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Dear bf,

Would you require both names be included as co-owners of the 1 bedroom apartment or do you require both names to be in to secure the necessary loan for purchase?

There are options to explore but first you will need to speak to a banker to do an assessment of loan you are eligible for and the banker can further explain to you on the upfront commitments in terms of downpayment for purchase on the various options.

If you need a number to call for banker, do let me know.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Mobile: +65-81577565  /+65-92787772
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Hi,

It is more favorable to purchase under your sole name as the breakdown will be:
5% cash
15% cpf
80% max bank loan
3% (approx) stamp duty

If you purchase together, breakdown:
50% bank loan maximum
10% stamp duties
25% cash
25% cpf

It is more restrictive that way. Maybe she would like to consider to pull out her name from the HDB if she is owning the flat with her parents, before buying the condo. May I understand your housing requirements to value-add further? Thanks and hope to speak to you soon.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More

Good morning!

If you have plans to purchase with your gf, then you have to make sure she has fulfill her MOP period first.

Downpayment will be 50% (25% cash and 25% CPF OA funds or cash if shortfall) as both of you can only obtain 50% loan due to your gf's current outstanding housing loan.

Stamp duties will be the normal 3% buyer's stamp duty and 7% additional buyer's stamp duty as a SC.

If you are purchasing solely in your name, you can obtain up to 80% loan and no need to pay ABSD if you are a SC.

Hope it helps!

If you need any assistance in your property purchase, feel free to contact me.

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Afternoon,

Since the HDB unit under your partner's name, you need to check if she have fulfilled the MOP requirement. If she have any outstanding loan, the amount of loan available to you for the upcoming purchase might only be 50%. ABSD of 7% is also payable.

Do feel free to contact me for further discussion.

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

Good day to you,

If you were to purchase the condo together with your partner, Additional buyer stamp duty of 7% is applicable as this is her 2nd property.

If the condo is purchase under your name, there will be no ABSD assuming you are a Singapore Citizen,

Since it will be her 2nd property, you and your partner should be able to take a 50% loan (2nd property).

Hope that helps.
Feel free to contact me should you require any assistance with the purchase of your new condominium.

Best Regards,

Tan Han Wei Leonard
ERA Realty Network Pte Ltd
BSc Management (UOL)
www.leonardtan-property.com
 9150 1162  Read More