I am afraid to inform you that if you are considering to apply for a new EC, you need to dispose off your condo first and observe a waiting period of 30 months before you are eligible to apply. You will require to dispose off your HDB within 6 months from TOP date of new EC.
If you are referring to resale EC, you dont have to do so as it will be considered as a private property as well. You will be subject to ABSD as it will be considered as your residential property in Singapore.
Hope my sharing is beneficial to your property needs.
May I know what's your intention of purchasing a new EC?
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(W):www.yttan.com Read More
I suppose you have gotten the answer, but I am curious why do you have such a plan in selling off HDB and purchasing an EC while staying on in the current condo? Is it a form of investment strategy that you have thought of? Knowing the intentions behind such a proposal could probably allow me to understand better what your needs are and may propose alternative solutions to realise your investment aspiration perhaps.
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