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Hi,

1) When comes to buying any private property in Singapore there is no requirement to dispose of any of your overseas property.
2) By owning multiple overseas properties also will not increase the ABSD, because the ABSD rate is tabulated according to the number of residential property count in Singapore.
3) It is only when buying an HDB flat, that the HDB required buyers to dispose of all local and overseas residential property. This is to ensure that the system is not been abused by those who could afford private property.
4) All the above is applicable to foreigners, permanent residents, and citizens.

Hope the above answer 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,

It's NOT mandatory to sell off your oversea properties if you convert to Singapore Citizen. You are only required to sell the properties if you purchase a HDB resale flat.

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