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Hi,

Since she is not the owner of the HDB, she can purchase private property on her sole name no issue. For PR first property purchase, the BSD and legal fees total is approx 3% and ABSD is 5%.

Indicative breakdown as follows:

Cash 5%
CPF OA 20%
Buyer stamp duties (BSD) and legal fees approx 3%
ABSD 5%
Max Loan LTV 75%

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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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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Hi Sir/Madam

1. Yes she can buy a private property under her name
2. Is she intend to take loan for the purchase?
If yes, Before shortlisting project/unit, I will suggest to check in principal approval of her loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3. For PR 1st Property and Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = $50,000
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi

As your wife is only an occupier, this will be treated as her first property. Therefore for stamp duty portion the following applies:
Frist $180k: 1%
Next 180k: 2%
Up to next 640K: 3%
The rest: 4%
ABSD for SPR: 5%
In addition, the financial planning of purchasing is as follows:
5%: Cash
25%: CPF or Cash
75%: Loan
There are also several other considerations for you to make before proceeding with your plan. I would like to explain more on this. My service on purchasing a private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
Marketing Director
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More

Hi Sir,

Yes, your Wife can purchase a private property under her sole name.

Buyer Stamp Duty (BSD) is approx 3-4%, while Additional Buyer Stamp Duty (ABSD) for SPR is 5%.

Other costs involved would include the downpayment of the property (minimum 25%), and legal conveyancing fees.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. 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) When an HDB met the MOP, the owner (only for SC) and essential occupier (can be SC or SPR) is allowed to invest in private residential property according to the existing HDB policy.
2) Since she is an SPR, she will be subject to a 5% ABSD on the 1st residential property, and a ~3% buyer stamp duty (for property price at and below $1M) or ~4% buyer stamp duty for property priced above $1M.
3) Other costs will be legal fees around $2.5k (+GST if applicable) for resale, $3k (+GST if applicable) for building under construction.
4) If need to get a loan from the bank, then a mortgage stamp duty of $500 will be incurred too.

Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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