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Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications within your circumstance to be in a better position to advise you further in the most detailed and thorough manner on your questions and queries- financial cash flow calculations, ABSD matters & your varied options.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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Hi,

Answers according to your questions sequence:
1) if its your 1st matrimonial home between SC and SPR, no ABSD applies due to ABSD remission.

2) you have included all of the major costs

3) as per answer (1)

4) as long as you have one SC, and meet MOP of 5 years, you can purchase a 2nd residential property while keeping your HDB.

Thanks and may I understand your requirements further so as to value add to your housing plans?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi Terence,
Answer as below.
1. no ABSD since your wife is Singaporean
2. you have cover all the major cost components
3. no ABSD is payable
4. yes, after 5 years MOP you can purchase 2nd private property while still holding hdb

Please drop me an email for me to share the cost breakdown, procedures and the timeline.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Evening Terence,

As your spouse is SC, 5% ABSD is not payable on the purchase on your first jointly owned residential property. If your combined income does not exceed $10k, you will be eligible for HDB loan. The downpayment will only be 10%. Since your spouse is SC, you will be able to keep the HDB unit and purchase your second residential property upon fulfilling MOP.

Do contact me further for detail discussion.

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

Hi.
Seemed like you are confused on the rulings. Do give me a call or sms at 91442664  . I would love to assist and advise you. Look forward to hear from you.
Tricia Tan
 91442664  Read More

Good afternoon Terence,

You don't have to pay ABSD of 5% as IRAS will treat your first property purchase in Singapore as your matrimonial home, be it its a HDB or condo.

Other outlay will be:
1) stamp duty for mortgage
2) valuation fee

Do take note that you wont have to pay agent's commission for private transaction as your representative will usually take commission from the seller's agent.

Last of all, you can hold on to HDB and purchase a private people in the future as your household consists of a Singaporean.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me.

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
(W): www.propertyavenue.com.sg Read More