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Dear madam,

As your husband is only an essential occupier and not a co-owner, his income will not be recognised for the loan and given that the loan consideration for HDB is based on MSR of 30%, the loan amount eligible will be lower if compared to the amount eligible to loan if you were to purchase a private property. As a foreigner with Singapore Citizen spouse, if you were to consider purchasing a private property, you may apply for remission of ABSD that is applicable on your spouse as a foreigner, given that this will be both your 1st residential property as a matrimonial home. In this case, your husband can be listed as a co-owner and will be able to take up the home loan under his name too. If this is an option you can consider and wish to discuss further, we will be more than happy to assist further.

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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate 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
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi Avira,

As you're the sole owner of the HDB flat, the loan will only be based on your sole income.

If you would like to secure a much higher loan using your husband's income, then you might wish to consider purchasing a private property instead. Do take note that you need not pay ABSD if the property is your first matrimonial home.

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 Avira,

1) In your situation, actually buying a private residential property would be more suitable than the HDB flat.
2) A foreigner cannot be an owner of the HDB flat, but a foreigner can be an owner of a private residential property.
3) So his income can be included in the mortgage loan assessment if you are buying a private residential property.
4) Since you are buying as a matrimonial home, you won't be subject to any ABSD.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Ms Avira

Unfortunately, the bank could not consider your husband's salary for loan assessment purposes as your husband could not be the owner of the HDB. You may want to consider private property where your husband's salary will be taken into account (provided he is named as an owner) and the bank will generally approved a much bigger loan for private property as private property is not subject to 30 MSR rules set by MAS. In addition, there will be remission on additional buyer stamp duty for private property purchase, a concession given to couples with foreign spouse. My fees for purchasing a private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More

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