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Hi Sir/Mdm,

The part sale can be done thru a law firm. The fees involved will be the 1% of the market valuation of the property, legal fees and stamp duty of the 1% share.

In the future, if you wish to buy back the 1%, again legal fees and stamp duty will apply. You will also need to pay back the CPF + interests that your spouse have used so far.

Please feel free to contact me if you need any further assistance.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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Part sale can be done. Should you require a law firm to assist with this process, feel free to let me know. :D

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Adding your spouse as a co-owner (even for just 1%) is treated as a part-sale of the property. Here are the key costs and considerations:

1. Buyer’s Stamp Duty (BSD)
• Payable on the value of the 1% share transferred.
• Example: If condo is valued at $1,500,000,
1% = $15,000
BSD ≈ $150 (based on BSD rate tiers).

2. Legal Fees
• Both transferor and transferee need legal representation.
• Expect $2,500 – $4,000 in total, depending on law firm.

3. CPF Usage
• Your spouse can use CPF OA to pay for:
• Purchase price of the 1% share.
• BSD (yes, payable via CPF if sufficient OA balance).
• Legal fees (partial CPF usage possible if law firm accepts).

4. Outstanding CPF Refund
• If you have previously used CPF for the condo, you must refund the accrued amount corresponding to the 1% being transferred, including accrued interest, back into your CPF OA.

5. Future Buy-Back
• Reversing ownership later is possible but will involve the same process again: BSD, legal fees, and CPF refunds.
• If property appreciates, BSD will be based on the higher value at the time of transfer.

Key Point
• Ensure both of you can meet Total Debt Servicing Ratio (TDSR) for loan servicing after ownership change.
• Bank must also approve the new shareholding structure. Read More

The cost involved would be the buyer stamp duty, seller stamp duty (if applicable), and conveyancing fees. However, when your finances improve, it MAY NOT be easily reversed, in light of recent government actions and policy news.

There are several layers of considerations besides the immediate use of your spouse's CPF that you importantly need to take note of.

Given that you/ your spouse is currently going through a rough patch, I will strongly suggest that you speak to an agent like myself to help you understand the full financing and policy implications before taking any action so that your assets are protected both now and for the future.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.

Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi,

1) I can't comprehend on how this could assist in your spouse debt payment.
2) Usually, it is the one who need money selling the share rather the other way around.
3) If the intention is to utilized funds in the CPF, then, should be selling more shares than only 1%.
4) The buyer (if current is co-owner) can request for refinance from the current mortgage bank to assess how much loan he could receive if doing a part-share purchase.
5) The buyer (if current is not a co-owner) can request for an IPA from a bank (whichever offer a lower interest rate) to decide how much share to buy over.
6) The BSD will be determine by the value of the shares buying over.
7) Legal fees is double of a sell or buy transaction; generally, it is around $5k. One legal firm can assist in arranging the other party legal service so you don't have to run around looking for a different lawyer.
8) Part-share purchase can be reverse as long as both parties are ok. But, note that the current SSD (Seller Stamp Duty) is 4 years. So, don't do it within 4 years after the share is sold. The date counting of SSD is from the completion of the transaction.

All The Best!!!

Hope the above answers 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
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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**Adding Spouse as Co-owner (Even 1%) – What It Means**

1. **Stamp Duty**
Even a small 1% transfer counts as a sale. BSD is calculated on that fraction of the property value. Example: For a \$1M home, 1% = \$10K, BSD works out to about \$100.

2. **Legal Involvement**
Both seller (you) and buyer (spouse) need lawyers. Expect to spend between \$2K to \$4K for the paperwork.

3. **CPF Matters**
Your spouse can tap into CPF OA for their share, including BSD and even part of legal costs (if the law firm allows).

4. **CPF Refund Obligation**
If you’ve used CPF for the flat, the amount tied to that 1% must go back into your CPF account, plus the interest that has built up.

5. **Future Changes**
Selling back the share later is possible, but it means another round of BSD, lawyer fees, and CPF refunds—likely on a higher valuation.

6. **Loan Check**
TDSR rules still apply. The bank must agree to the updated ownership before things move forward.

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