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Evening Marcus,

Since your parents do not have the necessary income to secure a housing loan, it would not be possible for the purchase to take place. In the event that you opt to be the guarantor, your name will be required to be added as owner. This will result in ABSD payable.

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

Hi Marcus,

Under current regulations, to be a guarantor the person's name needs to be also added into the property ownership, hence it will result in you having a 2nd property thereby attracting ABSD. I'm sure its not the outcome you are looking for.

Unfortunately if there's no income banks are unlikely to grant mortgage loan. May I know which property are they considering at the moment? Thanks and look forward to value-add to your housing plans.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews/
(Client's Testimonials) Read More

Dear Marcus,

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

If loan application a issue for your parent due to unemployment. You can opt to co ownership with your parent for your private condo on the condition you have fulfill the MOP period of your flat and willing to dispose both your parent and existing to avoid ABSD.

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.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

" Engage 1 & Get More than 800 Agents from the #1 TEAM in ERA to Serve You!” Read More

HI Marcus, actually there are ways for your parents to secure a loan even without a job. And also ways to reduce your ABSD should you be required to step in to assist on the financials. Do drop me a call or e mail for a more detailed discussion in order for me to customize a tailored solution to your issue.

Cheers
Rix
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Good day Mr Marcus Sim

You can be guarantor if you are co-owner of the property .

You cannot be guarantor if you are not co-owner .

ABSD additional buyer stamp duty payable for anything more than one property .

Kindly contact me or a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb ( sole agent ) , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property sellers .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Sorry typo error .

No commission chargeable when i serve private property buyer . Read More