Decoupling loophole; plugged.

Chances are, if you know what “decoupling” is, you are  either a property agent or above a certain, ahem, middle age. =)

To put it very  simply, married couple (husband + wife) of HDB will have one spouse transfer the co-ownership to the other spouse. The spouse who transferred it, will have the his/her name “cleared”, and eligible to buy a private property under his/her own name. There will be no ABSD, since it is technically your first property. Hence a married couple can still own their HDB + private  property. (without paying ABSD)

Of course, you are solely dependent on each other’s trust,  don’t  end up in  divorce, and complicate the entire situation when time comes to splitting up the asset.  Personally, I don’t think couples who just got married, should consider this . (moot point now anyway, since the rule has changed)

I am not advocating any moves here. The purpose of the post is just to show how creative we , Singaporeans, are to able look for loopholes, and the Govt’s proactive approach to plug any loopholes that may benefit any particular group of people.

The above rules don’t apply to me, as  I am going down the same route as SMOL here =) hopefully, the oversupply of ECs will cause the Govt to open up the net and cater to the single citizens. ( doesn’t hurt to dream, isn’t it)


6 thoughts on “Decoupling loophole; plugged.

  1. Hi FC,

    I may be wrong but when you decouple, you also have to pay back HDB the grants you received as a married couple. Of course, this might still be less than the ABSD that one may have to pay.


    1. yeap, thats right. all the grants, you have to repay back.
      if you used CPF, then you have to pay your spouse the principle and interest too.
      but its essentially, one pocket out, one pocket in. if you know what i mean.


  2. Quote: “The above rules don’t apply to me, as I am going down the same route as SMOL here =) hopefully”

    Men has longer shelf life. In their 40s, they are still young to find their soul-mate

    Read? Eat To Live or Live To Eat???

    Createwealth888825 July 2015 at 10:08:00 GMT+8

    My colleague decided to give up the option for early retirement and got married in his 50s and a daughter now in primary school. He told me that he got used to the mistaken identity as Grandpa.


    1. CW8888,

      haha. what you said, reminds me of something…

      i cant remember the exact chinese saying, but it does something like. “nan ren wo shi, yi tiao long”?
      loosely translated, “men at 50s is a dragon”


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