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Hi Sir,

I assume you and your wife are both Singaporeans? If you are looking to save on ABSD, I suggest that you sell off your jointly-owned HDB first, then using your wife's name, proceed to buy the landed property. This way, your wife will be buying her first property and will not be subjected to any ABSD.

However, if she were to proceed to buy the landed property first, and then sell off your jointly-owned HDB flat, I am sorry to inform that she is liable to pay ABSD of 7% for her second property (landed), and she will not be able to claim back ABSD refund.

This is because, ABSD refund is only applicable for Singaporeans buying their matrimonial home (jointly-owned).

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Sir,

I assume you and your wife are both Singaporeans? If you are looking to save on ABSD, I suggest that you sell off your jointly-owned HDB first, then using your wife's name, proceed to buy the landed property. This way, your wife will be buying her first property and will not be subjected to any ABSD.

However, if she were to proceed to buy the landed property first, and then sell off your jointly-owned HDB flat, I am sorry to inform that she is liable to pay ABSD of 7% for her second property (landed), and she will not be able to claim back ABSD refund.

This is because, ABSD refund is only applicable for Singaporeans buying their matrimonial home (jointly-owned).

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

In this case it will be better to sell off the HDB first before buying the landed under your wife's name, so you can avoid the ABSD.

If she were to buy the landed first before selling the HDB, she will be subjected to ABSD for the purchase and cannot claim ABSD refund.

This is because ABSD refund is only for SC couples jointly purchasing a matrimonial property (joint-name purchase) and disposing all of their previous ones.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Afternoon,

The ABSD paid during the purchase of your current condo cannot be claimed back. However, you can save up on the ABSD payable for your Wife's purchase by selling the HDB first.

Do feel free to contact me should you require additional assistance.

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

There is no ABSD remission in your case should you decide to purchase before the sale of your HDB. Look into the sale of HDB first. I do not think it will be a major obstacle for you to sell your HDB unless pricing expectations is not in line with existing trend, but bearing in mind that you are looking to leverage on the existing market to purchase a landed home, your advantage is obviously in savings in terms of purchase price on your purchase given the current climate.

We have done a number of portfolio upgrades for your clients and can do the same for you. Do get in touch with us in private for more detailed discussion as we are not alerted for any responses posted here.

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good day mr Chong Ken

However please note extra cost 7% ABSD additional buyer stamp duty if your wife buy a landed property before selling your family hdb .

Vise versa, savings of 7% ABSD If your family sell the hdb before buying a landed property .

Kindly note your wife TDSR total debt servicing ratio , if loan is required for the landed property , TDSR is subject to her age and income , you cannot get a loan for the landed property if your name is not included as owner .

Kindly contact me for a no-obligations chat for your property needs .

my charges are 1% commission for exclusive selling rights to your hdb and / or condo , or 2% for open listing .

No commission chargeable when i serve private property buyers .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day Mr Chong Ken .

Given the limited info provided by you ,

Your family may claim back the ABSD payable for the landed property , if this few conditions are met .

1.must sell the condo before purchasing any property .

2. Buy the landed as a one and only , jointly-owned , singapore household , matrimonial home to qualify for ABSD remission ( pay ABSD first but claim back in full later , if sell the hdb property withins 6months from landed property purchase ) .

Please note there is a risk of forfeiting ABSD paid if fail to sell hdb by dateline of 6months .

3 . Alternatively , sell both hdb and condo before buying the landed property , therefore NO ABSD payable upfront .

Kindly contact me for a no obligations chat for your property needs .

My charges are only 1% comm for exclusive selling rights to your hdb and / or condo , or 2% for open listing .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Mr Chong Ken,

I assume you and your wife are both Singaporeans. In this scenario, you may need to sell off your HDB first and then buy the landed property under your wife name alone and could avoid paying any ABSD.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.

Shawn Yim
R049796J
Propnex Realty Pte Ltd
 9695 4627 
sean_5832@yahoo.com Read More

Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

ABSD cannot be claim unless your lawyer stated in the purchase property docs that you are doing a remission of ABSD by committed to sell the existing property.

I am contactable at 92222389  or onassis@sgagent.com / 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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