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Hi Thomas, no both of you will not incur any ABSD as the private property will be considered as the 1st property. Regards Aaron 97308455  aaronchong2774@yahoo.com.sg Read More

Afternoon Thomas, If both of you are SC, you will not incur any ABSD on the purchase of private property. However, if either of you are SPR, ABSD of 5% is payable. For some projects which developers are current selling, they do absorb ABSD payable. Do contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Dear Thomas, Subjected to your citizenship, you will also be required to sell your existing HDB first before moving ahead with the purchase as the arrangement you are looking at will not allow you to claim the ABSD remission. Visit and Like my facebook page at https://www.facebook.com/propertyblogshop Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com M.O.R.E Landed Dynamic Alliance Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Our next exhibition is on 2nd and 3rd August 2014. If you have missed out successful exhibition on 10th and 11th May, do not miss this opportunity again. Register your interest to attend this showcase event now! Read More

Dear Thomas, The question is whether you have completed the sale of your HDB prior to you and your wife each purchasing a private property. If you have completed the sale of your HDB. When each of you purchase a private property, it is a 1st property ABSD calculation. However, if you have yet to complete the sale of your HDB then both of you upon purchase of your private property is subject to 2nd property ABSD calculation. Do feel free to contact me for further queries. Thank you and have a pleasant day ahead. Andrew Ngauw 8188 8887  andrew.ngauw@gps.com.sg GPS Alliance Pte Ltd Read More