AskGuru Q&A Community

Morning Kelvin,

You can opt to purchase a part sales of the HDB unit to your mother. However, she must be able to financial the additional mortgage, based on the amount of CPF that you have contributed and the current value of your HDB unit.

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

Hi Mr Kelvin,

The private property will be your second property and therefore both of you would have to pay ABSD at 7% even though it will be your wife's first property. However you may be eligible for the ABSD refund if you dispose of your interest in the house that is co-owned with your mother within 6 months from the date of purchase/TOP/CSC (whichever is applicable) of your matrimonial home.

Feel free to look for me for non-obligation discussion.

Looking forward to hear from you.

Thank you,
Lewis Tan
ERA 90010979  Read More

Hi Mr Soh,

You are aware of the restrictions and regulations therefore I am sure you will not get your way unless you compromise on at least 1 aspect. I will usually check with my clients in similar situations like yours to know how much downpayment can they afford to put in for their purchase before I can propose the next course of actions. Note that regulations cannot be bent but if you have the resources to work around to minimise the inconveniences to your plans, that could be helpful.

Regards,

Geryl LIM

Real Estate Director

Masters Of Real Estate (L3010548F)

CEA Reg R014783H

Mobile: +65-81577565  /+65-92787772

Email: geryl7772@gmail.com

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Hi Kelvin, as long as this is not your 1st property, you have to pay ABSD. To avoid ABSD, I can share with you the restructuring. It will help you to build wealth in long term.

I can be reachable at my mobile.

CK Ang
 9046 3808 
Vestor Realty Read More

Hi Kelvin,

I have just the solution for you.

Do drop me a call to discuss further.

Thank you and have a pleasant day

Andrew Ngauw
 8188 8887 
andrew.ngauw@gps.com.sg
GPS Alliance Pte Ltd Read More