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Hi Mr. Neo,

If you intend to keep both properties, the total stamp duties payable (BSD+ABSD) will be 13% approx. If purchase under Single name, ABSD maybe lower, but loan will also much lower due to single income, and its unlikely to fund a larger price quantum property.

Thanks and may I have more details so to make better recommendations and value-add? Hope to assist you with the best approach. Thanks.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
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Good morning Kino,

Let me assist you further with your enquiry.

In regards to stamp duties:
1) You: 7% Additional buyer's stamp duties (2nd property)
2) Your spouse: 5% ABSD (1st property)
3) Both names: 7% ABSD (higher of 5% or 7%)

ABSD will be on top of BSD (estimated 3%).

Purchasing solely under one name:
1) Yourself:
- if you still have outstanding loan for your HDB, you can only obtain up to 50% bank loan thus downpayment will be 50% (25% cash and 25% CPF) as well.

- If you have utilised CPF OA funds in current HDB, you have to set aside half of CPF minimum sum which is $80.5k now.

2) Your spouse:
- she can obtain 80% bank loan (subject to TDSR)
- she can utilise all her CPF OA funds

3) both names:
- ABSD difference is only 2% between purchasing joint and single purchase but you should be able to obtain a higher loan quantum as bank will take both income into consideration.

I will suggest to speak to my bankers first so he/ she can advise how much loan can each of you and both of you obtain then we work things out from there.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi Kino

If you are buying in your name there is an ABSD (7%) involved apart from the normal stamp duty.

If it's in your wife name than it will be ABSD (5%) involved apart from the normal stamp duty.

You may email to gavin.ng@orangetee.com or call 9620 0827  .

Regards Read More

Hi Mr Neo, as my two fellow agents as pointed out, min ABSD you would have to pay for the stated arrangement would be 5% using solely your SPR spouse name to purchase your next property. There are ways to achieve a higher percentage of loans depending n your situation and financial status and also ways to achieve your aims by rearranging your property portfolio. Do drop me a call or e mail for a more detailed discussion for us to tailored your property solution.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Dear Mr Neo,

In all honesty, I would not encourage you to keep your existing HDB, if it is not a fully paid up unit. I am unsure on how you have worked out the projected purchasing price range for the private property, but in cases where it is just an estimation, I highly encourage you to speak to a banker first to work on the financial aspects and understand better the financial commitments if you have not done so. Maybe we should discuss more on your plans moving ahead.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
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Hi Mr Neo,

It makes perfect financial sense to purchase a private property to stay while renting out your HDB since you have already met your MOP.

It is advisable to purchase under your wife's name as the sole owner as the Additional Buyer Stamp Duty (ABSD) will be lower at 5% instead of 7% if you were to purchase together.

It is also important to check the loan amount that your wife is eligible for before embarking on your search for a home. Once the loan amount is determined, you can better plan your finances and look for a home that you can afford comfortably while enjoying the high rental yields that your HDB is bringing you.

Please feel free to contact me at 9644 4854  so that we can discuss further. I can also draw up a financial plan for you!

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

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue 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)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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 of HDB)

“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 of HDB)

“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 through Nick) Read More

Afternoon,

If you opt to purchase the private property under your name or joint ownership, ABSD of 7% is payable as your spouse was not classified as the owner in your HDB unit. Should your current unit be still under mortgage, you can only obtain max of 50% loan. If the unit is placed under your spouse's name, ABSD would be 5% instead. She can also obtain max of 80% loan based on her income status.

Do contact me further should you require my assistance.

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

Hi
I would love to sit down with you and give you the different options for consideration based on your financials.
You may reach me via 91442664  for a detailed discussion.
Looking forward to hear from you.
Tricia Tan 91442664  Read More

Good day Mr Neo .

If you wish to keep the hdb and buy a 2nd property , ABSD payable is 5% if wife solely purchase private .

7% ABSD payable if buy in your name solely or jointly .

As far as loan is concerned , Only owner of the property can be borrower . Non owner cannot be guarantor of the loan .

If for any reason you have to sell off your hdb , especially for the purpose of ABSD savings , my charges are 1% comm for exclusive selling rights to your hdb , or 2% for open listing .

Kindly contact me for a no obligations chat for your property needs .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Mr Neo,

Re: Our Preferred Experienced SG Realtor

Best importance is to have mutual agreement between your wife.

1) SC Single name purchase lower ABSD
2) Your wife willing to convert to SC for lower ABSD.
3) Alternative...

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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