Asked by
Currently my husband and his brother co-own a private property that is fully paid. Can I buy my husband's share? The price can it be self-determined? What will be the cost involved?
0
135 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

6 Answers

If your husband has utilised CPF monies for this co-owned property, then the sum of CPF monies with accrued interest needs to be refunded to his CPF account. Do you require to take up a home loan to finance the portion you intend to buy over? Relevant buyer stamp duties will be involved and if the unit was purchased less than 3 years back, your husband will also be required to pay Seller's Stamp Duty.

I have been in the real estate business since 2009, with more than 14 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
Senior Division 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
Costs Involved:

Stamp Duty: You'll likely pay Buyer's Stamp Duty (BSD) on the purchase price of your husband's share. The exact amount depends on the property value. You can use the Inland Revenue Authority of Singapore (IRAS) website (https://www.iras.gov.sg/taxes/stamp-duty/for-property) to calculate the estimated BSD.If the property was purchased less than 3 years ago, your husband might also need to pay Seller's Stamp Duty (SSD) when transferring his ownership share to you.

Legal Fees: You'll need a lawyer to handle the transfer of ownership. Fees vary depending on the lawyer's experience and the property value.
Additional Considerations:

Mortgage: If you need financing to buy your husband's share, you'll need to apply for a mortgage from a bank or financial institution.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
1
Robbie Chen Chee Howe
Hi Mdm,

May I know if the property is held under Joint-Tenancy, or Tenancy-in-Common?

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
1
Joey Ong 王祖鸸
Dear Madam,

Yes you can buy over your husband share.

The price will be at the price agreeable by both seller and buyer at market value.

You will need to get a bank loan for buying yr husband’s share. You will pay buyer stamp duty, which is 3% below $1M and so forth. You will also pay legal fees for handling of the transfer of ownership.

Please note that if property was purchased less than 3 years ago, your husband might also need to pay Seller's Stamp Duty (SSD) when transferring his ownership share to you.

Perhaps we can meet up for a discussion? Please feel free to call me at 9436 5945  for a non obligatory discussion at your convenience? And I can share with you how I can assist you in the sales.

I am active & experienced agent in renting, buying and selling and have assisted many happy sellers in their sales of houses for the past 14 years with good track record. You can take a look at my profile in our websites www.simplyhappyhomes.com or even talk to our previous clients.

Please feel free to call me at 9436 5945  for a non obligatory discussion at your convenience.

Thanks and Regards,

TESTIMONIALS from our Happy Clients:

“We'd like to thank you …for assisting with the sale of our previous flat and purchase of our current home. You have kept us regularly updated throughout the process and demonstrated integrity during negotiations and final transactions. You have basically earned our trust as truly hard-working, diligent property agents. Would gladly recommend you to others. Wishing you all the best in your future endeavours. “ Mr Nathan

“It has been our pleasure working with you for the disposal of our flat. You have put in the effort more than what you should have in helping us manage the buyers especially the Tan family.
We did also see the assistance you've provided to the Tan family where they were not represented by any agents and we've been impressed by your professionalism & not to mention the time you've taken to travel, at the buyers request, etc, etc.
We appreciate your efforts and wishing you both prosperity as we usher into the year of the Snake.
Thank you” Ms Karen

Ong Joey (CES, BBM[SMU])
Marketing Director, ERA Realty Network Pte Ltd
CEA Reg. No: R011492A
Email: joeyongproperty@gmail.com Contact | (+65) 9436 5945 
Website: https://simplyhappyhomes.com/

Follow me on social media and get latest property info & tips!:
FB: https://www.facebook.com/simplyhappyhomes
Youtube: https://www.youtube.com/channel/UCyrZ5anG1_ji2rCLizHaMlA
Tiktok: https://www.tiktok.com/@simplyhappyhomes Read More
0
Mani Subramanian Veeramani
Hi there!

- Yes, you can buy your husband's share of the co-owned private property.
- The price can be self-determined between you and your husband, but it’s advisable to get a valuation for a fair market price.
- Costs involved will include legal fees, stamp duty, and possibly additional taxes, depending on the agreed purchase price and current regulations.
- Consulting a property lawyer can help ensure the process goes smoothly and all legal requirements are met.

If you need personalized advice or assistance with the transaction, feel free to reach out to me anytime. Thank you!

Family realtor solved 1000+ property problems,
- Mani Subramanian Veeramani
Social Media Tags: @AskRealtorMani #AskRealtorMani /AskRealtorMani
https://wa.me/6583004411
Top 1% Real Estate Voice LinkedIn Singapore
https://www.linkedin.com/in/AskRealtorMani/
PS: Here is the list of Below Market Value Properties
https://linktr.ee/AskRealtorMani Read More
1
Hi, appreciate your sharing. It depends whether you purchase using any loan. Legal fees and stamp duty required.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions