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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes sure your wife could go ahead to join name with you for the 2nd property but do take note that the higher stamp duty will apply.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

My Answer with regards to your Question:

The financing structure you are considering, where one person takes a higher percentage of the loan and the other pays a higher percentage of the Additional Buyer's Stamp Duty (ABSD), is commonly referred to as a "disproportionate loan structure" or "disproportionate financing." This is a strategy that some couples use to optimize their financing options. Here's some information to consider:

1. **Loan-to-Value (LTV) Ratio:** The LTV ratio is the amount of the loan compared to the value of the property. Different LTV ratios may apply to the first and second property. For example, if your wife is buying her second property, the LTV ratio may be lower, which means a higher cash down payment is required.

2. **Financing Structure:** Some financial institutions may allow disproportionate financing, where one person takes a larger share of the loan. However, it's crucial to check with the specific bank or financial institution you are working with, as policies can vary.

3. **Additional Buyer's Stamp Duty (ABSD):** If your wife is the second property owner, she may be subject to ABSD. It's common for the person who is liable for ABSD to pay it directly, but you should verify this with the relevant authorities and seek advice from a legal professional or financial advisor.

4. **Legal and Financial Advice:** Given the complexity of property transactions and the legal and financial implications, it is strongly advisable to seek advice from a legal professional and a financial advisor. They can help you navigate the specific rules, regulations, and financial considerations based on your unique situation.

5. **HDB Rules:** If you currently reside in an HDB flat, be aware that there may be rules and restrictions related to financing and ownership. Make sure to check with HDB or consult with a professional to ensure compliance.

Remember that property financing and regulations are subject to change, and it's important to get up-to-date and accurate information from relevant authorities and professionals.

Pls call me to run through the case on a consultation basis to be more EFFICIENT & EFFECTIVE, Easier to SOLVE ISSUES based on DISCUSSION Route of going through POSSIBLE DIFFERENT POSSIBLE SCENARIOS.

Unfortunately, this platform doesn't allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

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I understand that about 2 years back and earlier, this was 1 way to structure the portfolio for home owners, and IRAS has come in to clamp down on such structuring as it is essentially exploiting the loophole to avoid paying tax, and I am aware that some buyers have been made to pay the full ABSD for such arrangement.

If you are unable to secure the sufficient loan to finance this property, why did you proceed to purchase in the first place? If any agents are suggesting this structuring method to you, then you may need to seek other agent to assist you in your portfolio planning.

I have been in the real estate business since 2009, with more than 14 years 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 Group Director
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
 +65 92787772 
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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

Are you referring to resale or new launch under construction property? If you are jointly purchasing the next property, even in 99/1 ownership arrangements, the ABSD will be based on the higher ABSD rate of both Buyers, meaning 20% in this case since your wife already owns 1 flat. Perhaps you can call me at 97432395  and we can discuss more.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
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Hi,

1) The IRAS doesn't look at the matter as what you perceived.
2) The IRAS will categorize this as a married couple buying a 2nd property.
3) The ABSD is charged according to the highest ABSD for owning the 2nd property.
4) Thus, it is 20% of the value or the purchase price of the property whichever is higher. Assuming your wife is an SC.
5) If your wife is an SPR (Singapore Permanent Resident), it will be 30% of the value or the purchase price of the property whichever is higher.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More

Hi Sir,

I regret to inform you that this is not possible. Should you purchase a second property together, be it joint-tenancy, or tenancy-in-common, the higher ABSD rate applies. In this case, you will incur 20% ABSD on the full purchase price, and not what you perceived to be.

I am experienced and well-versed in both HDB and private 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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

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