Property Views
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I dont really understand the latest rule introduced.
Is it for those who buy a ppty for his child who is below age 21?
Unless this child already has a ppty which is highly unlikely, the child pays no ABSD since it is his 1st ppty though paid by his parent. -
starlight1968sg\" post_id=\"2066966\" time=\"1652143337\" user_id=\"14025:
The ABSD is not applied to the child. I think the ABSD will apply to the adult (parent) who is holding the property “in trust” for the child below age 21.
I dont really understand the latest rule introduced.
Is it for those who buy a ppty for his child who is below age 21?
Unless this child already has a ppty which is highly unlikely, the child pays no ABSD since it is his 1st ppty though paid by his parent.
Previously many rich ppl used this method to siam the ABSD, now cannot siam liao. -
zac's mum\" post_id=\"2066967\" time=\"1652143583\" user_id=\"53606:[quote=\"zac's mum\" post_id=2066967 time=1652143583 user_id=53606]
If the child already owns one property, ABSD need to be paid. But can nett off the 35% ABSD (Trust).
The ABSD is not applied to the child. I think the ABSD will apply to the adult (parent) who is holding the property “in trust” for the child below age 21.
Previously many rich ppl used this method to siam the ABSD, now cannot siam liao.[/quote]
https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/remission-of-absd-%28trust%29 -
MrsKiasu\" post_id=\"2066963\" time=\"1652141230\" user_id=\"43981:
If interest rates are going up, you may wish to refinance your loan into fixed rate or hybrid rates loan.
Interest rate is going up..now have SORA and my current one is using SIBOR..don't know which one more volatile.
I m wondering if I should just stay put till the expiry date of SIBOR then change. Is it worth to stay with sibor?
Check with your banker. -
On the ABSD, if a person buy 2nd prop, will need pay for ABSD based on fact of going to own 2nd prop.
Then the same person sell of 2nd prop and purchase another prop (3rd purchase but 2nd owned prop now), need pay for ABSD 2nd prop not 3rd prop, is my understanding correct ?
If you buy under children’s name, no ABSD coz no prop under name yet. The child can enjoy first prop purchase on own in the future so long as dispose the ‘given’ prop ? And it wont affect the child’s chance of bto next time assuming satisfied disposal period criteria? -
Parent\" post_id=\"2066972\" time=\"1652145320\" user_id=\"2348:
I was given option of SORA 2 yrs @0,85% spread locked in and 1 yr fixed rate thereafter use MBR.
If interest rates are going up, you may wish to refinance your loan into fixed rate or hybrid rates loan.
Check with your banker.
I think SORA may be way to go but not sure if the spread is considered reasonable?
Any of you using SORA and what's the spread..if can share.. -
MrsKiasu\" post_id=\"2066975\" time=\"1652145614\" user_id=\"43981:
Some loans offered by UOB.
I was given option of SORA 2 yrs @0,85% spread locked in and 1 yr fixed rate thereafter use MBR.
I think SORA may be way to go but not sure if the spread is considered reasonable?
Any of you using SORA and what's the spread..if can share..
*Fixed rates for completed project*
3 yrs Fixed, 3yrs lock in / 2.5%
Min Loan: 300k (PTE/HDB)
Year 1-3 : 2.5% (Fixed)
Thereafter: 3M SORA + 1.5%
Free conversion after 24 months
2 yrs Fixed, 2yrs lock in / 2.25%
Min Loan: 300k (PTE)
: 100k (HDB)
Year 1-2. : 2.25% (Fixed)
Thereafter: 3M SORA + 1.5%
*Floating rates *
2 yrs lock in, 3M SORA
Min loan: 300k (PTE/HDB)
Year 1-2: 3M SORA + 0.8%
Thereafter: 3M SORA + 1%
2 yrs lock in, 3M SORA
Min loan: 500k (PTE/HDB)
Year 1-2: 3M SORA + 0.75%
Thereafter: 3M SORA + 1%
2 yrs lock in, 3M SORA
Min loan: 800k (PTE/HDB)
Year 1-2: 3M SORA + 0.8%
Year 3: 3M SORA + 0.8%
Thereafter: 3M SORA + 1%
*Fixed Rates HDB Exclusive Refinance ONLY*
2 yrs Fixed, 2 yrs lock in / 1.75%
Min Loan: 200k (HDB Refinance ONLY)
Min Loan: 200k
Year 1-2: 1.75% (Fixed)
Year 3: 3M SORA + 1.45%
Thereafter: 3M SORA + 1.5%
*Fixed Rates HDB Exclusive Purchase ONLY*
2 yrs Fixed, 2 yrs lock in / 1.95%
Min Loan: 400k (HDB ONLY)
Year 1-2: 1.95% (Fixed)
Year 3 and thereafter: 3M SORA + 1.5%
*BUC Rates*
Throughout: 3M SORA + 0.8%
Min loan 500k
Year 1-3: 3M SORA + 0.75%
Thereafter: 3M SORA + 1%
Min loan 500k
Throughout: 3m SORA + 0.88%
Min loan 300k
Current SORA rates at 0.31% -
Parent\" post_id=\"2066976\" time=\"1652146121\" user_id=\"2348:
Thanks ... I went to bank website and tried to check yesterday but couldn't seem to see fig..will go check again.
