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Hi,

If you wish to minimize your ABSD liability, the best option is to sell your HDB first, and purchase thereafter. This way, ABSD will only be 5%.

Any other ways, the ABSD will be 10%. Regardless you cannot keep both HDB and condo since this is a SPR household, hence first option may be more useful to you.

Thanks and may I understand your requirements further so to value-add to your housing plans? Hope to have the opportunity to work with you.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good evening A G,

Let me explain what will be the ABSD liability for the two scenarios that you described.

1) If you decide to sell HDB first and purchase a resale or new condo, your ABSD liability will be 5%.

2) If you decide to purchase a resale or new condo first, your ABSD liability will be 10%. You wont be able to get back any ABSD refund when you sell off your HDB after taking possession of your new condo.

Thus you have to weigh between these two options.

For 5% ABSD liability:

If you sell first and purchase a resale condo, you can stretch your sale period and shorten your purchase duration. In this way, you dont have to find a temporary accommodation.

If not, you will have to find and spend money on rental especially for construction period till completion for new condo.

My advice:

Unless one of you turn Singapore citizen before you purchase a condo, you will still have to pay for the 5% ABSD but you will be able to apply for ABSD remission provided you are able to sell off your HDB within 6 months from TOP or purchase completion.

This is an exemption for married couples with at least one Singaporean who purchase their first residential property in Singapore by IRAS.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,
below is my input.
a. 5%
b. 10%
The best is to sell hdb then buy a condo. This will cost 3% standard stamp duty + 5% ABSD.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More