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Home Buying

Asked by WCI 26 Feb 2013

I'm a PR married to a SC. I currently do not own any property. But my husband co-owns a HDB flat with his mother. What is the applicable ABSD if I purchase a property on my own? Thanks.

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William Koh · Answer 1 · 2013-02-26T17:42:20+08:00

William Koh

Replied 26 Feb 2013

Hi WCI,

If you purchase a property under your own name, the ABSD will be 5%.
Feel free to contact me if you need any assistance.

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Mike Lim · Answer 2 · 2013-02-26T18:08:59+08:00

Mike Lim

Replied 26 Feb 2013

Evening,

For PR who purchase property under their own name, being the first property holding in SG, you are liable for 5% ABSD. This is payable by cash within 14 days from date of exercising the Option.

FYI.
Mike Lim
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ERA Read More

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