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Hi,

At the time when you sign acceptance on the 2nd private condo, you will be liable for ABSD if your current private condo is not sold, i.e. your buyer has not sign on the acceptance on the OTP.

However, if the sale and purchase is somehow in between the above situation, you should submit ABSD remission to IRAS if 2nd private condo is meant for matrimonial home.

So you have to time your sales and purchase right so as to excuse from any additional hazzale.

Hope the above answer to 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

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Hi,

It is at the point of exercising the option. In order to avoid ABSD, the buyer of your condo will have to exercise the OTP before you exercise the OTP of the condo that you're purchasing.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi, it would be safer to say that once the buyer has exercises for your unit, then only you go ahead to proceed to pay for the option for the new purchase. Pls feel free to let me know if you need any assistance.

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

Hi,

It is better to commence your next move for purchase, only after your buyer exercises the OTP for your current place. This way, the stamp duties are minimized. 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)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Good afternoon,

Once your buyer had exercised the option on the sales of your unit, you can ink the document for your purchase without incurring ABSD.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for someone who have knowledge and experience on sales and purchase of residential properties?
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3) Estate Planning and Distribution
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Good day sir / madam .

As per your question , you are not liable for 7% ABSD if you commit AFTER your buyer has exercised the OTP to your property .

Kindly contact me Joanne Chia handphone 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers.

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

Dear Sir/Mdm,

You can avoid ABSD once your buyer exercise the option.

If you are looking for a salesperson to assist you. I would like to offer my service.

I would like to share with you our marketing plan. Not all internet marketing is the same and we have the most advance marketing tools to give your unit an unfair advantage over the rest. One of the tools we have is virtual tour and this is absolutely free for our valued customer.

Check out one of our virtual tour at this link below
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Don’t you agree that marketing plan is most important factor when trying to get the ideal buyer for your property?

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 9090 6267 
Email: johnny.goh@orangetee.com
www.johnny-goh.com Read More