AskGuru Q&A Community

Hi Mr WW,

Good morning. How are you?

Pertaining to your question, I will try to help as much as I can.
1) Yes you can keep your HDB and rent it out after your MOP had been satified as a SC+PR.

2) On ABSD, you are subjected to only 7% should you buy with your name alone. However, this will mean that the loan will normally be harder to secure on one name. With 2 names on the second purchase, you will be subjected to the higher tier of 10%.

However, on hindside, if you sell your HDB already and buy the condo, it will be considered as 1st property and there will be 0% ABSD.

Hope it helps and should you require additional information, you may always email or give me a call.

Best,
Robin Chua
 98784688 
robin@propertyrar.com Read More

Afternoon,

Being SC, you are eligible to keep your HDB unit if you purchase your second property. If you were to purchase the private property under your name, the ABSD is 7%. It will be 10% if you were to purchase it with your spouse.

Hope all is clear for you.

Regards
Mike Lim
 96929209 
ERA Read More

Evening Mr WW,

You are eligible to purchase a private condo while holding on to your HDB as one of you is a SC.

As for your private property purchase, you will be subject to 10% ABSD if both names will be used if not, it will be 7% for the SC's name to be used.

If you choose to sell off your HDB before private property purchase or within 6 months after condo purchase, overall ABSD effect is nil as you will be able to enjoy ABSD relief for the latter scenario.

Hope it helps!

If you need any assistance in your property needs, I am just a call away.

Cheers!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Hi Sir,
Hope the agents above your queries. If you are still having queries, I am a phone call away.
I am contactable via 91442664  if I can assist you from here.
Look forward to hear from you.
Tricia Tan Read More