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Hi,

For the decoupling process, the main thing to take note is whether your husband, the remaining owner, is able to finance the property under his own sole name, and he is also required to refund the CPF you have utilized for current property, before you can exit. The relevant stamp duties are also required to be paid.

We have to work out the sums to see whether the numbers make sense to justify the 2 operations. It would be ideal if I can have some numbers to work out the scenario.

May I have more info and requirements about your plans so 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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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. 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. Hope to hear from you soon and have a great week ahead.

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

Hi Madam

I will need more information to be able to advise you
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear sir/madam,

Have your family considered a more straightforward option of selling off the 1 bedroom apartment which your daughter own instead of going through the decoupling of your existing 3 bedrooms unit (2 legal transactions - 1 for the your husband to purchase over your share and 1 for you to sell your share to your husband) as well as another 2 legal transactions of the transfer of your daughter's 1 bedroom to you.

Not only that, stamp duties are also applicable for both these transactions on the purchasing part.

If you have utilised any funds from your CPF for the 3 bedrooms unit, your husband will also be required to return this amount back to your CPF (including accrued interest) in order to decouple, and similarly for your daughter's apartment, you must also return the amount she has utilised (if any) from her CPF inclusive accrued interest.

It will be prudent to look into if the 1 bedroom unit your daughter own is good to keep in possession or does it make sense to liquidate after doing the above sums.

Hope the above helps.

I have been in the real estate business since 2009, with more than 10years 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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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HI,

While your daughter might be able to purchase a new property without paying the ABSD, is that the most efficient ways of doing so? There are times where decoupling will actually cost much more. For example, the method you mention will actually incur a few BSD. Thus, it will be good if we can discuss further to see what is the best option for you.

Feel free to contact me at 92707548  to discuss further.

Thanks!

Alan Sng
PropNex Read More

Hi Mdm,

As both the properties are fully paid, you can consider the option to decouple. However, you will still need to refund whatever CPF funds used on the properties to the original owner. For your case, your husband to refund to you, and you to refund to your daughter.

Also, take note that BSD is also applicable for such transfers, and you will need legal conveyancing for all parties involved in any transfers.

Whether it makes sense to do the transfers, depends on various factors. May I know how much is the quantum of the property your daughter is looking to purchase? And also the property values of the 2 properties you are looking to transfer?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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

Hi Mdm,

This is a possible solution but you may have to calculate the cost involved to see whether financially viable because there are legal fees and stamp duty when you do a decoupling and when you take over the property from your daughter.

Please feel free to contact me so that I can understand your situation better and estimate the cost for you to determine the best approach going forward.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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