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Dear sir,

If you are doing a part share transaction, ABSD is applicable on your end when you takeover your wife's share of the property base on your property count. All CPF monies utilised by your spouse in this property will be required to be refunded to her account including the accrued interest.

Hope that helps. Read More

Good afternoon,

Yes in this scenario, you are doing a transfer of the part-share of the ownership of the property, and the 3% BSD and 17% ABSD will still apply (based on the market value of the share transferred) even if its transferred as a gift. SSD will not apply if your wife already owns the property share for more than 4 years.

All CPF monies utilized by your spouse for the property will also have to be refunded to her as she exits the property.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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Extremely happy for you that you are exploring growing your property portfolio. As you would have realised, this decoupling or part share transaction does require more information as per the advice given earlier by the two gentlemen :)

as this is a delicate and sensitive issue with great importance to timeline, CPF refund, outstanding loans, cash proceeds, cash outlays for purchase, taxes etc. and proper financial consultation is a must, I would like to invite you to have a discussion before proceeding with any plans so that you would be able to free up a name and then source for your ideal property to grow and preserve your wealth.

I am a mortgage broker for a couple of years and I work with all financing institutions in Singapore I am confident that I can assist you from start to finish with my expertise and network of reliable contacts from bankers and solicitors who are able to provide top-notch service for part purchase.

Do feel free to drop me a Whatsapp at 81021221  . With full information on hand, I would most likely be able to sort out all your figures within the hour. Looking forward to hearing from you!

Melissa Chan Read More

Dear Sir/Madam,

Hi, I am Brendan!

Yes ABSD will apply if you were to buy over her share. However, you will only need to pay a portion of the ABSD relative to your wife's share in the property.
Meaning, if the property is joint tenancy 50% each, you only need to pay 50% of ABSD and other housing related fees.

SSD will not apply if property was bought more than or 4 year ago.

Alternatively, you may sell your share to your wife and relooked at your first property, if possible.
The first property should have gained quite a fair bit in terms of capital appreciation. Could you cash out on the profits and invest in another better property?

I will like to share more with you regarding property asset wealth creation.
Pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay, ERA
 9754 5207 
wa.me/6597545207 Read More

Hi Sir/Mdm,

When you buy over your spouse share, Additional Buyer Stamp Duty for a 2nd property is applicable and it will be based on the market valuation of the purchased share although it is considered as a gift. There will be no SSD if the part purchase/sale is done after 3 years from the first purchase date.

Please feel free to contact me so that I can understand your situation better and assist you to restructure your portfolio.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
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Susana (Buyer) Read More

Hi Sir,

In this situation, ABSD applies. It will be considered your second property, hence 17% on the valuation based on the % of shares transferred. SSD is applicable (for the outgoing party) if the property was purchased less than 3 years ago.

Do take note that should any CPF monies be utilised for the property (by the outgoing party), the amount (plus accrued interest) will have to be refunded back to the outgoing party's CPF account.

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 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