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I have a complicated question need some advise.

Below is me and my Wife profile :

Me: Singaporean
Wife : Singapore PR

We bought a Resale HDB one year ago under Non-Citizen Spouse Scheme. This is because my Wife was not yet a PR. She has recently gotten her PR after one year of staying in the Resale HDB. When I applied for the Resale HDB, my wife was still not yet PR. Therefore, she is not a joint owner but is stated as occupier in the current Resale flat contract.

I want to check the following as we are looking to buy a private property now but wish to keep the Resale flat.

1. Can my Wife make the purchase of the private property under her name now ?

2. Can the purchase take place now or must my Wife need to wait 4 more years for MOP of the current Resale HDB flat before she can purchase ?

3. Must the private property be under both our names or can it be under my Wife name only ?

4. As a PR, can my Wife buy a freehold property ?

Thanks for the advise.
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5 Answers

Mark Ng S W
Replied
Hi

Do contact me at 97970200  or ngsiewwhye@gmail.com to discuss more

Mark, your RIGHT choice
MCG Read More
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Steven Wang
Replied
Hi,

Kindly contact me and we can take this offline.

regards

Steven Wang
Edmund Tie & Co
khim.wang28@gmail.com
 +65 9159 5023  Read More
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CK Ang
Replied
Hi,
Below is my input for your question.
1. Yes, your wife can purchase a private condo under her name.
2. She can purchase any time.
3. It can be either under both your name or just her name
4. Yes, is possible to own a freehold property.

Fyi, if purchase under your name, there is a 7% ABSD. If purchase under her name, there is a 5% ABSD. Please drop me an email for me to share more on the purchase requirements and the procedures.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Mike Lim
Replied
Good morning,

When you purchased the resale HDB unit one year ago, you would have included your spouse as essential occupier. Given so, both of you are required to fulfill the MOP requirement before you can purchase your second property.
If this purchase is done under your spouse name, ABSD payable will be 5% but if it's under your name, ABSD would be 7%.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Robbie Chen Chee Howe
Replied
Hi Sir,

It is actually not that complicated. Let me help you with your enquiries:

1) and 2) Your wife cannot purchase a private residential property now, as she is the essential occupier of the HDB flat that you purchased 1 year ago. She will need to fulfill the 5-year MOP period too, before being able to purchase a private residential property. She can however purchase a private non-residential property, as it does not falls into the MOP restriction.

3) It can be both under her name or both your names.

4) Yes, she can purchase a freehold property, as long as it is "strata-titled".

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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