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Hi,

If this is a SC citizen household, ABSD remission is possible hence no ABSD is applicable, as its understood you are required by regulation to sell away all local and overseas private property within 6 months after getting the resale HDB.
To purchase first is possible if the finances are comfortable, I be happy to share more on the timeline and financial plan in detail. However, the downside is you be time-bound to sell within a stipulated duration, which may compromise the price in a subdued resale market.

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

Email: Ivanng10@gmail.com
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Good evening,

As it's a mandate that all those would purchase resale HDB unit sells their private property within 6 months from key collection, ABSD is not payable.

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

Good day sir / madam

As per your question , yes it is possible to buy a resale hdb without paying ABSD.

However you will have to rush to sell your condo latest within 6months from collecting key to your hdb .

Alternatively you can consider selling your condo with tenancy , for example to sell and rent back your condo from the new owner for perhaps approx 6months , approx 6months interim period for buying a resale hdb which takes at least 3months or usually longer for hdb legal paperwork , plus another 1month for renovation if preferred .

Kindly contact me joanne chia 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( sole agent ) to your condo , or 2% for open listing (many agent) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

You may avoid paying ABSD provided you sold your condo within 6 months upon key collection to your HDB.

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 Read More

Hi,

I am pleased to inform you that you need not pay ABSD for HDB purchase. This is because you will be required to sell off your private condo within 6 months upon completion of your HDB purchase.

Do take note that you will need to set aside the funds ready for the downpayment of the HDB flat.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear Sir/Mdm,

Under the current HDB rules and regulations, there is no need to pay ABSD for your case as you will be required to sell your condo within 6 months from the day of keys collection.

Do not worry about not able to dispose off your condo within the 6 months period as including the waiting time for the HDB appointments, there will be a period of about 9 months for you to sell off the condo. With a comprehensive marketing plan, there is no reason why you will not be able to get a buyer within the long period.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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)

“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.”
Susana (Buyer)

“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) Read More

Good evening Sir/ Mdm,

Not to worry. ABSD is not payable for your case as you will have to sell off your private property within 6 months from resale HDB purchase completion.

Hope my explanation helps!

But care to share why you are thinking of a resale HDB?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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