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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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7 Answers

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.

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For PRIVATE HOME BUYERS

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WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.

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WhatsApp me at ✔✔ ABLE TOH (65) 9856 9255  , Property Agent (Director ) or via this link:

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Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.

✔✔✔You can READ my REVIEWS here:Able S K Toh

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

For PRIVATE HOME BUYERS

✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge

✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents

DEVELOPER SALES TEAM

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✔✔ WhatsApp: https://wa.me/6598569255
✔✔ Email: Able.selling@gmail.com

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