AskGuru Q&A Community

Evening Jamie,

As this purchase will be considered as your spouse's second property, ABSD of 7% will be payable. As for the mortgage, both of you can only obtain 50% loan if the current unit have not being paid in full.

Do feel free to contact me should you require additional assistance.

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

Hi Jamie,

If you were to jointly purchase the next private property, ABSD will be on the higher stamp duty rate of the 2 purchasers (ie. 7% on SC 2nd property). Hence its more advisable to purchase on your sole name since ABSD will only be 5%. Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Jamie, in your case, it would be ideal if you could be the sole owner of the new property that you are going to purchase. Reason is that you be paying lesser ABSD at 5% and also, you could be able to loan up to 80% from most banks.

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

Dear Jamie,

I believe you have already gotten the information regarding the rate of ABSD payable in this instance. Depending on your plans on the next purchase and current property you are holding, you may wish to do some portfolio planning and exploration on potential savings of even more on the stamp duties applicable. Your eligibility to purchase may also be affected by the loan you are eligible to undertake based on the different manner of holdings.

Plan well before moving on. Hope you get an ideal home soon! Get in touch with me if you require any assistance.

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

Claim your free home report today at http://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi Jamie

7% ABSD if you and husband buy another property .

5% ABSD if you alone buy a private property .

No ABSD If your husband sell his first property , subsequently you and your husband can buy a private property together without ABSD .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your property or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne_chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

HI Jamie,
The ABSD will be 7%.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good evening Jamie,

As a SPR, you will be subject to 5% ABSD for your first property purchase.

If it's a joint purchase between your spouse and you, it will be 7% ABSD (higher of 7% as SC for second property and 5% as SPR for first property).

Care to share more about your intention of this purchase? Is it meant for investment?

Why did you think of co-ownership? Is it you want to obtain a higher loan quantum based on combined income?

Perhaps you can share more with me so I will be in a better position to advise and assist you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No.1 team in Propnex Read More