4 Answers

YT Tan (陈永达)
Good morning,

ABSD will be based on the residency status of the owner that will be taking over the ownership of the outgoing party.

If you are taking over, it will be 5%.

For instance, 50% ownership x valuation of property x 5% ABSD.

Other expenses will be:

1) legal fees for two lawyers
2) buyer's stamp duty
3) seller's stamp duty if applicable

Care to share why both of you are thinking of decoupling?

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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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0
Hi,

It will be 5% if you are the remaining owner of the property. Other fees include legal fees, buyer stamp duty and seller stamp duty if any. The remaining owner must also be able to finance the balance loan on his own name and fund the cpf utilized by outgoing owner.

May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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0
Robbie Chen Chee Howe
Hi,

Is your wife a PR too? If she is, then the ABSD is 5% for her to buy over your shares in your private property.

If she is a foreigner, then ABSD is 15%.

If she's a Singapore citizen, then she need not pay any ABSD to buy over your shares.

For you to buy over her shares, will be 5% ABSD.

Should you need further assistance, feel free to contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0
Radhika Prakash
Dear Sir/Ma’am:

We will be glad to assist you. Kindly write to us on realproperty63@yahoo.com.sg or call us on 93380071  .

Kind Regards,
Radhika Prakash
Edmund Tie and Company
 93380071  Read More
0