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Hi,

For (1), banks will consider income of both owner and occupier. For (2), you can apply for ABSD remission with IRAS if its your first matrimonial property purchased on your joint names, it will be case by case approval basis. For (3), for new EC purchase, you need at least SC-SPR status to apply. SC-FR under current rulings are not eligible for new EC.

May I have more info and requirements 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

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Good morning buyer,

let me help you with this.

Do take note that if you purchase a resale HDB under non citizen spouse scheme, only your income will be taken into consideration for mortgage application.

So with a single income, do you think you can purchase an ideal house?

For purchase of private property, you wont be subject to 15% ABSD even though your spouse is a foreigner. Reason being that IRAS will grant you exemption on the basis that this first property purchase is your matrimonial home because one of the married couple is Singaporean.

Lastly I am afraid to inform you that both of you are not eligible for new EC purchase as family nucleus needs at least a SPR in order to do so (SC-SC or SC-SPR).

After reviewing my explanation, which property do you think suits you guys better?

May I know how can I value add further in your property purchase?

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Good morning,

If you are looking at resale HDB unit under non-citizen spouse scheme, the mortgage will be computed based on your income.
If you are looking at private property, ABSD will not be applicable as this will be your matrimonial unit.
As for EC, you are not eligibility unless your spouse obtain SPR or SC status.

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

Hi Ms,

Congratulations in advance on your marriage!

Regarding your questions, let me analyse for you.

1) If you're buying a HDB resale flat under non-Citizen spouse scheme, only your income will be assessed as you will be the owner of the HDB flat, with your spouse the essential occupier.

2) If you are buying a brand new or resale private condo, you DO NOT need to pay ABSD at all, as this is your first matrimonial home.

3) You are however not eligible to apply for a new EC as it requires your spouse to be at least a PR.

Hence, going forward, I think you should look at private condo that is within your means for your matrimonial home.

Please call me at my mobile 9748 6305  for further discussion. I will be happy to assist.

Thank you and congrats once again.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Will recommend not to take up grant if you decide to buy resale HDB as you need to pay resale levy of 50K upon you upgraded to EC. Both name will be tied to MOP regardless occupier or not.

Opt for resale EX condo, upon you comfort at 3 bedder from 850K onwards. Private property will demand a higher price tag accordingly.

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com

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