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HI,

I'll break out your questions and address one-by-one:
(1) BSD: This is fixed regardless of type of property and residence status. A general formula is "3% of the property - $5,400", unless the property is less than $360,000, then a different formula will apply.

(2) ABSD: IRAS always tax the highest if you understand how it works.
SC: no ABSD for 1st property regardless of type.
SPR: 5% ABSD for 1st property regardless of type.

(3) Whether previous HDB loan affects the ability to loan again?
There is a rule that can only apply and grant HDB loan twice in lifetime. Thus you should not have any problem getting it. The best way to approach this is to apply HLE from website, you will know every well how much and eligibility of getting HDB loan.

I can assist you over this.

Hope the above answer to 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

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Good morning,

Since this will be your matrimonial unit, ABSD will not be payable. Standard stamp duty still apply. As he had taken HDB loan before, he will need to prepare 50% cash based on his profit which he had gotten during the sales. However, both of you can still obtain bank loan for the purchase.

DO feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More