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Hi, yes it is possible to do so. Do you need any assistance in regards to this?

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi there,

It is possible, even with or without an outstanding loan. Please do take note of other factors such as CPF used under your name, if Seller's Stamp Duty (SSD) period has been cleared, etc

Do WhatsApp me via my contact number below to dicuss further with your property planning strategy.

Thank you!

Best Regards,
Harith Nash | Nash Brothers
Mobile: (65) 9825 5719 
Vevien Ong Division | PropNex Realty Pte Ltd Read More

Hi,

Yes its possible and this process is called decoupling or transfer of ownership. Buyer stamp duty applies on the market value of share amount transferred, and your wife is required to refund the CPF utilized + accrued interest you have placed in the property so you can exit. 2 law firms will be required and legal fees approx 5k-6k. I have helped clients to do the same and will be happy to share the best approach.

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 :)

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Hi, appreciate your sharing. Able to check with law firm on your behalf.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Theoretically this is possible, with the following factors to be considered:

1) CPF funds used for the condo with accrued interest from your CPF account must be refunded to your account, thus your wife will need to be able to finance this part, either with existing funds or take up a loan to finance this portion via part purchase of your shares.

2) Stamp duties will be applicable on your part sale to your wife if this condo is purchased under 3 years back. Stamp duties will also be applicable on the part purchase of your share on your wife and depending on whether this is her first residential property as well as her citizenship, the Additional Buyer's Stamp Duty (ABSD) can also be applicable.

Once the part sale/purchase is done, when your wife has exercised the Option To Purchase to buy over your share, you can then proceed to make a purchase for the 2nd property without ABSD if it is going to be the 1st residential property under your name and that you are a Singapore Citizen. I can explain further if you require any clarifications. Hope this helps.

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.

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Hi Sir,

Yes, this is possible. However, do take note that whatever CPF funds that you had utilised for this condo will have to be refunded back to your CPF-OA, plus accrued interest. You can then use this CPF for your next property purchase.

The transactional cost for the condo transfer would include buyer stamp duty (50% of the condo property value, from you to your wife), seller stamp duty (if property was bought less than 3 years ago) and legal conveyancing fees (approx $5-6k).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property 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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi,

Yes this can be done (decoupling). Just take note.

1. Your CPF used + accrued interest have to be returned back to your CPF (you can use it for the next house)
2. Buyer stamp duty applied

Hope it helps,

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Samantha (Resale condo buyer) Read More

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 sure it is possible and there be buyer stamp fee and legal fee involve for the transfer of ownership.

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

Yes, you can transfer your condo ownership to your wife. This is called decoupling or transfer of ownership.

Here's what to consider:

CPF Refund: Your wife will need to refund any CPF funds you used for the condo, plus accrued interest.
Stamp Duties:
You may need to pay SELLER stamp duty if you bought the condo within the last 3 years.
Your wife may need to pay BUYER stamp duty and Additional Buyer's Stamp Duty (ABSD) depending on her citizenship and property ownership history.
Second Property Purchase: After transferring ownership, you can buy a second property without ABSD if it's your first and you're a Singapore Citizen.
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XXXXX The End XXXXXXX Read More

Hi,

1) Yes, this is aka decoupling in the industry.
2) Do note that the CPF utilized has to return to the CPF OA accordingly once this arrangement is made.
3) Therefore, you have to check your CPF account to understand the refund amount before making the move.
4) Although you may say that this is a left-pocket-to-right-pocket arrangement. You will still have the fund in cash or your wife must have sufficient in cash and/or CPF to complete the refund.
5) Do note that your wife will still be subject to buyer stamp duty even though you transfer the share in terms of a gift.
6) The legal fees are about the same whether you are selling under part-share selling or as a gift.
7) You may refer to the following articles to understand more about transferring of ownership the property below:
https://www.linkedin.com/pulse/adding-removing-names-from-property-never-easier-chee-kwong-ling/?trackingId=G2p7kGDRSB200JvL1al7QQ%3D%3D
https://www.linkedin.com/pulse/transfer-ownership-chee-kwong-ling/?trackingId=olkYRsZCRnSuBx%2B9Yeg%2B5g%3D%3D

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers 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 
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https://R056727F.propnex.net/
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https://www.linkedin.com/in/ckling/ Read More