Asked by Anonymous
Hi..I plan to buy a resale hdb flat for self stay and sell my existing 5 room flat after buying. Am I exempted from TDSR as I read some types of situations are exempted?
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3 Answers
Hi,
Nope all property purchases with loan financing require the applicants to pass the TDSR requirements. 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 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/clientreviews
(Client's Testimonials)
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services Read More
Nope all property purchases with loan financing require the applicants to pass the TDSR requirements. 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 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/clientreviews
(Client's Testimonials)
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
--- HDB Flat Sellers Mr. Hayum and Ms. Azizah ---
Ivan has justified our faith in appointing him as our Exclusive Agent. He transacted our unit at 620k, above valuation & highest price ever achieved for our block, within 2 months.
In a slow market, you need a proactive & committed agent who puts the extra effort. Besides advertising in papers & online intensively, he also had personally distributed flyers & spoke to potential buyers in neighboring blocks to increase exposure. Every week there were viewings & feedback.
He actually secured 2 attractive offers but assessed that the 2nd one will be a more smooth transaction. We're glad to have proceeded with his advice for a successful completion. Throughout he was professional and responsive. We wish him a great career and will be happy to recommend his services Read More
Dear sir/madam,
Any purchasers who requires a housing loan from the banker will be subjected to TDSR (Total Debt Servicing Ratio). In your case, there is no exception.
You will not be subjected to ABSD (Additional Buyer's Stamp Duty) in this case as you are only allowed to own 1 HDB by default because you will be required to sell the existing one within 6 months window from taking possession of your new HDB.
It will be good to run through the financial standings for the entire process before you embark on this process as it will be a highly stressful one to go through if you are not well prepared.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team
Claim your free home report today at https://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
Room Rental @ https://www.facebook.com/SGRentARoom/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
Any purchasers who requires a housing loan from the banker will be subjected to TDSR (Total Debt Servicing Ratio). In your case, there is no exception.
You will not be subjected to ABSD (Additional Buyer's Stamp Duty) in this case as you are only allowed to own 1 HDB by default because you will be required to sell the existing one within 6 months window from taking possession of your new HDB.
It will be good to run through the financial standings for the entire process before you embark on this process as it will be a highly stressful one to go through if you are not well prepared.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team
Claim your free home report today at https://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
Room Rental @ https://www.facebook.com/SGRentARoom/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
Hi,
TDSR = Total Debt Servicing Ratio.
Everyone who buys a property, will be subjected to loan based on their TDSR.
I suppose you mean ABSD, Additional Buyer Stamp Duty?
If so, you are exempted from ABSD if you're going to purchase a resale HDB flat. You will then need to sell your current HDB flat within 6 months.
Should you need any 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
TDSR = Total Debt Servicing Ratio.
Everyone who buys a property, will be subjected to loan based on their TDSR.
I suppose you mean ABSD, Additional Buyer Stamp Duty?
If so, you are exempted from ABSD if you're going to purchase a resale HDB flat. You will then need to sell your current HDB flat within 6 months.
Should you need any 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