AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

3 Answers

Alfred Chee 徐仲宏
Replied
Hi Mr CK,

Yes, that works.

You would need to clear your outstanding mortgage if you are thinking of transferring the ownership to your relative without intention to collect any sales proceeds from your relative and you would have to pay normal buyer's stamp duty based on market value on behalf of your relative.

Let me know if you have any further queries. My pleasure to assist.

My mobile is 96428496 

Warmest regards,
Alfred
DTZ
 96428496  Read More
0
Upvote Upvoted
Mike Lim
Replied
Afternoon CK,

As long as your osheesh up status on the private property have being removed, you are eligible to purchase HDB resale unit with bank loan.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
CK Ang
Replied
Hi Mr Tan, I know your reasons where you coming from. But is this the best return you can get? Do you like to know a strategy to own 2 properties with minimum stress yet to grow wealth ? We can discuss via email.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions