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Hi there,

Your mother would possibly have to pay BSD for the market value of the portion being transferred to her, and for your Dad, he can buy a HDB resale right away.

Feel free to contact me at your convenience for further discussion.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good afternoon,

Usually transfer of ownership will usually involve refund of CPF OA funds for instance from your mom to dad in cash.

Stamp duties will be payable to IRAS based on the percentage of ownership transferred from your dad to your mom.

Lastly if there's any outstanding loan, your mom must have the financial capability to take on the loan herself.

Hope my sharing is beneficial to you.

If you need any law firm's contact, I can pass it to you.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

In addition in fact your dad can purchase a resale HDB right now under single singapore citizen scheme if he is eligible.

He just need to dispose his interest in the landed within 6 months from completion date will do.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Hi

For your dad to transfer his share of the landed property to your mum , buyer stamp duty BSD is payable to IRAS , accordingly based on the value or portion being transfered , at a rate of 3% minus $5400 .
Example a $4million landed property based on 50/50% ownership , BSD of $2million , BSD payable is $54 600 .

In addition , any cpf that your dad has contributed to the landed purchase , need to be transfered back to his cpf account .

Alternatively your parents can sell their landed and each buy their own resale hdb after they are divorced .

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% comm for exclusive selling rights to a property , or 2% for open listing .

Joanne chia
Chia_joanne@yahoo.com.sg
hp 8333 3327  Read More

Hi,

1. If the landed property is fully paid up, your dad may transfer the property by way of gift to your mum. However, do note that standard stamp duty is applicable on the value of the property share transferred. The CPF plus accrued interests that your dad used have to be return to his CPF account.

2. There is no minimum period to observe to buy a resale HDB. He can buy the HDB but have to complete the transfer of share in the landed property to your mum within 6 months from the completion of his HDB purchase.

Please feel free to contact me so that I can understand the situation and provide you with further assistance.

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Hi,

Re: Our Preferred Experienced SG Professional

It simple, let the law firm handle the proceed. The lawyer will advise you the fee and buyer stamp duties involved.

Upon transaction completed, your dad can purchase the resale HDB as a SC single with no issues.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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