Good morning,
It is all down to your residency status, number of property own etc.
If you are a singaporean and this transfer of ownership will be your second property as well, you will be subject to 7% of the 50% market property value. This is on top of the buyer's stamp duty.
You will have to incur legal fees for the transfer as well.
Do take note that there might be restriction in CPF usage between unrelated parties
Care to share what's the purpose of this transfer?
- Your Leasehold Ally, Freehold Tactician -
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
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