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Can I transfer my fully paid Condo to my daughter who is 12 yrs old. Then I purchase another private property, Do I still have to pay the additional 10% ABSD ? By the way, I am PR and husband is Singaporean.
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3 Answers

Hi there,

Please feel free to contact me at 96659926  / drop me a email for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner.

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D Kumar
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Evening,

Property owners in Singapore must be at least 21 years of age. What you can do is to get your spouse to transfer the ownership of the condo to you, paying 5% ABSD and get him to buy a property using his name, without the need to pay ABSD.

Do contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Valerie,

As Nick has indicated, there is some legality issue which I am afraid we are not in a good position to advise, but the trustee option is indeed an avenue you can explore further.

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Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Mobile: +65-81577565  /+65-92787772
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