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I had been advised that even though I own a HDB with my spouse, I am able to purchase second property (i.e. private condo) without incurring the Additional Buyer Stamp Duty or other additional costs by de-coupling. Is that true and if so how do I go about to de-couple? Thank you.
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4 Answers

Ivan Ng
Replied
Hi,

Perhaps I can have more details over email? We can discuss further from there. Thanks.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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YT Tan (陈永达)
Replied
Good morning!

I can forward you an email on decoupling sent by one of my legal consultants. Do take note that decoupling has its pros and cons so you must weigh the options before proceeding.

Hope to hear from you soon!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com Read More
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Mike Lim
Replied
Morning,

If any agents told you that you will not incur any cost by de-coupling, you can being misled. As you own HDB unit, you will need to go through divorce before your partner can do part purchase of your shares. With that, cash component will be required for down payment, legal fee, stamp fee, etc. This is only applicable if your spouse is SC.
Once your name have being removed from the HDB ownership, you will then be eligible to purchase the private property, without incurring ABSD, if you are SC.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • AY
    Replied
    Hi Mike,

    If I have transferred my HDB ownership fully to my spouse and remained as an essential occupier for the HDB, would that mean my name is being removed from the HDB ownership?

    Appreciate your advice. Thanks.
D. Kumar
Replied
Hi,

Decoupling is an option, but you can always get in touch with me to explore various options to evade ABSD and i will be glad to assist. 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 in the most detailed and thorough manner.

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. I will also provide you with the transaction caveats and sales report to further enhance your understanding of the market sentiments.

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

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
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2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
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2014 December ERA Top Achievers
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