AskGuru Q&A Community

Dear sir/madam,

As a SC-FR married couple who is purchasing your first matrimonial home, you will be eligible to apply for ABSD remission. You do qualify for resale HDB purchase under non-citizen spouse scheme where your foreigner spouse will be listed as an occupier.

Extracted from HDB website:

"If you are 21 years old or above, your spouse must have a valid Long Term Visit Pass or Work Pass at the time you submit your application to buy a resale flat. The pass must have a validity period of at least 6 months from the date of issue.

If you are 35 years old or above, your spouse must have a valid Visit Pass or Work Pass at the time you submit your application to buy a resale flat. The pass need not have a validity period of 6 months from the date of issue.

Note: If the pass expires during the transaction to buy a resale flat, it must be renewed and valid at the time you complete the resale flat purchase."

In terms of financing, loan is granted based on assessment of your income where HDB makes use of the MSR concept while private residential makes use of the TDSR concept for assessment, where in most cases, the loan amount granted for private condo can be higher. With better understanding on the commitment and monthly repayment, you will be able to decide better which option is more ideal for your family after knowing the various options available.

We are offering our clients a complimentary 45 minutes first consultation without obligations (Absolutely FREE!). Visit http://bit.ly/FOC1stConsult to schedule your FREE session today!

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

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://www.youtube.com/watch?v=uZ6REQfdGSw

Regards,

Geryl LIM
Consultant
**Aspring To Be The Best Real Estate Agent In Singapore
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ https://webapp.mobileappco.org/m/MoreLanded7772/ now! Read More

Hi Sir,

You will be eligible to purchase a HDB resale flat under the "Non-Citizen Spouse Scheme." Under this scheme, you will be the sole owner of the flat, with your foreign spouse the essential occupier. This also means that for loan purposes, only your income (not combined income) will be taken into consideration.

If you had previously not gotten any Grant, you will be eligible for CPF Housing Grant of up to $25k, and EHG (if your combined household income is not more than $4500).

You could also consider private residential if you wish to include your foreign spouse's income into the loan. For loan matters, it is advisable for you to speak to a Banker first before you start your property search. I can recommend to you my trusted bank to assist you on this matter.

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

Dear Sir/Mdm,

If your spouse is a foreigner with no LTVP, then you will not be able to go for a resale flat as you will not be eligible.

From the information that you have shared, you seem to be in a good position to go for a private condo near your work place.

Please feel free to contact me so that I can draw up a financial plan for you to ensure that you do not overstretch yourself and also recommend some possible options for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More