need to obtain consent from the beneficiary (the individual for whom you hold the property in trust) before selling the condo unit. Ensure that you comply with any requirements outlined in the trust agreement regarding property transactions.

3. **Legal and Financial Considerations**: Consult with a qualified legal advisor to understand the legal implications of selling a property held under a trust arrangement. They can provide guidance on the necessary steps to ensure compliance with trust laws and regulations.

4. **Sale Proceeds Distribution**: Determine how the sale proceeds will be distributed in accordance with the terms of the trust agreement. The distribution of funds may be subject to specific instructions outlined in the trust document, such as allocating a portion to the beneficiary or reinvesting funds.

5. **Tax Implications**: Consider any tax implications associated with the sale of the property, both for yourself as the trustee and for the beneficiary. Consult with a tax advisor to understand the potential tax consequences and obligations arising from the sale transaction.

6. **Sale Process**: Once you have addressed the legal and administrative requirements, you can proceed with listing the condo unit for sale through a licensed real estate agent or other appropriate channels. Follow standard procedures for property sales, including preparing necessary documentation, conducting viewings, and negotiating with potential buyers.

7. **Trustee Duties**: Throughout the sale process, maintain transparency and communication with the beneficiary regarding the status of the property sale and the handling of sale proceeds. Fulfill your duties as a trustee by acting in the best interests of the beneficiary and adhering to the terms of the trust agreement.

By understanding the legal framework surrounding trust arrangements and seeking professional advice, you can navigate the process of selling a condo unit held under trust with diligence and compliance.
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