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This is absolutely possible based on existing regulations as long as the couple fulfill all other eligibility criteria.

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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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All owners and occupiers listed in the flat may invest in private residential property after the minimum occupation period. However, you must continue living in the flat after the purchase of the private residential property unless you have obtained HDB’s prior approval to rent it out.

As you pointed out, there are massive implications on tax, financing, and policy considerations you need to take note of, which could make or break your property investment journey.

Sounds like you are exploring your options for decoupling and asset progression down the line. I will be happy to walk you through all the policy considerations, tax considerations, market trends, property analysis, opportunity spotting, financial calculations, price projections and more.

I'm a Harvard graduated real estate agent with a degree in economics, with a decade of experience in Singapore public policy. I have supported clients on more than $1 billion in transactions. If you are going to make this significant life and financial decision, why not consider allowing a professional such as myself to support you?

Please reach out via my contact details below, and we can arrange a free consultation. :)

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi

As of prevailing regulations, yes the Owner-Occupier arrangement is possible for hdb purchases. After MOP of 5 years is fulfilled, both owner and occupier can both purchase the next private property no issue, just that the ABSD will come in for the owner as its his or her 2nd property, whereas no ABSD applies since it will be considered his or her first property.

The downside for owner occupier arrangement is that the occupier's income will not be recognized for loan, and CPF OA cannot be used for the purchase or future mortgage repayments. So this arrangement is more for buyers who can afford to fund the house on single income. The occupier also technically has no say on the property since he/she is not the legal owner.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.

Buyer
Mr Wang & Ms Ng
We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Sir/Mdm,

Yes this is possible under the current HDB rules and I have assisted some of my clients to structure their purchase in this manner.

In terms of restrictions, only one of you will be the owner and therefore the loan will only be assessed under a sole income and only the owner's CPF can be utilised towards the house. Both of you will also need to be comfortable with this arrangement because under the eyes of the law, there is only 1 legal owner. If your current place is under a HDB loan and you intend to take another HDB loan for the new place, the cash outlay is also higher for such a case.

Please feel free to contact me so that I can understand your intentions better and assist you further!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
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Testimonial from my Clients
Nick is THE absolute best agent, guide to navigating the property market in Singapore. From selling to buying, he manages to get the absolute highest when selling and negotiators to the absolute lowest when purchasing. (So double win for me!). In fact, I bought my new home at the absolute lowest transaction across all the transacting homes. Most agents would just give vanilla advice, he puts scrutiny into every potential choice we were making by advising potential gains, rental yields, back up plans. I think we went through a whole list of more than 20 + before narrowing down to a few high potential properties! Super responsive to our questions and handheld us through the process and even answered questions in the middle of the night. Would absolutely recommend working with Nick for anyone looking to buy, sell or just advice!
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Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
Eileen Chen (Seller) June 2024

During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide update and advice on the offers. We are grateful that he helps us to negotiate for a good price for our home. In summary, Nick is dedicated, resourceful, trustworthy and willing to take challenges.
Sunny Ng (Seller) April 2024

Selling our house was a pretty stressful ordeal, as we have already committed to buying our new home and hence have a timeline to meet. Losing a substantial deposit and worse still, not getting our dream home caused many sleepless nights as we are nearing our deadline. I am very glad we have decided to switch to Nick and seek his help after the dismal performance of our first agent. Not only is Nick very patient in expl Read More

Good day to you,

I have supported numerous couples in acquiring resale HDBs under comparable circumstances.
Nonetheless, the main applicant needs to exercise financial prudence in securing the necessary mortgage amount to enable the purchase.
Let's get together for a discussion and turn the plan into reality.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
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Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

1. Yes, under current rules, an Owner-Occupier setup is allowed for HDB purchases. After meeting the 5-year Minimum Occupation Period, both parties may jointly buy a private property. However, the legal owner pays Additional Buyer’s Stamp Duty (ABSD) as it’s considered a second property; the occupier does not, since it’s treated as their first.

2. A key trade-off: the occupier's income isn’t factored into loan eligibility, and their CPF cannot be used for the purchase or loan servicing. This structure suits those financially strong enough to buy using one income alone.

3. Legally, the occupier holds no ownership rights and thus has no authority over the property, limiting their control or say in decisions.

As John D. Rockefeller once said, “Own nothing, control everything.”
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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Hi,

1) This is very common in the 60/70's where the man is usually the only sole bread winner.
2) Thus, the HDB will not stop such arrangement as interest lied with the couple and not the HDB.
3) The core occupier will only need to observe the same MOP & private residential property restrictions as the owner.
4) The core occupier can buy his/her private property after meeting the MOP.
5) The IRAS will then count the local residential property under his/her belt to determine whether need to incurr ABSD.
6) The implication of such an arrangement would be only the owner's CPF OA funds can be utilized in paying the downpayment, stamp duty and servicing the mortgage.
7) Thus, when the sole owner has difficulties in servicing the mortgage with his/her account. The core occupier can only help in cash and not using the CPF.
8) This kind of arrangement is best to have when both parties have full confidence with each other. It will become extremely sticky and complicated if there is a dispute on who contribute more to the family.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, 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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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