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I and my wife are Singapore PR and jointly own 1 property (private condominium) in Singapore. Our daughter is 18 years old and would like to buy anothre property for our daughter. We have a few questions: 1/ Is our daughter allowed to legally own property in Singapore (either single or jointly with an adult)? 2/ Our daughter is also a PR and currently a student and has no income. Can she get a bank loan with us a guarantors? 2/ In case this will be her first property in Singapore, what stamp duties, etc will be applicable to her in case of she can own the property either as an individual or jointly with her parent?
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Dear sir, The minimum age to legally own a property in Singapore is 21 years old. For financing guidelines, you may wish to look at MAS website as listed below to understand better. http://www.mas.gov.sg/news-and-publications/press-releases/2013/mas-introduces-debt-servicing-framework-for-property-loans.aspx Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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