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Dear Sir/Mdm

As i dont have the full information, this only serves as a guide. it is still advisable to speak to a lawyer regarding this.

purchase is based on valuation, example 1m
with a total outstanding loan of $500k

50% share of the property is 500k
buyer need to buy this 50%
BSD applicable to this 50%
You can only loan 75% of the 50% plus on top of the existing loan. after paying the seller 25%.

The buyer TDSR must be able to service the new total loan amount.

Please do contact me, I may be able to provide a more detailed sample calculation sheet for your reference.

Shawn Chew
 90294371 
ERA Read More

Hi,

You have to refund the outgoing owner's CPF utilized + accrued interest, pay the Buyer Stamp Duty of market value of share transferred, legal fees for 2 law firms (decoupling), and sellers stamp duty if any. You also have to be able to finance the property on your sole name once the other owner exits.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi

... May I know what's the procedure to buy out a 50% holding of a condo owner?...

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