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Good morning Ramachandran,

Legal fees are around $6k per decoupling because it will involve two law firms. Each representing one of you.

Stamp duty will be applicable for transfer of ownership (decoupling).

If she is Singaporean for 1st decoupling, she will need to pay 3% to 4% buyer's stamp duty depending on the property value.

As for 2nd property, it will be 7% additional buyer's stamp duty on top of the buyer's stamp duty.

Stamp duties will be applicable in accordance to your wife's residency status and number of residential property owned in Singapore.

Hope my sharing aids in clearing your doubts.

By the way, care to share about your intention to transfer ownership to your wife?

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Dear Mr Ramachandran,

Let me refer you to your preferred law firm and explain the procedural framework in depth.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Hi Mr Ramachandran,

If you have not done your decoupling, then the new policy announced on 5th Jul 2018, implement on 6th Jul 2018 shall greatly impact on your plan.

(1) ABSD for SC on 2nd property had rose from 7% to 12%.
(2) ABSD for PR on 2nd property had rose from 10% to 15%

The above is on top of the 3% buyer stamp duty.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi Mr Ramachandran .

If both you and your wife are singaporean , as far as ABSD savings is concerned , the most economical alternative is to sell all your residential property , thereafter each of you buy one property each , each individually buy without paying any ABSD .

As per your question or suggestion , the answer is not favorable, ABSD is payable on the second property despite buying only part share from spouse .

Kindly contact me hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( few agents ) .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More