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I own a HDB (staying w husband), a condo in Sengkang (mortgage w husband) and a condo in Kovan (mortgage w son). I want to transfer the title and mortgage to my name for my Kovan unit. I heard that if I do so, I will be charged the 3% stamp duty as it will be considered a 3rd property purchase. Can u clarify if this is true? Thank you.
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2 Answers

William Choo
Replied
Yup. To be exact, the stamp duties payable would be 3 + 3 as normal stamp duties are also applicable in this instance. As for the mortgage, if cpf is used, you will be required to refund your son's cpf + accrued interest as well.

Kind regards,
William Choo (朱文彬）
Senior Marketing Consultant, 
CEA Reg No: R044093D
Huttons Asia Pte Ltd (License no: L3008899K)
Mobile: 9721 8288 
Web site: www.facebook.com/PropertySGD Read More
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Nick Xu
Replied
Hi,

Can I help you?

Do contact me via Call/SMS/email.

Pls drop me your contact.

Best Regards,
Nick Xu
Division Director
Dennis Wee Group
Mobile : 94242859 
Email: Nick@dw365team.com Read More
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