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ABSD for PR buying 1st residential property.
PR is married to a Singaporean woman who owns her own property in her own name.
Is he allowed to buy the property solely in his own name? If so does he need to pay ABSD?
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6 Answers

Hi,

I assume your wife owns a private property. Yes you as a PR can purchase private property on your sole name, and ABSD of 5% will be applicable as your first residential.

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 Realtor
ERA Senior Marketing Director
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Dear sir,

ABSD is applicable at 5% of the purchase price or valuation whichever is higher for purchasing the 1st residential property in Singapore. If purchased together with the wife who is a Singapore citizen and already own 1 residential property under her own name, the ABSD applicable will be 12% as it will be her 2nd residential property in Singapore, and the higher of the applicable ABSD applies in this situation.

The important consideration will definitely be the financing options available as a single buyer (loan eligibility on top of downpayment required).

If you are fine, we can work out the numbers together such that you will be able to know more about what are the options ahead you have.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Robbie Chen Chee Howe
Hi,

Yes, if SPR is above age 21, and purchases a first private property under his own name, 5% ABSD is applicable.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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
0
Hi Sir

Yes and I will be glad to assist, no agent fee from private property buyer.
ABSD will be 5% for PR 1st property in Singapore
Which area and how many bedrooms are you looking at?

Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang (Silvia Yogisaputra)

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
0
Hi Yes able to purchase and ABSD is payable. Do contact me at 97970200  to understand and discuss more

Mark, your RIGHT choice
Propnex Read More
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Tan Pei Cheng (Pei)
Hi,
ABSD will be 5% for PR 1st property in Singapore.
I would be glad to assist you.
Feel free to contact me @ 97100155 
Pei ERA Read More
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