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I would like to know what will happen to the ABSD if I am unable to sell my first property within the stipulated 6mths? Does the ABSD get forfeited by IRAS or do I pay interest on the ABSD until the property is sold? Thank you.
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3 Answers

Dear Ms Wong,

It will be helpful to start sourcing for a buyer for your unit and determine the likely response before moving ahead with your purchase, should the ABSD be a concern for you.

I am assuming that you are holding on to a HDB and looking to upgrade and worried with the current HDB sentiments.

Speak to one of my HDB salesperson whom I believe can give you great insights on what can be expected.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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YT Tan (陈永达)
Hi Lilian,

ABSD will be forfeited by IRAS if you are unable to sell off your 1st property within 6 months from 2nd property's completion.

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
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Hi Lilian

In your case, the ABSD will be forfeited by IRAS. You may wish to contact HDB personnel at 1800 866 3066, to find out more.

Pls feel free to let me know if you need any assistance.

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