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Good evening,

Thank you for your query.
For a smooth transition and effort to avoid ABSD, it will be best to sell your unit and then purchase your next unit. Perhaps you could make some time out of your busy schedule for a detailed discussion pertaining to how about you should structure your timeline and at the same time , having the entire procedural framework explained , financial calculations and sales report churned out as as well customised report of transaction caveats shared with you , for better understanding.

Product positioning is critical in terms of your sale and picking the right home next , with greater scope for capital appreciation is as imperative. Let a professional guide you on this , as I have assisted my clients. Please do contact me should you need advise and assistance in this regards, at no obligation.

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Hi,

To be safe it should be after the buyer is secured and OTP exercised. Will also need more details in terms of financing and property details to make better recommendations. 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.

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Good day miss ka gna

Assuming you are singaporean without a property ( when the buyer of your EC exercise the option ) , you can buy a private property without paying ABSD .

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 property or 2% for open listing ( many agents marketing ) .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS .

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

Hi Ms,

Typically, you should only commit after your Buyer has exercised the OTP for your EC.

However, to be 100% sure, you will have to wait till the legal completion of the sale, before you commit to the purchase. This is because, in some unforeseen circumstances, there's still a chance that the deal will fall through even after the Buyer has exercised the OTP.

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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Ms Ka gna,

This is assume you already confirmed which property you wished to purchase and already make known to the seller of your interest.
Otherwise, you will have to secure a next temporary accommodation.

Your queries are:
(1) Safer timing: implying not the best, but earliest possible is after buyer exercised the OTP.
Otherwise, the "safest" timing would be upon legal completion.
But this shall lead to the next problem which not able to make it to shift into your next purchase.

(2) Without incurring ABSD: Upon buyer exercise OTP, you are able to make an offer to your next accommodation.
With the exercised OTP, you can show it to your lawyer informing that your current property will be disposed upon completion of current purchase.
He/she will then submit remission on your behalf to excuse from paying ABSD.

Hope the above answer to your main concerns, but if there are more queries, 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

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Hi Ms Ka, the safest advice I could give to you will be wait till your unit is sold and cheque collected first, and then you pay the deposit for the private property that you would like to purchase. But meanwhile of course you could start to view other property concurrently while viewing is on going for the current unit. Pls feel free to let me know if you would need any banker’s contact with regards to the next purchase or any other assistance.

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

In terms of without incurring ABSD, your buyer for your existing unit must have already exercised the Option To Purchase before you exercises the Option to Purchase on your newly purchase unit. Nevertheless, it is never considered safe at this stage primarily because there is still uncertainty that the transaction will be completed smoothly where you get your sales proceeds accordingly on time. In this instance, you may exercise your rights to sue for compensation, however, it will be a long drawn event, which will also affect your purchasing timeline.

We need to discuss more in details such that we are able to establish a more firm timeline for your considerations. I am unsure of what your plans are now but for your information, we have recently launched our BREW program (Building Real Estate Wealth) for our clients with a follow up, GREW program (Growing Real Estate Wealth), where we customise real estate solutions to specifically to our clients' needs, such that our clients can make informed and correct decision on their real estate plans without subjecting themselves to unnecessary financial risks.

Let me know if you wish to discuss further.

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Regards,

Geryl LIM
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Good evening Mdm,

Legally you wont be liable for ABSD as long as you exercise your OTP of the next property after your buyer exercise on the OTP of your existing property.

The safer or safest time when you can exercise will be on/ after legal completion as anything could happen during the completion period but due to my experience, the chances are slim.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
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Propnex Realty Pte Ltd

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Hi Ms,
You may call me @ 97100155  for a non obligatory discussion.
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