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Hi Mr. Tay,

Yes its possible to purchase under your company name, but a ABSD of 15% will apply on top of the usual 3% BSD, and the loan may not be 80% as it is dependent on the company financials and the directors/shareholders behind it. With this info, is it still meaningful to pursue? If so, hope you can get in touch so I can value-add to your plans further. Thanks.

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

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Good afternoon Gene,

of course you can choose to purchase under company name but I wish you to take note of these:

1) you will be subject to 15% ABSD
2) you can only able to obtain max 20% loan

Thus your initial outlay will be close to the purchase price.

i) 80% downpayment
ii) stamp duties 18%

Is it worth it? Maybe not.

If not, you can choose to give up on your BTO and opt for ready units.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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

Hi,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

Company name not a wise move to buy residential property in view of 15% ABSD. Will be wise to buy commercial property instead.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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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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