Property Views
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How to decouple? Say husband and wife share name in their current property.
The husband transfer name out fm current property and go buy another under his name?
The current property will then under 1 person’s name…after the husband trf name out, the current mortgage need to be revised by the bank to see the income eligibility of the wife or not? -
MrsKiasu\" post_id=\"2107095\" time=\"1682858142\" user_id=\"43981:
Need a lot of cash to decouple . In the case u said above,I heard hubby need to pay wife CPF acct the CPF fund + interest used in the private or HDB . Yes of course bank mortgage eligibility is affected, bank at risk lei if no re - assessment . decouple the HDB flat , is lesser cash , cheaper than private
How to decouple? Say husband and wife share name in their current property.
The husband transfer name out fm current property and go buy another under his name?
The current property will then under 1 person's name..after the husband trf name out, the current mortgage need to be revised by the bank to see the income eligibility of the wife or not? -
MyPillow\" post_id=\"2107097\" time=\"1682863262\" user_id=\"70594:
Yea I was thinking there should be reassessment. Actually think of it quite ok hor for those couples just having 1 matrimonial private and both are working. For us unless G don't let us keep our hdb..very slim hope to decouple...unless I go earn proper income to qualify a loan..the current no cpf.
Need a lot of cash to decouple . In the case u said above,I heard hubby need to pay wife CPF acct the CPF fund + interest used in the private or HDB . Yes of course bank mortgage eligibility is affected, bank at risk lei if no re - assessment . decouple the HDB flat , is lesser cash , cheaper than private -
MrsKiasu\" post_id=\"2107098\" time=\"1682863963\" user_id=\"43981:
It’s good to start off with A HDB flat first , I feel.
Yea I was thinking there should be reassessment. Actually think of it quite ok hor for those couples just having 1 matrimonial private and both are working. For us unless G don't let us keep our hdb..very slim hope to decouple...unless I go earn proper income to qualify a loan..the current no cpf.
Dun think G will or can take away fist HDB flat, esp for those who paid off already.
Our era , easier to get new flat , now new couples / family need to wait long n mayb all in Tengah , Cck area , too far away to own comfort. -
Don’t think this is a good time to invest in property… as prices are relatively high. For own stay, first time buyers, should be okay … bo Bian have to pay high prices cos need a place to stay. Better to wait for next cycle for investment.
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Think HDB cannot decouple, need to be a family unit to own it. So for those with a HDB in the portfolio, will still be in scope for ABSD as will be 2nd property even after decoupling.
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Coolkidsrock2\" post_id=\"2107104\" time=\"1682872952\" user_id=\"48901:
You’re correct. The Gahman changed the rules in 2016 to close the public housing decoupling loop-hole.. so the “gift” would now incur absd. Private housing no problem as long as have $$.
Think HDB cannot decouple, need to be a family unit to own it. So for those with a HDB in the portfolio, will still be in scope for ABSD as will be 2nd property even after decoupling. -
lee_yl\" post_id=\"2068289\" time=\"1653269244\" user_id=\"17023:
Retrieve an old post dated May 2022, right after cooling measures. Liv@MB and Piccadilly Grand, both projects sold more than 75% on soft launch day right after the May 22 cooling measures.
https://www.straitstimes.com/business/property/liv-mb-condo-in-mountbatten-sells-over-75-of-units-on-launch-weekend
LIV@MB above 75% sold. The exact figure is 79.19% sold on soft launch day. Which is higher than Piccadilly Grand’s 77%.
Piccadilly Grand was the 1st big project to be launched after the cooling measures and probably the govt was shocked by the overwhelming response and the 35% ABSD (Trust) was introduced within a few days of the launch of Piccadilly Grand.
MOF mentioned that they do not have the exact figures for properties bought under trust. So despite ABSD(Trust), the property market continues to stay red-hot is driven by demand and not due to purchases under trust?
After all, LIV@MB broke Piccadilly Grand’s record by selling 79.19% on soft launch
Blossom Park is 75% sold just 2 days after another bout of new cooling measures. $2450psf somemore, it’s kind of expensive.
I am wondering who is the Minister who came out with the last few rounds of cooling measures? Seems like didn’t 对症下药。Unlike the one Tharman introduced back in 2013 which “killed” the market for at least half a year. Everyone also claim to be 1st time owner. Are they really 1st time owner buying for own stay or have they just decoupled and are actually buying with intention to rent out? Then aren’t they considered as investors too? Many such buyers can’t wait to dispose their new condo for a small profit once TOP (3yrs SSD probably over by then)
Maybe down payment for new condo can be raised to 35% or SSD increased to 5yrs? Stop thinking about using ABSD only, should think of other ways to curb the market.
Many friends & property agents I spoke to, are confident ppty market will keep rising till at least 2026 or after the next GE. I can’t tell for sure though. -
Ah Gong cant kill too much, else how to collect BSD, ABSD etc?
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I have friends who bought in the last 1-2 years and are regretting their purchase. Higher prices, interest rates and smaller space. So please think twice and reconsider if this is a good time to buy. Don’t get burnt in the heat… sweltering heat outside …
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