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Hi Chris,

May I know what are your plans & objectives? The max bank loan is up to 80%, which means for a $1mil property, you need at least approximately 230K (cash+CPF) for downpayment and stamp duties. If the loan is less than that, more than 230K are needed. Thanks and hope to have more details before making better recommendations.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
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Hi Chris,

Your situation is not favourable to do transfer of HDB ownership to your spouse because of her SPR status.

I do have a solution and it involves very detailed planning. If you would like to meet up over a coffee to discuss please drop me a message.

Regards
Tuang Teck
 97395839  Read More

Evening,

By means of decoupling, you have to be the owner as your spouse is SPR. She can be the essential occupier. Depending on how much CPF funds your spouse have contributed, you will be required to prepare the equivalent to refund it into her CPF OA account. When your spouse purchase the private property, she will be subjected to 5% ABSD. Based on her income, age and credit status, bank can loan her max of 80%.

Do contact me further should you require my assistance.

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

Hi Chris,
Yes, after MOP you can decoupling your hdb. But you only take over the flat as your wife is not SG citizen. If you wife is free up and purchase a condo, the ABSD is 5%. Compare to 7%, the different is only 2%. The decoupling cost around 5K. You may want to layout all the options and consider the path to go for.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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

Hi Chris,

Re: Our Preferred Experienced SG Realtor

Pls consult 'your lawyer regarding of decoupling. In view of your existing housing loan and market outlook.

Will recommend you to hold your private property purchase after you fulfill the HDB MOP.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.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.

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Hi Chris,

As your current loan is a bank loan, HDB will not allow you to decouple. You may need to cater 10% for Additional Buyer Stamp Duty if you wish to purchase the next property with your wife. It is also important to find out how much loan you are eligible for so that you can plan your finances better.

Please feel free to contact me at 9644 4854  or email me at nicktan@propertyavenue.com.sg so that I can prepare a full financial plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial for Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Purchase through Nick) Read More