Property Views

[ngl2010]

If we set up a trust for our child and give one property to him, can we avoid ABSD if we buy another property?


If we sell our child’s property a few years later, can he still get govt’s subsidy if he buys HDB with his fiancé?

[lee_yl]

ngl2010:

If we set up a trust for our child and give one property to him, can we avoid ABSD if we buy another property?


If we sell our child's property a few years later, can he still get govt's subsidy if he buys HDB with his fiancé?

We explored with our conveyance lawyer previously. The property loan must be fully paid up, including funds from CPF plus interest plus stamp duty. Then you will be free from the ABSD for the next property purchase.

I suppose the same HDB rules apply as the property is already under his name although it's under trust.

[ngl2010]

lee_yl:

ngl2010:

If we set up a trust for our child and give one property to him, can we avoid ABSD if we buy another property?


If we sell our child's property a few years later, can he still get govt's subsidy if he buys HDB with his fiancé?

We explored with our conveyance lawyer previously. The property loan must be fully paid up, including funds from CPF plus interest plus stamp duty. Then you will be free from the ABSD for the next property purchase.

I suppose the same HDB rules apply as the property is already under his name although it's under trust.

:thankyou: lee_yl

[limlim]

One question…


If a person(SC) is listed as an essential occupier of a HDB flat but is not the owner, can he/she buy a 1st property w/o paying ABSD?

[lee_yl]

I wonder if Clementi Canopy will be selling well… saw their booths at Novena Sq as well as United Sq. Marketing aggressively. Looks interesting and reasonably priced!

[lee_yl]

limlim:

One question..


If a person(SC) is listed as an essential occupier of a HDB flat but is not the owner, can he/she buy a 1st property w/o paying ABSD?

Occupier not owner plus buying 1st property so no need to pay ABSD.

[starlight1968sg]

lee_yl:

I wonder if Clementi Canopy will be selling well... saw their booths at Novena Sq as well as United Sq. Marketing aggressively. Looks interesting and reasonably priced!

Anybody been to its showflat?
Hillview Peak and J Gateway already TOP

[ngl2010]

lee_yl:

I wonder if Clementi Canopy will be selling well... saw their booths at Novena Sq as well as United Sq. Marketing aggressively. Looks interesting and reasonably priced!

I will be interested if it is within walking distance to MRT. Too bad it is quite a distance. Nan Hua Primary School is also > 1 km. Is it still below 2 km?

[MrsKiasu]

ngl2010:

lee_yl:

I wonder if Clementi Canopy will be selling well... saw their booths at Novena Sq as well as United Sq. Marketing aggressively. Looks interesting and reasonably priced!

I will be interested if it is within walking distance to MRT. Too bad it is quite a distance. Nan Hua Primary School is also > 1 km. Is it still below 2 km?

ngl2010, you are thinking of renting the investment unit out and later for your grandkids arh

[ngl2010]

MrsKiasu:

ngl2010:

[quote=\"lee_yl\"]I wonder if Clementi Canopy will be selling well... saw their booths at Novena Sq as well as United Sq. Marketing aggressively. Looks interesting and reasonably priced!

I will be interested if it is within walking distance to MRT. Too bad it is quite a distance. Nan Hua Primary School is also > 1 km. Is it still below 2 km?

ngl2010, you are thinking of renting the investment unit out and later for your grandkids arh [/quote]If grandkids can get into NHPS, then NUSH, then NUS, the condo is at a very strategic location!