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Hi, I am a PR. My family is on long term visit pass. I am interested in buying an EC. Am I eligible to buy an EC (5 year old) as a single PR applicant? If I include my wife as a joint owner, do I need to pay foreigners ABSD rate?
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4 Answers

YT Tan (陈永达)
Good afternoon buyer,

You are eligible to purchase a resale EC as SPR, the ABSD applicable will be 5% for you.

If you will like to purchase with your foreigner spouse, you will have to fork out 15% ABSD instead.

There is a huge difference of 10%. Based on $1m, 10% is $100k!

Perhaps we can explore whether can you afford an unit based on your sole income then we work things out from there.

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Robbie Chen Chee Howe
Hi Sir,

You are eligible to buy a resale EC that has passed the 5-year MOP period under your name. You will be liable to pay a 5% ABSD if this is your first property.

However, if you want to include your foreign wife as the joint-owner, you will have to look for resale ECs that are more than 10 years old. Take note that 15% ABSD is applicable should you choose to buy as joint-owners.

Should you have any other questions, please contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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GAN ENG JOO ONASSIS
Hi,

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

Resale EC you are eligible as PR couple ownership under ABSD 5%. Which resale EC area, you are targeting now ?

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.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 | SG Professional l SGRealtor.com & SGAgent.com

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Radhika Prakash
Dear Sir/Ma’am:

We will be glad to assist you. Kindly write to us on realproperty63@yahoo.com.sg or call us on 93380071  .

Kind Regards,
Radhika Prakash
Edmund Tie and Company
 93380071  Read More
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