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Good morning,

You have to ask your fiance to check with hdb first on whether his sibling is eligible to take over his ownership share in the hdb. If the sibling does not have any other property ownership and is eligible, your fiance name can be removed from the ownership of hdb.

Once your fiance name is removed from the ownership, and once you all get married, you all can purchase your 1st matrimonial property as married couple and no ABSD is payable as you all will be eligible for ABSD remission. ABSD remission is not applicable when you all are still at Fiance Fiancee status.

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 Realtor
ERA Senior Marketing Director
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Hi Miss,

If your fiance takes his name out from the HDB flat that he owns, he is free to purchase a private property jointly with you as a married couple without having to pay ABSD.

Do take note that ABSD is payable (5% for PR's first property) if both of you purchased without getting married, and it's not refundable even if you guys get married after the purchase.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property purchase. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, 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,

1) Your finace is co-owner of a HDB flat. There could be SSD involved if he only became co-owner within the last 4 yrs. His sibling will also need to pay BSD for taking over the share.
His sibling must has the finance capability to takeover his share upon MSR assessment.
This transferring of share has to get HDB involve as this is not under our jurisdiction.
You may approach HDB at resale department for assistance.

2) You & your fiance will have to purchase after his transferring is complete. Otherwise, any property bought will incurred 5% ABSD and this is not refundable.
You must obtain marriage certificate before signing any S&P, this is the point where you have to declare this is your matrimonial home to avoid paying additional tax.
This is applicable to both HDB and private property.

If you are not married upon purchase (assume this is private property), you will also incurred 5% ABSD upon siging S&P, as this is not considered matrimonial home.

Hope the above answer to 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

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Good afternoon Ms,

Do take note that ABSD wont be payable if you purchase your matrimonial home with your husband not just fiance.

If you purchase as a single SPR (5% ABSD) or purchase together with him still holding on HDB (12% ABSD for second property ownership) or without HDB just as fiance (5% ABSD as you are SPR; treated as unrelated parties), ABSD will still be applicable.

Thus if you dont want to be subject to ABSD, he has to remove his ownership from the HDB. Either he can transfer to his sibling (if he/ she is eligible) if not your future in laws must be financially capable to take on any outstanding loan and return whatever CPF OA funds your fiance has utilised before.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property plans? Shall all of us meet up to discuss further this week?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
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Dear Mdm,

For your situation, the best outcome will be for your fiance to remove his name or transfer his share from the HDB. This can be done through the HDB branch office.

If you both get married and then purchase your first property, you will not need to pay any Additional Buyer Stamp Duty as it will be considered as your matrimonial home.

Please feel free to contact me so that I can assist you to further clarify your doubts and share with you more on the timeline.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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