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Hi,

Depending on the complexity, it might be up to 5k for the legal costs. If its still under bank loan, u might need to clear with the bank as the remaining owner has to be able to finance the property under his name. Also the CPF OA you have utilized for the property needs to be refunded to your account. The relevant buyer stamp duties will apply, and there might be seller stamp duties if you bought within the last 3 years.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Good evening,

In order to remove your ownership status from the private property, you need to be sure that the co-owner is financially prudent to purchase over your share of the unit, especially when they are still under mortgage.
As for standard legal fee for the transfer should range from $4.5k.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
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