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Hi Mr. Goh,

Another way is to do a decoupling of the current private property, where one of the owners remove their ownership from the current property. This name will then purchase the next property under his/her sole name. As its without any residential ownership, there will be no ABSD applicable if its singapore citizen purchasing 1st residential property.

However, de-coupling comes with its drawbacks as well, as the finances must be comfortable and of course it being a sensitive issue since now its separate ownership. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Hi Mr Goh

Please contact me at (65) 96608508  or Silviayang8@gmail.com for non-obligation discussion
Thank you.

Warmest regards,

Silvia Yang
PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi Tom,

For your situation, there will be 2 options to avoid paying the ABSD.

1) Decouple the current property that both you and wife own. One party will buy over the share from the other party. The cost involved will be the normal buyer stamp duty and the legal fees.

2) The other way is to restructure your property portfolio by selling off the current property and buying 2 properties, each under one name.

Please feel free to contact me so that I can understand your situation better so that I can make more informed recommendations!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi,

There are generally a few ways to avoid paying the extra stamp duties. The most common way would be the one that you have suggested.

Another method would be to do "decoupling" of your current private property, and then purchase the other property using the decoupled name.

There are other methods which are not as commonly used, which you may consider. Do get in touch with me for further discussion.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good evening Tom,

You can consider decoupling other than the outright method that you have in mind.

Either party buys over the other party's share. But you have to review whether is it justifiable to do so rather than simply sell off existing asset and buy two under individual names in terms of legal fees, stamp duties, paying the other party's CPF with cash etc.

Perhaps we can evaluate your existing asset in terms of its current price (whether has it peak), potential for future growth (location, property age etc) then we might have a better idea which method suits both of you better.

May I know when is it a good time to discuss and explore your options with you guys?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Good day Mr Tom Goh

Alternatively to avoid ABSD , you may consider decoupling, decoupling is NOT divorced , using a example of a one million dollar existing owned private property and a 50/50 joint tenancy ownership , this administrative exercise or decoupling will cost you approximately 15k in total , comprising of stamp duty payable to goverment and legal fees . NO property agent fees in de coupling .

There are few other factors to note , including this existing property has to be easily financed by one person cpf and income only , meaning NO co-payment except for cash co payment allowed in this property that is being de-coupled .

Kindly contact me joanne chia hp 8333 3327  for a no-obligations chat for your property needs.

If you choose not to de couple , My charges are 1% commission for exclusive ( sole agent marketing ) selling rights to your property , or 2% for open listings ( many agents marketing ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More