7 Answers

Hi, for the new purchase of the condo unit, your wife does not need to fulfill the minimum sum as this is her 1st property. And yes, with her cpf contribution, she will also be a co-owner. Pls kindly note that for your case, the stamp duty payable will be at 10%.

aaronchong2774@yahoo.com.sg Read More
YT Tan (陈永达)
Good morning,

As she doesn't contribute any CPF OA funds in your current property, she doesn't need to keep a minimum sum.

And yes she has to be one of the owners in order for her to contribute her CPF OA funds into this purchase.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

As your wife is an occupier, she does not need to fulfil the minimum sum as the private property will be considered her 1st. However, do note both of you will need to fulfil the minimum occupation period (MOP) of 5 years.

By using her CPF, she will be considered a co-owner. Do note that as you currently own the HDB, the private property will be considered your 2nd property and will be subjected to a total of approx. 10% stamp duty.

Do give me a call so that I can advice further. As you mentioned you can clear the outstanding loan, there are other options for you to consider when buying the 2nd property. But I will require more details as the options are subjected to your current situations.

Vera Wang
H/P No.: 8777 7907  Read More

Since she did not contribute CPF towards the HDB, she need not maintain the minimum sum before she can utilize her CPF monies for the condo purchase.

With her contribution via CPF for the condo, yes that makes her a co-owner. If you are jointly purchasing, your stamp duties will be higher, relative to purchasing on her sole name only.

Thanks and may I have more details so we can explore whether which option is the best method to facilitate your purchase? Hope to have the opportunity to discuss further.

Warm regards
Ivan ERA
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

I believe your query may have been answered by me fellow colleagues. However the challenge here is to surpass the impending obstacles in terms of monetarily to achieve your sales objectives.

Do contact me at 96659926  for me to fully understand your exacts requirements and expectations to devise alternatives as to how to plan for an efficient, cost savings purchase with a smooth financial cash flow breakdown for progressive payments.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More
Fyi, the ABSD for the new purchase will be 7% because that will be your 2nd property. Also if there is outstanding mortgage on the hdb, the max loan quantum of the 2nd property will be only 50%. Suggest to work out the financial plan in details before the purchase. To assist and advise you in details, please drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
Dear Sir/Madam,

We are a team of full time real estate salespersons with a combined of 22 years in this industry and hence for us to sustain, we set benchmarks on yourselves to render the best service.

CBRE Singapore was established in 1978, having grown from a merger with CH Williams. Today it is a mature business with more than 450 employees. Singapore also acts as headquarters for CBRE’s strategic South East Asia regional hub.

Our local market knowledge and extensive business offering keep us ahead of the competition. Consequently, we are widely regarded as the undisputed market leader in terms of commercial leasing, investment sales, residential project marketing and commercial asset management in Singapore.

As the leading real estate service provider in Singapore, we offer a comprehensive suite of transaction, management, advisory and corporate services along the following business lines.

We are committed to providing the highest quality offerings to developers, investors and occupiers – throughout Singapore and across the world. We collaborate across markets and service lines to provide the best and most informed real estate solution; think creatively but act practically; and work in a rewarding environment that encourages the delivery of superior results.

At CBRE, our clients always come first. Kindly contact us for a discussion for a kickstart to purchasing properties in Singapore. We are your solutions provider.

Chris Chua | CEA R030867Z
Senior Sales Director (Resale)
CBRE Realty Associates Pte Ltd I License No.: L3010008E
65 9382 1739 
chris.chua-sp@cbre.com.sg Read More