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Good morning,

If you decide to buy the landed first before you sell, the ABSD is payable upfront first. Assuming you jointly purchase the landed as a matrimonial property, and also the current hdb is also jointly owned as a matrimonial property, and the conditions set out by IRAs below are fulfilled, it is possible to get the ABSD refund.

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Remissions/Remission-of-ABSD-for-A-Married-Couple/

As for the scenario raised, I believe the onus is on the buyer to show to IRAS that the plan is to do a rebuild and the landed is considered an uncompleted property. One way could be to lengthen the option period and extend the option exercise date to get this process clarified before you exercise any OTP.

However, will not really recommend to go this route as the ABSD upfront is quite a substantial sum and is "tied down" for the next 1.5 to 2 years, until you sell your hdb later.

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
ERA Senior Marketing Director
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Hi You are eligible for ABSD remission however your timeframe to demolish and rebuilt may take more than 6 months. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Dear Sir/Mdm,

Yes if this landed property is your matrimonial home, then you will be eligible for the remission. However, you will need to pay the ABSD upfront first and subsequently get the reimbursement if you are able to sell your HDB within 6 months from the TOP date.

Please feel free to contact me if you need any further assistance.

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

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Susana (Buyer) Read More

HI,

If you purchase the 2nd property under joint name as a matrimonial asset, then you will be eligible for the ABSD remission provided you met the criteria which will be the first residential property (co-owned or separately owned) is sold within 6 months after
1) the date of purchase of the second property for completed property or
2) the issue date of the Temporary Occupation Permit (TOP) / Certificate of Statutory Completion (CSC), whichever is earlier, if the property was uncompleted at the time of purchase

Demolish and rebuild is a big project thus timeline is very important especially if it need more than 6 months. Then you will need to source for a temp place to stay after you sold your HDB.

Feel free to contact me at 92707548  to discuss further.

Thanks!

Alan Sng
ERA Read More

Hi there,

Answer is yes and yes.

However, you must take note that the 6 months time frame is to be adhered to strictly without compromise.

Feel free to contact me to discuss further.

Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602  Read More

Hi Sir/Madam

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More