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Hi,

The condo will be considered your 2nd property purchase. Overseas properties are not considered in the property count when IRAS compute the ABSD calculation. 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)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials)

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Hi Kelvin

It will be considered as your 2nd property.

Should you have any further question, you may write to gavin,ng@orangetee.com

Gavin Read More

Hi,

It will be considered your 2nd property, as overseas properties are not counted. May I ask if you have any location or specific projects in mind? I understand you may be looking into a passive income source, and identifying the right properties amidst these regulations remains a challenge.

To be able to assist further, perhaps you could contact me so that I can understand your requirements + budget to churn out a list of units and lay out the financial calculations and financial plan (progressive payment) for the purchase. I have transacted many condos, and will be glad to offer advise and insights as a form of preliminary discussion to expedite your plan. It will also be useful for me to run through transaction caveats of the different properties and customise sales and purchase report for your understanding and perusal. No agent fees for purchase of private property .

Where words do fall short, I would let me accolades and testimonials speak for my dedication and experience in this industry for the past 20 years. Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
 +65 96659926 
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2017 Read More

Hi Kelvin,

Overseas property are not considered as a count so it will be considered as a 2nd property. The ABSD will be 12% if you are a Singaporean.

Please feel free to contact me if you need any assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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)

“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)

“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 Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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) Read More

Hi Mr Kelvin

It will be considered your 2nd property in Singapore as overseas properties are not counted.
May I know more about your requirement?

Please contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for non obligation discussion.
No agent fee from buyer for private property purchase
Thank you.

Warmest regards,

Silvia Yang
PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
www.facebook.com/SilviaProperty Read More

Good morning Kelvin,

it will be considered your second property ownership in Singapore.

But do take note of these cooling measures applicable:

1) 12% additional buyer's stamp duty (ABSD) as Singapore (SC)
2) max 45% loan if there's still outstanding housing loan
3) if you used CPF in existing HDB, need to set aside basic retirement $85.5k in CPF OA+SA before you can use the excess OA funds in this purchase.

Hope my sharing aids in clearing your doubts.

By the way, will you be keen to find out more onhow to potentially own two properties in Singapore with tax savings?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Accolades:

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