Asked by Anonymous
My wife is a Singapore PR, I am an EP holder. Our combine income will be more than 10K, we are planning to buy a condo. I know since I am under EP according to new rules 15% ABSD applies, but I also heard, for a couple where one of them is a PR and for the first time buying of a house this will be levied by IRAS. Can you guys highlight the details please? If my understanding is wrong, what are the other options I have. We are looking for a house ready to move in at least before the end of 2014. We are looking for at least 2 bedroom flats, what would be the price range like and how much money I would need raise as down payment. Thank you in advance.