AskGuru Q&A Community

Hi,

If yoy have overseas property, you can purchase resale EC no issue, but cannot apply for new EC. What are your plans and objectives? If its to upgrade, sell hdb & upgrade to condo, your timelines must be planned properly so stamp duties will be minimized. By the way, may I know which project are you looking at? Its best I have more details so to make better recommendations on how best to approach this. Thanks and hope to value-add further to your plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon Willie,

You are eligible to purchase a resale EC even though you are owner of an overseas property. No problem at all.

If you intend to avoid paying ABSD when purchasing a private condo, you will have to sell off your current HDB before proceeding to do so.

If not, you can pay first and apply for remission at a later date provided your HDB is sold within 6 months from your new condo's TOP date.

This remission is granted for married couple with at least one SC who purchase their matrimonial home.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Evening Willie,

If you are looking at resale EC, there would be no restriction provided you have fulfilled the MOP on the current HDB unit. ABSD will be payable whether you opt to perform decoupling or purchase the second property under the SC counterpart.

Do contact me should you require my assistance.

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

Hi Willie

Having read your requirements, there may be an option to buy a new EC.

Have you met your MOP? If yes, than you may want to call my mobile for a chat or email gavin.ng@orangetee.com.

You will be surprised that your concerns may be resolved if you can wait for its construction.

Regards

Gavin Read More