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Hi,

If you buy jointly with a foreign parent (even with LTVP), the ABSD will be 60%, not 5% — because the higher rate applies.

Hope this helps,

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
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(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Samantha (Resale condo buyer) Read More

Higher ABSD applies. If you are thinking of asset progression and management, happy to arrange a free consultation to run through your options.

Buying multiple small residential properties in Singapore might not be the best strategy as it may have been in the past, as many things have changed recently.

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions. I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more. Feel free to reach out and we can arrange a chat!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Good day to you.

LTVP holders are still classified as foreigners, so including them as co-owners for the purchase of a condo in Singapore will result in ABSD payable at 60%.

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Mike Lim
 96929209 
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ERA Read More

Hi,

1) Yes, there are no restrictions to residential status when come to owning a non-landed private property.
2) You will be subject to a 60% when adding in a foreigner co-owner.
3) A person with a LTVP is still considered a foreigner.

All The Best!!!

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 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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Hi Sir/Mdm,

When you purchase together with your parent, the higher rate of 60% even if your parents has LTVP. Therefore it is advisable to purchase under your sole name to avoid paying the higher tier ABSD.

I have assisted many of my clients who are SPR to purchase a home in Singapore. Please feel free to contact me so that I can give you an overview of the purchase process and provide you with further assistance and advice.

Regards,
Nick Tan
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi, appreciate your sharing. Able to double check with law firm before proceeding. It is base on the highest ABSD
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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

Hi

If your foreigner parents name were added as co-owner, the ABSD will be 60%, as the higher rate will be the one applicable. If on your sole name purchase, only 5% ABSD is applicable as first property. No differences be it LTVP or non LTVP, both are considered foreigner status.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Ivan Ng Realtor
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Hi! Yes, as a Singapore PR, you can buy a condo with a foreigner parent as co-owner, but the ABSD rate will be based on the highest applicable tier. Since one of the buyers is a foreigner, the ABSD will be 60%, not 5%.

If your parent holds a LTVP or LTVP+, unfortunately it doesn’t lower the ABSD—only spouses with LTVP+ may qualify for ABSD remission, and even then, certain conditions apply (like applying under the Spouse Scheme).

If you’d like help working through the numbers or structuring the purchase more efficiently, feel free to reach out.
Aren Goh | PropNex Read More

The ABSD will be 60% for such combination. Read More

The ABSD applicable is 60% in this case. Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

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 Read More

1. If you **buy a property jointly with a foreign parent**, even if they hold an **LTVP (Long-Term Visit Pass)**, the **ABSD rate jumps to 60%** — not 5%.
2. ABSD is calculated based on the **highest applicable rate among all buyers**, and in this case, the **foreign buyer’s rate applies**.
3. To avoid this, consider other ownership structures, such as buying **under a single name** if eligibility permits.

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HI, the higher ABSD will apply. Thus if you can afford to buy on your own, then it will be the best case scenario.

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