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Hi,

Yes you have to sell away your overseas property within 6 months of getting resale hdb. After fulfilling the 5 years MOP, yes you can purchase private or overseas property.

ABSD only applies to residential property purchases in Singapore, hence you will not be liable.

May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Hi Sir,

You can proceed to buy a resale HDB first, and then sign an undertaking letter to dispose off your overseas properties within 6 months of completion of your purchased HDB flat.

Upon fulfilling the MOP for your HDB flat, you are free to purchase overseas properties for investment.

Take note that ABSD is only applicable for Singapore Residential properties. You can opt to purchase overseas properties or commerical properties in Singapore, without having to pay the extra stamp duty.

Having said that, nobody will know 5 years down the road, whether the ABSD will be removed. If it is removed, you can have the option to purchase a private residential property in Singapore too. It depends on the housing rules which the Government implement time and time again to maintain as much stability as possible in Singapore property market.

Should you have any other queries, please feel free to contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regard,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi
Good day. I would love to assist you in the entire purchase for your first home. U may reach me via 91442664  for a discussion.
Tricia Tan 91442664  Read More

Hi
Broadly, the policy dictates the disposal of any overseas properties if you intend to purchase a HDB resale unit.

After MOP if you intend to buy locally a private property, you will have to dispose of your HDB flat.

As I have served numerous SPR/SPR households, you may email to gavin.ng@orangetee.com for further clarification and understanding

Regards

Gavin Read More

Hi buyer,

Do note that you're already liable for ABSD on your first property, be it HDB or not; if you choose to get a private property after fulfilling the MOP, you have to notify HDB before you exercise the OTP, and sell your HDB flat within 6 months of the sale completion.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good evening buyer,

Yes you must dispose off any interest in overseas property within 6 months from the HDB purchase completion date and you have to fulfill 5 years MOP before you can invest in overseas property.

If you dont wish to miss out on and flexible to invest in any good investment property, perhaps you should consider purchasing a private property instead. So you wont be restricted by MOP and dont have to dispose off any current overseas property.

Why not let my banker advise you on your in principle approval for both HDB and condo purchase then we evaluate which option is better for you.

Hope to hear from you soon!

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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

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Hi,

HDB policy, you must fulfill MOP of 5 years before buying any property and apply to overseas property too.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Singapore Line : (+65) 92222389 
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Email: onassis@sgrealtor.com / sgagent.com
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