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Hi Valerie,

Yes SC-PR can co-own a condominium, the higher ABSD tax rate of the two purchaser profile will apply. For example, ABSD of SC first property is 0% but that of SPR is 5%. Hence the ABSD is 5% for SC-PR purchase, whereas its 0% for SC-SC.

If its SC-PR first matrimonial property, you could qualify for ABSD remission subject to IRAS approval.

Please note that BSD of 3% applies for all property purchase regardless.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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Hi Valerie

With latest changes in government measures, income/age/nature of job plays a bigger role in determining if it's better to co-own.

Feel free to contact me for discussion.
HP: 82220368 

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Good morning Valerie,

Are you purchasing with your married spouse?

If yes, both of you will not be subject to additional buyer's stamp duty as IRAS will treat it as your matrimonial home.

If not, higher stamp duty will apply for first property purchase. 0% (SC) vs 5% (SPR).

Perhaps we can meet over a cup of coffee to discuss and explore your options. From there, you will have a better idea which option suits you the most.

Hear from you soon!

- Your Leasehold Ally, Freehold Tactician -

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Hi Valerie,

Yes, SC and PR can co-own a private property in Singapore.

If the SC and PR are spouse, and that the property is meant to be their first matrimonial home, there will be no ABSD involved.

However, if the SC and PR are not married to each other, then the higher ABSD rate will apply. In this case, 5% for PR, if this is both their 1st property.

Also take note that the normal stamp duty (of estimated 3%) applies for all property purchases.

Should you need any 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 Valerie,

Sg Citizen-PR can co-own a condominium. ABSD tax rate of 5% (based on higher of either profile) is applicable.

For 1st matrimonial property, you could qualify for ABSD remission by IRAS.

Do not hesitate to contact me for further assistance.

Have a wonderful day!

Best Regards,

Jeremy He
R057411F
ERA Realty Network Pte Ltd
Estate Agent no. L3002382K
229 Mountbatten Rd, Mountbatten Square, Singapore 398007

(M): +65 9114 7421 
(E): jeremyherj@gmail.com Read More

Good afternoon,

If both of you are not married couple, 5% ABSD will be payable on the purchase, aside from the standard stamp duty.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Valerie,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Will recommend you to opt for resale EC or TOP coming EC as the best alternative if you concern of the ABSD applied.

Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Good morning Valerie,

Not to worry on that. If you decide to sell off your HDB first, you wont have to pay ABSD for the condo purchase. Reason being IRAS will take into consideration the number of property you own. If HDB is sold, condo will be consider your matrimonial home (only property in Singapore).

IRAS will not consider HDB as first while condo as second. Dont misunderstand it.

And if you decide to purchase the condo first and pay ABSD, you are eligible to claim back the ABSD provided you sell off your HDB within 6 months from the condo purchase completion date.

Hope my explanation has cleared up your doubts on ABSD.

How can I value add further in your property upgrading plans?

- Your Leasehold Ally, Freehold Tactician -

1) Like my FB page: www.facebook.com/yt.tan91115171

2) Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No1 team in Propnex Read More