7 Answers

D. Kumar
Hi,

It does not work this way.
It will be considered your 2nd property as long as your first property has not been sold.

Do contact me at 96659926 for us discuss further on your requirements comprehensively to understand the crux of your requirements & expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly as well as to explore the possible options accordingly at no obligation.

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

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

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers
Aaron Chong
Hi Frank, I'm afraid you can't think of it this way. Your current HDB must be sold off first before your next condo unit shall be recognised as the 1st property. Pls feel free to let me know if you need any assistance.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg
Rix Jim
Hi Mr Frank, I believe your concern is due mainly to the ABSD and also bank loan restrictions. There are actually ways to get around this issue subjecting to certain conditions. however I would need to know more details in order to provide you with the correct solution. Do drop me a call or e mail for a more detailed discussion before i can tailored a solution for you
Cheers
Rix Jim
9687 1379
rix.jim@hotmail.com
Propnex
Ivan Ng
Hi,

I believe your concerns will be due to the ABSD payable and also the loan restrictions. However, it does not work in the way you have mentioned as they look at the purchaser profile at point of booking 2nd property (ie if you havent sell your hdb, condo is considered 2nd property). There could be a workaround, however I may need more details. Thanks and can we discuss further before value-adding to your housing plans? How should I get in touch?

Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials)
Karrien N. Chan
Good morning Mr. Frank Goh,

Thank you for your query.

From what you have shared, you may like to consider buying new Executive Condominium (EC) instead. ECs are priced much cheaper by 15-20% as compared to condos but has the similar feel and facilities as condos with some even exceeding that of an entry level condo.

EC fulfils most of your requirements mentioned above such as selling your HDB within 6 Months after the new EC’s TOP date. There is also exemption on ABSD as it is recognised as your only remaining home once it’s ready for occupation, hence you will have tremendous savings of 7% off purchase price in initial cash layout. Banks also recognise this as your only eventual property and would be able to grant up to 80% Loan to Value subject to 30% Mortgage Service Ratio (MSR) of your income, similar to public housing ensuring prudent investment.

However, EC application requires minimum 2 names hence yours and your wife’s names would need to be included.

My agency, PropNex has been appointed as developers’ marketing agency for 12 ECs all over Singapore including 4 upcoming new ones. Price guide and more info on the ECs can be found in this Dropbox link: https://db.tt/pB9WrjVu

As we do not get prompted when you respond here, kindly contact me directly should you require more details or would like a free tour of any of the show galleries mentioned below.

Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 82250212
Email: karrien.realty@yahoo.com

POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J

Project Core Team:
Executive Condominium
D27 The Brownstone - New
D23 Sol Acres - New
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's
D15 Flamingo Valley
D14 Tre Residences
D14 Sims Urban Oasis

Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu
CK Ang
Hi Frank,
I understand the bank loan is an big issue. It will be good to study and draw out the financial plan. This allow you to have an overall picture before moving to next step. To assist and advise you in details, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
9046 3808
res.ckang@gmail.com
Vera Wang
Hi Frank,

Based on what you mentioned, that can't be done. But there are other solutions that can be used. I understand your concern is likely due to Additional Buyers' Stamp Duty and needing a place to stay while waiting for the condo to TOP. I have recently assisted a client who is facing the same situation as you purchased a private condo using the wife's name.

Do give me a call so that I can work out a solution for you. I will require more details to understand your situation better.

Vera Wang
H/P No.: 8777 7907