Asked by lychan sg
Why is buying a private property in 99-1 arrangment illegal
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7 Answers
Buying private property in 99-1 arrangement is not inherently illegal. However, attempting to avoid taxes is illegal.
It sounds like you are weighing options for asset ownership and progression.
I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more.
Feel free to reach out and I can support.
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
It sounds like you are weighing options for asset ownership and progression.
I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more.
Feel free to reach out and I can support.
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
It is not illegal as long as there is no evading of tax involved. If you like to do so, I can work out the arrangements for you.
The illegal arrangement basically is not termed 99-1 but rather, 100-1.
——
I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
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.
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
Deputy Branch Associate Director
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
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
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/
-----
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
The illegal arrangement basically is not termed 99-1 but rather, 100-1.
——
I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
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.
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
Deputy Branch Associate Director
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
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
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/
-----
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
1
Hi,
1) Buying any property in 99-1 arrangement is not illegal.
2) However, when buying under such arrangement to evict/reduce tax payment is illegal.
3) Those you have read from news were usually those who bought new launch where they don't need bank to disperse home loan immediately upon completion.
4) They add in a new owner at 1% share so as to pay minimum ABSD at a later date. This action is deemed to be evicting from paying the whole property value ABSD.
5) If you are buying a property and have both owner under 99-1 arrangement and pay the full ABSD if applicable is perfectly alright.
6) You should consult a lawyer advice with your intention to ensure that everything is legal.
All The Best!!!
Hope the above answer to 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
1) Buying any property in 99-1 arrangement is not illegal.
2) However, when buying under such arrangement to evict/reduce tax payment is illegal.
3) Those you have read from news were usually those who bought new launch where they don't need bank to disperse home loan immediately upon completion.
4) They add in a new owner at 1% share so as to pay minimum ABSD at a later date. This action is deemed to be evicting from paying the whole property value ABSD.
5) If you are buying a property and have both owner under 99-1 arrangement and pay the full ABSD if applicable is perfectly alright.
6) You should consult a lawyer advice with your intention to ensure that everything is legal.
All The Best!!!
Hope the above answer to 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
1
A “99-1” arrangement—where one person legally owns 99% and another just 1%—is considered illegal in Singapore for private property purchases because it is treated as a form of ABSD (Additional Buyer’s Stamp Duty) evasion.
Here’s why:
1. Purpose of ABSD rules: The authorities use ABSD to regulate property ownership and speculation. A 99-1 split is seen as a way to make someone appear like a minority owner on paper while actually enjoying full ownership benefits, which circumvents ABSD.
2. Legal risk: HDB and private property laws require that ownership percentages reflect real beneficial ownership. Misrepresenting this to reduce ABSD or other duties is considered fraudulent.
3. Enforcement: If detected, IRAS can demand full ABSD payment, plus penalties and interest. The property purchase could also be challenged or voided.
In short, the law sees a 99-1 ownership as a sham transaction, not a genuine ownership structure.
If you want, I can explain legal alternatives for structuring co-ownership without falling foul of ABSD rules. Read More
Here’s why:
1. Purpose of ABSD rules: The authorities use ABSD to regulate property ownership and speculation. A 99-1 split is seen as a way to make someone appear like a minority owner on paper while actually enjoying full ownership benefits, which circumvents ABSD.
2. Legal risk: HDB and private property laws require that ownership percentages reflect real beneficial ownership. Misrepresenting this to reduce ABSD or other duties is considered fraudulent.
3. Enforcement: If detected, IRAS can demand full ABSD payment, plus penalties and interest. The property purchase could also be challenged or voided.
In short, the law sees a 99-1 ownership as a sham transaction, not a genuine ownership structure.
If you want, I can explain legal alternatives for structuring co-ownership without falling foul of ABSD rules. Read More
(✔1) A 99–1 ownership structure on its own is lawful. The arrangement itself does not break any rules.
(✔2) The issue arises only when the structure is used with the intention of avoiding or reducing taxes, which is against the law.
