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Hi Gurus,

We are a couple owning a private apt and wish to decouple to upgrade to landed for own stay (first apartment will be for parents to stay).

May I know if there are any other fees to consider besides:
1. stamp duty (3% of current valuation? Please correct if wrong)
2. lawyer fees (2 sides)
3. CPF money from seller to be returned via cash including interest

We will also need to refinance current loan to buyer. Please advise which step to take first, lawyer or banker to advise refinancing.
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6 Answers

Robbie Chen Chee Howe
Hi Sir/Madam,

I have just completed such a case like yours last month, helping the wife buy over the husband's share in their current condo, and using the husband name to purchase another condo intended for their own stay.

Do contact me at my mobile 9748 6305  for further discussion.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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In all cases, always speak to the banker first to reaffirm financial feasibility to make such a move. You need to understand the lending powers of the borrower for the landed home as well as the possibility for the other party to hold the existing condo as an individual.

Once all financial assessment are done and you have confirmed that you are ready for such a move, then you can seek lawyer to assist in the decoupling first, simultaneously you can begin your househunting.

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Geryl LIM
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Hi Sir
Yes I can pass you the contact for you to check on the total fees involved and whether it is worth while to decouple. Feel free to reach me via 91442664  for a detailed discussion.
Tricia tan 91442664  Read More
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Hi upgrader,

I'd be glad to refer bankers from more than one bank to give you a clearer and more concrete picture. The lawyer will only need to come after.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Lts
Mobile: 9137 4602  Read More
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Hi,
For decoupling, refinancing should be the first step to work on. Once you got the IPA, then engage a lawyer.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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GAN ENG JOO ONASSIS
Hi,

Before decouple, pls understand the present property financial status advise by your housing loan banker.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Email: onassis@sgrealtor.com / sgagent.com
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