Good afternoon C P,
I am afraid to inform you that you will have to dispose off your HDB within 6 months from new EC's TOP date. As you are a second timer, you might be subject to resale levy of $45k depending on which EC project you are purchasing. Some EC projects are not subject to resale levy. Resale levy is payable if you opt for BTO or new EC.
http://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/additional-information
If you still wish to continue to own two properties, perhaps private property will be the best option for you.
But do take note of these cooling measures when you opt to purchase second property:
1) you will be subject to 7% additional buyer's stamp duty as singaporean
2) if you had utilised CPF OA funds in HDB, you have to set aside basic retirement sum $80.5k in your CPF OA + SA first before you can use the excess CPF OA funds in this purchase.
By the way, care to share what's the usage of HDB now? Rental?
Do share more information with me so I will be in a better position to advise and assist you further.
If my suggestion can save you on ABSD and allows you to utilise all CPF OA funds, will you be keen to find out?
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
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