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Hi, my family is currently staying in a HDB Flat. Dec 2019 will be the MOP. But they don't intend to sell the flat. They were asking me if they only can purchase another private condo after Dec 2019 or can purchase now? And lastly, holding a HDB flat and buying a private condo, must they pay any additional ABSD?
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5 Answers

Hi,

They need to fulfil the MOP first before they can buy another residential property, which means after Dec 2019. Yes ABSD will apply as its the 2nd property purchase.

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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SMU BBM (Finance), Magna Cum Laude

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Morning Dennis,

Under HDB ruling, HDB owners must be SC and having the MOP fulfilled are they eligible to purchase their second property. Given your current situation, they are not eligible for the purchase yet. In time to come, based on current ruling, ABSD of 7% will be payable should they decide to purchase their second property.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Robbie Chen Chee Howe
HI Dennis,

Yes, they need to wait till after Dec 2019 before they can purchase another property.

Whether will there be ABSD depends on the situation in the future after Dec 2019. ABSD may or may not be lifted by then.

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
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Hi Dennis,

Yes, they will need to wait until Dec 2019 to purchase the condo. ABSD will apply for their 2nd property.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.

Shawn Yim
R049796J
Propnex Realty Pte Ltd
 9695 4627 
sean_5832@yahoo.com Read More
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GAN ENG JOO ONASSIS
Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Upon MOP of HDB, you can buy another property with ABSD applicable.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Malaysia Line: (+60) 111-0788889
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I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
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