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Good afternoon,

She will not incur ABSD for the condo purchase since she is not added as owner for the HDB. For HDB, if the 5 year MOP is not met, you cannot rent out the whole unit.

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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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

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.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. And nope, your wife would not incur any ABSD as she does not have any property count. For HDB rental of 1 year lease, agent commission will be at half month of rental and for a 2 years lease, agent commission will be at 1 month of rental.

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

Hi Sir,

If your wife do not currently own any residential property in Singapore, and that she's a Singapore Citizen, she will not be liable for any ABSD, as this is considered as her first property.

If she is a SPR or foreigner, or if she owns another residential property, the various ABSD will apply.

As for your HDB, you will need to fulfill the 5-year MOP before you can either sell or rent out the entire flat.

Commission is negotiable, and I believe we can work out a figure that is good for all parties.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing 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

Dear sir,

ABSD is applicable to SPR or SC who owns more than 1 residential property at various rates. As long as you have fulfilled the Minimum Occupation Period for the current HDB, you will be eligible to rent out the HDB, where commission applicable is half month's rent for every 1 year lease or part thereof (7% GST is applicable).

The current Covid-19 pandemic has definitely brought about uncertainty to the economy as we slip into the worse recession in 55years as per reported in the market, therefore if you are a buyer with ready funds to look into securing a private home at below value, this is definitely 1 of the most ideal time to keep a look out.

Feel free to get in touch with me for further assistance where required.

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 client's 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 first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi There is No ABSD for your wife if she's a citizen with no pte properties currently. Have you fullfilled your MOP? Feel free to call me at 97970200  and discuss on your rental.

Mark, your RIGHT choice
Propnex Read More

Hi Sir
No ABSD will be incurred for your wife as it will be considered as her 1st property count. However do note that you have to fulfil 5 years MOP for your current flat before being able to rent it out. Do contact me at 93375051  for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

HI,
As the existing HDB is only under your name, your wife will be considered as buying her 1st properties when she purchase a condo.
Depending on her citizenship, if she is a Singapore Citizen, then there won't be any ABSD for her but do take note of the BSD which will be applicable.

Another question will follow, is your wife working at the moment? If she purchasing the condo under her own name and require a mortgage, then the bank will only look at her own name and income.
With the current situation happening now, the interest rate have fallen to a near zero percent rate which mean the loan interest rate will be low now.
If your HDB flat already met the MOP of 5 years, then you will be able to rent out the whole flat.

Feel free to contact me to discuss further on what is the best way to proceed with the situation happening now.

Thanks!

Alan Sng
PropNex
 92707548  Read More

Greetings from Ohmyhome!

If the private condo is your wife's 1st property, there won't be any ABSD.

We can help to rent out your HDB for only $988 flat fee.

Should you need further information or assistance, feel free to contact us at 68869009  or WhatsApp us at 97551009  .

We will be most glad to assist.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More