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Hi

ABSD with be based on a foreigner rate.

Bank will need your supporting income document and the payslip is one such document.

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi,

1) All Tax collection authorities in the world function the same, they will try to collect taxes as high as possible.
2) ABSD on 1st property purchase for SPR is 5%, FR is 20%. So when buying together IRAS will collect the higher rate which is 20%. Apart from the buyer stamp duty of ~3% for property equals to and less than S$1M and ~4% for property more than S$1M.
3) Yes, in order to get a house loan. Submitting 3 months Payslips is the minimum requirement for the bank to verify whether you are able to pay them promptly.
4) Over in Singapore, all banks are using TDSR to assess your loan amount. Maximum up to 75% LTV.
5) You will have to prepare a down payment of 25% for any purchase.
6) Legal fees are around $2.5k.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Sir/Madam

I will be glad to assist
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Sir/Mdm,

If you use your income as loan assessment, you will need to be one of the owners and therefore the higher ABSD rates of 20% will apply although you are buying with your spouse who is a SPR.

Please feel free to contact me so that I can understand your situation better and advise you on how to best structure the purchase.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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“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.”
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“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

Good evening Sir,

Sorry to inform you that the higher ABSD rate will be imposed on your purchase, your 20% vs 5% for your SPR wife.

"If a property is jointly purchased by buyers of different profiles, the profile with the highest ABSD rate will apply on the entire value purchased."

You can refer to this IRAS link:

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty--ABSD-/

But having said that if you are a foreigner from these countries, you will be accorded the same treatment as Singaporean.

1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland.

2. Nationals of the United States of America

You can refer to this IRAS link:

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Remissions/Foreigners-Eligible-for-ABSD-Remission-under-Free-Trade-Agreements--FTAs-/

As for loan assessment, you will be able to obtain a housing loan based on your income. But out of curiosity, how come you never consider to include your wife's income (if any) in the loan assessment?

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
You dream. I create. We make it happen!

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Hi,

You will need to be the owner of the property if you were to use your income for loan.

However, there may be some ways which you can optimize the stamp duties payable. I will need to understand further before I can propose you an ideal solution. Do get in touch with me for further discussion.

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