AskGuru Q&A Community

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, SPR cannot purchase landed property except for those at Sentosa Cove.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Sir/Mdm,

Decoupling is a process when one party sell the share to the other party, effectively handing the ownership of the property to the staying party. This is done so as to free up the name to purchase a property without incurring Additional Buyer Stamp Duty. The legal fees is in the region of 6k to 7k.

Yes you are right, SPR are not allowed to rent out a landed property. If you intend to buy another property for investment, a condo will be a better option as you can easily rent it out with a higher yield and in the future, it will be much easier to sell as well.

Please feel free to contact me so that I can understand your situation better and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would ap Read More

Dear sir,

Decoupling takes place when owner A sells or transfers the existing shares of the property to owner B. Upon relinquishing the ownership of the property, owner A can then purchase another residential property without any Additional Buyer's Stamp Duty if there is no other residential property under the name.

For SPR cases owning landed property, you may wish to look into the permission to do decoupling as the original application to own the landed property is likely to have indicated the manner of holding for the intended purchase, therefore if there is any changes made, it is likely to require permission for it.

In addition, having granted the permission to own a landed property now does not automatically guarantee that permission will be granted to purchase the next landed property if existing landed property is sold, therefore in this case, it is best to do your due diligence before taking any actions.

I have been in the real estate business since 2009, with more than 12 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 9,400 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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Good day sir .

You did not mention who is singaporean , who is p r , or both are p r .

I am assuming you are singaporean while your wife is p r .

The decoupling , buyer stamp Duty Plus lawyer fees to buy over your Wife share of the landed property will be less then 4% of the property value that your wife is holding , assuming your family landed is Valued at 4 million , and assuming the manner of holding was joint tenancy 50/50 ownership , meaning 4% multiply by 2m , you will be looking at paying approximately 80k for stamp duty / Lawyer fees.

After de coupling , Assuming your wife is p r , she Alone cannot buy landed property except for sentosa landed property , and p r also cannot rent out her landed property too , but your family can stay in the P R property as in your wife property , while renting out the singaporean / husband landed property .

Alternatively the p r buy a condo instead of a landed property then , Either or both properties can be rented Out .

Please note P R need to ABSD or extra 5% stamp duty when buying property , in addition to the standard BSD buyer stamp duty that all buyers pay .

Kindly contact me contact joanne chia at hp 8333 3327  for a no obligations chat for your property needs, i can explain farther or clarify etc .

My charges are 1% for exclusive selling rights to your property, or 2% for open listing if you wish to sell your property .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY or landed property BUYERS.

Joanne chia.
Hp 8333 3327  Read More

Hi,

1) Decoupling is referring to changing the ownership from 2 to 1, usually only applicable to a married couple.
2) Yes, decoupling means a married couple can own 1 property each by themself.
3) Legal fees for decoupling usually range from $6.5k to $8k because there are 2 law firms needed in the legal process.
4) SPR cannot own a landed property by him/herself in the first place unless received an IPA from SLA LDAU.

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

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Sir,

Yes, you're right. Decoupling means to remove one owner's name out of the property. Legal fee for such is in the range of $6k+.

For SPRs to purchase landed properties, you will require LDAU's approval. You application would be assessed and decision would be on a case-by-case basis.

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