7 Answers

Aaron Chong
Hi Lee,,

If you have already purchased a HDB flat and is a local citizen, you could only proceed to purchase a private property upon the MOP of the HDB flat which is 5 years later.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg
Nick Tan
Hi Lee,

It depends on whether the HDB will be sold. If you are buying the condo and selling the HDB, then it is possible to time the sale and purchase to avoid the need to pay ABSD. However, if you are buying the condo as a 2nd property then ABSD is definitely applicable. Btw, I have a 2 bedroom unit for sale at The Bayshore as well.

Please feel free to contact me so that I can understand your objectives better before I can assist you further.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
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Ivan Ng
Hi,

Yes it will be subjected to ABSD as its your 2nd residential property. However if you wish to dispose your HDB so to fund the purchase of this condo, there are ways to plan and work around such that ABSD is not applicable. We will have to get an exercised OTP for your current HDB first.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Silvia Yang
Hi Sir/Madam

1. It will be depend if you are planning to sell your HDB. If you plan to keep your hdb and buying Condo then additional buyer stamp duty will apply.
2. Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker. I can connect you with reputable banker for this, free of charge and no obligation.
3. For Singaporean Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share you the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
Joanne Chia 谢诗琳
If you qualify to keep both hdb and condo , and intent to keep both hdb and condo , yes ABSD additional buyer stamp duty payable .

If you intent to sell your hdb and buy a condo , no ABSD if you are a singaporean .

Kindly contact me joanne chia at hp 8333 3327 for a no obligations chat for your property needs.

My charges are 1% for exclusive selling rights to your property, or 2% for open listing.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia .
Hp 8333 3327 .
Robbie Chen Chee Howe
Hi Lee,

ABSD is applicable if you commit to a condo purchase while still holding onto your HDB flat.

If you're a Singapore Citizen, you will be able to apply for ABSD refund if you sell your HDB flat within 6 months upon the condo purchase.

If you wish to avoid having to pay ABSD (for 2nd property) upfront, then you will need to sell off your HDB first, before you commit to a condo purchase. The Buyer of your HDB flat has to exercise the OTP before you exercise the OTP for your condo purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty
Ling CK
Hi Lee,

1) I guessed there is a typo error. You are referring to the HDB owner instead of the buyer.
2) The IRAS works according to the number of property counts in local at the point of paying stamp duty.
3) Thus if you still own an HDB flat at the point of paying stamp duty, you will be subject to Additional Buyer Stamp Duty (ABSD).

4) There is 2 scenario where ABSD can be remit or excuse from paying:
(a) You already got an exercised OTP. You will be excused from paying ABSD.
(b) You are purchasing it as a matrimonial home. You can apply for remission after selling your HDB flat.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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