12 Answers

Hi,

yes you can include your mother's name as a co-borrower to get a higher loan amount. There will be ABSD triggered, however there are possible ways to reduce the absd amount.

If you are currently in a property journey selling/buying/renting/investing, feel free to reach out to me for more assistance and advice, I would be glad to help you.

Landon Chew
 97396040 
landonchew@email.com Read More
1
Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi,

Yes ABSD will be triggered because as co-borrower, she has to be owner as well due to MAS regulations. If you have employment income and substantial funds on hand, it is still possible to take a mortgage loan under your own name. Look forward to collaborate further, happy to share more and I am contactable at 97432395  .

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

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Ivan Ng Realtor
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1
Hi, appreciate your sharing. The borrower is also the purchaser. Able to check with bankers.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
Hi,

1) You can include your mother's name in the loan application.
2) Your mother must be one of the owners of the condo, thus her property count will be 2 in Singapore.
3) She will be subject to a 20% ABSD of the condo price and not the share she owns.
4) If you are buying a resale condo, your mother's name must be in the OTP to get the loan from a bank.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

I 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 
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https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More
1
If your mother is not a co-owner of the property, she will not be eligible to be a borrower, thus if you include your mother as a co-owner of your condo and she owns a HDB, then ABSD will be triggered. Hope this helps.

I have been in the real estate business since 2009, with more than 14 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 9,400 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
1
Hi Sir/Mdm,

It is not advisable to include your mum as a coborrower because your mum will also need to be one of the owners of the property and you will be liable for the full Additional Buyer Stamp Duty (ABSD). If you have a shortfall in loan, you can consider doing pledging instead.

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

Regards,
Nick Tan
(M) +65 96 44 48 54
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Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
1
Hi,

Yes, in order to include your mother's name as a borrower, she will need to be a co-owner and hence, will incur ABSD on the property price.

I would be glad to discuss your options with you as well as possible workarounds to the situation - do reach out to me at 8824 7726  :)

Looking forward to hearing from you soon!

Shalene Huang
 8824 7726 
shalenehjh@gmail.com Read More
0
If a co-borrower is required to be an owner due to MAS regulations, this may trigger Additional Buyer's Stamp Duty (ABSD). In such cases, it might be advisable to consider obtaining a mortgage loan solely under your name if you have stable employment income and substantial savings. This approach could help mitigate the impact of ABSD while still allowing you to proceed with the property purchase.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

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XXXXX The END XXXXXXX Read More
1
If a co-borrower is required to be an owner due to MAS regulations, this may trigger Additional Buyer's Stamp Duty (ABSD). In such cases, it might be advisable to consider obtaining a mortgage loan solely under your name if you have stable employment income and substantial savings. This approach could help mitigate the impact of ABSD while still allowing you to proceed with the property purchase. Read More
1
Robbie Chen Chee Howe
Hi,

Yes, it is possible to include your Mother as a co-owner of your property. Do take note that ABSD applies on the percentage of shares that you transfer to her. Also, SSD applies if you had held the property for less than 3 years.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
2
Tan Pei Cheng (Pei)
Hi
ABSD is applicable
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More
0