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Hi,

For resale HDB, you will need to purchase with your spouse as HDB deems both of you as a married entity family nucleus. This means the private property has to be sold within 6 months. Hence its not really useful to transfer your ownership share to him in the manner you have mentioned.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Good evening Ms,

yes stamp duty and legal fees are payable if you proceed with part share/ decoupling. Do take note if your hubby is a staying party (buyer), he must be able to take over your ownership in terms of CPF you had used and loan if any.

But do take note that you have to buy a resale HDB with him as both of you are married to be eligible under public scheme therefore private property still has to be disposed within 6 months from resale HDB purchase completion date.

Care to share more about your intention behind this move?

If you wish to decouple and own a second property, have you consider a private housing instead?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Hi,

1) Even after the transfer of ownership you will still include him in your HDB purchase application.
2) So it is back to square one.
3) Your spouse will still need to dispose of the private property within 6 months upon key collection of the purchase.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Miss,

Yes, stamp duty is applicable for transfer of shares, and is levied based on the valuation of the transferred portion.

Yes, you can also purchase a HDB resale flat after the transfer if you fulfill the eligibility conditions under one of the many HDB Eligibility Schemes.

However, do take note that your spouse will then need to dispose off the private property latest within 6 months upon the HDB flat purchase. This will incur extra Seller Stamp Duty as well. Hence, I believe this is not what you're looking for.

If you wish to own 2 properties (1 each) without incurring extra stamp duties, there are a few options which you may wish to consider. I will be able to assist you on this.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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