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Hi,

1) Residential status: PR + Foreigner
2) Income level: => $14.5k
3) TDSR: $1,730,000
4) Age: unknown. Assume around 40.

A) Due to the residential status, you may consider resale EC or private only.
B) According to preliminarily TDSR assessment, your husband's income level is able to loan up to $1.7M. The other financial consideration is a 25% downpayment. As under the current MAS guideline, the maximum Loan-to-Value of property is up to 75% only.
Out of this 25%, 5% must be in cash.
C) ABSD incurred:
If using both names on the purchase property, you will be subject to 15% ABSD.
If using your name alone, ABSD will be 5%
If using your husband's name alone, ABSD will be 20%.
D) As elaborate in (C), you may buy under a single name only.
E) The last I would like to highlight is no matter how you distribute the number of shares in the property, the same ABSD rate applied.

There could be other methods used to purchase. Pls, contact me for further discussion.

Hope the above answer to your main concerns, but if there are more query, 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

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Hi Mdm,

Sorry to inform that you do not qualify to purchase a brand new EC direct from the Developer.

You could however consider resale ECs that has past the 10-year mark, as these properties are eligible for foreigners.

If you prefer a newer property, you may wish to look into private segment. You will be able to purchase, either under sole owner or jointly, a non-landed residential property anywhere in Singapore. There are no income ceilings for private properties.

In terms of ABSD rate, it will depend on the nationality of your husband. If he's of Switzerland, Norway, USA, Iceland or Liechtenstein nationality, then he will not incur any ABSD for his first property purchase in Singapore.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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