2 Answers

Alfred Chee 徐仲宏
Hi Mr CK,

Yes, that works.

You would need to clear your outstanding mortgage if you are thinking of transferring the ownership to your relative without intention to collect any sales proceeds from your relative and you would have to pay normal buyer's stamp duty based on market value on behalf of your relative.

Let me know if you have any further queries. My pleasure to assist.

My mobile is 96428496

Warmest regards,
CK Ang
Hi Mr Tan, I know your reasons where you coming from. But is this the best return you can get? Do you like to know a strategy to own 2 properties with minimum stress yet to grow wealth ? We can discuss via email.

I am reachable at my mobile or email.

CK Ang
9046 3808