AskGuru Q&A Community

Hi Kevin,

I'm not sure where you heard your information from, but I am very firm that you will NOT get your ABSD refund even if you sell away your current property within 6 months of your second property's TOP.

In order to be eligible for ABSD refund, your second property will have to be a joint-purchase, to qualify as a matrimonial home. And within 6 months upon the purchase, you will have to sell off your current property.

Do also take note that if your current property is still under loan, you can only loan up to 50% of your second property purchase. This means that you will have to fork out 50% downpayment.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Kevin,

To qualify for ABSD refund, your 1st property must be a matrimonial property under your joint names, the 2nd one also purchased under your joint names and 1st property sold within 6 months after the purchase. Both also must be SC locals. The rationale of such conditions is they are trying to provide relief to genuine SC upgraders.

It looks like you are restructuring your portfolio, I be happy to share more on how to minimize the costs and the best approach to stretch the dollar. 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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi Mr Kevin,

Maybe you want to consider the option of Selling and buying 2 individually. it will be less complicated, but due financial prudence is needed.

Do drop me a line for further discussions.

BR
Shawn
 90294371 
ERA Read More

Hi.
If your 2nd property is under your wife name alone,you will not qualify for Absd remission.Lets meet up so I can share with you the various options available.

I am available via a msg/watsapp at 91442664  .
Tricia Tan
 91442664 
Group Director Read More

Hi Kevin,

In such a scenario, since the intention is to hold 2 properties, without having to pay the ABSD, you should probably look into decoupling now, even before you found something you like as a second property under your wife's name. The whole process of decoupling is pretty straightforward as long as the income level for the individual holding on to the property is sufficient to undertake the entire home loan.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi Mr Kevin,

As for your question about the ABSD waiver for your second property, I believed it is already being answered by some of the gurus here. You will not be able to waive the ABSD unless you purchase the second property under both your names.

There are a few points which I am not very sure in your scenario. If you already have plans to sell off your first property after the purchase, then what is the reason that you only want to buy the next property under your wife's name only? Is it because you may wish to buy a property under your own name also? If the answer is yes, then we are definitely looking at Asset Growth Planning here. Actually in Singapore, if we can afford more than one property, we should really plan ahead for it. Times have changed so much over the years. Last time when a buyer wants to buy, then they just buy. Other than affordability, there isn't much things that we need to ponder about also. But in present times, every little things makes a difference. How we buy, what we buy, when we buy, how we finance and how to strategise the financing all makes a huge difference. And as properties starts in get more expensive over time to come, we really need to do our planning properly.

Maybe if you are fine, we can meet up for a coffee session and we can have a chat about this. No worries as there are no obligations at all. We can just take it as a chat. Usually it is during such meet ups that we can get to know you and your family better and it is then that we can provide some good advice to you.

Looking forward to hear from you soon. Cheers!

Best Regards,

Jeffrey Heng
Associate District Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)

** Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ **
** Featured in Propertyguru Magazine - https://goo.gl/cioyEu **
** Words From Clients - https://www.sgpropertyadvisers.com/testimonials **
** Check out our video here - https://youtu.be/3DdYBZg2Cxw **

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More

Good day Mr Kevin Tan .

Hopefully the 2nd property that your wife intent to buy individually is a resale ready unit , therefore can collect key within a few months . Sell your family condo BEFORE she commit to buy the next condo Without having to pay ABSD , she may negotiate with the buyer of your condo for 3-6 months extension stay for your family stay during the interim period , subject to negotiations. Please note not all buyers are agreeable to extension stay and some buyers will not let your family stay rent free .

Kindly contact me Joanne chia Hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents marketing ) .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More