Hi,
1) I have been seeing similar questions again and again.
2) Most people are thinking that adding names to a property is an administrative process, but unfortunately, it is not that simple.
3) The main reason is all property comes with a value thus might create a lot of implications by removing and adding names on it.
4) No matter whether this is an HDB flat, a private condo, or industrial or commercial property. Adding names to it will be subject to the respective buyer stamp duty.
5) This is regardless of whether it is adding names by the mode of a gift or buy/sell situation.
6) You will need to engage a conveyance lawyer to assist in the process. This is mandatory and not an option.
Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!
Hope the above answer your main concerns, but if there are more queries, 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
https://www.linkedin.com/in/ckling/
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly.
Read More