5 Answers

Philip Chong
Replied
Hi Mrs Sam, I assume your purpose is to avoid the additional stamp duty for the purchase of the 2nd property. The process you are looking at is decoupling where one party will buy over the share of the other party and is usually managed through the lawyers and bankers. The procedure is the normal buy and sell through your lawyers. the challenges are to ensure that there are benefits to doing decoupling as there are costs involved. The party that is going to purchase the second property must also be able to loan the necessary amount needed for the purchase of the second property. Do give me a call @ 81613790  or email me: propnex@me.com if you need assistance for the decoupling process. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, PropNex Realty Pte Ltd. Read More
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  • SK
    Replied
    Thank you for the reply. its not just to avoid the stamp duty , but also because we want to buy yet another property. And if the current apartment is solely owned by me than he can buy another on the first house down payment % criteria.
Geryl Lim
Replied
Hi Mrs Sam,

Approach a lawyer to get the paperwork done. Assume that the party who is going to take over whole ownership has the financial capacity to finance the property, it should be a relatively easy process to do so.

Regards,

Geryl LIM
Real Estate Director
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  • SK
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    Hi. We would be able to make it on 11th. Please pass me the details and I shall come over with my husband to find out more on landed properties as we are considering to buy one. Thanks Sam
Lexus Teo
Replied
Good day,

What you are referring to is what we know as decoupling - which is technically quite common nowadays. First and foremost, you or your spouse need to have the financial capability to refinance the property under one individual. Thus forth, you need to get your property valuated and this pay the stamp duty of a minimum of 50% of the valuation of your property(which is also the transacted price between you and your spouse). Legal fees shall also be applied in this scenario.

After all the above is done, you can purchase your next property with no ABSD :)

Lexus Teo Read More
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  • SK
    Replied
    Thank you so much for the reply. It was very helpful. We will call you for help if required and also when we will be considering buying a new property. Which shall be soon. Regards Sam
Geryl Lim
Replied
Hi Mrs Sam, I will need to get in touch via mobile or email to send out the invitation. Please get in touch with me either through my email or mobile phone as I am not being prompted on your reply here. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! ARE YOU FREE on 10th or 11th May?? The original one landed homes sales exhibition is back! Featuring an estimated more thann 200 landed homes for sale islandwide,we had many successes in matching buyers to units over the past few events held. Register your interest to attend this private and exclusive event today through email or SMS. Read More
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Koh Zhen Hon
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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