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Hi,

The way you have suggested should be the most optimal as it will help you to avoid ABSD and also get a much higher loan quantum for your landed property. Otherwise, the other methods would probably incur higher stamp duties and/or your CPF usage and loan quantum will be much lower (ie higher cash outlay).
By the way, is your wife's name in the condo as well? Thanks and hope to understand your requirements and value-add to your housing plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
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Morning,

ABSD are payable for SC property owners who owns more than one property in hand. In order to avoid paying for it, either you or your wife will need to be cleared from property ownership.

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

Good morning buyer,

Even though it seems like a hassle but it can save you a great deal of money by avoiding ABSD. My buyer just decoupled from their condo with his spouse in order to purchase a landed property. This saves him at least $210k in cash while legal fee for decoupling is probably a few thousands.

I am not sure about your intention on your existing properties. If you wish to hold on to both properties, do consider to decouple from both properties provided your wife is capable to take on the existing loan for the condo. If not, as you suggested you will have to sell off your condo.

By disposing off your condo, you will be able to obtain up to 80% loan and won't be subject to ABSD if you choose to decouple.

Hope my explanation helps!

Do share more with me so I will be in a better position to asset you.

Have a great weekend ahead!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
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Property Avenue Pte Ltd
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Hi,

Decoupling is honestly the most optimal and user friendly method if utilized well, as it saves on ABSD & increases the loan availability.

Let me run you through decoupling step by step , and handle the entire technicalities of the purchase at no cost. Hope to work with you on your real estate needs.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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Dear sir,

As of now, only you and your wife is in the picture. If I may ask, is there anyone of legal age to own a property within your family that is without a property under his/her name?

This could be another perspective you can look into.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
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