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Hi Ms Ng,

The issue here will be that you will be required to sell off your private property within 6 months from taking possession of your resale HDB. Otherwise, you may consider selling or transferring your share in the private property to your family members. Thereafter, you will not be subjected to ABSD.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
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Morning Ms. Ng,

To start with, you are required to remove your ownership on the private property within 6 month from key collection of the HDB unit. And if you opt to have the ownership transfer done prior getting your HDB unit, you will not be liable for ABSD since this will be your matrimonial unit.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Ms Ng,

You have to dispose off your interest in your private property within 6 months from resale flat completion date. BSD and 7% ABSD must be paid in cash first then reimburse back if there is any excess after CPF downpayment portion. ABSD will reimbursed back after disposal of private property.

Or to make things easier, you can choose to dispose off interest in private property before resale HDB flat purchase.
No ABSD will be incurred.

Hope it helps!

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
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