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Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, if your name is withdrawn from the HDB ownership, then your next purchase of the private property is considered the 1st property and therefore no ABSD.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Sir/Mdm,

Once you withdraw your name from the HDB, you will be considered as a first timer and will not be liable for any ABSD. However, you need to note that you will need to time the transfer of the name before you purchase the private property.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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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.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

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Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi

Yes once your name is withdrawn, your property count will be reset to 0 and you are eligible to purchase a private property without incurring any ABSD. My services for purchase of private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Nerwork Pte Ltd Read More

Hi,

Once your name is taken out of the property ownership and transfer completed, your property ownership count would be considered zero and you can purchase the next private property without any ABSD. There are no restrictions just that you need to complete the transfer first before you exercise the OTP for your private property.

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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

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You can remove your name from the HDB first, or even remove it after purchasing the private property (within 6 months, if you're alright to pay for ABSD first and get it back later).

Feel free to contact me to discuss further.

Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602  Read More

Hi Sir/Madam

Yes it will be your first property after you withdraw your ownership from your current HDB
I will be glad to assist, no agent fee from private property buyer

Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

My guess is your parent include you as co-owner is to inherit the HDB.
One thing unsure is whether did you pay for your share (33.3%)?

1) If you had utilize your CPF in this name inclusion exercise, you have to be aware that this CPF sum + accrued interest need to return to your CPF OA.
2) If there are no monetary involved in this name inclusion exercise. You just need to engage a lawyer to assist in extracting yuor name out of it.
3) It is advisable to remove your name from the HDB before moving to purchase your next property, because there is ABSD involved which might reduce your purchasing power. 12% ABSD is not a small sum to be ignore.
4) You may engage an agent to assist you in selecting the private property, as purchaser of private property does not need to pay for the agent service fee.
5) Make sure you understand the market properly, difference in new launch & resale before you make your move. Buying property is not just about the size and price, there are more things that need to take into consideration.
I had observed there are lots of assumption made by many buyers. Most of the assumption were sad to say are false. So please spend some time to understand what you are buying and ensure that you fully understand whether this purchase meets your objective be it short term and/or long term.

All the best!!

Hope the above answers your main concerns, but if there are more query, 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
https://www.facebook.com/Homesellerbuyer/

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Hi,

As long as you remove your name from the HDB flat before you commit to the private property purchase, you will not be liable for ABSD.

However, if you had utilised your CPF monies for the HDB flat, your parents will need to refund it back to your CPF, plus accrued interest. If you did not utilised any CPF funds, then you could approach HDB branch office to request for the removal of your ownership. Do take note that SSD may apply.

I am experienced and well-versed in both HDB and private transactions, and have helped many families in their upgrading and downgrading plans. I will be able to assist you in your family's property plans too.

Should you need require 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