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Hi,

You need not sell your HDB as its a SC-PR household but you can only purchase when MOP of 5 years is met. Yes for the purchase under your sole name, the ABSD is 10%, for the purchase under her sole name, the ABSD is 7%. Do note for 2nd mortgage loan, the max LTV is only 50%.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi,
You are right on the ABSD for Singaporean on the 2nd property - 7%.
And ABSD on Singapore PR on the 2nd property - 10%.
You do not need to sell your HDB flat.
If you need more information, you can whatsapp or SMS me at +65 92389390  .
Regards,
Anthony Lee
CEA Reg No R052674Z Read More

Hi,
You can save ABSD payment by selling your HDB flat. Call me @ 94386522  to learn more. David Read More

Hi,

You need not sell your HDB as its a SC-PR household but you can only purchase when MOP of 5 years is met. For purchase under your name, the ABSD is 10%. For purchase under her name, the ABSD is 7%. 2nd mortgage loan will make you liable for 50% loan however.

Perhaps you can most importantly share on the requirements ; any particular type/ location/ budget to conduct a comprehensive search and shortlist of appropriate units.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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Good day Sir / madam .

Please note ABSD additional buyer stamp duty payable if you intent to own 2 or more residential property .

Alternatively , to avoid ABSD , you may want to do your sums and consider selling your hdb and each buy a private property individually, to save on the ABSD . Perhaps the singaporean spouse can FIRST individually buy the condo since no ABSD payable after selling the hdb , the P R spouse can wait out and LATER individually buy the condo if the ABSD rules change in favour for the P R (please note this point is strictly speculative) . Even if ABSD rules are status quo , it is still cheaper for the P R to buy the condo as first property , 5% ABSD for P R if own only 1 property , 10% ABSD if P R own 2 property .

The rental market is very weak for landlords and rental yield very low if you choose to keep 2 properties , you may want to ask around , especially ask landlords to verify my point .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( 1 sole agent only ) to your hdb , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi!

Yes you are right about the Additional Buyer Stamp Duty Payable - 7% for SC for 2nd Property and 10% for SPR for 2nd Property.

There is no need to sell your HDB as it's an SC-SPR Household. However do note that the 5 year MOP must be met before you can exercise the option on your next property.

Also, do you have an outstanding loan for the HDB? If you do, your next mortgage loan will be at 50%.

You may also want to consider:
Sell HDB and buy 2 condos under separate names. This way, you save on ABSD for SC and pay 5% only for SPR. So you are saving a total of 12% ABSD which is a substantial amount.

Either way, it would be best for us to discuss further so I can advise you on the best option to choose.

As a buyer of Private Properties, no agent fees are payable. So do contact me and you will have an agent looking out for your best interests, assisting to secure the best units for you and ensuring a hassle-free transaction. I look forward to assisting you!

Bhavina Kaur
ERA Realty

M: +65 9170 8295 
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/hellobhavina Read More

Evening,

Firstly, the HDB MOP need to be fulfilled. Then for the purchase, ABSD payable by your spouse will be 7% as she is SC. ABSD payable by you will be 10%. On the mortgage aspect, both of you must be eligible for the mortgage loan individually. The maximum loan available will be at 50% of valuation. And if you are looking at using CPF monies, CPF minimum sum must be observed.

Do feel free to contact me should you require any additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Sir,

If you both buy a condo each, you will be liable for 10% ABSD while your wife will be liable for 7% ABSD while retaining your HDB as there is no need for you to sell.

If you were to sell your HDB and buy a condo each, you will be liable for 5% ABSD while your wife will not need to pay any ABSD.

If you sell your HDB and purchase a condo TOGETHER with your wife, there will be no ABSD which is payable.

Please feel free to contact me if you need any further clarifications!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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)

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Mr & Mrs Wong (Property Seller)

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

Hi Sir,

Take note that you will need to fulfill the 5 years MOP period before you can either commit to another residential property purchase, or to sell off your HDB.

If you were to keep your HDB, and proceed to purchase a condo under each of your names, you will be liable for 10% ABSD and your wife 7% ABSD. This is on top of the normal Stamp Duty you have to pay.

Also, take note that if your current HDB is still under loan, you can only loan up to max 50% (subject to TDSR too) of your next purchase. Your CPF usage will also be capped at half-minimum sum as well.

May I know if you're looking to build a property portfolio for investment? If so, I will be happy to handhold and guide you through all the procedures.

Should you need any 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