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My husband and I wish to purchase a secondhand condo.
We both are SPR, he is from Switzerland and i am from Malaysia.

This purchase would be our first property in Singapore. May i know if the ABSD can be remitted?

Thank you.
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5 Answers

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, your stamp duty payable will be at 8%.

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

You can consider to put under the husband's name. ABSD is not applicable for Switzerland PR due to our Foreign Trade Agreement. More details @

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Remissions/Foreigners-Eligible-for-ABSD-Remission-under-Free-Trade-Agreements--FTAs-/

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Robbie Chen Chee Howe
Hi,

As your Husband is of Switzerland nationality, he will not incur any ABSD for his first property purchase in Singapore.

However, if it were to be a joint-purchase (you and your husband), ABSD of 5% applies.

If your husband is able to secure a loan on his own, I would recommend that he purchase the property under his sole name, to save on the ABSD.

I am experienced and well-versed in private transactions. I will be able to assist you in your property plans.

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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HI,

Your husband's nationality is one of the country under the Free Trade agreement where ABSD will not be incurred on the first property.
However, if the condo also include your name, then ABSD will apply.
I will guess your husband will be able to finance the loan himself but i am sure the feel good factor will be there if your name is in the property as well.

Perhaps we can discuss more on how to go about handling this situation and to get a condo that truly belong to both of you.

Thanks!

Alan Sng
PropNex
 92707548  Read More
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Hi Sir/Madam

I will be glad to assist, no agent fee from condo buyer
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
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
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