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Hi,

You can choose to buy under the SPR name only, the ABSD will be relatively less costly at 5% versus foreigner first purchase at 60% . After purchase, concurrently apply for SPR for the foreigner spouse as it takes time to apply successfully. So once its approved, you can then add the spouse into the ownership.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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What is the extent of ABSD concern? A PR/Foreigner couple can only purchase non-landed private residential property. If you are looking to combine names as joint owners for this purchase, the higher of the ABSD tier will apply at 60%, however, if owner is only the PR, the ABSD rate will be reduced to 5% instead. The setback for sole ownership will be that loan assessment will only be based on the PR's income and age. Without knowing your numbers behind, we are unable to provide any practical advise.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Warmest regards,
Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
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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. Have a good day ahead. By the way, purchase a unit under the sole name of the PR only if the budget permits.

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

Hi, appreciate your sharing. Looking for private condo ? Is the PR applying for citizen?
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More