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Hi. We age 33 this year 2015, have a HDB flat which the MOP would be met in 14 months. In 6 years 2 months we (39 years old), would have finish paying the HDB. After which we wish to buy a PC. 2 bedder PC. To keep the HDB we have to pay the ABSD 7%. Isn't? So does that mean we can buy a condo while having a HDB?

Is it advsiable to take out one of the owner's name and put into the occupier's name to avoid the ABSD?
Thanks.
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2 Answers

Mike Lim
Replied
Morning,

Are either of your SC? If so, you are eligible to purchase private condo upon fulfilling your MOP without the need to sell away your HDB unit. ABSD payable for second private is 7%, be it purchased under single name or both (as in the case for SC owners).

Do contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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D. Kumar
Replied
Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner on your questions and queries.

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D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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