AskGuru Q&A Community

Hi Mrs. Wang,

May I know what do you mean by co-occupier? His/her name is used to apply for the flat ownership, or just staying there as occupier? Both will have different outcomes.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

Hi Mrs Wang

There is a difference between co-owner and occupier. Are you referring to being a co-owner?

You may write to gavin.ng@orangetee.com and we will reply to your response.

Thanks

Gavin Read More

Hi Mdm,

As long as a person does not own any properties under his/her name, the purchase will be considered as the 1st property, and he/she will be able to loan up to a max of 80%.

Also, even if he/she does own a property, that does not mean that for the second property, he/she can only loan 50%. I do have clients who are able to loan up to 80% for their second private property too.

In summary, the number of properties you hold does not fully constitute to the loan amount you can borrow. There are other factors as well.

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

Good evening,

As the occupier does not have any share in the current unit, the purchase will be considered as first property purchase. If the occupier is SPR, 5% ABSD is payable. Loan will be at maximum of 80%.

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

Hi Mrs Wang,

As an occupier, your property count is zero and therefore you will be eligible to purchase a private property without paying the Additional Buyer Stamp Duty if you are a Singaporean.

For the housing loan, you are able to obtain the maximum loan of 80% subjected to an assessment of your income.

Please feel free to contact me if you need further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More