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Hi I may have some solutions for you. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi,

It is not easy to explain under this forum. But I will try my best to provide some of my thoughts.

1) ABSD is based on the share amount of the property. However there are certain conditions applied. Not all property can be done in this way.

2) Refinance is layman term, under bank's term is often known as re-mortgage or 2nd mortgage. We have to look at the current valuation, outstanding loan, CPF contributions & more before can advise what is amount you can cash out from current property.

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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Hi, ABSD is based on the number of property one own and not by percentage count for one share. So I’m afraid you will be tax on the ABSD in this case.

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

Good afternoon,

For the next property, may I know if you are looking at resale or under construction property? I understand your objectives to minimize costs and to achieve ownership of two properties. I may have a solution to recommend, but would need a bit more info.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
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W: ivanng10.com/clientreviews
(Client's Testimonials)

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Hi Sir,

ABSD is payable based on the ownership of the property, regardless of the percentage. Hence even if you were to own 1% of the property you're going to purchase, you will be charged the full ABSD rate, for Singaporean's 2nd property, 12%.

However, I totally understand your situation, and I may be able to provide you with a solution, just as I have helped one of my other client do the same!

Should you need any 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

Good day sir / madam.

You can consider selling your newton condo , thereafter ,together with your girl friend buy a property without having to pay ABSD .

Kindly contact me Joanne Chia at my mobile +65 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Hp +65 8333 3327  Read More

Good afternoon,

ABSD applicable will be based on the highest ABSD applicable to either owner (unit as a whole) rather than a percentage of ownership.

For eg.

You 12%
Girlfriend 0%

It will be 12%.

As for unlocking the capital appreciation of your newton property, we can do a gearing (term loan).

This impending purchase will be for own stay i presume?

By the way I do hear and understand your concern. Will you be keen to have a short meet up to discuss and explore your options of own properties without much worry?

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

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YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
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