8 Answers

Hello!

If the partner you're referring to is your marriage partner - there will be no ABSD incurred (Matrimony House) as long as both of you only own 1 unit.

If the partner you are referring to is a "business/ investment" partner, buying either on Joint Tenancy or Tenancy in Common, ABSD will only be incurred on your partner's portion.

Call me at 93279377  anytime for me to understand more and assist you further.

Thank you.

Best Regards,
Kendrick Read More
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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, if the foreigner is gonna be your spouse to be, then by getting married and purchasing a unit would not get you involve in any ABSD as this new purchase is considered a matrimonial home.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Good afternoon,

For a $2mil purchase, the buyer stamp duties amount to $64,600.
If a foreigner purchaser is involved, there will also be ABSD applicable, and this is 20% on the purchase price.

If you guys are of married status, you be pleased to know that married couples with 1 singaporean involved, and jointly purchasing the property as a matrimonial property and fulfilling other eligibility conditions would be eligible for ABSD refund / remission, hence foreigner additional buyer stamp duties of 20% will not apply, and only buyer stamp duties are applicable.

Do note if the current property is yet to be sold, the ABSD is payable first and only be eligible for refund if the property is sold within the stipulated timeline and other conditions such as matrimonial property purchase etc. fulfilled.

I have worked on similar cases and would be happy to share the best approach to structure the purchase. 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 Realtor
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Dear Sir/Mdm,

If you purchased as married couple, then no ABSD is applicable provided that you time the sale and purchase in the right order. However, if it is someone who is not related to you, then the higher 20% ABSD will apply.

However, it is also possible to structure the purchase so that you can minimise on the ABSD that is payable. Please feel free to contact me so that I can understand your situation and draw up a purchase plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“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.”
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“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)

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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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Joanne Chia 谢诗琳
If you and your partner get married , there will be no extra Property taxes or ABSD additional buyer stamp duty .

Alternatively if your partner is from one of the 5 nationalities with FTA free trade agreement with singapore , likewise NO extra property taxes or ABSD is applicable , married is not a criteria too . The 5 countries are switzerland , lietchestein, usa , iceland and norway .

Kindly contact me joanne chia for a no obligations chat for your property needs at hp 8333 3327  .

My charges are 1% commission for exclusive selling rights to your property, or 2% for open listing.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia.
Hp 83333327  Read More
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Robbie Chen Chee Howe
Hi,

If you're married to your partner, and that you sell your current private property before you commit to the next purchase, you will not incur any ABSD. This is because the property will be considered your first matrimonial home.

If you are not married, and your partner is not a Citizen of either Switzerland, Norway, USA, Iceland or Liechtenstein, you will incur ABSD of 20% should you purchase the property jointly.

The best approach to buy a property with a foreigner without incurring any ABSD, is to marry the foreigner.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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