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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, I would assume you a local and your intention is to transfer your share for all the properties on hand?

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

Hi Norman,

As she already own 3 properties which are co-owned by you, she will be required to pay ABSD based on 3 property counts (assuming all are residential properties), which is 25% of the share of property that is being taken over if both of you are Singapore Citizens. The ABSD rates will be 30% if she is a SPR or foreigner.

Did you utilise any CPF to purchase any of these properties and are these properties fully paid? Assuming that all goes well, you will be free to purchase the next property paying only BSD after your wife has exercised the Option To Purchase for the transfers of all these properties.

I have been in the real estate business since 2009, with more than 13 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.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Hi Norman,

Assuming she is Singapore citizen, your wife will need to pay 25% ABSD on all the ownership share transferred to her, and for 3 times at that, because it is considered her 3rd property count at the point of each transfer.

You may wish to consider purchasing under your children's or parent's name instead if they do not own any residential property so to minimize the upfront costs.

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. It depends on your plan, I am ready to share my personal experiences.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi Norman,

For your case, it does not make financial sense to transfer the properties to her as the ABSD will be hefty. You may want to reexamine your property portfolio and rebalance it by selling the ones that have already made you profits and have got limited upside instead of wasting your money on decoupling.

Please feel free to contact me so that I can understand your considerations and assist you to come up with the best outcome.

Regards,
Nick Tan
(M) +65 9644 4854 
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Susana (Buyer) Read More

Hi Norman,

If your Wife is buying over the 3 co-owned properties from you, she will be the one paying ABSD. It will be 25% on 50% of each property's value, if she's a Singapore Citizen.

As for your purchase of property without incurring ABSD, as long as she exercises the S&P agreement, you are free to exercise the OTP for your next property purchase.

As the ABSD incurred may be quite hefty, you might wish to explore more options on how to best restructure your property portfolio?

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

Hi Mr. Norman,

1) ABSD is 25% of the 50% share value for every property share transferred.
2) If you sell one of the properties and transfer 2 of the property share, then the ABSD will be 17% of the 50% share value transferred.
3) In this way, the saving would be significant compared to transferring all 3 properties' shares.
4) I would think by reducing one of the properties to minimize the stamp duty needed to pay is a better option to move forward.
5) You may buy your new property once your wife exercises the OTP of the properties.

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

Hope the above answer 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 
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https://R056727F.propnex.net/
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