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Hi Dexin,

Have you or your sister taken ownership of the HDB yet? If so, you would be considered to have 1 property count, and the next property purchase will incur ABSD.

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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Dear Dexin,

Since you mentioned that it was a few years ago, I am assuming that ownership of the property has already been transferred to your sister and you? Are you still owning this flat now or it has been sold?

ABSD is only applicable if you are an owner of a residential property now, whether as a whole or partial own. If you are a SPR, then it will be applicable as well in the event that you are purchasing your first residential property too.

Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Geryl Lim
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Hi Dexin,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, if you have taken over ownership of the HDB flat, then you will incur ABSD for your next condo purchase.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,
I would be glad to assist you.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @Propnex Read More

Hi Dexin,

1) Since you are appointed as the beneficiaries of your current flat, means that you are one of the legal owners of the current flat.
2) In other words, you owned one residential property now.
3) When you buy a private residential property now, it will be counted as the 2nd residential property.
4) So you will be subject to a 17% ABSD on this purchase.

Hope the above answer 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

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Dexin,

It really depends on what was stated in the Will. Also, if the HDB flat was held under Joint-Tenancy, your Dad, being the sole survivor, will be the sole owner of the flat.

If you are currently an owner of the HDB flat, then yes, you will be liable for ABSD should you purchase a private property.

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 Read More