Hi Mdm,
The amount of stamp duty depends on whether who is purchasing the property.
Case 1 - Purchase together with your husband.
As your husband is a Singaporean, when both of you purchase a home together, you will only be liable for the normal stamp duty which is slightly less than 3%. You will be able to secure a larger loan amount as both your incomes will be considered during the loan application.
Case 2 - Husband purchase alone.
Your husband will only need to pay the normal stamp duty of slightly less than 3%. However, as he is purchasing alone, only his income will be considered towards the loan application.
Case 3 - You purchase alone.
As your are a SPR, you will need to pay the Additional Buyer Stamp Duty (ABSD) of 5% on top of the normal stamp duty of slightly less than 3%. Only your income will count towards the loan application.
In my opinion, if your husband income is sufficient to support the loan amount, he can purchase it alone or you can purchase the property together if you need a higher loan. For both case, only the normal stamp duty of slightly less than 3% is applicable.
Please feel free to contact me if you need further assistance on the steps towards purchasing your first property!
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg
Featured on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html
Testimonial from Satisfied Clients (2016/2017)
“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.”
Susana (Buyer)
“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 a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick 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)
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