Hi,
You can do decoupling for the private property but not the HDB, as you need to get HDB approval to do transfer of ownership and HDB will not allow buying investment property as a valid transfer reason. So this couple cannot avoid the ABSD unless they also sell the HDB while decoupling for the private property.
Suppose they want to keep the HDB and don't mind to pay the ABSD, you have to choose which owner to purchase the next property after decoupling process done for the condo. Ideally the younger and higher earning power spouse should be the one buying so to qualify for more loan, but there are also personal factors at play on whether this is viable for the couple. This outgoing owner can still qualify for 75% max loan since the HDB is fully paid and have no other loan on his/her profile.
Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.
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