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Transfer of Partial Interest Amongst Co-owners

2016-06-02T07:11:13+08:00

Where a Property Owner already owns a partial interest in a property (either as joint tenant or tenancy in common), the Additional Buyer Stamp Duty (ABSD) rate [based on 11 Jan 2013 Property Measure] applicable for the acquisition (eg. purchase) of additional interest in the same property will depend on the number of properties he […]

Transfer of Partial Interest Amongst Co-owners2016-06-02T07:11:13+08:00

Singapore Property Measures announced on 11 January 2013

2016-06-02T07:09:53+08:00

Singapore Government has on 11 January 2013 introduced a slew of measures to dampen the demands of private and public housing, and also industrial properties. Housing loan measures are also introduced.
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Singapore Property Measures announced on 11 January 20132016-06-02T07:09:53+08:00

What is the meaning of “residential property”?

2016-06-02T07:07:28+08:00

It means all residential landed properties, including vacant land, detached houses, semi-detached houses, terrace houses; and any land or building zoned or gazetted for residential purposes.

Approval will have to be obtained from the Minister for Law to purchase any of the above.

What is the meaning of “residential property”?2016-06-02T07:07:28+08:00

Are HDB and conservation shophouses considered as restricted residential properties?

2016-06-02T07:06:41+08:00

If the shophouse (mixed commercial and residential use) is not strata subdivided and is in an area zoned for commercial use, it is not a ‘residential property’ within the meaning of the Residential Property Act.

If the shophouse (mixed commercial and residential use) is not strata subdivided and is in an area zoned ‘residential’ within the […]

Are HDB and conservation shophouses considered as restricted residential properties?2016-06-02T07:06:41+08:00

What is the meaning of “foreign person”?

2016-06-02T07:05:20+08:00

Foreign person as defined in the Residential Property Act includes:

  1. person who is not a Singapore citizen
  2. a foreign company; and
  3. a foreign society
What is the meaning of “foreign person”?2016-06-02T07:05:20+08:00

What are the properties a foreign person can acquire without having to apply for approval under the Residential Property Act?

2016-06-02T07:03:58+08:00

A foreigner may buy the following types of properties:-

  1. a flat or apartment in a building (irrespective of levels) (including an HUDC Phase I or Phase II flat and a privatised Phase III or IV flat). However, the foreigner may not buy all the units within a Development.
  2. an unit in an approved condominium development.
  3. a leasehold estate […]
What are the properties a foreign person can acquire without having to apply for approval under the Residential Property Act?2016-06-02T07:03:58+08:00

I wish to transfer my share in my property to my co-owner or third party by way of gift

2016-06-02T06:59:28+08:00

This is a common issue raised, especially between co-owners of a property (real estate). An owner wishes to transfer his share (undivided half share or a % share) in the property without any consideration to his co-owner(s) and/or third parties (eg. his wife or his mother).

Usually there are 2 scenario, namely:-

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I wish to transfer my share in my property to my co-owner or third party by way of gift2016-06-02T06:59:28+08:00

What is the effect of a gift of property?

2016-07-09T23:31:00+08:00

Transaction is Voidable

For gift of immovable property within 5 years from the date of the relevant bankruptcy application in which the grantor is adjudged bankrupt, the gift is voidable at the option of the Official Assignor (OA) who may apply to the Court for the relevant orders under the Bankruptcy Act (Cap. 20) subject to the relevant provisions of […]

What is the effect of a gift of property?2016-07-09T23:31:00+08:00

Can I make a gift of my property during my lifetime?

2016-06-02T06:57:50+08:00

Yes, you may, but you have to engage a Lawyer to draft the Deed of Gift, and request for his advice on the effects and consequences of a gift of real property.

Can I make a gift of my property during my lifetime?2016-06-02T06:57:50+08:00
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