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Hi,

Yes after selling your HDB, your next property is counted as 2nd property, hence ABSD payable is 7% if you are local. You can't purchase a new EC though if you own private property within 30 months before new EC application. Thanks and hope to assist with your purchase and value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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(Client's Testimonials) Read More

Morning Mdm Wai,

Should you opt to sell away your HDB unit to purchase resale EC, ABSD of 7% is payable. However, should you opt to purchase a new EC, you will be required to remove your ownership status on the private property and wait for 30 months before you will be eligible for the purchase.

Do contact me further should you require my assistance.

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

Hi,

Re: Our Preferred Experienced SG Professional

Simple, for your 2nd property will be subject to 7% ABSD on the condition you are SC.

You only eligible to buy resale EC unless you willing to wait for 30 months.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi Mdm Chan,

As you own a private property, you will not be eligible to purchase a new EC. You may wish to look at the resale EC instead which are more affordable as compared to private condos.

If you were to sell your HDB and purchase another residential property, you will need to pay a Additional Buyer Stamp Duty of 7% on top of the normal stamp duty of about 3%.

Please feel free to contact me so that I can understand your needs and advise you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
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Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

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Hi Wai Leng,

I have a better suggestion which would help you avoid ABSD/continue to get rental income if you are getting it.

Feel free to contact me for more information.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good evening Mdm Chan,

If you dispose off one of the two properties first then purchase another property, ABSD will be 7% if you are a Singaporean as it will be considered as your second property purchase.

Btw do take note that if you want to purchase a new EC, you will have to dispose off your private property first and observe a waiting period of 30 months before you are eligible to apply for one.

Hope my sharing is beneficial to your property purchase.

Btw care to share more about your intention to sell off HDB and purchase a condo? Is it for change of lifestyle?

Wish I can continue to value add in your property purchase.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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