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I am SC and my gf is PR. we intend to buy Condo as our 1st house but it will incurred ABSD 5%. understand that it can be waived if they are married couple. However, we plan to get married only after Condo TOP. May I know what is the time limited to submit refund of 5% ABSD?
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4 Answers

YT Tan (陈永达)
Good afternoon Joyce,

As both of you will be purchasing this private property most probably under non related parties first so you wont be able to apply for ABSD remission when both of you are married in future.

If you want to avoid paying this 5% ABSD, probably you guys should consider to get married first before purchasing.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
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Hi Ms Xu,

You will probably need to consider tying the knot before purchasing so as to save on the 5% ABSD.
However consider this:

Thinking objectively -
If you were to factor in your 5% ABSD liable for your purchase, the combined purchase price (price of unit + 5% ABSD) , you may still end up paying the same equivalent to the actual purchase price should you wait longer to purchase. This could be very well influenced by a consideration of remove some cooling measures. Any tweak in policy, will send prices shooting up, 5% or more. Prices are already quite attractive at present moment with huge discounts. You paying 5% ABSD now may actual save you some cash should you wait. Good for thought. You just need to identify the right property with good attributed and high discounts to maximize your interest.

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase as well as to explore the possible options accordingly.

If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

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

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

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Hi,

Unfortunately for ABSD remission, you have to be legally married at the point of purchase to qualify. One option is to go ahead with the marriage proceedings first, another will be to work out an budget and discounting 5% from it so that the ABSD is offset by the discounts. May I understand your preferred location and budget so as to provide a list of viable project? Thanks and hope to have the opportunity to work with you.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi. you can consider to get it under your name alone if financial side allows.
Tricia Tan 91442664  Read More
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