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Hi Yujing,

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, in your case it is better for your husband to purchase a condo using his sole name as he would not have to pay for any ABSD being the 1st property.

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

Hi Yujing,

I understand your objectives. If its joint name purchase from the onset, the ABSD will be based on the higher ABSD rate of the two buyers, hence it may not meet your objectives. Could I give you a call to understand more and share the most optimal way to go about this?

I am contactable at wa.me/6597432395 . Thanks

Warm Regards,

Ivan Ng Realtor
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Hi, appreciate your sharing. We are able to check with law firm before proceeding your next plan. 9696 4398 
Stewart-PropNex Read More

Good evening Yujing,

17% ABSD will be applicable based on your arrangement. IRAS will charge the higher rate based on the number of residential property count. 17% vs 0%.

I do understand your intention is to obtain a higher housing loan amount if possible. But just a quick question, has your existing condo fully paid?

If not, you will not be able to obtain max 75% loan. It will be 45%. Therefore your downpayment will be 55% + 17% ABSD + 3 to 4% BSD so this arrangement might not be that ideal.

Perhaps we can have a discussion to explore your options to enjoy tax savings if possible. When will be a suitable time to meet up?

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
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Hi there,

Are you aware of the ABSD implications with this?
Do contact me for a detailed discussion. This would allow me to better explain all the concerns and run you through key frameworks as well as offer dyanmic and unique solutions to your circumstances. At the same time, I would be most glad to offer some market insights and share transaction caveats for your understanding.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

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Dear Yujing ,

Hi, I am Brendan!

If you were to purchase another condo with your husband in the form of 99% and 1%, ABSD of 17% of the purchase price payable as a whole.

However, there are some options available for tax savings.

I will like to share more with you. Pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay,
Contact: (+65) 97545207 
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Dear Yujing,

It does not help with ABSD for such arrangement as the 17% ABSD is applicable on the full purchase value even if you are only holding 1% share for the property purchase. Perhaps we can understand abit more on the existing situation to see if there is anyway we can value add to your 2nd property acquisition plans over a phone call?

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
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Hi YuJing,

1) No matter how many shares you own in the 2nd condo, the property will be subject to 17% ABSD since your name is in it.
2) Unless your name is added in after the completion of purchase then you will not be charged 17% for the entire value of the property.
3) You also mentioned that you wish to insert your name so as to get a higher loan. Thus there will be some difficulties in executing your idea.
4) I would recommend you talk to some professionals in order to assist in your purchase to fully utilize your funds in the purchase.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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