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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, I believe you are referring to the ABSD? And in your case, there will not be any additional stamp duty to be paid.

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

Hi, as long as you are disposing of one unit, there won't be any ABSD for your case. I can assist in your sale if you require.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi, appreciate your sharing. Upon your buyer exercise your current Unit OTP, you can proceed to exercise your next purchase without ABSD. Welcome you to double check with law firm before proceeding.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

I assume you are asking about Additional Buyer's Stamp Duty instead. In order not to incur any ABSD, you should ensure that the buyer for your current place has exercised the Option To Purchase for your unit before you exercise the Option To Purchase on the unit that you are purchasing.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

There is no resale levy for private condos. That's only for buyers buying a second subsidized flat or brand new EC.

What you meant could be Additional Buyer Stamp Duty (ABSD)? If you wish to avoid paying 20% ABSD (for Singaporeans buying second property), then you would need to plan the Timeline for both your Sale and Purchase in such that the Buyer for your current condo exercises the OTP before you exercise the OTP for the condo you're looking to purchase.

You might also wish to cater some time for renovation purpose for your next condo. These can be well managed if you have the guidance of a proficient agent to assist you in your housing shift.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans, and ensure a smooth transition for you to move into your new home. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Regarding Singapore's Additional Buyer's Stamp Duty (ABSD), the key is the exercise date. To avoid paying ABSD, the exercise date for your new property purchase must be after the exercise date for your existing property sale.
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Hi,

If you are referring to the ABSD, you will need to pay if at the point of exercising the OTP of your next property, you still own 1 property count which is your existing private property. The OTP exercise date will be used as the reference point. If the buyer of your condo has exercised the OTP, you would have zero property count and can go on to buy the next property without ABSD (assuming you are singaporean)

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him.

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Hi there,

- If you are selling your existing condo and buying another one to move into, you generally will not need to pay the Additional Buyer's Stamp Duty (ABSD) as long as you sell the first property within a stipulated period.
- However, the Seller's Stamp Duty (SSD) may apply if you sell the existing condo within three years of purchase.
- It is always a good idea to check the latest regulations or consult with a property lawyer to ensure compliance with all requirements.

Thank you.

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Hi,

The resale levy applies only to HDB properties, so I believe you're referring to the Additional Buyer’s Stamp Duty (ABSD). To avoid paying ABSD, the exercise date for selling your property must occur before the exercise date for purchasing your new property.

I can help to provide a proper timeline for a smooth transition.

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
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Samantha (Resale condo buyer) Read More