Swapping landed for condo - how to do this?

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itp
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Swapping landed for condo - how to do this?

Post by itp » Mon, 24 Nov 2014 10:33 am

Hi,

We have a unit in a cluster housing near Newton that is a multi storeyed townhouse kind of unit that is classified as "strata landed". We want to move into a condo instead and are looking at ways to swap it with someone who may currently be living in a condo and are looking to move into independent unit. What is the best way to go about this? We looked at property websites but they are all just venues for individual buy and sale ads. How do we go about identifying people willing to do a swap? Please advise. Thanks./

Regards

IP

Singapore Property Search

 

Nathan Rogers
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Re: Swapping landed for condo - how to do this?

Post by Nathan Rogers » Mon, 24 Nov 2014 11:52 am

You may want to check the link below. Is this what you were looking for?

http://www.ahago.com/_EN-Exchange-Rent/ ... nge-EN.cfm

itp
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Re: Swapping landed for condo - how to do this?

Post by itp » Mon, 24 Nov 2014 12:06 pm

Nah..that one seems to be a holiday home swap deal. Looking at a permanent swap/transfer of titles.

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Re: Swapping landed for condo - how to do this?

Post by brian_singapore » Mon, 24 Nov 2014 1:04 pm

Sooo... in such situations isn't the norm to sell and then buy?

I'm a bit confused; what do you hope to gain by a trade?

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PNGMK
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Re: Swapping landed for condo - how to do this?

Post by PNGMK » Mon, 24 Nov 2014 3:18 pm

I may be interested in doing a swap. If you PM me I'll send you the details of where I live.

Is this a title swap or just swapping rental leases?
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itp
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Re: Swapping landed for condo - how to do this?

Post by itp » Mon, 24 Nov 2014 3:49 pm

Could be a title swap or a rental swap. There are benefits of doing a swap vs. doing it individually...which I am sure you can figure out if you think through the process involved.

Nathan Rogers
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Re: Swapping landed for condo - how to do this?

Post by Nathan Rogers » Mon, 24 Nov 2014 6:24 pm

Send me a private message. I live in a condo and would consider this swap. Thought through this and makes sense.

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Re: Swapping landed for condo - how to do this?

Post by zzm9980 » Tue, 25 Nov 2014 1:05 am

brian_singapore wrote:Sooo... in such situations isn't the norm to sell and then buy?

I'm a bit confused; what do you hope to gain by a trade?
I agree, seems scammy. If both properties are each valued exactly equally, *maybe* it could make sense to avoid some fees and extra paperwork. But it seems you're forgoing legal protections opening yourself up to a lot of potential risk just to save some taxes and fees.

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Re: Swapping landed for condo - how to do this?

Post by x9200 » Tue, 25 Nov 2014 5:02 am

It seems even more scammy with some orchestrated or so looking responses.

Edited: After checking, nobody should be really surprised knowing that Nathan and itp post from the same IP.

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