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Hi gurus, I am Msian SPR and co-owned a 3 room HDB unit with my sis (Msian SPR). We both have just obtained our Spore citizenship. I will sell my current HDB share to my sis and I will buy another HDB to stay with my children and maid. My questions:
(1) Can I buy new HDB since I am SC now?
(2) Does this new unit (either resale or new from HDB) consider as my 2nd residential property? if I have sold the current one.
(3) Am I subject to ABSD?
Thank you for your time.
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5 Answers

Robbie Chen Chee Howe
Hi,

Let me answer your questions.

1) Yes you can.

2) This will be considered your 1st property, since you are required to sell off your shares in your current HDB to your sister.

3) ABSD is not applicable in this case.

Please contact me at my mobile 9748 6305  should you need assistance.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Dear sir/madam,

I believe you have already gotten the answers, but just to highlight, your sister will need to fulfill the eligibility criteria to own a flat by herself and finances wise, need to be able to obtain the loan to buyer over your share on top of her existing share.

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YT Tan (陈永达)
Good evening,

Do take note that your sister must be at least 35 years old to be eligible under single singapore citizen scheme to take over your ownership of existing house.

As a SC, you are eligible to apply for BTO/ SBF. You should be considered as first timer unless you have enjoyed housing subsidy before. You will not be subject to ABSD as SC.

Hope my explanation helps!

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Hi,
If both of you are Singapore citizen, 35 and above, you can sell the current flat to each other.
1. Yes, you can apply for a new flat.
2. Your new purchase will be consider 1st timer.
3. No ABSD

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

No ABSD, entitled to grant and under 1st timer for your case. What your property target now :)

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

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

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