Asked by Tan
I am single and bought my landed property many years ago. I am thinking of downgrading to a HDB EA in a mature town in the east. With the prevailing rules, should I buy first and then sell my landed within 6 months or the other way round? I just do not wish to pay the 7% ABSD although I read somewhere that says a single must pay this ABSD with no refund from IRAS once 2 properties are registered, unlike the case of those a married couple. If true, I am not sure whether this applies only from private to private and not private to HDB. I only owned 1 property so far. I have no loan and will not be taking any. I also have no problem with accommodation in the interim. Thanks.
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