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can not as trust got to be cash and fully paid.

regards
wilson leong
 96305577  Read More

Hi,

Unfortunately no, it is typically a full cash arrangement, as the child is the beneficiary owner. 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.

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Good evening Sir/ Mdm,

I am sorry to inform you that only cash payment is allowed for trust arrangement, no CPF usage will be allowed.

Hope my sharing aids in clearing your doubts.

Care to share with me your intention about this arrangement and any concerns you have in mind?

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Dear Sir/Mdm,

For purchasing a property under a trust, bank loan and CPF are not allowed to be used. Full cash is required and therefore new projects with progressive payment schemes are a more attractive option.

Please feel free to contact me if you have further questions regarding buying a property under a trust. I will be happy to share with you also the projects with good upside potential and worth looking at.

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Nick Tan
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

HI,

Buying under Trust for your children technically mean your children will be the owner of the property. A loan or CPF payment can only be done via the owner of the property.

Thus, your CPF will not be able to finance the unit and it will mean full cash payment.

Feel free to contact me at 92707548  to discuss further.

Thanks!

Alan Sng
PropNex Read More

Hi,

It seems someone had advised you to consider using Trust as a vehicle to make a property purchase.

It is best you could speak to a lawyer to understand the full implication. I'll list down the basic "must know" information for your understanding:

1) Beneficial (Trustee) of Trust should be related to Trustor (the one who comes out the money) whether official or non-official.
2) Stamp duty is based on Trustee and not trustor.
3) Trustee is below 21 years old.
4) Trust will mature (dissolve) once trustee reach 21 years old.
5) Trustor is not allowed to dissolve the trust if trustee has not reach 21 years old. Another word, the money cannot be withdrawn from trust.
6) Interest earned from trust can be release for trustee benefit only, such as education. Interest here here refer to rental gain while holding the property.
7) Upon trust dissolved, the property is lawfully owned by trustee only.
8) There is a maintenance fee involved in keeping the trust till it dissolve.

Hope the above answer to your main concerns, but if there are more queries, 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://www.facebook.com/Homesellerbuyer

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Hi,

I regret to inform you that you are not able to use CPF to fund a property purchased under Trust. Such a property must be fully paid up in CASH.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

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