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Hi,

No ABSD is required. The current 5rm flat needs to be sold within 6 months after key collection to the next EA flat, meaning there will be more than ample time to market and secure a buyer at a reasonable price. Typically selling it within the required timeline won't be an issue, with the right pricing and marketing strategy. I have worked on several hdb upgrader cases with smooth transition and will be happy to share more on the best approach specifically tailored to your plans.

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 Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Dear sir/madam,

In order to mitigate your concerns over the possibility to find a matching buyer for your existing HDB after securing your new place, it is best to study in details on the market movement of units in your precinct to understand more about the probability of meeting the hiccup you are worried about. More often than not, it is not only down to pricing that will attract buyers, but its actual location and environment of the unit that can be the determining factor over why some precincts can sell so well while others are not despite a huge disparity in price.

Let's get in touch in private where we can get more details of your place in order to churn out these information for a more informed decision making process.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi, nope no ABSD is required for a HDB moving to another HDB as you can only own 1 HDB unit. And due to the weak market sentiment, it is advisable to sell away the current unit first before you purhcase the next. Pls feel free to let me know if you need any assistance.

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

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi,

If either you or your spouse is a Singapore Citizen, you are not liable to pay ABSD for a HDB purchase. If both of you are PRs, then you will be liable for a 5% ABSD.

Should you purchase your EA flat first, you will be required to sell off your existing 5RM flat within 6 months from the purchase. Failing to do so, you will need to provide to HDB the evidence that you had been trying to sell the flat in the open market. HDB will then make a decision, whether to give you an extension (more likely to happen), or to "buy back" your flat.

Do take note that you are not allowed to rent out your 5RM HDB in the meantime while marketing for sale.

I am experienced and well-versed in HDB resale transactions, and I am blessed to have transacted multiple "million-dollar" flats in the past 1-2 years. I have also helped many clients upgrade/right-size with seamless transition. I believe I will be able to assist you too.

Please get in touch with me for a more in-depth discussion on your upgrading plans.

Should you need require 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

Good evening Sir/ Mdm,

I will love to assist you with your property sale.

You wont be liable to any ABSD unless both of you are SPRs. ABSD for SPR is 5%.

And if you fail to dispose off your interest in existing HDB 6 months from purchase completion, you can try to appeal to HDB for an extension. You will have to keep track and produce evidence that you have been actively marketing your unit at the best effort.

Hope my sharing aids in clearing your doubts.

May I know when will be a good time to meet up for a discussion?

By the way, what's your plans after the sale?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Accolades:

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Top Private Property Transactors January 2017 (Propnex) Read More

Hi

You may text 9620 0827  . Attached a link for your reference. https://tinyurl.com/y8q3888u

Regards

Gavin Read More

Dear Sir/Mdm,

There is no ABSD payable when you purchase another HDB flat as you are required to sell your current HDB. As long as you have an intensive and comprehensive marketing plan, you will definitely be able to secure a buyer within a 6 months period.

I would usually advise my clients to sell first so that they can reuse the CPF and sales proceeds from their current flat and minimise their cash outlay for the next housing. By selling first, you will also not face the pressure of reducing the asking price as the 6 months deadline to sell becomes nearer.

Please feel free to contact me so that I can understand your situation better and draft up a transition plan for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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Testimonial from Satisfied Clients

“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More