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My partner & I intend to get a private property. I currently own a HDB flat (With outstanding loan and he doesn't own any property).

If we were to co-own (50% each) the pte property, Can we avoid the additional stamp duty & 40% down payment by

a) Loan for the pte property is taken up solely by my friend.
b) I clear my outstanding HDB loan.

Any other advice is appreciated. Best Regards
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1 Answer

Jeron Lee
Replied
Hi Ben,

If both your partner and yourself are Singaporeans, you will not be subjected to additional buyer's stamp duty for your 2nd property.

You are right that in order to loan up to 80% for the pte property, you will need to fully redeem your outstanding HDB loan or your partner be the sole owner of the pte property.

Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: 9001-5060  Read More
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