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Hi,

Banks will take into consideration the incomes of the borrowers, only if they are also the owners of the property.

It is not to your advantage to include both names as owners, as the ABSD rate will be based on the higher rate of the two, which in this case, will be 30% ABSD (based on foreigner's first residential property). This will not be applicable if both of you are legally married (due to possible ABSD remission eligibility). Regardless whether you guys are married, it is still possible to structure as 50-50 ownership or even 99-1. Btw, may I know which nationality is your partner?

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
ERA Senior Marketing Director
ERA Diamond Achiever

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If both of you are listed as co-owners, yes, banks will take both income into considerations. Would you like to speak to a qualified banker first before you embark on your home search such that you need not waste unnecessary time searching for unsuitable properties if finances don't allow?

There is no obligations and also no fees involved in checking on your loan eligibility.

I have been in the real estate business since 2009, with more than 13 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes banks would take both of your income to assess with regards to housing loan as both of you are the co owner.

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

Hi
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Good morning Miss,

Banks will take both of your incomes into loan assessment. Should i get my panel of bankers to advise you on it?

By the way do take note that your purchase will be subject to 30% additional buyer's stamp duty as both of you are not married thus wont be able to enjoy ABSD remission as matrimonial home (higher of ABSD: SC 0 vs foreigner 30%).

If not what's his nationality? Foreigner might enjoy treatment as Singaporeans if they are from specific nationality due to the free trade agreements.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Mdm,

Yes it is possible to take both your income into consideration as long as your partner has got valid pay slips. However do take note that if you both are not married, you will be subjected to the Additional Buyer Stamp Duty (ABSD) of 30% as he is a foreigner. If both of you are married, the property purchased will be considered a matrimonial property and therefore ABSD will NOT be applicable.

I have assisted my clients who are in the same situation before to purchase a property. Feel free to contact me so that I can give you an overview of the purchase process and highlight to you the important issues to take note of.

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 / 2022
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I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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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!!”
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Hi

1. For buying private property under 2 names (regardless of relationship), bank can take all owner incomes into consideration for the home loan.

2. Please take note if you and your partner not married, it might be subjected to the Additional Buyer Stamp Duty (ABSD).
For married couple who meet the requirements can apply for ABSD remission:
https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/remission-of-absd-for-a-married-couple
Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens: Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland and Nationals of the United States of America.
https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/foreigners-eligible-for-absd-remission-under-free-trade-agreements-(ftas)

3. Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

4. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.

5. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I hope the above clarifies, please feel free to contact me at (65) 96608508  so I can explain further
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Miss,

Yes, both your income can be used to take up a housing loan if both of you are co-owners.

However, do take note that if both of you are not married, you may be liable for ABSD for the purchase. The amount of ABSD payable is dependent on his nationality, and the number of properties both of you currently own.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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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