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If SC and SPR are buying resale HDB under fiance/fiancee scheme and this is the first property purchased. Is ABSD of 5% applied?
FYI, ROM is after OTP date and should be before HDB completion.
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5 Answers

YT Tan (陈永达)
Good afternoon,

Not to worry. No ABSD will be payable. My friends also bought under fiance/ fiancee scheme (SC+SPR) as well.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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ABSD will not be applicable in such case as this is the first matrimonial home for the couple. Only the normal BSD will apply.

I have been in the real estate business since 2009, with more than 13 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.

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Tan Pei Cheng (Pei)
Hi,
No ABSD is required.
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More
0
Hi Sir/Mdm,

ABSD is not applicable because one of you is a Singaporean and therefore the property will be considered as a matrimonial property and therefore ABSD is not applicable.

Feel free to contact me so that I can give you an overview of the purchase process and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020 / 2022
Visit my website to know me better: www.nicktan.com.sg
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I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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