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Good morning,

Do take note that you need to form a family nucleus or be eligible under HDB eligibility scheme to purchase a HDB and must fulfill 5 years minimum occupation period before you are eligible to purchase a private property.

If condo is your second property, the ABSD will be 7% on top of the buyer's stamp duty (estimated 3% to 4%). Second property 7% vs SPR's first property 5% ABSD.

If condo is your first, no ABSD just normal buyer's stamp duty.

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
R043025D
Propnex Realty Pte Ltd

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Hi,

(1) Once you get a HDB flat, you have to wait for 5 years (MOP) before allowed to own a private property.
(2) Once you get a condo, you have to dispose it off when you get a HDB flat.

Thus you can only own a HDB flat and wait upon expiry of MOP before allowing to own 2nd property (must be private).

Since only scenario (1) can fulfill your attempt to own 2 property. The stamp duty involved shall be:
(a) BSD (Buyer stamp duty): 3%-$5,400 (pte value less than $1 Million), 4%-$15,400 (pte value more than $1 Million)
(b) ABSD (Additional Buyer stamp duty): 7%

But if it is not an attempt to own 2 property, the stamp duty shall be as follow:
(a) BSD (Buyer stamp duty): 3%-$5,400 (pte value less than $1 Million), 4%-$15,400 (pte value more than $1 Million)
No ABSD involved as a citizen for 1st property. You friend (PR) ABSD is 5% for 1st property.

Do note if you joint purchase with your friend, you shall share the BSD (as tabulated above) & ABSD (5%).

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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Dear Sir/Mdm,

If you were to get a HDB, you will be subjected to the 5 years Minimum Occupation Period (MOP) and you will not be able to join your friend to purchase a condo.

For a condo purchase, if you purchase it alone as a Singapore Citizen, you will not be subjected to an Additional Buyer Stamp Duty (ABSD). However, if you purchase the condo with your friend who is a SPR, you will need to pay an ABSD of 5%. Therefore, if you can afford it alone, it may be wiser to purchase it under your sole name.

Please feel free to contact me to share more about your objectives and considerations so that I can assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

Firstly, you will not be able to purchase both a HDB and a condo together, as you will need to fulfill the 5-year MOP before you can purchase a second residential property.

Secondly, apart from ABSD, if your HDB is purchased under loan, your second property (condo) is subjected to 50% LTV.

With TDSR in place, you will also need to check out your loan eligibility for a second property. Hence, I'm not sure if this is what you're looking for.

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