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Hi,

Absd will only have to be paid when you are purchasing a second property without selling the first one.

If you need any assistance in your property journey be it in selling/buying/renting, you may reach out to me for assistance.

Landon Chew
 97396040 
Landonchew@email.com Read More

Hi,

If you plan to buy first before selling, ABSD is applicable if you are buying private property. For New EC, or HDB, ABSD is not required as you have to sign undertaking to sell existing property.

Typically I will coordinate the timelines for my client and do both concurrently. It will be timed such that the sale OTP will be exercised first before you exercise your purchase OTP, so to avoid the ABSD outlay upfront. I have assisted various clients to successfully transit smoothly and will be happy to share more at 97432395  .

Hope the above clarifies. May I have more info and requirements about your plans so as 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, appreciate your sharing. In the event, if you proceed to exercise the Option to purchase of the unit, without selling the current unit. Welcome you to double check with law firm to seek advise.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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

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, if we will to sell first and then move on to the next purchase, then there be no ABSD.

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

If you do not own any other residential properties in Singapore and have just sold your current property, you do not need to pay any ABSD for purchasing another residential property after the sale.

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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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In Singapore, you may be subject to Additional Buyer's Stamp Duty (ABSD) when you sell your property and then purchase another one, depending on your residency status and whether you already own residential properties. Here's how it typically works:

Citizen Selling and Buying:

If you're a Singaporean citizen selling your current property to purchase another one, you generally won't have to pay ABSD on the purchase of the new property, regardless of whether it's a HDB flat, a private residential property, or a combination of both.
However, if you're selling a property that is not your first residential property and then purchasing another property, you may still be subject to Seller's Stamp Duty (SSD) if you sell within the holding period. SSD is different from ABSD and is applicable to properties sold within a specific timeframe after purchase.
Additional Considerations:

If you're buying a second residential property, such as a private residential property, you may still be subject to ABSD if you already own one or more residential properties in Singapore at the time of purchase. The rates of ABSD depend on factors such as your residency status and whether you're purchasing a residential property for the first time, among other criteria.

Additionally, exemptions or remission of ABSD may apply in certain situations, such as when you're purchasing your first residential property or if you're a married couple purchasing a property jointly, among other scenarios.

It's essential to consult with a qualified tax advisor or seek information from the Inland Revenue Authority of Singapore (IRAS) to understand your specific tax obligations and entitlements regarding ABSD based on your individual circumstances and the properties involved in your transaction.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More

Hi,

To avoid ABSD for your next purchase, the Buyer of your current property has to exercise to OTP before you exercise the OTP of the property you wish to purchase.

May I know if this is for your own stay? If so, apart from the financials (for your sale proceeds to be returned in time for your next purchase), it will also be crucial for you to plan the Timeline as such that you can avoid the hassle of having to shift house more than once during this transition.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. 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

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
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"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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