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Good afternoon,

Actually planning have to start early. If you wish to own a private and a HDB on hand, you could have one of you as owner and the other as essential occupier to avoid ABSD for your next house.

Since you cant turn back time, you will have to make the tough call to either pay the ABSD or sell your HDB to avoid ABSD.

I sold off my 2 beds EC and bought a 3 beds condo. Memories can be created as long as your loved ones are with you.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi there,

Thank you for your query.
I certainly emphasise with your sentiments and there are ways around it for sure. As preliminary, it would be apt to sit down and compute a comprehensive financial calculations to establish prudence. Afterwhich, I can propose which options you could consider taking into consideration long term yields. I have handled many complex and high end transactions and specalise in such computations and technicalities. Any advise or computation given here would be brief , and not tailored succinctly for your proposed plans. There are many factors to asses when picking the right development - location? amenities? accessibility? future capital gain %? Rentability?

Let me share with you some transaction caveats and history of sales in the given developments and surrounding developments for you to have a better outlook on the investment scene.
Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline.

The purchase of private property does not involve agent fees and thus, you will enjoy expertise at every level at no obligation and cost. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

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Hi Sir,

May I know what's the purpose of your private property purchase? Is it for your own stay? Or just purely purchasing for investment purpose? Only by understanding your purpose can you make a sound decision.

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear Sir,

If you are keen to keep the HDB, then I would suggest you to consider buying a private property with good upside potential so that it will make paying the ABSD worthwhile as your profits in the future will be sufficient to offset the ABSD. You may also consider fully paying off the HDB first before purchasing so that you can leverage on the full 75% loan for the 2nd property and also take advantage of the low interest rates.

I have assisted my clients who are in the same situation to purchase a 2nd property with ABSD. Please feel free to contact me so that I can understand your situation further and assist you better.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
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Hi,

1) Maintaining memories always have a cost.
2) Since you wished to keep your memory and proceed to purchase a private property, you are subject to 12% ABSD as this shall be 2nd count of property owned in Singapore.
3) If your child had reached the legal age of 21, you may register the purchase under his name without incurring ABSD.
4) If your child is still under the legal age of 21, you may consider using cash to buy the property under trust. This method also will not incur any ABSD as the count of the property will be based on the beneficiary and not the trustee.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Sir/Madam

I just assisted my client who have similar concern
I will be glad to assist you as well
Appreciate if you can contact me at (65) 96608508  with details of your unit
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