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Hi,

If you have firm up plans to sell away the HDB, its better to sell away the HDB first before buying, (ie. no property ownership count when you purchase, hence considered 1st property) so that the ABSD rate is lower at 5% for SPR 1st purchase. Otherwise, buying first then selling HDB later will mean ABSD will be at 10% instead.

May I have more info and requirements about your plans 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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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

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He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi there,

Thanks for your query!
To address your concerns-
I would suggest you to sell away FIRST then purchase your private property - as that would make it your first property ownership. Since you are of SPR status, the ABSD would be lower at 5% compared to 10% if you bought first.

I have handled many upgrade cases from resale HDB to private condominiums in the past few months, and will be able to guide you likewise with financial sums and transitional timeline. Perhaps you could share more details on your end for me to churn out a more comprehensive, exact and thorough financial calculations with exact figures. Furthermore, I would be able to share more on the varied marketing strategies and mediums through which your property might get maximum exposure as well as study the recent up to date transaction caveats of similar sized units in vicinity and hence, present a sales and elevation report to advise further. I have transacted a EM unit in Bishan at Record Price and it was published in the Newspaper (Available on my website).

Furthermore, for your intended purchase (purchase of private property has NO agent fees involved) , I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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P Group
Overall Top 100 achievers 2014-2016 Read More

Hello!

Greetings!

Based on what you have shared, if you purchase the condo first before selling which we won't advise to do so, the ABSD payable is 10% of the purchase price. If we can conclude the sale first before committing the next purchase, then we are looking at ABSD rate of 5% of the purchase price.

I supposed the calculations and timeline planning are very important in your case, do let us know if you would need some assistance with this. We have helped many of our clients in their upgrading journeys, all of them have no issues with their move and are happy with the timeline and calculations they have.

Do drop me a call if you would like to have a chat or a meet up. No worries there are no obligations at all. We can show you what's comfortable for you in terms of your calculations and timeline.

Looking forward to hear from you soon! Cheers!

Best Regards,

Elaine Chia
Senior Associate Group Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

SAEA Real Estate Excellence Award Nominee - Best Client Service (2014)

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Hi

Sell first will release you from the count of 2nd property.

To ensure the transition from selling and buying with a minimum discomfort of not having a roof over your head, timing is critical of the sell and buy.

You may call 9620 0827  or write to gavin.ng@orangetee.com for an open discussion.

Regards

Gavin Read More

Good evening,

Under the current ruling, SPR HDB owners must sell away their HDB unit with 6 months of key collection to their private residential property. Therefore ABSD is not payable. However, it would be advisable to secure a buyer for your HDB first before proceeding with the purchase. This is to ensure that the cash flow on the sales and purchase will flow smoothly.

Do feel free to contact if you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for someone who have knowledge and experience on sales and purchase of residential properties?
With more than 10 years experience on standard sales and purchase cases, I do also handle cases that is related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Estate Planning and Distribution
4) Divorce
5) Bankruptcy

Put your doubts aside before moving forward in life’s most rewarding decision with ease of mind as you are in good hands Read More

Answer Posted on Dec 20, 2017

Good day Sir .

SPR have to sell their hdb if they wish to buy a private property , preferably just before buying a private to avoid the higher ABSD .

The lower Stamp duty is less than 8% of the private property price , this is the lowest rate of stamp duty for a permanent resident when buying a private property. .

To minimise inconvenience of having to shift twice or avoid the hassle of shifting to a interim property , you can negotiate with the buyer of your hdb for 3months extension stay for you after the hdb sales completion . This 3 months lead time is for you to stay in your present hdb while you buy your private property asap , inclusive of approx 1 month of renovation for your next home . Please note this is subject to the buyer of your hdb being agreeable to your terms . Also please note you will not be able to grant extension stay after sales completion for the seller of the private property

Kindly contact me Joanne chia Hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb or 2% for open listing ( many agents marketing ) .

No commission chargeable when i serve you to buy a private property .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Sir,

For you to enjoy lower ABSD rates (5%), you will need to sell off your HDB first before you commit to your purchase.

If your HDB is still under loan, do take note that you can only loan up to a maximum of 50% of your private condo purchase.

If you're concerned about moving house twice, you may wish to request for extension of stay from the Buyers of your HDB flat. This can be further discussed in depth during negotiation.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More