Advice

Should We Keep Our 4-Room Queenstown BTO Or Give It Up For A Resale HDB/Condo?

Join our Telegram group for instant notifications
Join Now
Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Bernard
Bernard
1 month ago

Why are you still talking about 99-1 ? Having discussed with my agent , there are very few circumstances that authorities would find acceptable reasons for such an arrangement.

Stacked Homes
Admin
24 days ago
Reply to  Bernard

Hi Bernard, the issue with 99-1 is commonly confused with its usage to evade tax rather than avoid it later on. In the cases highlighted, IRAS is concerned with those purchasing with 100% ownership and then quickly selling 1% to another party who already owns a property. The tax attracted for the 2nd party is then just 1% rather than the full amount. It may seem like a small difference but it has a greatly different outcome. In the latter case, it’s clear that the arrangement is to avoid paying the ABSD due to the quick sale of the 1%. However, the 99-1 decoupling situation is different since this arrangement is bought from the start. The party may not even decouple or sell their house at all later on, so there’s no tax evasion here. This article helps to explain the nuances.

Aaron
Aaron
1 month ago

Isn’t the couple income ceiling for BTO is capped at $14K/couple? How is it possible that this couple earning $16K is able to get a BTO man….

Stacked Homes
Admin
24 days ago
Reply to  Aaron

They may have only recently gotten the pay increase – but this isn’t something we could confirm

Latest Posts

Scotts Square Condo 75
Commentary What Can We Learn From The Worst Performing Freehold Condos In Singapore In 2024?
January 18, 2025
Ang Mo Kio Court 46 top view blocks and facilities
Resale HDB 32 Recently MOP HDB Flats Entering The Market In 2025 (From $358k)
January 16, 2025
5 Cheapest Yet Sizeable 4 Room HDB Flats From $490k
Units Of The Week 5 Cheapest Yet Sizeable 4-Room HDB Flats From $490k
January 16, 2025
Untitled Artwork
Buying How To Spot Cheaper Home Alternatives If You’ve Missed Out On Your First Choice
January 15, 2025
1. Bagnall Haus 13
Buying The First New Launch Condo In 15 Years In Upper East Coast Priced From $1.2m: A Bagnall Haus Preview
January 15, 2025
Flood prone areas of Singapore 2
Buying Where Are Singapore’s Most Flood-Prone Hotspots And What You Need To Know About Living In These Areas
January 14, 2025
5 Room Flat for $1.6 Million Featured
Commentary A HDB DBSS Flat Just Sold For $1.6 Million: Why Is This Happening?
January 13, 2025
losey money property
Property Stories “Why I Bought My Property Even Though I Might Lose Money” Singaporean Homeowners Share Their Stories
January 13, 2025
ec downpayment
News Is The $16,000 Executive Condo Income Ceiling Still Relevant In 2025?
January 13, 2025
Inside A 1930s Walk Up Apartment In The Middle Of Nature
Living In Inside A 1930s Walk-Up Apartment In The Middle Of Nature
January 12, 2025
Woodlands Glen 140 block design
Property Picks Where Are The Cheapest Recently MOP-ed HDB Flats In 2025 (From $270,000)
January 11, 2025
5 Cheapest And Newest 4 Bedroom Condos That Were Recently Built (Prices from $2.15m)
Units Of The Week 5 Cheapest And Newest 4-Bedroom Condos That Were Recently Built (Prices from $2.15m)
January 9, 2025
River Valley Tour 33 zion parcel b
Commentary 6 Must-Know Property Shifts Reshaping Singapore’s Market In 2025
January 9, 2025
landed homes and condos
Commentary The Influence Of Landed Homes On New Launch Condos: What Buyers Should Know
January 8, 2025
Ground Floor profitability singapore property
Analysis Are Ground Floor Condo Units Less Profitable In Singapore?
January 7, 2025
the orie pricing review singapore
Analysis Should You Buy The Orie? A Pricing Review Comparing Gem Residences And New Launches Today
January 6, 2025