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Good morning, if your wife were to buy a private property under her name, she would have to pay an Additional Buyer Stamp Duty (ABSD) of 5% on top of the Buyer Stamp Duty.

Do contact me at +65 9876 6302  for a non-obligatory consultation and let me assist you with a breakdown of the options you have.

Russell Teo
ERA Read More

Hi,

I assume she was just added as an normal occupant? Also have the 5 years of MOP being met? If so, yes she can purchase under her own name, and ABSD + BSD will add up to approx 8% of purchase price.

If joint name purchase, the higher ABSD rate will apply. For your case its 12% for Singaporean 2nd residential property.

I have worked with clients on similar scenario and successfully helped them transit smoothly. Do give me a call at 97432395  so we can discuss further.

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 Realtor
ERA Senior Marketing Director
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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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Hi Sir,

Yes, your Wife is able to purchase a private property under her sole name.

ABSD for SPR's first property is 5%. If both of you combined names to purchase, ABSD will be 12%. Also, if your current HDB is still under loan, LTV will only be 45%, instead of the max 75%.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require 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

Dear Sir,

For your wife, it would be considered as her first property. For SPR, she is subjected to the Additional Buyer Stamp of 5% on top of the normal buyer stamp duty. In this case, it will be better if she were to buy under her sole name because if you were to buy together, then the higher 12% Additional Buyer Stamp Duty will apply.

Please feel free to contact me so that I can understand your requirements better and provide you with more informed advice.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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

Your wife may choose to purchase a private property and will incur a 5% ABSD on top of the normal buyer stamp duty (typically 3%) as a first timer PR. If you choose to sell your current HDB and purchase a private property with your wife, ABSD can be remitted. However if you choose to purchase a private property jointly with your wife, 12% ABSD do apply. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More