What is Decoupling Property in Singapore and How Does It Work?
Decoupling property refers to the process of transferring ownership of a property from joint ownership to sole ownership. In Singapore, decoupling is often used by couples going through a divorce or separation to divide their assets. It can also be used by couples who want to take advantage of the Additional Buyer’s Stamp Duty (ABSD) remission for first-time home buyers.
Decoupling involves one party buying out the other party’s share of the property. This can be done through a cash payment or by refinancing the property to remove one party’s name from the mortgage. Once the property is in one party’s name, they can sell or refinance the property without the other party’s consent.
Our lawyers have completed at least 100 decoupling cases. Speak to our lawyers at 8780-2499 to get your decoupling completed smoothly with us.