6 Answers

Ivan Ng
Hi,

ABSD only applies for Singapore residential property, hence commercial property (without any residential component) does not count towards ABSD property count.

However any loan liability that is under your name will affect your TDSR. 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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Annie Zhou
Good Evening,

Thank you for your query. We are Annie and Joel from OrangeTee, and with us you have twice the support than engaging someone else.

We look forward to hearing for you in order to better plan the timelines for purchasing your unit. ABSD count only applies for redidential property, hence the commercial property will affecr your stamp duty rate.

As for TDSR, it depends on whether your commercial property is bougbt under personal or company name. Yes the commercial propertu loan might negatively impact your loan quantum for your condo unit. However there might be work around for this issue. Let's discuss this further on the phone or when we meet up.

As we are not able to contact you, we look forward to your call or Whatsapp, in order for us to better assist you.

Thank you very much and look forward to hearing from you!

Regards,
Annie Zhou
R060551H
8753-1128
Just copy and paste link to browser to chat ---> https://wa.me/6587531128
annie.zhou@orangetee.com

Joel Ng
R043851D
MSc (Real Estate), NUS
9337-8447
Just copy and paste link to browser to chat ---> https://wa.me/6593378447
joel.ng@orangetee.com Read More

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Nick Tan
Dear Sir/Mdm,

Your commercial property does not contribute as a property count as only residential property will contribute to the ABSD property count. Therefore you will not be liable for ABSD.

However, your current loan will contribute to the total debt servicing ratio framework and affect your eligible loan for your next property.

Please feel free to contact me so that I can assist you to determine your loan eligibility and assist you further.

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:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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.”
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“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.”
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Robbie Chen Chee Howe
Hi,

If your commercial property is full commercial title, then you will not be liable for ABSD if you purchase a condo. Should your commercial property has residential component in it, then you will be liable for ABSD.

Your loan for the condo purchase will be subjected to TDSR requirements. This framework is introduced to exercise financial prudence for all property purchases.

I am experienced and well-versed in private transactions. I will be able to assist you in your home 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

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Geryl Lim
Dear sir/madam,

ABSD will not be applicable if there is no residential component within the existing commercial property that you own (e.g. shophouse where 2nd floor is residential quarter). As for the TDSR assessment, is your existing commercial property loan under private loan or under company name? It is best to speak to a qualified banker to work out the numbers before taking further steps in your plans. You may also wish to take this opportunity to evaluate the performance of your current commercial property should it be used to collect rental as investment.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary 45 minutes first consultation without obligations (Absolutely FREE!). Visit http://bit.ly/FOC1stConsult to schedule your FREE session today!

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

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

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Regards,

Geryl LIM
Consultant
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Mark Ng S W
Hi , do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

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