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My mom owns a landed property that has been fully paid. Only her name is in the property. Is it possible for me to buy 1/2 of the house value and use my cpf? Would I have to pay full stamp duty?
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4 Answers

Hi,

Purchasing her share of the landed means it will be treated like a sale&purchase transaction. Hence stamp duties are payable, and it is possible to use CPF.

May I know what are you looking to achieve by doing so? Perhaps I can understand your requirements further so to derive solutions to reach your objectives. Thanks and hope to discuss further.

Warm regards
Ivan ERA
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Hi Mdm Nadjah,
Yes, stamp duty is payable as this consider as sale. To be able to assist and advise more, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
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Hi Madam Omar,

Yes, stamp duties will be payable.
May I understand your objectives to propose an alternative solution if possible to your situation? I will also be able to nonetheless run you through stey by step what there is to be done, at no obligation.

D Kumar
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Hi Madam Nadja,

This is consider a part sale process therefore stamp duties and legal fees will be incurred to carry out this process. You need not a real estate salesperson to do this but can proceed directly to a conveyancing lawyer to carry out this process. If you need someone from law firm to speak to regards to this matter, feel free to let me know so I can share the contacts I have with you.

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