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Hi KK,

Was the hdb bought by your wife before you guys got married? Since you are the occupier, you will be deemed not to have any property ownership and can purchase the next property as your 1st residential. You can buy condo solely under your name after the MOP of 5 years of hdb are met, and it will be considered your 1st home loan. Do note ABSD of 5% applies for SPR 1st purchase. If your wife co-own the next property, the loan may be higher but the ABSD rate will be based on the higher rate also (ie. ABSD 12% of SC 2nd residential).

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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Good Afternoon KK
We Got House In My Wife's Name 3 Years Back So I Am Only A Occupier.
Have you include your name into the property?

Q1) Can I Buy Condo Solely Under My Name If Yes What Will Be Calculation If Condo Is Around 1 Million.
A: Assuming that your name is not include in the HDB, you can purchase a condominium now. Taking $1m as basis, we are looking at $50K in cash and $200K in Cash or CPF for the initial payment (minimum). On top of this, there is $24,600 for BSD & $50,000 ABSD as you are a SPR. This amount can be paid with CPF for Under-construction property.

2) Yes it will consider as first property.

3) If My Wife CO-Own Or If She Not Co-Own What Will Be Impact For ABSD In That Case.
A: if your wife co-own the condo, the ABSD will be 12%. But there are ways to mitigate the impact.

Hope that my answer helps you in understanding your situation. If you will like to find out more about how to mitigate the impact of ABSD and plan a better move in the future do drop me a call, text or email. :)

Best Regards,
Keizer Li
 +65 9726 4869 
keizerlxr@gmail.com Read More

Hi KK, Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi KK, Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

HI

You may text 9620 0827  and we will do a quick assessment on your possible loan and a financial calculation for your reference.

Regards

Gavin Read More

Hi KK,

Firstly, if your current flat was purchased under "Non-Citizen Spouse Scheme", you will only be able to purchase another residential property after you have fulfilled the 5-year MOP for your current HDB flat.

2 years later, if you still remain as SPR, your first property purchase will incur 5% ABSD (as of current rule, assuming no changes in cooling measures). If you joint-purchase with your Wife, ABSD will be at 12% (again, if there's no change in current cooling measures).

LTV will be at max 75% for first property loan (assuming you paid off all mortgage for your HDB flat). This will mean a downpayment of 25% (min 5% Cash) for your condo purchase.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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