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Good day to you,

Let's start with the easiest component, as long as you are not within the lock-in period, you will not incur any penalties for your home loan. Keep the bank in the loop that you are in the process of selling the unit once the OTP has been exercised.
As for ABSD, you need to be a Singaporean to avoid it. While marketing your unit, understand what type of lifestyle you are into, and casually source for something that might fit your bill. Do not place an Option for the purchase, till you are sure that you have firm buyers on-hand. Let them exercise the sales before you exercise for your purchase.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
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Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Good evening Meng How,

Assuming you are a SC. No ABSD payable for first residential property purchase count.

Lets do our house hunting and property marketing activities concurrently.

It will be advisable to commit to a purchase only after sale OTP has been exercised by buyer. With that, you will not liable for ABSD payment when you exercise your purchase OTP.

Care to share more about your property and your requirements for your replacement home?

We can run through your numbers before proceeding.

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!

Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 9111 51 71 (wa.me/6591115171)
Email: yt.tan91115171@gmail.com

Check out my websites:
1) propertykaki.sg
2) wealthcreation.sg

Do follow me on:

IG: instagram.com/propertykaki
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YouTube: https://bit.ly/Youtube_PropertyKaki Read More

Hi Meng How,

In order not to incur any ABSD for your purchase, your buyer will need to exercise the Option To Purchase for your place earlier than you exercising the Option To Purchase for your new purchase. Your law firm will then be able to apply for the ABSD to be waived.

Certain risk element still remain for doing so, when you are doing simultaneous transactions, for things like when your buyer couldn't complete the purchase of your place, and you will need the funds from the sale to finance your purchase. This will put your purchase in limbo too.

In most circumstances, I'd reckon for you to negotiate for extension of stay after the completion of sale or even to renting back the apartment for a period of 6 months or so after the sale completes, in order for you to look into your purchasing matters to be on the safe side. While price fluctuations maybe a concern when value of property goes up, and you need to pay rent for this period, it gives you more assurance through the entire process. Dear seller,

Do you know that you are able to find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

As long as you are outside the lock in period, typically you will not be liable for penalties when you redeem the loan.

To avoid absd, the otp of your respective units have to be exercised by the buyer for you to be considered to have no property count. Once you have zero property count, and assuming you are singaporean, you no longer need to pay absd for the next property purchase.

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi, is your loan still in the lock in period? If it is not, there won't be penalty for selling , and you will have to make sure your buyer exercise the OTP to purchase your unit before you exercise the OTP to purchase another unit.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

To avoid Additional Buyer’s Stamp Duty (ABSD) and any home loan penalties when upgrading from a 1-bedroom to a 2-bedroom unit, here’s a simple plan:

1. **Check Your Loan's Lock-In Period**
- First, confirm that your current home loan isn’t in a lock-in period. If it is, you may face penalties for early repayment. But if you're outside this period, no penalties apply. Let your bank know once you have a buyer and are ready to sell.

2. **Market Your Current Property First**
- While listing your current property, casually start exploring 2-bedroom options that match your lifestyle. ***Wait until you have a firm buyer and the buyer has exercised the Option to Purchase (OTP) FOR YOUR 1 BEDDER FIRST before committing to your next property OF 2 BEDDER

3. **Plan Your Purchase Timing Carefully**
- Once you have a confirmed buyer AND THAT THE BUYER FOR 1 BEDDER EXERCISED THE OTP , only then should you exercise the OTP for the 2-bedroom unit. This way, you'll avoid ABSD by owning only one property at any time.

4. **Prepare for Temporary Housing** *(if needed)*
- To ease the timing, consider arranging temporary housing or negotiate with the buyer of your current unit for a longer completion period. This buffer will give you flexibility in the buying process.

5. **Engage a Reliable Property Agent**
- A skilled agent can help coordinate the sale and purchase timelines and ensure everything proceeds smoothly, minimizing the overlap period and reducing stress in the transition.
CONNECT WITH ME/ MY TEAM :)

With careful timing and the right support, you can upgrade without the added costs and stress!
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

*** DEVELOPER SALES TEAM !!! BEST PRICES !!! NO AGENT FEES !! LOWEST PRICE GUARANTEED !!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST !!!
*** Here are some exciting condominium launches in Singapore scheduled between June and December 2024:

<< Sora >> - Located at Yuan Ching Road in District 22, this 99-year leasehold development is set to preview in June 2024. Sora offers a mix of modern amenities and scenic views near Jurong Lake.
<< Kassia >> A freehold development in District 17 at Flora Drive, set to launch in July 2024. Kassia is designed for those who appreciate luxury living in a serene environment.

<< 8@BT >> This 99-year leasehold pro Read More

Hi Sir/Mdm,

In order to avoid the penalty on the home loan, we will need to time the completion of the sale to be after the lock in period of the loan. You may check with the bank on the lock in period and is it possible to appeal for a partial waiver of the penalty in some of my clients' cases.

To avoid the ABSD, we will need to time the sale of the 1 bedroom unit to be before the purchase of the 2 bedroom unit. I have assisted a lot of my clients to avoid the ABSD and will be happy to give you an overview of the timeline.

Please contact me so that I can explain to you in greater detail.

