AskGuru Q&A Community

Hi David,

Yes 1% is feasible, but may I understand your plans in doing so?

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials) Read More

Morning Dennis,

Yes, you can opt to own only 1% of the unit, with your spouse having 99% of the share. However, based on whatever plans you might have, it might be ideal for your spouse to undertake the mortgage loan if you are looking at decoupling in near future.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

HI David,

Yes you can do that.

However, ABSD calculation will still be based on the higher percentage. Assuming both you and your wife are Singaporean, if you were to purchase the next property jointly, ABSD incurred will be 10%. If only your wife were to purchase, her ABSD will be 7%.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good day Mr David .

I am assuming both you and your wife both ARE SINGAPOREANS.
Permanent residents or foreigners would have to pay even higher ABSD .

Based on your plans ,

You would have to pay 3% plus 10% ABSD additional buyer stamp duty for your 3rd property even if your share is only 1% ownership .

Your wife would also have 3% plus 7% ABSD because it is her 2nd property .

To avoid paying ABSD , Alternatively you can consider selling both your present property , thereafter EACH OF YOU buy a property INDIVIDUALLY ( NO ABSD for singaporean 1st property ) .

Kindly contact me for a no-obligations chat for your property needs .

My charges are only 1% commission for exclusive selling rights to your property , or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi David
Yes you are able to arrange that however regardless of the %, you will still be liable for 3% BSD & 7/10%ABSD. Do contact me to discuss more on how i can provide you some alternative solutions.

Mark, your RIGHT choice
SRH
+ 65 97970200 
ngsiewwhye@gmail.com Read More