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Hi,

Will recommend not to include your mum's name, as Singaporean 2nd property will incur ABSD of 17%. If its sold after a 3 year holding period, no seller's stamp duty is payable.

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
ERA Diamond Achiever

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Hi
Do note as this is your mother's second property (the first being her HDB), 17% ABSD on the purchased price or valuation whichever is higher applies unless your mom sells or dispose off her HDB. For joint owners, IRAS will take into account the buyer with the most number of property count in this case is your mom. There will be no seller stamp duty unless the condo is sold off within 3 years from date of purchased. My service for purchased of 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
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Sir/Mdm,

It is better if you were to purchase the condo under your own name as buying it with your mother will attract the Additional Buyer Stamp Duty of 17% which is quite significant since your mum already own a residential property.

Please feel free to contact me so that I can understand the rationale of adding your mum's name and also assist you on how to structure the purchase.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
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.”
Mr & Mrs Wong (Property Seller)

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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.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

1) There are generally 2 types of condo for selection:
(a) New launch - buy direct from the developer.
(b) Resale - buy direct from the owner.

2) Assume you receive a 75% LTV loan from the bank:
a) New launch: book unit by placing a 5% option fee -> sign S&P 5 weeks from booking -> pay stamp duty -> pay 15% down payment 8 weeks from booking -> pay 5% after completion of foundation -> the rest of the payment will be handle by the bank.
b) Resale: book unit by placing 1% option fee -> exercise the OTP by paying 4%, 2 weeks from booking -> pay stamp duty within 2 weeks from exercising the OTP -> 10 weeks later pay 20% downpayment and bank's loan to complete the buying process.

3) When you book the unit with your mother, the property will be subject to 17% ABSD (this is assuming both of you are SC) other than the normal buyer stamp duty.
4) If you buy with only your sole name, you will not incur any ABSD (this is assuming you are an SC).
5) It is, in general, advise only to sell the condo after the expiration of SSD (Seller Stamp Duty), which lasts for 3 yrs. After the end of the 3rd yr (from the date of purchase), there is no stamp duty involved during selling.

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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The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Sir/Madam

1. If you are buying under 2 name, ABSD rate will follow the higher percentage if your mom not selling her HDB
2. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3. 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) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.
4. No seller stamp duty is payable if you hold the property for at least 3 years
5. 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,

If you were to purchase the condo with your Mother, you will incur ABSD of 17% if both of you are Singapore Citizens. This ABSD is on the full property purchase, even though you may hold it under Joint Tenancy or Tenancy-in-Common.

Your LTV may also be affected (max 45% loan) if your Mother's HDB flat is not yet fully paid.

SSD applies if you sell off the condo within the first 3 years of purchase.

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