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Hi Mr. Segar,

I can only make assumptions based on the info shared. To avoid the ABSD, naturally you have to sell away the HDB first, and thereafter place all the private property ownership under one sole name, so to free up the outgoing owner to purchase the D8 3-bedder condo as his/her 1st residential property.

It is not so straightforward though, as the finances may not permit. For example, outgoing owner may not be able to loan sufficiently for the purchase price. Or remaining owner may not be able to finance the current 2 properties on his/her sole name. Would need more info to make better recommendations on the optimal approach to structure the portfolio.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Hi Mr Gopal,

I am well versed in these transactions, but before I can comment any further, I would need to know more about your current profile/situation. Only when I have the full information then will I be able to provide you with the most appropriate recommendation.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Mr Gopal,

Thank you for your query!
As a rough baseline, the logical way forth to avoid ABSD would be to sell off the HDB first , then work on the purchase, assuming we do transfer the ownership of your other properties under a sole name to free up the other name , to qualify for the 1st time purchase of the 3br condo unit. However , In order to assist further and in a effective and thorough manner, I would require more information and inputs on your end , to work around the finances , the regulations and propose options in accordance.

Please do contact me at 96659926  for a non obligatory discussion , to be able to shed light on the market insights and outlook with reference to your situation to churn out the best possible option. Where words do fall short, I would let me accolades and testimonials speak for my dedication and experience in this industry for the past 20 years. Please visit my website
: www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award

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Hi Segar,
The best way is to sell of HDB and the apartment or condo, then transfer the ownership of the remaining property to one party. This free up one party which can purchase a 3 bedroom condo without 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

Hi Mr Gopal,

To avoid paying ABSD, you can adopt the following approach:

1. Sell off your HDB.

2. Decouple your condo unit, 1 party buy over the share of the other party. There will be some legal cost involved but the ABSD you will be able to save will outweigh the legal fees.

3. After decoupling, you may proceed to buy a condo without the need to incur ABSD.

Please feel free to contact me so that I can understand your situation better and give you more informed recommendations!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi Gopal, do contact me at 97970200  to discuss more

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