Asked by sol kwon
Hi everyone, can I check if this structure is possible for a private condo?
PR partner buys the condo under her own name (she is the sole legal owner). EP partner contributes part of the purchase price. After completion, they sign a Declaration of Trust so the EP holds a % of beneficial ownership. A caveat is lodged to protect the EP’s share.
Just want to confirm if this is allowed for non-landed private condos (not HDB/landed), and whether any ABSD issues apply if the EP is not a legal owner.
Thanks!
PR partner buys the condo under her own name (she is the sole legal owner). EP partner contributes part of the purchase price. After completion, they sign a Declaration of Trust so the EP holds a % of beneficial ownership. A caveat is lodged to protect the EP’s share.
Just want to confirm if this is allowed for non-landed private condos (not HDB/landed), and whether any ABSD issues apply if the EP is not a legal owner.
Thanks!
3 views