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Hi there, I am currently staying with my husband and my mother-in-law in a landed property which is co-owned by them and my husband's siblings (one bro and one sis). My husband is paying for the loan using his CPF and cash; his sister using CPF only and me paying cash only. Is it possible for me to 'buy over' his siblings' share since they are not paying for the house and they also intend to get their own property? His brother is staying overseas and does not intend to return.
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1 Answer

Daniel Tan
Replied
Hello!

Good day to you!
I’m Daniel Tan from Huttons.

Yes it is possible to buy over their share of the property. However do take note of the additional buyer stamp duty and buyer stamp duty that will be incurred during the internal purchase/transfer. The stamp duty will be calculated based on the property valuation or the sales price whichever is higher.

Do also take note of the the seller stamp duty applicable to the seller if the property is purchased within 4 years.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More
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