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Good morning Chin Long,

Let me assist you with your queries.

1) I am afraid to inform you that you are not eligible for ABSD remission. This is applicable if the purchase is under both names of the married couple and you manage to dispose off your HDB within 6 months from TOP date. IRAS then will treat your new condo (only property) as matrimonial home.

2) Married couple are considered as a single entity thus both names must be included to be eligible to purchase a HDB thus your wife is not eligible to purchase a HDB by herself.

Like i mentioned earlier, you can apply for absd remission if you purchase under both names and sell off your hdb from condo's purchase date to TOP date.

If you want to avoid paying ABSD for the property purchase, I will advise you to decouple first before proceeding.

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
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Hi Mr. Teo,

ABSD refund for married couple only works this way: A married couple buying a 2nd property for matrimonial home and only can get back the absd refund selling their 1st matrimonial home. For you it means, you buy the condo under joint name, sell your hdb when you collect keys to condo after it TOP. The rationale for the ABSD refund is that it is meant for genuine SC upgraders.

Your spouse cannot buy HDB on her own as well since you are a married entity couple.

May I have more details so to see if there's any other workaround? Thanks and hope to assist with your purchase further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials) Read More

HI Mr Teo,
Best is to decouple first then purchase the private condo.
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

Dear Mr Teo,

Given the current performance, I highly discourage you to purchase another property for investment, unless you have no other avenues to park your funds and have no other avenues for investment.

Give me a call for more discussion if you are interested to explore more avenues.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com

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Hi,

Re: Our Preferred Experienced SG Realtor

Which property you are interested now? Pls note that remission of ABSD only applicable for SC married couples.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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