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Hi, My family is currently staying in a 2nd-hand HDB flat (purchased in 2011 as SPR). I applied BTO last year (as citizen) and it would be completed in 2020. I would like to know: 1. Under the above condition, when can I buy a condo? Is it in 2020 by collecting the key, or 5 years after moving into the new HDB? 2. Is it possible to purchase a condo as two Dependent PRs? And how is the additional tax rate compare with citizen? Freya Liu
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1 Answer

Ivan Ng
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Hi Freya,

If you have booked the BTO unit, you can only purchase condo in 2025, which is after 5 years stay in the BTO when the MOP period is met.

For SPRs purchase, there is ABSD of 5% on top of the usual 3% buyer stamp duties. Do note SPRs households purchasing condos have to dispose their HDB after getting the condo keys. For SC 1st property, there is no ABSD payable.

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 ERA ASAP
(ASk Anything Property)
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