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im single owner bto
wife is essential occupier
after mop, if i sell my bto away

1) can my wife buy a new bto on her own with me as essential occupier? if yes, we will subject to a new 5 years mop. any resale levy need to pay?

2) after my wife newly purchased bto mop passed, i can buy private property without ABSD as i have no property?
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2 Answers

Mark Ng S W
Replied
Robbie Chen Chee Howe
Replied
Hi,

Resale levy is applicable in this case, and you will also need to fulfill a new 5-year MOP for the new BTO flat before either of you can purchase another residential property.

There is no ABSD payable if a Singaporean purchase the first residential property.

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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  • QO
    Replied
    how much resale levy we are looking at?

    i have 3rm now, planning to change to 4rm?

    need to wait how long then no need to pay for levy?

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