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Good afternoon,

If this is a straightforward joint name purchase, the ABSD will be based on the higher ABSD rate of the two of you, meaning 17% on the full purchase price. But I can understand you would like to minimize this upfront cost, hence would be happy to explore ways on how to do so for you if I can have more info. I'm contactable at wa.me/6597432395 .

As for the bank loan, as long as you are the owner, you can be the borrower of the loan. The income of all borrowers of the loan can be factored in when calculating the loan attainable for the next purchase. If you still have an outstanding home loan, the loan to value of the 2nd will be 45% max instead.

Given this 2 factors, ABSD & lower LTV, it may be good to have an initial discussion on how to optimize the approach and structure the best way. Happy to share more on the best way to do so. May I know which project you are looking at?

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.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Dear sir,

No, ABSD applicable for the 2nd property will not be only on your part but the entire property. There is no difference in bank loan assessment as it is not necessary that the person holding 99% ownership will need to pay 99% of the instalment. That arrangement will be down to the co-owners.

I have been in the real estate business since 2009, with more than 13 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
Associate Group Director
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi Sir,

With a 99%/1%, the loan assessment is still the same and both your incomes will be considered 100% for the loan assessment. However, you are liable for 100% of the Additional Buyer Stamp Duty once you are one of the owners even if you hold a 1% share.

The purchase can be structured in a manner when you come in later as an owner and only purchase a 1% share and therefore only liable for 1% of the ABSD. Feel free to contact me so that I can understand your situation and structure your purchase for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020 / 2022

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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