AskGuru Q&A Community

Hi Jenny, you may like to consult a law firm on this issue.

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

Good day Jenny .

As to your question, is to do a sale of part share of your condo , for the purpose to remove your ownership from the condo , essentially you need to account for your cpf that is being used in the condo , meaning to return the money back to cpf board .

In addition , need to settle the bank loan too .

BSD buyer Stamp duty payable on the PART SHARE that is bought over from you .

Yes as you said lawyer fee payable .

Hopefully no SSD seller stamp duty which is stamp duty payable for properties that are sold before 4years ownership has past.

Kindly contact me Joanne Chia handphone 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

Joanne Chia.
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good morning Jenny,

In order to perform a part sales, the co-owner must be eligible to secure more loan to buy over your share if the unit had been purchased under joint tenancy. Depending on that date of S&P, you might incur Seller Stamp Duty if it’s less than 4 years from today.
On the purchase of HDB unit, any additional duties payable would depends on both your spouse and your nationality. If both are SPR, 5% ABSD is payable by cash.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for someone who have knowledge and experience on sales and purchase of residential properties?
With more than 10 years experience on cases related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Estate Planning and Distribution
4) Divorce
5) Bankruptcy

You can have your doubts cleared before moving forward in life’s most expensive and rewarding decision with ease of mind. Read More

Hi Jenny,

It may be confusing for you if I typed out. It is better if you can call me for deeper explanation and understanding.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More