(✔3) Most reported cases involved new launch properties, where loan disbursement timing made such arrangements easier to manipulate.
(✔4) In those cases, an extra owner was added later with a very small share to minimise Additional Buyer’s Stamp Duty, which is treated as tax avoidance.
(✔5) A 99–1 purchase is acceptable if all required taxes, including full ABSD where applicable, are properly paid upfront.
(✔6) Always seek legal advice before proceeding, so your intent and structure remain fully compliant with the law.
✔ “Integrity is doing the right thing, even when no one is watching.” — C. S. Lewis ✔
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
----------------------------99Years--------------------------------999Years--------------------------->>>
IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.
WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255 or via this link:
https://wa.me/6598569255
Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.
You can READ my REVIEWS here:Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
For PRIVATE HOME BUYERS
✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge
✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents
DEVELOPER SALES TEAM
✔✔ BEST PRICES ✔✔ NO AGENT FEES
✔✔ LOWEST PRICE GUARANTEED
For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.
✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255
WhatsApp: https://wa.me/6598569255
---///------
如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。
✔✔ ABLE TOH（65）9856-9255
WhatsApp：https://wa.me/6598569255
查看我的客户评价：
Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费
发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价
新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。
✔✔ 新加坡联系号码（ABLE TOH）：（65）9856-9255 Read More
(✔2) The issue arises only when the structure is used with the intention of avoiding or reducing taxes, which is against the law.
(✔3) Most reported cases involved new launch properties, where loan disbursement timing made such arrangements easier to manipulate.
(✔4) In those cases, an extra owner was added later with a very small share to minimise Additional Buyer’s Stamp Duty, which is treated as tax avoidance.
(✔5) A 99–1 purchase is acceptable if all required taxes, including full ABSD where applicable, are properly paid upfront.
(✔6) Always seek legal advice before proceeding, so your intent and structure remain fully compliant with the law.
✔ “Integrity is doing the right thing, even when no one is watching.” — C. S. Lewis ✔
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.
----------------------------99Years--------------------------------999Years--------------------------->>>
IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.
WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255 or via this link:
https://wa.me/6598569255
Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.
You can READ my REVIEWS here:Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
For PRIVATE HOME BUYERS
✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge
✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents
DEVELOPER SALES TEAM
✔✔ BEST PRICES ✔✔ NO AGENT FEES
✔✔ LOWEST PRICE GUARANTEED
For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.
✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255
WhatsApp: https://wa.me/6598569255
---///------
如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。
✔✔ ABLE TOH（65）9856-9255
WhatsApp：https://wa.me/6598569255
查看我的客户评价：
Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费
发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价
新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。
✔✔ 新加坡联系号码（ABLE TOH）：（65）9856-9255 Read More
Hi,
Purchasing under Tenancy-in-Common under 99/1 arrangement is NOT illegal. It is perfectly LEGAL, and I have some clients who bought under this arrangements as well.
However, purchasing under such arrangements with the aim to evading tax is illegal.
With extensive experience spanning both HDB resale and private property transactions, I possess a comprehensive understanding of the market that can guide your specific property goals. Whether you are looking to buy, sell, or invest, I am ready to provide a tailored assessment of the current opportunities available to you.
For a confidential and in-depth discussion, please feel free to contact me directly at +65 97 48 63 05.
Best regards,
Robbie Chen
PropNex Realty
+65 97 48 63 05 Read More
Purchasing under Tenancy-in-Common under 99/1 arrangement is NOT illegal. It is perfectly LEGAL, and I have some clients who bought under this arrangements as well.
However, purchasing under such arrangements with the aim to evading tax is illegal.
With extensive experience spanning both HDB resale and private property transactions, I possess a comprehensive understanding of the market that can guide your specific property goals. Whether you are looking to buy, sell, or invest, I am ready to provide a tailored assessment of the current opportunities available to you.
For a confidential and in-depth discussion, please feel free to contact me directly at +65 97 48 63 05.
Best regards,
Robbie Chen
PropNex Realty
+65 97 48 63 05 Read More