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Morning,

Since you are getting resale HDB unit with your SC spouse, ABSD is not payable.

Do contact me for further discussion.

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

Good day Mr Chung

ABSD is not payable as per conditions stated by you .

There are other points to consider when buying the resale HDB , to avoid paying ABSD in future if your family wish to buy additional property, after clearing the HDB 5 years minimum occupation period .

Kindly contact me for a no obligations chat for your property needs, my charges are 1% commission for exclusive selling rights to your property .

Joanne chia
Hp 8333 3327  Read More

Hi Mr Chung,

Thanks for your post in Propertyguru.

The great news is that if a household consisting of a SC and a SPR purchases a HDB, ABSD is not payable. So you do not need to pay ABSD for that HDB purchase. The thing to note here will there be Seller Stamp Duty for the property under your wife.

The fact that both of you wants to sell away both condos in order to purchase a HDB, are there any reasons behind that you can share? I am just thinking along the line that you may still want to invest in properties later and what will be the best way to go about doing it.

If you are fine with it, maybe we can meet up for a discussion. No worries as there are no obligations at all and we can just take it as a chat. I can take the opportunity to clear any doubts that you may have and also I can try to analyse the property market situations with you.

Over time, I have served quite a number of clients and I'm glad to say that many of them are now my friends. Some of them have also left testimonials for me. If you are available, maybe you can take a look at some of my testimonials on my website, www.jeffreyheng.com. I was also honoured to received the SAEA Best Client Service Silver Award last year during the National Real Estate Congress. I believe I will be able to provide some advice for you and hopefully provide the same level of service to you as well.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Good evening SW,

Great hearing from you!

FYI when you purchase a resale HDB, it's a requirement for the buyers to dispose off any interest in private property be it in Singapore or overseas.

And as a married couple with at least one Singapore citizen with no property on hand, ABSD relief will be granted to you. IRAS will treat this resale HDB purchase as your matrimonial home thus both of you won't be subject to any ABSD.

Hope my explanation help!

If you need any assistance or advice in your property needs (sale/ purchase), feel free to contact me. Cheers!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More