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)