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Hi,

1) A trust instrument is an arrangement whereby a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries.
2) In layman's terms is you are prepared to hand over this property to the beneficiaries, but due to the beneficiaries have not reached their legal age. Therefore you set up a trust to ensure this is passed down legally.
3) A lot of things are possible depends on how a trust is set up.
(a) Before beneficiaries reached their legal age, you may sell the property but the sales proceeds will remain in the trust. The interest and capital will be used on beneficiaries only, such as overseas education costs.
(b) After beneficiaries reached their legal age when they are legally able. Trust can be dissolved and treat the property according to their own will. This also depends on how the trust is drafted.

4) All real estate trust in Singapore will usually be drafted as an irrevocable trust. Meaning the trustee cannot reclaim the assets back in the trust.

5) You may read details on irrevocable trust here:
https://singaporelegaladvice.com/why-set-up-trust-singapore

6) On further detail on trust, it is recommended to seek advice from the professional over this. Below is a link explaining in detail "Buying a property on Trust for your child":
https://singaporelegaladvice.com/law-articles/buying-a-property-on-trust-for-your-child/

7) Selling the property under trust by the trustee is possible, and can be done anytime. But whether it meets your objective is another story.

8) There is no minimum holding period under trust but a limit on a maximum of 100 years.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Dear Sir/Mdm,

Yes it is possible to sell a property under trust but you will likely need to hold the property for 5 years before selling because the potential buyer may not be able to get a housing loan within the first 5 years.

Please feel free to contact me so that I can understand your intentions better and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

Yes, you can sell off the private property that is held under Trust. And there is no fixed holding period. However, do take note that Seller Stamp Duty applies. If you were to sell within 3 years, you will be liable to pay SSD.

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