Property Views
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jetsetter:
Just go by way of sale instead of gift lor.Decoupling is the best way to avoid ABSD. But you need to make a calculated move and discuss with your spouse lor...If he puts the landed one or pte condo one under his name, you \"lugi\", in the event that...
But if you put yours for the more valuable ppty, make sure your income can afford to service the mortgage, if the ppty isn't fully paid up yet.
Most DW will put their name under the more expensive one
Take out the name and write an IOU for the amount of 50% of the property value. Then in the event that............ just take out the IOU to recover the amount :evil: -
ptb7476:
http://www.cnplaw.com/en/cnpupdatev2/Me ... 20ABSD.pdf based on this article hdb also can decouple[/quote]The article didn't mention anything about HDB leh..
So decoupling applies only if the property owned is not a HDB?limlim:
[quote=\"ngl2010\"]
You can read this.
https://blog.propertyguru.com.sg/12559/ ... pling.html -
limlim:
If one owner turns one turning occupier, he/she should put back the loan taken from CPF+accured interest back into the CPF OA. If CPf monies were not used then it is ok.
Just go by way of sale instead of gift lor.jetsetter:
Decoupling is the best way to avoid ABSD. But you need to make a calculated move and discuss with your spouse lor...If he puts the landed one or pte condo one under his name, you \"lugi\", in the event that...
But if you put yours for the more valuable ppty, make sure your income can afford to service the mortgage, if the ppty isn't fully paid up yet.
Most DW will put their name under the more expensive one
Take out the name and write an IOU for the amount of 50% of the property value. Then in the event that............ just take out the IOU to recover the amount :evil: -
Related to using cpf to pay the housing loan:
If I use 200k to pay for the housing loan, when I sell the house, I need to pay back 200k + the accured interest, right?
My qn: is why I hv to pay the accured interest since if I were to leave the 200k with cpf, cpf would pay me the interest?
Tks. -
starlight1968sg:
Yes. If you had left the cpf money untouched you would have earned that amount of interest from cpf board.Related to using cpf to pay the housing loan:
If I use 200k to pay for the housing loan, when I sell the house, I need to pay back 200k + the accured interest, right?
My qn: is why I hv to pay the accured interest since if I were to leave the 200k with cpf, cpf would pay me the interest?
Tks. -
jetsetter:
Not divorce but removal of one occupier's name only. I think it's possible.
HDB ownership rule can allow decoupling ?pirated:
[quote=\"jetsetter\"]Decoupling is the best way to avoid ABSD. But you need to make a calculated move and discuss with your spouse lor...If he puts the landed one or pte condo one under his name, you \"lugi\", in the event that...
But if you put yours for the more valuable ppty, make sure your income can afford to service the mortgage, if the ppty isn't fully paid up yet.
Most DW will put their name under the more expensive one
In china the decoupling of ppty ownership ended up with real divorce
http://jkfund.blogspot.sg/2014/06/hdb-decouple-topic-spr-sc-household.html
The impt thing is to get your spouse become a first-time buyer.[/quote]Not first time buyer. Is first housing loan borrower without EXISTING housing loan. If previous loan fully paid, new loan is first loan -
pirated:
But if I were to use my cpf money, then I have to pay the interest which otherwise cpf would pay me.
Yes. If you had left the cpf money untouched you would have earned that amount of interest from cpf board.starlight1968sg:
Related to using cpf to pay the housing loan:
If I use 200k to pay for the housing loan, when I sell the house, I need to pay back 200k + the accured interest, right?
My qn: is why I hv to pay the accured interest since if I were to leave the 200k with cpf, cpf would pay me the interest?
Tks.
I find it confusing. -
starlight1968sg:
No, you donch pay interest...you just put back the amount of $$$ (incl interest) which would have been if you had left that $200k untouched in CPF. The money still belongs to you.
But if I were to use my cpf money, then I have to pay the interest which otherwise cpf would pay me.
I find it confusing. -
thanks for responding.
Eg: I hv 200k in cpf a/c. I earned $1k interest from cpf.
If I were to use my 200k cpf money to pay for a housing loan, effectively I would be required to repay 200k + 1k to cpf when I sell the house, right?
This 1k would come from the proceeds of the sale and isn’t this my money ie am paying the interest which otherwise cpf would pay if I were to leave the 200k with cpf? -
pirated:
Ok strictly spkg, U r more accurate in terminology
Not first time buyer. Is first housing loan borrower without EXISTING housing loan. If previous loan fully paid, new loan is first loan
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