Your objective
You landed on this article for the following reasons
- You are looking for a property transfer lawyer to clarify your doubts and reconfirm the legal positions for a property plan that you have got in mind
- But knowing which lawyer can and is willing to clarify your questions quickly is hard to find. We know the hassle as we went through the process of doing it.
- You are planning to transfer shares in your property to your spouse or have your spouse transfer his or her share to you.
- You have got several legal queries that you like to confirm before firming up next steps.
Focus of this article
In all transparency, by no means this article aggregates all lawyers in Singapore that specialise in transfer of property via gifting or part sale and purchase.
This article features the lawyers that we have personally worked with, contacted or consulted in our course of work assisting our readers in transferring of property ownership via gifting and decoupling.
We shortlisted and highlighted the law firms that will address your queries with the greatest speed and accuracy.
As a side note we have written a comprehensive guide on “How to transfer share in property to spouse by gifting ?” which could be relevant.
Quick Introduction – Decoupling Expertise
We are a team of realtors that thrive in complex real estate situations. We pride ourselves in helping our client navigate and derive the best strategies to own their 2nd and 3rd properties in Singapore.
Our capabilities fall within the intersection of real estate investing, financing strategies and real estate legal and regulatory consideration.
Topics that fall within our niche, comprise the following.
- Transfer of share in property via gifting
- Decoupling property to minimise ABSD on second property
- Structuring HDB ownership for future ownership of second property
- Property portfolio optimisation for owners planning for retirement
- Property inheritance and next steps consideration
- Alternative property investment – industrial and commercial property investing
- Property consideration in view of divorce
- Reverse equity loan to unlock equity from current asset
What sets a good property transfer lawyer apart from another ?
In essence the process of transferring a property via gifting or part purchase and sale is a rather straightforward process.
In our opinion, the following factors set a good property transfer lawyer apart from an average.
Responsiveness
You like your queries and doubts re-affirm in hours not days or weeks.
You should be able to get to a knowledgeable lawyer or experienced legal secretary quickly via a phone call or even better via WhatsApp.
Emailing is less resort, face to face visit on the first attempt is very cumbersome.
Willingness to share information
Having said that, the execution process of a transfer of property owner via gifting or part purchase is pretty standardised.
The challenge lies in having many questions to be answered before proceeding.
You would want to have your doubts clarified before proceeding with execution. Hence the lawyer’s willingness to invest some time upfront to clarify your doubts would be very helpful in speeding things up.
Quality of execution
Ok this is a point that is hard to quantify from the lens of a non legal practitioner.
Taking this with a pinch of salt. From our experience working with numerous readers on the gifting and part purchase procedure with the goal of purchasing a 2nd property.
We have come across lawyers that placed extra emphasis in ensuring that the execution procedure holds up in the long term, anticipating future changes in regulation based on current IRAS case precedence.
This serves as a double edged sword, a plus point for readers that value safety but a minus for readers that are looking at flexibility.
Questions that could be on your mind pertaining to transfer of property ownership via gifting.
Common questions that you would like to clarify with lawyer pertaining to transfer of property via gifting.
- Q1. What are the critieria that you need to satisfy before being able to transfer share in your property via gifting ?
- Q2. Do you have to refund one party or both partys’ CPF utilised in the property when giting a property ?
- Q3. What are the legal implications of transferring share in a property via gifting to a spouse or child ?
- Q4. Do you need to acquire a court order to sell your property during the 3 year wait out period after gifting ?
Before we venture further, the following article “5 key disadvantages of transferring property as a gift” could help answer some of the questions that could be top of mind.
#1 – Advent Law LLC
Has a dedicated legal team working specifically on share transfer via gifting and another team working specifically on share transfer via part purchase, aka decoupling.
From our interaction with the firm’s lawyer, they place a lot of emphasis on exercising rigour in ensuring the process is executed with high standards. The answers to our questions may not be the fastest, but the answers are clear and precise.
Both legal secretary and firm’s lawyers are friendly and open to clarify queries and proficient in answering questions.
They are readily contactable via phone call.
Ratings
- Answering Preliminary Queries – 4 out of 5 stars
- Responsiveness – 3 out of 5 stars
- Price – 3 out of 5 stars
- Google review – 3.5 out of 5 stars
Price for transfer of property via gifting
- $4,500
Contact Details
- Office – 6883 2718
- Email – mail@adventlaw.com.sg
Address
- 111 North Bridge Road Peninsula Plaza # 25-03 Singapore 179098
#2 – Golden Law LLC
A boutique law firm that has been established for a long time. Phone enquiries are managed by an experienced legal secretary that displays experience and familiarity in handling procedure with regards to both gifting of shares and part purchase and sale of share.
When addressing detailed enquiries with regards to technical details like how long is the bankruptcy claw back period for transfer of property as a gift, procedure of discharging CPF for owners that are looking to transfer share via gifting, were all well addressed.
Legal secretary is patient and willing to invest time in sharing pointers in detail over the phone. With this in mind, this could be firm that is suitable for readers that have got multiple questions to clarify and appreciate detailed explanation.
Ratings
- Answering Preliminary Queries – 4.5 out of 5 stars
- Responsiveness – 3 out of 5 stars
- Price – 3 out of 5 stars
- Google review – 4.1 out of 5 stars
Price for transfer of property via gifting
- $4,500
Contact Details
- Office – 6737 2968
- Email – mona@goldenlaw.com.sg
Address
- 51 Goldhill Plaza #18-06 Singapore 308900
#3 – YY Lee LLC
Really appreciate the responsiveness for this law firm, dropped a query with regards to gifting of shares in a property and received a whatsapp message for follow up within 5 mins.
And what’s helpful is that the legal counsel was the one personally contacting for follow up. This saves the hassle of working through admin staff or legal secretary to gain clarification on next steps.
The legal counsel response to questions with regardings to property share transfer were precise and to the point as well.
Ratings
- Answering Preliminary Queries – 3.5 out of 5 stars
- Responsiveness – 5 out of 5 stars
- Price – 3 out of 5 stars
- Google review – 5 out of 5 stars
Price for transfer of property via gifting
- Without outstanding loan – $4900 (inclusive of $300 valuation fee)
- With outstanding loan – $5400 (inclusive of $300 valuation fee)
Contact Details
- Mobile – 65 8780 2499
- Office – 8780 2499
Address
- 2 Havelock Road #06-17, Singapore 059763
Like to have your doubts pertaining to property share transfer clarified with even more speed ?
Drop us a text, and we will connect you directly with a recommended lawyer via whatsapp directly.
