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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, may I refer a law firm to you?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir,

Yes, if you had utilised your CPF funds for the property, you will need to pay it back to your CPF-OA, plus accrued interest.

May I know what's your reason of doing de-coupling? Is it to purchase another private property?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good afternoon,

Yes the CPF utilized + accrued interest which you have used for this property has to be refunded to you when you exit the property, even the property is transferred as a gift. The relevant stamp duties will also apply, based on a percentage of the market value of the share transferred.

I have assisted a few clients with their decoupling process and would be happy to share more on the optimal approach. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi,

1) Yes, you have to top up all funds utilized + accrued interest incurred in your CPF account.
2) Your wife will still be subject to gift stamp duty equivalent to the buyer stamp duty of the actual value of your transferred share.
3) Usually in a decoupling case, if it is possible, I will suggest the receiving party apply for a mortgage so that the donor is able to use the fund for the next purchase.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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