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Hi, my husband and I both Singaporean owned a fully paid HDB and long passed MOP. Would like to invest in a 2 to 3 bedroom condo less than 700k. Am I allowed to buy a condo under my name solely to avoid ABSD but payment deducted from both our CPF?

Interested in Forest woods, is it good for investments?
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7 Answers

Hi there, yes actually its possible to reduce the absd to the min and at the same time having both of you as owners for your next property purchase, However, we would need to understand more about your ownership status and CPF commitment before we are able to advice on the suitable solution. Do drop us a call or e mail for a more detailed discussion before you proceed with your plan.
Thanks
Rix
 9687 1379 
rix.jim@hotmail.com
Propnex Read More
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If you want to be owner then can use cpf if not you can not use cpf without input your name into the house.

regards
wilson
 96305577 
wilsonleong61@gmail.com Read More
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If you are both the owners of HDB, then buying under your name or both names will not make a difference on the ABSD. If you need to use both CPF, then have to buy under both name.

Forest Woods cheapest units from 900K now, we can look at other projects if your budget is around 700K.

Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.

Warmest regards
Belinda Zhao
Associate Senior Marketing Director
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661 
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/ Read More
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Good afternoon,

Since both names are registered in the HDB unit, you will still be required to pay ABSD, whether it's purchased under either name only or under joint tenancy. As for the mortgage, if it's purchase under either name, the CPF deduction can only be done from the owner's CPF account.

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

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Dear Owner,
Forestwood is a gd project but left 2bedrms + study. Please kindly call or pm me at 91442664  for a detailed chat on how to move on from here.
Tricia Tan propnex
 91442664  Read More
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Robbie Chen Chee Howe
Hi Mdm,

You mentioned that you and your husband are Singaporeans, and co-owned your HDB.

Should either of you purchase a second residential property, you will be liable for ABSD of 7%. Be it buying under your name, your husband's name, or joint names, the ABSD is the same.

However, there is a possible way now for both of you to save on this 7% ABSD which I would love to share with you.

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
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Under CPF policy, only owners can use CPF to service the housing.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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