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Good afternoon Leng Guan,

You can opt for decoupling. It does have its pros but its cons as well.

If you are keen to find out more about it, I am able to forward you a powerpoint slide that I gotten from my law firm that illustrates more about it.

Hope to hear from you!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi there,

As suggested by my fellow respondents, decoupling could be an option. Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further on your inquiries in the most detailed and thorough manner, as I have assisted my clients in the past on decoupling per say and purchasing of their properties.

I will run you through the entire process- handling all aspects of the purchase! To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free! Furthermore, since you are not liable to pay my any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Do visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
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Hi,

Yes it could be done, and as mentioned its done through decoupling.

It is considered sale of your part ownership share, and BSD (and SSD if under 4 years) will be incurred for the remaining owner. In this way you have zero property count, hence ABSD will be avoided when you purchase your 2nd property.

Downsides include, the remaining owner has to finance the 1st property individually and might not get the required loan. Also, the 2nd property is based on one person's age and income profile, hence the loan disbursed could be lower, hence a lower purchase price. Also, separate ownerships of 2 property can become messy in the event of unforeseen circumstances. It is better if we understand the situation further before proceeding. Thanks and hope to discuss further.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Afternoon,

If your current property is under private oropert, it can be done through lawyer, by transferring your ownership to the co-owner. Fee and charges will be incurred. After that, you will be eligible to purchase the private property, under the buyer who does not have any property at hand, without the need to pay for ABSD. However, this is provided that you are SC.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More