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You will need to sell off your HDB first in order not to incur ABSD first. If you intend to sell HDB later, then you will need to pay the ABSD first and apply for remission later if you qualify for the remission.

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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

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Hi

As long as you still own your HDB flat, it will be considered 1 property count ownership, hence ABSD is applicable when you purchase the private property as its considered the 2nd property at point of purchase. If you are eligible for new executive condominium, you can buy first without ABSD, this exception is only for new EC purchasers upgrading from HDB as they will have to sign undertaking to sell their HDB.

You have to pay the ABSD first should you choose to buy first and sell the hdb later. ABSD refund may be possible if you fulfill certain eligibility conditions such as buying as matrimonial property.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

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Hi, appreciate your sharing. Yes, you can do it once your HDB buyer exercise your Option. Likewise, provided you have enough funds to do so.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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

Dear Sir/ Madam,

Simple, upon your HDB transaction completed. Then u can buy another property without ABSD.

I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Wishing you a fantastic day ahead.

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Whether you’re buying, selling, or investing, my expertise ensures a seamless and successful property journey.

Let me put my experience and resources to work for you. Reach out now to discuss your real estate goals:

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hi,
It’s advisable to proceed with your purchase only after the buyer of your HDB flat has exercised the Option to Purchase (OTP). This way, you can avoid being liable for the Additional Buyer’s Stamp Duty (ABSD).

I’ve assisted many homeowners in similar upgrading journeys—let me help you navigate this process smoothly as well.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Hi Do contact me at 97970200  to understand more and discuss.
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Hi Janice,

If you proceed to buy the condo first, you will need to pay the ABSD and therefore it is not advisable. In order to avoid the ABSD, we will need to time the sale and purchase together with the sale of your HDB first.

In this manner, you will be able to avoid paying the ABSD and at the same time, be able to transit from your current place to the condo without the need for a temporary place to stay.

I have assisted many of my clients to avoid the need for ABSD when upgrading. Please feel free to contact me so that I can explain to you in greater details on how to plan both the sale and purchase.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

1. To avoid paying ABSD, you must sell your HDB flat before purchasing a private property; otherwise, ABSD applies as the private property will be considered a second property.

2. If you choose to buy first and sell the HDB later, you must pay ABSD upfront and apply for remission later, subject to eligibility criteria.

3. For new Executive Condominium (EC) purchases, ABSD is not applicable for HDB upgraders, provided they sign an undertaking to sell their HDB.

4. ABSD refunds may be possible if the property is purchased as a matrimonial home and other qualifying conditions are met.

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

Hi,

If you exercise your Condo purchase before your HDB sale is exercised, you will incur ABSD. But the ABSD can be remitted if this next home is a matrimonial home and you sell it within 6months from the purchase.

This hassle can be avoided by structuring your sale and purchase timeline carefully. I have helped many homeowners transition to their next home smoothly without incurring ABSD.

Happy to assist you further should you require. You can contact me at 8886 8622  (Ryan)

You can find out more about how I help my clients hit record sale prices and find undervalued purchases here:
seowhomes.com Read More

Hi,

1) The only exemption of ABSD is when you buy and sell an HDB flat.
2) The main reason is no one can hold on to 2 HDB flats for a long period under current policy.
3) However, no one can guarantee that you will honour your words to sell your HDB flat after buying the condo.
4) Therefore, the IRAS stated clearly that all stamp duty (including ABSD) has to pay according to the number of residential property count at the point of signing a Sales & Purchase agreement (S&P).
5) You may apply for the ABSD remission if you are eligible after selling the HDB flat.
6) Otherwise, you have to produce an exercised OTP when signing a S&P for the condo to be exempted from paying the ABSD.

All the best!

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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
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https://R056727F.propnex.net/
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