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Hi Ravi,

You can sell the hdb away within 6 months after key collection to condo unit, ie in 2018. However, doing so means you will incur ABSD of 10% since you are purchasing the condo when holding on to the HDB. Please note, as a PR household, you need to sell away your HDB once you move into your condo, cannot keep both.

I may have some recommendations for you. Thanks and hope to understand your requirements further and value-add to your plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Morning Ravi,

Firstly, you will need to have fulfilled the MoP requirement before you are eligible to buy the condo. Upon key collection of your condo, you will have to sell away your HDB unit within 6 months timeframe. But if you require the findings from the HDB unit to facilitate the purchase, we might need to time the sale well or you can try to get a bridging loan.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mr Ravi,

Please do take note that you would have to dispose off your HDB once you have obtained keys for your condo. What I can suggest is for you to provide more information and figures so that I can work out the financial sums for condo progressive payment and amalgamation of sales proceeds from the flat to illustrate the computations. This will put me in a better position to advise. There are various projects in 2018 which we could focus on. Do contact me and I will walk you through the entire step - shortlisting, negotiation, financial sums, paperwork and more. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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Good afternoon Ravi,

Do take note that you will have to dispose off your current HDB within 6 months from TOP of new condo.

Bear in mind that if you decide to purchase first then sell off your current HDB, you will be subject to 10% additional buyer's stamp duty. This will not be refunded back to you after you sell off your HDB.

Thus I will advise you to sell off current HDB and rent while waiting for new condo to be completed.

Reason being:

1) avoid excessive ABSD
- buy first then sell: 10%
- sell first then buy: 5%

you will save up to $35k for a $700k property.

Hope my explanation helps!

Probably you can share more with me so I will be in a better position to advise you further.

Hope to hear from you soon! Cheers.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi Ravi,

Re: Our Preferred Experienced SG Realtor

Yes, you can ask up to 1 year grace period to sell your HDB upon you received your condo.

If you buy condo, you will be subjected to 10% ABSD. Option to remission, upon you sell your HDB. You can claim back the 5% ABSD stamp duties.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@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.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
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Hi Ravi,
You have 6 months to sell you hdb after collected key for the condo.
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

Good morning Ravi,

As mentioned previously in order to avoid excessive ABSD and to use your HDB sales proceeds to fund the purchase, you have to sell off your HDB before committing into the purchase. You are unable to keep your HDB up to last 6 months before keys collection.

Hope my explanation helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More