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My Husband and I bought a landed house 3 years ago and we have an outstanding loan of approx 500k with 7 years left (it was a 10 year loan). The house was bought under joint tenancy.

However, I have been looking into buying another condominium unit (Budget approx 1 million) in District 9 or 10. But with the ABSD increased to 10%, is it a wise decision to do a decoupling so I can buy the condo by myself while he will finance the existing house? What are the steps to doing a decoupling?

We are both Singaporeans.
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9 Answers

Hi, perhaps I could assist you with a law firm contact and to liaise with about the issue of decoupling.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi Yes, it is possible. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More
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Hi,

As the landed property is bought in 2016, it is likely the Seller Stamp Duties of 8% (3rd year holding period) still apply for the share value that will be transferred to the remaining owner. The CPF utilized+accrued interest of the outgoing owner will also need to be refunded by the remaining owner, through mortgage financing or other fund sources.

Decoupling comes with its risks as well as ownership is no longer shared, the family has to be comfortable with the arrangement. Although the upside is ABSD is reduced or no longer applicable.

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
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Hi Sir/Madam

I will be glad to assist
As I won't be able to pm you first due to pdpa, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Hi,
Decoupling is selling your share to the other partner. Hence just need an lawyer to act for each of you to make the transfer. The important to take note is the seller stamp duty where the purchase is still within 4 years.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

best regards

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Robbie Chen Chee Howe
Hi Mdm,

FYI, ABSD for Singaporean's second property is now 12%, not 10%.

As your current property is purchased 3 years ago, you may be liable for a SSD of 4% should you do the decoupling.

May I know what's the reason for you to purchase the condo now? Are you planning to rent it out for rental income?

If so, have you explored other potential options which may make more sense for you?

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
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Lee Chun Peng Adnic
Dear Mdm,

Please kindly contact me for a step by step hassle free guide on how to do decoupling. The pros and cons and whether it is prudent to do so.

Adnic Lee
ERA
 96722265 
Associate Division Director. Read More
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Hi there!

I have assisted many clients to do decoupling through reputable lawfirms.

It is definitely advisable to do decoupling to save on the ABSD.

Do contact me should you need more advice or assistance.

Bhavina Kaur
ERA Realty

M: +65 91708295 
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/investbuysellrent Read More
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