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Hi,

I think it might work out better if we could have a personalized and interactive session for me to draw out the exact financial calculation projects/breakdown and illustrate the progressive payments and its due timeline. This will be apt as it recognizes the fundamentals of your purchase and is extremely precise in nature so that you have a good grip on the finances. I could also advise you on the procedures and the properties you can consider to enhance your portfolio with immensely favorable attributes.

Let's catch up at 96659926  and allow me to walk you through this process seamlessly! Furthermore, no agent fees is involved, with the entire technicalities of the purchase resting on my shoulders to best protect and maximize your interest.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

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2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

Hi,

Firstly, you must have your MOP of 5 years. Next,
If both you and your brother are both SPR, currently holding onto HDB, if you purchase a condo, you have to sell away your HDB within 6 months as HDB does not allow SPR households to keep both HDB and condo. If you withdraw your name, HDB will also not allow your brother to keep the HDB under a sole SPR owner. Hence it has to be sold.

Hence if you go for
Option 1:
Its the ideal scenario as your objective will be met, and you get to keep your HDB. She will have to come up with 5% cash + 15% cpf for downpayment, assuming she can get 80% loan. Stamp duties will be approx 3%.

As mentioned, Option 2 and 3 involves selling your HDB. If this is not ideal, then it is not meaningful to discuss. Unless your brother is a SC, perhaps we can discuss further on the financials for options 2 and 3 to see if they are workable for your plans..

Thanks and hope to understand your housing plans better so as to value-add further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Morning,

For joint single scheme that involve SPR, you could have purchased the HDB unit long before the new ruling was introduced. However, as SPR owner, you are required to sell any your HDB unit within 6 months of key collection to your private property. Therefore, the best option is for your spouse to purchase the property under her own name. ABSD will not be payable but the mortgage and CPF utilized can only be under her name solely.

Do contact me further if you require detailed discussion.

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

Hi,
option 1 is the best. You can keep you hdb and can avoid ABSD. If eligible for 80% loan, the cash required will be 20% + 3% + 3K. To assist and advise you the details, please drop me an email for me to compute the estimated loan quantum and the details.

I can be contactable at my mobile or email.

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