AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi, I am staying in a pte condo and have another one u/c for investment. If I want to upgrade existing condo, need to sell before buying to avoid ABSD. At which stage of the sales process am I discharged of the property so that I can start buying the new unit? Thanks.
0 •
657 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Mike Lim
Replied
Afternoon Lam,

Upon your buyer exercising the OTP, you are considered as having sold your condo. Thus you will be eligible to purchase your second property without paying the ABSD.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
OHMYHOME PTE LTD
Replied
Discover HomerAI by Ohmyhome, your go-to digital companion for all things property-related! From accurate home e-valuations to insightful neighborhood comparisons, DIY calculators, and a vast pool of potential buyers, we've got you covered. Plus, book top-rated agents with a proven track record, all at just 1% commission! Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions