Asked by Anonymous
My wife and I owned a matrimonial property about 15 years ago. About 3 years ago, she invested in a condo under her own name. Recently, we plan to sell our current matrimonial home and buy another home jointly. We will told that we will be subjected to the new ABSD. She has already paid a higher BSD for her second property. We will be deprived of owning a new matrimonial home unless we pay the ABSD.
I can buy the new property under my name and I will not be subjected to the new ABSD. However, it will be a stretch for me because, I will not have enough to service the loan installments because a part of the installment is our joint CPF contribution.
My questions are
1. We do not wish to sell the second property, is there a way to still buy our first matrimonial home without subjected to new ABSD rule?
2. If I have to invest alone in the new property, is there a way that we can still jointly use our CPF to buy the new property. Thank you!.
I can buy the new property under my name and I will not be subjected to the new ABSD. However, it will be a stretch for me because, I will not have enough to service the loan installments because a part of the installment is our joint CPF contribution.
My questions are
1. We do not wish to sell the second property, is there a way to still buy our first matrimonial home without subjected to new ABSD rule?
2. If I have to invest alone in the new property, is there a way that we can still jointly use our CPF to buy the new property. Thank you!.
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