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Good morning madam,

Is there any outstanding loan for the current property and was any CPF used to finance this property? You will require to be able to finance this property solely on your own and may not be a simple transfer. You are likely required to buy over this property from your husband instead, thus the standard applicable stamp duty will be involved.

I have been in the real estate business since 2009, with more than 14 years 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.

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Good morning Madam,

It is possible if its a private property, and so long the finances can be arranged. For HDB it is not as simple because HDB has to approve the transfer of ownership and usually upgrading to a bigger space is not sufficient as a reason.

Essentially its like you are buying over your hubby's property. You will have to refund his CPF utilized + accrued interest, redeem his outstanding bank loan and pay the relevant buyer stamp duties at the minimum. I am contactable at 97432395  for further discussion.

Hope the above clarifies. May I have more info and requirements about your plans so as 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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Hi, appreciate your sharing. Have to check whether the party has enough loan and funds to purchase over the share.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

1) When it involves with ownership of a property, changing ownership is not just a matter of changing names.
2) There are 2 ways of transferring the ownership from him to you:
(a) via gift
(b) via sale

3) Gift:
(a) The property must be free from an outstanding mortgage loan.
(b) All funds utilized from the CPF must be returned with accrued interest

4) Sale: This is a straightforward method, thus not going to elaborate here.
5) The stamp duty for both methods is the same, based on the market value of the current home.
6) You may approach a lawyer to assist in making this transfer. The fees for both are around the same, maybe a few hundred difference.
It is around $5.5k~$8k depending on the individual firm.
7) So the costs are mainly the legal fees & stamp duty.
8) If you need a loan to take over the ownership, it is recommended to approach a banker to do the IPA assessment.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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 Read More

Hi Do contact me at 97970200  to discuss more

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Propnex Read More