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I am a SPR and my friend is under EP. We are not family or related .
We are planning to jointly purchase a condo over the next 3-6 months and wonder if we do that for private residence.
This is mainly to tide over the high rental market and also for short term ownstay and long term investment. We are looking at 2R2B and have a budget not exceeding 850k
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4 Answers

Hi, appreciate your sharing just check have you done your bank loan check ? Any preferable location ? Looking forward to assist you at 9696 4398  .

Stewart-PropNex Read More
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Dear Arulrajah
I think it is a wise decision. However, there is one key thing to take note. SPR's pay an additional stamp duty of 5%. Foreigner's pay 30%. This is the ABSD. So, please contact me so that I can advise you further.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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YT Tan (陈永达)
Good afternoon Arulrajah,

Yes both of you are eligible to purchase a private property. But do take note, buying a private with your foreigner friend will be subject to 30% additional buyer's stamp duty (ABSD) compared to you buying alone (5% ABSD).

If you decide to proceed further, have you speak to any banker in regards to your in principle approval (bank loan amount)? Do you have any preferred location and requirements?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Hi sir,

Are you aware of the ABSD amount applicable for the purchase? Let's discuss more!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

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