Property Views

[zac's mum]

U can’t buy under a retired/low-income parent’s name, unless u’re able to pay full cash for a tiny investment unit, ie no mortgage required.

[starlight1968sg]

Coolkidsrock2\" post_id=\"2107067\" time=\"1682850091\" user_id=\"48901:

Buy on others' names have risk of estate related disputes. Can argue that can mitigate with a will but in reality, cannot stop frivolous claim or dispute. That is my thought, hope do not need to find out.

I think it is unwise to use others' names to buy a ppty. What if he/she refuses to give the ppty up and take it as if it is his/her own? Afterall, the ppty is under his/her name and is easily 1 mil plus.

[starlight1968sg]

lee_yl\" post_id=\"2107059\" time=\"1682848876\" user_id=\"17023:

https://www.businesstimes.com.sg/property/three-quarters-blossoms-park-buona-vista-snapped-despite-cooling-measures?utm_source=telegram&utm_medium=social-organic

75% of Blossoms Park condo snapped up during launch day, despite new cooling measures introduced just 2 days ago.

ABSD is not working well because most Singaporeans no longer buying 2nd properties lah!!!
Instead, husbands and wives are decoupling to buy one ppty each. OR, buy under Ah gong’s or ah ma’s names, if their names have not been used for any property.

20% ABSD for 2nd ppty leh!
And I got a glimpse on the prices; some 3 or 4 bedders are priced at above 3 mil. :yikes:

[MrsKiasu]

I think furthest is under own child’s name, if with cash? Eg siblings better don’t ba…coz got own spouse, children etc, wait things get complicated…unless the person with plan to hold short term?

[lee_yl]

starlight1968sg\" post_id=\"2107087\" time=\"1682853614\" user_id=\"14025:

20% ABSD for 2nd ppty leh!
And I got a glimpse on the prices; some 3 or 4 bedders are priced at above 3 mil. :yikes:

Even before the govt increased ABSD to 20%, Singaporeans already stopped buying 2nd ppty.

They use decoupling method, one for own stay and the other to rent out.

[lee_yl]

zac's mum\" post_id=\"2107081\" time=\"1682851776\" user_id=\"53606:[quote=\"zac's mum\" post_id=2107081 time=1682851776 user_id=53606]
U can’t buy under a retired/low-income parent’s name, unless u’re able to pay full cash for a tiny investment unit, ie no mortgage required.[/quote]

If 3 children each contribute $300K, can buy a $900K condo under Ah gong’s or Ah ma’s name.

[zac's mum]

lee_yl\" post_id=\"2107091\" time=\"1682854879\" user_id=\"17023:

If 3 children each contribute $300K, can buy a $900K condo under Ah gong’s or Ah ma’s name.

I see. Then better to have a written agreement that they will split the share according to their respective contributions. But when & how much to sell at is always a potentially contentious issue.

[starlight1968sg]

lee_yl\" post_id=\"2107091\" time=\"1682854879\" user_id=\"17023:

If 3 children each contribute $300K, can buy a $900K condo under Ah gong’s or Ah ma’s name.

Presently, where does Ah Gong or Ah Ma live? Living in their own place or with kids?
900k can buy a 1br?

[lee_yl]

starlight1968sg\" post_id=\"2107093\" time=\"1682855970\" user_id=\"14025:

Presently, where does Ah Gong or Ah Ma live? Living in their own place or with kids?
900k can buy a 1br?

Maybe living with one of the children? $900k should be able to get 1bed.

I have even heard of close friends or colleagues pooling their cash together to invest.

[MrsKiasu]

How to decouple? Say husband and wife share name in their current property.


The husband transfer name out fm current property and go buy another under his name?

The current property will then under 1 person’s name…after the husband trf name out, the current mortgage need to be revised by the bank to see the income eligibility of the wife or not?