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Hi,

Once both of you have ROM and are a married couple (SC+FR), jointly purchasing the first matrimonial property, you are eligible for ABSD remission. It need not be on 50:50 ownership. It would be ideal if I can have more info to structure the best optimal way for your property portfolio.

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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Dear sir/mdm,

Under current situation, if the plan is for each partner to own 1 property, it you can probably explore purchasing the first property as a married couple as you will not be subjected to Additional Buyer's Stamp Duty on the first matrimonial home. You may opt to hold this property under tenancy in common thereby when the EP holder converts into a citizen, the transfer or part sale of ownership can be done to free up 1 name for the 2nd property purchase. Do take note that seller's stamp duty is applicable if the part sale or transfer is done within the first 3 years of owning the first property.

This is the generic structure and should you wish to find out more details about the above, feel free to get in touch with me to find out more. There are of course other ways to structure the portfolio depending on individuals financial considerations, but I will strongly encourage to exercise financial prudence in your real estate planning as the good times for real estate gains in the past is definitely history. A wrong move in today's market will be very painful due to the escalated costs of real estate today.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Dear Sir/Mdm,

If you are buying the property as an individual, only the owner's income will be taken into loan assessment, ie. B's income and based on a salary of 8.5k, the max loan would be in the region of 1.15 mil.

ABSD is not applicable if you buy together as a married couple as it is a matrimonial home. For your case, I would recommend that you buy together first to avoid the need to pay ABSD (do not need to be in 50-50). Ideally, one of you should hope a smaller share so that in the future, you can do a decoupling easier to buy another property.

I have assisted my clients who are in a similar situation before. Please feel free to contact me so that I can understand your situation better and proposed some possible scenarios for you!

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

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

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,

I fully understand your concerns. I have worked on cases similar to yours before, and I can provide you with the best possible solution if you're looking to own 2 properties within a short period of time.

I am experienced and well-versed in 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

Hi

ABSD will be determined base upon your residency status and the number of property own at point of purchase.

You may text 9620 0827  for a casual chat.

Gavin Read More

Hi;

Yes, there is ABSD remission for married couple with at least one SC for their first matrimonial home. The manner of holding doesn't have to be 50 : 50 ..There is a viable option to go about doing it , in order for one party to exit from the first unit as well purchase your next property without incurring ABSD. Please do contact me for further discussion as i'm unable to contact you here. Thanks and have a great day ahead ..
Regards;
Lyna Song
 96238442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Hi ABSD remission is possible for a SC's first matrimonial home and you are able to decide the ratio of ownership for each. Do contact me at 97970200  to understand more and discuss how you can structure and plan for the future.

Mark, your RIGHT choice
Propnex Read More

Hi Sir/Madam

I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More