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Hi All,

I'm a single owner of a 4RM HDB flat. MOP more than 5 years and have no outstanding loan.
I'm considering to get a private property but at the same time I would want to avoid paying ABSD.

Questions
1) Can 1 of parents remove his/her name from their current HDB flat (no more loan as well) so that I can transfer the ownership of my HDB flat to him/her?

2)Am I right that by doing that I will be able to avoid paying ABSD if I get a private property?

3) If Yes, can I buy HDB flat/EC since I don't own anymore HDB? Or I can only get a private property.

Thanks for the advise and time.
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5 Answers

Ivan Ng
Replied
Hi Mr. Tan,

Your parents can't hold 2 hdb at any 1 time since they are considered 1 household. Why not consider properties with ABSD discounts if its for investment? Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Mike Lim
Replied
Evening Allan,

Your parents bought their unit under public scheme as married couple. Hence the existence of both parties are essential to maintain the family nucleus and the ownership status. Therefore, it's not possible for either or your parents to be removed from the ownership.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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D. Kumar
Replied
Hi,

Your train of thoughts are not quite coherent as your parents can't hold 2 HDBs. Do allow me to share on the strategies you could undertake as a solution to the ABSD issue. I would like to understand more of your objectives and finances before advising comprehensively how to go about. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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Rix Jim
Replied
Hi Mr Tan, I do have a solution for you to avoid absd for your second private property... Involving the change of ownership. Do ldrop me a text or call for a more detailed explaination
Cheers
Rix Jim
 96871379 
Rix.jim@hotmail.com
Propnex Read More
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GAN ENG JOO ONASSIS
Replied
Hi Mr Tan,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents and walk you through the entire process.

Tell us more about your requirements and locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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