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My wife is a Singapore Citizen. I am a foreigner. Neither of us currently owns a property. We are considering purchasing a residential property for investment purposes (we do not intend to live in the property ourselves). Will any ABSD be applicable to us?
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5 Answers

Afternoon,

Since your spouse is SC, your first jointly purchased residential unit will be considered as your matrimonial unit. Therefore ABSD is not applicable. However, as you do not have any intention to reside in it, it would be more ideal to look into private property instead of HDB unit.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi
Are you looking at buying at hdb or a pte condo/apt ? Feel free to reach me at 9144264 for a detailed discussion
Tricia Tan Read More
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Hi,

As a SC-foreigner combination, you will not be liable for ABSD as this will be considered as your first matrimonial property.

Let's get in touch at +65 96659926  for me to understand your requirements, expectations and investment objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which options you can consider.

There are many outstanding projects currently undergoing huge discounts and firesales as high as 18-30%! For example, there is a development in City Fringe (5mins away from Marina/ walk to MRT) - with 2BR dual key going at extremely attractive & low price with projected rental yield of 4.8%-5.3. This is an exceptional figure in comparison to other projects! For investment purposes, it's apt you leverage on the weak market to get the right property at the best possible price/minimized quantum to maximize rate of returns and rental yield. I have a collated inventory of projects with their rental caveats and capital upswing information ; being mostly active in investment for private properties.

Furthermore, do note that there is NO agent fees involved and I will walk you through this whole tedious process step by step consisting of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats/ price analysis of properties/ comprehensive sales report as well as handling all technical matters and legal coordination at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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YT Tan (陈永达)
Good evening buyer,

You won't be subject to ABSD as IRAS will treat this property purchase as your matrimonial home.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More
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GAN ENG JOO ONASSIS
Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
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