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Morning,

Assuming that you are SC, you will be liable for 7% ABSD and that you are able to obtain 80% loan, you will need $124k. This is also assuming that you are able to utilize your CPF for the 15%, after setting aside the CPF minimum sum requirement.
If you are PR, you will need $151k in cash, with the same terms applied. To get the ABSD refund, you will be required to sell away your HDB unit within 6 months from key collection.

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

Hi Mr J TJ

Yes, the ABSD will be refunded back to you the moment you sell off your HDB within 6 months upon key collection of the private unit.

I assume you are a local and that the purchase of 2nd property will be 7+3% = 10%, of which the 7% will be refunded upon selling of the HDB.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi there,

If you are a SC, you will be subject to:

5% cash downpayment: $45,000
BSD: $21,600
ABSD: $63,000 ($90,000 if you are a PR)

You have to pay both (BSD and ABSD) in cash first and will be reimbursed if you have excess CPF ordinary funds after first fulfilling the medisave minimum sum then the 15% CPF downpayment.

You can enjoy ABSD clawback if you sell off your HDB within 6 months from key collection. (its manatory for PR has to sell off HDB if they buy private property)

Hope it helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com Read More