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

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from my Clients
Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
Eileen Chen (Seller) June 2024

During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide update and advice on the offers. We are grateful that he helps us to negotiate for a good price for our home. In summary, Nick is dedicated, resourceful, trustworthy and willing to take challenges.
Sunny Ng (Seller) April 2024

Selling our house was a pretty stressful ordeal, as we have already committed to buying our new home and hence have a timeline to meet. Losing a substantial deposit and worse still, not getting our dream home caused many sleepless nights as we are nearing our deadline. I am very glad we have decided to switch to Nick and seek his help after the dismal performance of our first agent. Not only is Nick very patient in explaining things to us, time and time again he gives us reassurance to allay our worries. And he walked his talk.
With his help, we finally managed to sell our unit at a price within our expectations, before the deadline. Nick’s service is top notch – he is knowledgeable in his field, swift to respond, easy to communicate with and extremely accommodating.
Thank you very much once again Nick, for this smooth transaction!
Judy Rong (Seller) Dec 2023 Read More

Hi Sir/Madam

You will not face any penalties for your home loan as long as you are outside the lock-in period.
If you are in the process of selling your current property while simultaneously purchasing a new one, you can try to appeal the bank to waive the penalties on your home loan if it is still within the lock-in period.

Selling:
1. Have you hold your private property for longer than 3 years?
As if it is less than 3 years seller stamp duty will apply

2. Steps in selling
- Appoint agent to market your unit, I will be glad to assist on this
- After that I will proceed to market your unit in online portals and propose to buyer on hand.

3. Pricing Strategy
Selling price will be depend on level, facing, condition of unit, etc
Appreciate if you can contact me at (65) 9660.8508 with details of your unit so I can advise accordingly

4. I will be glad to assist finding the right buyer

Timeline:
- It is important to ensure that the buyer of your current property have already exercised the Option To Purchase before you exercise the Option To Purchase for your next property purchase to avoid incurring Additional Buyer's Stamp Duty (ABSD)
- Do you need the cash proceeds from your current house for the new house?
= I will be glad to share the financial breakdown and timeline as well

Buying:
1. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

2. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 9660.8508 and I can share the breakdown for this calculation including timeline.

3. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
No agent fee from private property buyer

I will be glad to assist, I am well versed in private property and has done many transactions
I hope the above clarifies, please feel free to contact me at (65) 9660.8508 so I can explain further
Appreciate if you can contact me at (65) 9660.8508 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) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com Read More

Hi,

To avoid ABSD, the buyer of your 1-bedroom must exercise the Option to Purchase before you exercise the OTP for the 2-bedroom. I have helped many clients with similar upgrades, and I would be happy to assist you as well. Please find my testimonials below for your consideration.

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

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hi,

If you are doing the sale outside the bank loan lock in period, there shouldn't be any penalties. Perhaps you can share your bank letter of offer and I can help you to review to see if there are any other costs.

As for tax planning, once the OTP of both the two properties are exercised by your future buyers, you will be considered to no longer have any property count, and can purchase the next property without ABSD assuming you are singaporean citizen.

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

Condo Seller

Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

To avoid paying the **Additional Buyer Stamp Duty (ABSD)** and incurring penalties related to your **home loan**, here’s how you can plan your move:

### 1. **Sell Your Current Property First**
- If you sell your **1-bedroom condo** before purchasing a new one, you can avoid paying the ABSD on the purchase of your next home.
- You must ensure that the sale is completed before committing to buying the **2-bedroom condo**, as buying a second property while still owning one would trigger ABSD.

### 2. **Ensure You Meet Loan Eligibility**
- If you're taking a loan, be mindful of any outstanding loans on your current property. When you sell, you’ll need to settle any existing home loan balance.
- If you’re buying the new condo **before selling** your current one, the loan eligibility might be affected, as the bank may consider both properties in its assessment.

### 3. **Buy Only After Selling**
- Ideally, purchase the **2-bedroom condo** after your current property has been sold. This ensures you avoid the ABSD, which applies only if you already own more than one residential property.
- Consider bridging loans if you need cash flow for the new condo purchase before your current flat is sold.

### 4. **Check for Penalties on Home Loan**
- Ensure that you are not locked into any early repayment penalties when selling your current property, especially if you have an outstanding loan on it.

### 5. **Consider Timing**
- If your current property is still under the **Minimum Occupation Period (MOP)** or subject to restrictions, you may have to wait until it is eligible for sale.

By selling first, you’ll avoid paying ABSD and mitigate potential issues with your home loan. Be sure to confirm all these details with your bank and an agent to ensure a smooth transaction.

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can READ my REVIEWS here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

*** DEVELOPER SALES TEAM !!! BEST PRICES !!! NO AGENT FEES !! LOWEST PRICE GUARANTEED !!!
*** Connect Singapore Line: (65) 9856*9255
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST !!!
*** Here are some exciting condominium launches in Singapore scheduled between June and December 2024:

> - Located at Yuan Ching Road in District 22, this 99-year leasehold development is set to preview in June 2024. Sora offers a mix of modern amenities and scenic views near Jurong Lake.
> A freehold development in District 17 at Flora Drive, set to launch in July 2024. Kassia is designed for those who ap Read More