Hi,

Need some advice on my scenario below and option that i could explore.

I bought a condo with my sister a while ago (it’s in construction). Both of our name are in the property title as well as loan (she’s the principal). My sister would like to take 100% ownership hence she will be servicing the loan by herself. May i know

1. What are the option that i could be removed from both property title and loan without need to pay thousands of stamp duty?
2. If option #1 is not viable, any idea how i can strike off my name from the property title but retaining my name in the bank loan? (In the sense that i’m willing to do so)

Thank you

It depends on whether the strata title is issued.

If not, then you can discuss with the developer whether they allow to omit your name.

On the other hand, banks are very rigid with this type of arrangement. They normally want the 'selling' and 'buying' between you and your sister to take place plus the cancellation and reapplication of loan. You can approach the bank to try your luck.

A joint owner name cannot be simply "omitted" in a SPA when it is already signed and stamped, especially with the property is tied to the bank loan.

I didnt specifically said it can be done.

Put in the will, bayar lawyer saja...

A property dispute between siblings can occur before death esp only one is paying for the loan and the other one claiming 'equal' ownership.

No others way...refinance loan but have to pay lawyer fees

if the property still under master title, to strike off your name from the spa agreement, please refer back to developer.
if the property have its strata title ready, please do trasnfer from developer to your sister directly in land office with prior notice to developer.


If you wish to do clear cut on loan, you need to
1. finish the loan asap
2. refinannce the property to remove your name from loan agreement

please refer professional lawyer on their advice. Please check with them to advise for best solution for you.