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Hi

You will have to incur 7% ABSD, which is based on your portion of transacted price. Your partner would not incur ABSD if she does not have any property.

Do feel free to contact me at 97970200  or ngsiewwhye@gmail.com to discuss more if required.

Mark, your RIGHT choice
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Hi,

To avoid ABSD, your girlfriend can purchase the terrace house on her own sole name. Otherwise if its a joint name purchase, ABSD of 7% of the purchase price is payable. Do note if you wish to finance the loan or utilize cpf for the property, your name has to be added into the property.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Dear sir,

You are unable to circumvent the ABSD application if you intend to retain your existing HDB, unless your girlfriend is able to undertake the terrace house purchase on her own.

I am unsure on the reason for you to keep your existing HDB but if you are able to share more details about your plans, perhaps we can discuss on how to manage the situation accordingly.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
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Mobile: +65-81577565  /+65-92787772
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Hi Sir,

The one way you can avoid ABSD is for your girlfriend to purchase the terrace house under her sole name. Should your name be included at the point of purchase, ABSD 7% will be incurred.

However, there might be one way to reduce the amount of ABSD to be paid, but I will need to understand more from you before I can know whether this method is applicable to you.

Please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi there,

Thanks for your query!
Your Girlfriend could purchase it solely under her name.
Perhaps you could furnish me with your exact requirements and finances on hands to conduct the financial cash calculations/ progressive payments to shortlist & negotiate for the best possible price of the residences units you could otherwise consider. At the same time, I will take the opportunity to run through the key financial loan approval process, share some market insights/ provide you with recent sales transaction caveats and explain the entire procedural framework involved.

To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond.

D Kumar
 +65 96659926 
ERA Associate Division Director
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Good morning,

If your girlfriend's financial status is good, she can purchase the terrace house under her name. By doing so, she does not to pay the ABSD. With the shortfall on monthly installment, you can opt to top it up with cash.

Do feel free to contact me should you require additional assistance.

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