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Good morning Mr,

It's perfectly fine to purchase under 1 one owner and 1 essential occupier in your resale HDB purchase as long as both of you are SPR + SC or SC + SC.

The essential occupier can proceed to purchase a private property after MOP without being subject to ABSD based on existing regulation.

Lastly if SPR is the owner while SC is the essential occupier, you will subject to ABSD with this ownership arrangement as SC is not owner and not qualified under IRAS' term of matrimonial home. You can double confirm with HDB on this.

Have anyone work out your numbers for your purchase yet? Spoken to any banker or apply HLE?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Association of Chartered Certified Accountants Graduate
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Hi

You may text 9620 0827  for a casual chat. Whether your spouse will be considered a first timer will be determined whether you have applied for a housing grant in your resale.

Warmest regards

Gavin Read More

Good morning,

Yes its fine to purchase as 1 owner 1 essential occupier arrangement, either 1 SC + 1 SPR or as 1 SC + 1 SC.

As of current regulations, the essential occupier is not considered the owner of the property, and after 5 years MOP are fulfilled, he/she can purchase next residential property without ABSD.

To my understanding, SC can be sole owner of the HDB if they opt for 1 owner + 1 essential occupier arrangement, but not SPR. The ABSD rate based on SPR 1st residential is also higher by 5%.

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

Warm Regards,

Ivan Ng Realtor
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Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Sir,

The main applicant must be a SC. It is possible for your spouse to be an essential occupier so that he or she can purchase a private condo without the ABSD for a 2nd property after the 5 years MOP.

I have assisted my clients to structure their purchase in this manner as they wish to invest in a 2nd property after MOP. Feel free to contact me so that I can understand your objectives and provide you with further assistance.

Regards,
Nick Tan
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Dear sir,

Take note that main applicant has to be SC in order to own the HDB under such arrangement. Your wife can be the essential occupier, thus freeing her name to purchase a 2nd property after MOP for this flat is met. With current additional buyer's stamp duty rate, she will only be paying 5% ABSD for her purchase if that is going to be her 1st residential property in Singapore.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Hi,

Yes, it is possible. I know best because I went through this myself.

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

Hi,

Yes, it is possible. I know best because I went through this myself.

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