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Hi, appreciate your sharing over PropertyGuru, thank you for sharing, able to share with you the process how to do about it.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

Hi

This is a common issue faced by HDB upgraders, they will usually sell their hdb first so to avoid paying the 20% ABSD upfront, and also to free up the funds for the purchase downpayment. At the same time rent in the interim while waiting for condo to be ready.

The 5% booking fee, 20% downpayment plus buyer stamp duty need to be settled within 9 weeks of booking the unit. Hence it will be advisable to sell first if you want to avoid the ABSD upfront and unlock proceeds for the downpayment.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng
ERA Senior Marketing Director
ERA Multiple Diamond Achiever

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Proactive. Sincerity. Feedback.

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**Note: System does not prompt us when you respond here, hence please get in touch directly thanks!**

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture! Read More

Hi,
If you do not sell your HDB first, you will be charged ABSD of 20% upon your private condo purchase, be it a new launch or resale condo. As such, you need to plan your next carefully.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

hi,

Once your current HDB reaches its MOP, you are allowed to purchase a private property. If you choose not to sell your HDB before buying the condo, a 20% Additional Buyer’s Stamp Duty (ABSD) will be payable as it will be considered your second property.

However, there is an ABSD remission scheme. If the HDB is your matrimonial home and the new private property is purchased under both husband and wife’s names, you may apply for a refund of the ABSD paid. To qualify, the HDB must be sold within 6 months from the date of key collection of the new condo.

What some of my clients do to avoid putting too much strain on their finances is to sell their HDB after it reaches MOP, then purchase a new launch condo without incurring ABSD. In the meantime, they rent a place while waiting for the condo to be completed and keys to be collected.

However, if you prefer not to rent during the waiting period, purchasing a resale condo may be a better option since you can move in much sooner.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

For new launch developments, you will need to exercise the Sales And Purchase Agreement in 3 weeks, and that means that ABSD is applicable if you still own the HDB since you plan to continue living in it. Unless HDB is sold before you exercise the Sales and Purchase Agreement, the ABSD is applicable. There are schemes available for ABSD remission but that will still require you to pay for the ABSD up front.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi Sir/Madam

1. If you are Singaporean and once your current HDB reaches its MOP (Minimum Occupational Period) then you can buy private property.

2. Is your HDB flat held by two owners, or by one owner with one occupier? If it’s under one owner and one occupier, then once the MOP is fulfilled, the occupier can purchase a private property as his/her first property. However, if an HDB owner chooses to purchase a private property without selling their HDB, the Additional Buyer’s Stamp Duty (ABSD) for a second property (20% for Singaporean) will apply on top of the Buyer’s Stamp Duty (BSD).

3. Do you intend to take loan for your private property purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
If you still have outstanding loan for your HDB, it will affect the loan quantum as well

4. You’ll need to pay the 5% booking fee, the remaining 20% down payment, and Buyer’s Stamp Duty (include Additional Buyer Stamp Duty if any) within 8 weeks of securing the new launch Private condo.

5. A married couple may be eligible for ABSD remission on the purchase of a residential property if the remission conditions under the Stamp Duties (Spouses) (Remission of ABSD) Rules are met. One of the criteria for this is the first residential property (co-owned or separately owned) is sold within 6 months after
- the date of purchase of the second property for completed property or
- the issue date of the Temporary Occupation Permit (TOP) / Certificate of Statutory Completion (CSC), whichever is earlier, if the property was uncompleted at the time of purchase

6. I recommend planning ahead, especially on the financials, to assess whether buying first and selling later is feasible. I’d be happy to meet and walk you through a detailed financial breakdown so we can review your options and better understand your situation and requirements. No obligation.

7. How many bedrooms are you looking at and which area you prefer?
To check out other project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 9660.8508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More

Hi,

1) You are eligible to apply for ABSD remission if this private condo is your Matrimonial home upon sold of your BTO.
2) I assume you are aware that you are subject to a 20% ABSD on top of the BSD (Buyer Stamp Duty) when keeping your BTO at the point of purchase.
3) The above ABSD rate is assume you are a Singapore citizen, and this is your 2nd residential property in Singapore.
4) The next to consider is the home loan. If this is your 2nd home loan, you can only get a maximum of 45% Loan-To-Value (LTV) of a residential property less than 30 years old.
5) If you getting the 1st home loan, assume you have fully paid off or sold of your BTO, you will be able to get a maximum of 75% LTV.
6) You are expecting to pay 5% at the point of receiving the OTP, and pay 15% within 8 weeks from OTP.
7) The other expenses such as mortgage stamp duty ($500 max), legal fees ~$2,500, BSD 3~6% (depends on the value of purchase), &, ABSD are expected to pay within the 5th~7th week from OTP.
8) You are not required to pay agent fees & GST buying a new launch condo,

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please 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
 90110636 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/ Read More