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Hi,

For all purchases, Buyer Stamp Duties of 3% (approx) still apply, regardless of ownership profile. What you are referring to will be the ABSD portion.

If the condo is your 1st matrimonial property where both names are added to the ownership, ABSD remission can be applied, and no ABSD is payable subject to approval.

If its 100% under your spouse name as a foreigner, ABSD of 15% will apply. Hence it might be best to have joint ownership in it, or purchase under your sole name. Thanks and hope to assist with your housing plans further.

Warm Regards,
Ivan Ng
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Hi, if this is going to be your first home together with your wife, then no additional stamp duty will be involved for you as a buyer. But if this is your 2nd property and you intend to place your wife as co-owner, then the additional stamp duty payable will be at 18%.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Thanks for your query!
Regardless of nationality, the 3% BSD will be payable by all. As for ABSD, the SC+ foreigner combo will be treated as first matrimonial property and hence, NO ABSD will be liable. A 100% ownership under your wife name will have implication of ABSD then. May I understand your rationale behind this suggestion? Is it because you already own a property or seek to own anther property? Whatever the case, you may wish to share your scenario so that I can devise tax remission strategies and advise further.

Perhaps you can share more on your investment objectives but most importantly the requirements ; any particular type/ location/ budget to conduct a comprehensive search of projects.

To add, there is no agent fees involved ; so my consultation and service will come at no cost and you are walked step by step throughout the process. Do visit my website for my high level of awards and testimonials! Look forward to your reply!

D Kumar
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Hi,

Pls contact me at 92222389  , we can meet up at the condo you preferred. Will provide a copy of the ABSD structure n explain to u.

You can rest your minds with our services.

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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