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Hi, i purchased my first condo when i was a PR. Understand that the ABSD can not be claimed back after i obtain citizenship. What if i purchase a second condo now with the singapore citizenship status? Do i still have to pay the ABSD? How may percent will it be?

Thanks
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9 Answers

you got to pay ABSD on 2nd property as Singaporean. 12% of the purchase price is payable.

Regards
wilson leong
 96305577 
wilsonleong61@gmail.com Read More
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Robbie Chen Chee Howe
Hi Chengyu,

Yes, should you purchase another residential property without selling off your current condo, you will be liable for 12% ABSD.

If you sell off your current condo and purchase another condo, you will not be liable for any ABSD.

I am experienced and well-versed in private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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
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Hi Mr Cai,

Thank you for your query. We are Annie and Joel from OrangeTee, and with us you have twice the support than engaging someone else.

ABSD is 12% for 2nd property for Singaporean. Congrats on getting your citizenship. Do contact us to discuss to see if there can be work around for your situation to minimise your ABSD liability

We look forward to hearing from you in order to better plan the timelines involved with transacting your unit. This can be a complicated process, but we aim to simplify this process and to best advise you on your housing journey.

As we are not able to contact you, we look forward to your call or Whatsapp, in order for us to better assist you.

Thank you very much and look forward to hearing from you!

Regards,
Annie Zhou
R060551H
 8753-1128 
Just copy and paste link to browser to chat ---> https://wa.me/6587531128
annie.zhou@orangetee.com

Joel Ng
R043851D
MSc (Real Estate), NUS
 9337-8447 
Just copy and paste link to browser to chat ---> https://wa.me/6593378447
joel.ng@orangetee.com Read More
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Hi Mr. Cai,

As at the point of purchase of your condo, you are the owner of 1 property, it will be considered the 2nd property and hence the ABSD is 12%.

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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture! Read More
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Hi Chengyu, your ABSD for 2nd pty as SG citizen would be 12% on top of BSD. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More
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Hi Chengyu, yes you would have to pay ABSD as the new property will be your 2nd unit. Pls feel free to let me know if you need any banker’s contact or any other assistance.

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

I will be glad to assist
No agent fee from private property buyer

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Joanne Chia 谢诗琳
Good day sir mr chengyu cai.

Do you want to consider selling your existing condo before buying another condo , thereby not paying ABSD .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Most buyers are viewing property for fun , not desperate to buy as they are hopeful that price will drop.

If you think price will go up , you can price your property higher , vise versa, if you think price will drop , you should set a realistic price or price it to sell quickly.

As i do not have your contact, 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 ( as many agents as you wish ) .

Joanne chia
Hp 8333 3327  Read More
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Dear Mr Cai,

Yes, for 2nd property you would have to pay 12% ABSD. However, there are ways to minimize the tax depending on your financial situation/profile.

Kindly contact me at 9726 1112  with more details so that I can assist you further

Thank you and best regards,

Jenny Tran
 9726 1112  Read More
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