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Hi, would like to know if my current HDB flat is fully paid and have met the MOP, can i buy a private property with another person who doesn't have any property in singapore via tenancy in common? i.e. i own 1% and the other person own 99%?
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5 Answers

YT Tan (陈永达)
Good afternoon investor,

You can do so but do take note that you will be subject to additional buyer's stamp duty of 7% on the residential property as a Singaporean
even though you own 1%. Higher of the ABSD applicable.

Probably you can share more with me on this proposed arrangement so I will be in a better position to advise and assist you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More
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Afternoon,

Since you have fulfilled MOP, you are eligible to purchase your second property while keeping your HDB unit, provided that you are SC. ABSD is payable depending on the citizenship status of your friend, regardless of percentage of holding on the upcoming purchase.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,

Its possible, assuming the other person is SC, please note 7% ABSD applies with a joint purchase under tenancy in common, since its your 2nd property. May I have more details so to make better recommendations? Will be glad to share ways on how to minimize the upfront costs. Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi Sir/Mdm,

It is possible for such an arrangement. However, do note that 7% Additional Buyer Stamp Duty is still applicable.

You are thinking of adopting this arrangement so that you are able to secure more loan?

Please feel free to contact me so that I can understand your situation and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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.”
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GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred SG Professional- Agent.myweb.sg & Agent.irealtor.sg

Dun clear of your questions, regardless of the ratio you have in the next property. ABSD will be applicable.
Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
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