Good morning Meng,
Yes you will have to pay 10% ABSD if both names are included in the condo purchase.
But if you are keen to reduce on the ABSD, you can opt for either:
1) purchase under SC spouse's name. 7% ABSD. But your spouse will be the only one financing the purchase and might not be able to obtain the optimal 80% loan.
2) Decoupling. I can send you a powerpoint slides on this. It has its pros and cons.
If you need any property advice or assistance in your property purchase, feel free to contact me.
Hope to hear from you soon!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
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