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Afternoon Irene,

Under the current ruling, the person who finance the loan will also be required to be the co-owner of the unit. As per your enquiry, I would assume that you are looking at selling your HDB unit and buying the private property. Since Singapore citizen is also required to pay 7% ABSD for their second property in holding.

Do feel free to contact me for further discussion.

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

Hi Irene,

You have to purchase under your husband's name as well in order for him to assist in the mortgage financing.

If you are keeping your HDB and plans to purchase second property, it will be 7% ABSD under your name and 10% ABSD if your husband's name is included.

Unless you have plans to sell off your HDB within 6 months after condo purchase, ABSD will be refunded to you as the condo will be treated as your first matrimonial home.

Hope it helps!

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

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

Hi Ms Irene

It is quite unlikely in your case...If your husband is financing the loan, then he got to be a co-owner and thus the ABSD will be 10 + 3%.

Pls feel free to let me know if you need any assistance.

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

Hi Irene,

Under current MAS ruling, this cannot be done. However, If you put the private property under 2 person's name ( you and your husband) and you decide to sell your first property, you can apply for remission. (refund of stamp duty, 7%)

Do call me for more details

Jolie 96899882  Read More