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Hi, appreciate your sharing. Best to consult law firm for advise on this above proposal, any other questions ? Able to check with law firm on your behalf.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

Hi,
The 99/1 scheme has been misued in the past. I would suggest you talk to your conveyancing lawyers before making a decision.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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

This kind of setup is quite common for planning ahead, especially for HDB eligibility later on. But for the transfer of your 1% share to your second child, there are a few things to consider:

✅ BSD (Buyer’s Stamp Duty) – payable on the market value of the 1% at time of transfer.
✅ Legal fees – for conveyancing and title transfer.
✅ Loan structure – if there's an existing loan, you’ll likely need refinancing or bank consent.
✅ ABSD – depending on your second child’s profile (citizenship, whether it’s their 1st property), ABSD may apply.

The actual cost will depend a lot on timing and your kids' profiles, so it’s best to crunch the numbers properly.

Feel free to message me if you'd like help breaking down the costs or checking if this is the most efficient route for your goals.
– Aren Goh | +65 9657 6701  (PropNex) Read More

You are threading in extremely risky territory, as the property moves you are describing has been the topic of tax investigations and prosecutions in Singapore.

I would highly suggest that you reconsider, EVEN IF you have lawyers or other agents suggesting it is okay or legal for you to do so. It is simply not worth the risk.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.

Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Basing on current regulations, 4% seller stamp duty applies when you sell in the 3rd year of ownership of the private property on your share of sale. In addition, your 2nd child will also need to pay buyer's stamp duty on the purchase over of your share. Additional Buyer's Stamp Duty may apply depending on whether your 2nd child owns any other residential properties in Singapore as well as his citizenship (SC, SPR or Foreigners). Read More

Oh yes, there will also be legal fees involved in the part sale and part purchase. Read More

Hi

There are some considerations here for you to note, after the transfer you are required to wait out 15 months to be eligible for resale hdb, unless there are changes to the regulation in the near future. The 1% transfer is liable for seller's stamp duty at the year 2 mark, as well as buyer's stamp duty. But this amount may be negligible to you since its only on 1% of the market value of the property. I suppose you are buying under all cash basis? Otherwise if bank loan is involved you may also need bank loan approval to effect the transfer in the future.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

1. The 99/1 ownership arrangement has raised compliance concerns due to past instances of strategic misuse.
2. Legal implications vary depending on intent and structure, so it is best not to assume it's always permissible.
3. Always consult a qualified conveyancing lawyer to assess risks and ensure your transaction meets all regulatory standards.

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

Hi Do contact me at 97970200  to discuss more.

Mark, your RIGHT choice
Propnex Read More