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Dear sir,

ABSD is applicable at 5% of the purchase price or valuation whichever is higher for purchasing the 1st residential property in Singapore. If purchased together with the wife who is a Singapore citizen and already own 1 residential property under her own name, the ABSD applicable will be 12% as it will be her 2nd residential property in Singapore, and the higher of the applicable ABSD applies in this situation.

The important consideration will definitely be the financing options available as a single buyer (loan eligibility on top of downpayment required).

If you are fine, we can work out the numbers together such that you will be able to know more about what are the options ahead you have.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi,

1) ABSD for PR is 5%.
2) PR is allowed to buy private property under a single name subject to 5% ABSD.
3) If buy with SC as a matrimonial home will not incur any ABSD. This is applicable when SC does not own any property.
4) SC owns 1 property and buy with PR as a matrimonial home will incur 12% ABSD. Since this is SC's 2nd property.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes he could go ahead to purchase a property in his sole name and ABSD will apply.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Yes, if SPR is above age 21, and purchases a first private property under his own name, 5% ABSD is applicable.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

Can I check if the wife is owning a HDB or private property? There is a difference as HDB does not allow spouses of HDB to purchase a private property within 5 years MOP. There is no restriction if the wife's HDB has reached 5 years MOP or is a private property. ABSD of 5% do apply. My service for purchase of private property is 100% free. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi

Anyway just to add that 5% ABSD do apply for PR purchasing a private property.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More