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Hi Irene,

Under the recent cooling measures introduced, the moment you sell away your existing HDB and buy another HDB unit in the open market with your son, you are required to sell away your private properties within 6 months upon completion of your HDB purchase.

As for selling away your private property bought 4 years ago, you are not required to pay any stamp duty. You can read more about the seller stamp duty at the following path:

http://www.iras.gov.sg/irasHome/page04.aspx?id=10212

Should you require any further assistance, feel free to contact me via email or mobile.

Thank you.

Regards,
Geryl LIM
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Hi Irene,

You can sell and buy resale HDB from the open market. However, you are required to sell away both private properties within 6 months after you buy.

You do not need to pay any seller stamp duty should you bought your private properties 4 years ago.

Hope I had answered all your questions.

Feel free to contact should you need any further assistance.

Thanks and Regards
Goh Mui Huat (Johnny)
Group Director
CEA Regn No. R018297H
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More