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Dear Ranjit,
As a buyer, you do not pay any fees. So, why not use this to engage an agent who will work with you to give you the best investment advice.

As de-coupling cost monies, it is better if you do not include your spouse from the very start. If you can, just purchase under a single name and avoid the red tape.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

In this case, is husband's salary sufficient to undertake sole ownership for this property you intend to purchase? Given the plan to purchase a 2nd property under wife's full ownership, instead of incurring the legal fees on the part sale down the road, this amount can be saved up for the next property even if the amount can be small.

I have been in the real estate business since 2009, with more than 13 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.

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Geryl Lim
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Good morning Ranjit,

Yes this is an optimal way to structure the asset progression so to minimize the stamp duties and to expand the property portfolio. Based on the info shared, some of the considerations that come into mind that you may want to take note is whether which property is the higher price value? Typically the higher income earner will be the purchaser of the higher value property since he/she can take a higher loan. The other consideration will be since legally each property is individually owned, if the relationship goes south, the non owner has not much recourse to get back the funds allocated to that property.

I have helped a few clients to do the same asset structuring and will be happy to share more pros & cons tailored based to your situation. Happy to explore further together and I'm contactable at wa.me/6597432395 .

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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Property Buyer Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan!

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Hi Ranjit,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes this method is recommended and it is widely used too.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Ranjit,

As both of you are SPRs, I do not understand why do you need to go through this hassle, unless you're not able to secure a good enough loan for your first property?

As SPRs, your first property purchase will incur 5% ABSD, and by doing what you mentioned, there's no savings in terms of ABSD. On the contrary, you're incurring more fees by way of SSD (if you transfer within first 3 years) and legal fee.

My advise is to purchase 1 property each under your sole name. This is more straight-forward and you will incur less cost. If loan is a concern, there are other methods to secure a higher loan amount which you may wish to consider.

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Ranjit,

1) There is no law that prohibits buyers from their property ownership arrangement.
2) However, do note that IRAS might enquire about your intention on such an arrangement, especially when the amount of money contributed to the property is highly unequal.
3) In your case, it shouldn't be an issue since the husband who is earning a higher income would be contributing to the majority of the share in the property, though it is not exactly equal to the value of the share.
4) Most important is such an arrangement is not meant to evade tax, because tax evasion is a crime.

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

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