Some loans offered by UOB.
*Fixed rates for completed project*
3 yrs Fixed, 3yrs lock in / 2.5%
Min Loan: 300k (PTE/HDB)
Year 1-3 : 2.5% (Fixed)
Thereafter: 3M SORA + 1.5%
Free conversion after 24 months
2 yrs Fixed, 2yrs lock in / 2.25%
Min Loan: 300k (PTE)
: 100k (HDB)
Year 1-2. : 2.25% (Fixed)
Thereafter: 3M SORA + 1.5%
*Floating rates *
2 yrs lock in, 3M SORA
Min loan: 300k (PTE/HDB)
Year 1-2: 3M SORA + 0.8%
Thereafter: 3M SORA + 1%
2 yrs lock in, 3M SORA
Min loan: 500k (PTE/HDB)
Year 1-2: 3M SORA + 0.75%
Thereafter: 3M SORA + 1%
2 yrs lock in, 3M SORA
Min loan: 800k (PTE/HDB)
Year 1-2: 3M SORA + 0.8%
Year 3: 3M SORA + 0.8%
Thereafter: 3M SORA + 1%
*Fixed Rates HDB Exclusive Refinance ONLY*
2 yrs Fixed, 2 yrs lock in / 1.75%
Min Loan: 200k (HDB Refinance ONLY)
Min Loan: 200k
Year 1-2: 1.75% (Fixed)
Year 3: 3M SORA + 1.45%
Thereafter: 3M SORA + 1.5%
*Fixed Rates HDB Exclusive Purchase ONLY*
2 yrs Fixed, 2 yrs lock in / 1.95%
Min Loan: 400k (HDB ONLY)
Year 1-2: 1.95% (Fixed)
Year 3 and thereafter: 3M SORA + 1.5%
*BUC Rates*
Throughout: 3M SORA + 0.8%
Min loan 500k
Year 1-3: 3M SORA + 0.75%
Thereafter: 3M SORA + 1%
Min loan 500k
Throughout: 3m SORA + 0.88%
Min loan 300k
Current SORA rates at 0.31% -
MrsKiasu\" post_id=\"2066973\" time=\"1652145323\" user_id=\"43981:
If buy third property and then sell their second property, still must pay ABSD.
On the ABSD, if a person buy 2nd prop, will need pay for ABSD based on fact of going to own 2nd prop.
Then the same person sell of 2nd prop and purchase another prop (3rd purchase but 2nd owned prop now), need pay for ABSD 2nd prop not 3rd prop, is my understanding correct ?
If you buy under children's name, no ABSD coz no prop under name yet. The child can enjoy first prop purchase on own in the future so long as dispose the 'given' prop ? And it wont affect the child's chance of bto next time assuming satisfied disposal period criteria?
By the way, ABSD remission is for married couple.
As for the child, no ABSD as stated in your case. But child must sell off private property and wait 30 months before can buy BTO. Take note of this to ensure child won't be \"penalised\" if decides to get married and apply for BTO. -
Parent\" post_id=\"2066988\" time=\"1652153151\" user_id=\"2348:
Never thought of getting one for kid..just curious if there is anything to consider..thanks.
If buy third property and then sell their second property, still must pay ABSD.
By the way, ABSD remission is for married couple.
As for the child, no ABSD as stated in your case. But child must sell off private property and wait 30 months before can buy BTO. Take note of this to ensure child won't be \"penalised\" if decides to get married and apply for BTO.
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