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Hi,

If its still under bank loan, you need to get bank approval as well. Valuation is typically still required, and relevant stamp duties will be based on market valuation. 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)
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SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Good day madam .

You need not get a official valuation but you still need to sell your share of the property at MARKET VALUE to your husband , on the same note , stamp duty is payable on the part share property being sold at market value.

For example market value of the property is a million , and ownership is half , stamp duty payable is slightly less than 3% of 500k .

Alternative you can consider to sell the present property entirely , each buy a property individually thereafter , status quo not affecting the marital status . Please note only after de-coupling , only owner can be borrower as far as bank loans and cpf usage is concerned .

Kindly contact me Joanne Chia handphone 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers.

Joanne Chia.
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

The 2 concerns you are having are:
(1) Decouple by selling whole share to spouse
By selling whole share to spouse. Your spouse would incurred BSD, but not ABSD since it is still one property.
If your property is less than 4 years from the date of purchase, you will also incurred SSD.
Your spouse will also need to be assess according to TDSR to determine his capacity to absorb the loan. The amount of his CPF can be used also need to be considered.

(2) The need of Valuation or market value
A formal valuation must be conducted if it is still under loan. You will need to get the bank valuer (the bank you are having housing loan) to perform the valuation value.
If this is fully paid, you will still need to sell to him at reasonable market rate instead of a minimum of $1.

Hope the above answer to your main concerns, but if there are more queries, 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

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Hi Mdm,

Depending whether the property is full paid or not, it may not be necessary to get a proper valuation. However, if you were to undertake a loan or utilise your CPF monies, a valuation report will be required. This will also ascertain the stamp duty to be paid for the transfer.

Do take note that upon the transfer, a new Seller Stamp Duty (SSD) period of 3 years will kick in.

I have clients doing transfer of shares before, and would be able to assist you should you need further clarifications.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi. If your property is full paid up, you would not require a valuation for decouple. However if you stil have an outstanding loan, and require a loan for this decouple, yes please check with the banker for this a valuation would be done based on current market price. Should you require further information, feel free to reach me via 91442664  .

Best Regards,
Tricia Tan
 91442664 
Group Director Read More