Are you trying to find out more about ABSD?

Here are some useful questions most HDB Upgraders & investors ask about ABSD. 

Scroll down to find out the answers!

Daniel is a very experienced, professional property agent. He is friendly, cheerful, helpful, responsible, reliable and honest person. He is not only a property agent to us, but he is just like a close friend.
Michelle Liew​
HDB Upgrader
5/5
How much absd do I need to pay?​
I am a Singapore Citizen and my spouse is a PR / Foreigner, do we have to pay ABSD?

If both of you have no property under your name and this is your first matrimonial property (buying under both names), no absd is payable.

Can i own two properties without paying ABSD?

Yes, for co-owners you can consider doing a decoupling on your current property to free up one name for the purchase of your second property without paying absd (subject to citizenship).

Can i avoid paying ABSD?

Unfortunately, we cannot avoid paying ABSD. But, there are methods in which we can take advantage of ABSD to work in our favor. This has benefited many of my clients who have to pay ABSD for their properties.

Is it true that i do not need to pay ABSD if i buy under Trust?

With the latest regulation introduced on 9th May 2022, any transfers of residential properties into a living trust is subject to an ABSD of 35 per cent. Hence, it is not true and you do have to pay ABSD buying under Trust.

Still have queries and want to find out more?

Schedule a quick chat with me here

Testimonial

Here is one of the many families I have helped

Behind every property there is a family, that has spent most of their savings on probably the biggest ticket item in their lives.
Michelle Liew
5/5
Daniel is a very experienced, professional property agent. He is friendly, cheerful, helpful, responsible, reliable and honest person. He is not only a property agent to us, but he is just like a close friend.

Stella Lim
5/5
Daniel also accompanied us to the HDB appointments, and making sure that all the procedures were smooth. Daniel showed integrity and patience, and was always responding to our enquiries with a smile.
Michele Tang
5/5
What stood out was when he looked out for our interest as the seller, after realising how unreasonable the potential buyer was going to be. He was so near to closing the sale but he was not desperate to make the commission.

Schedule a quick chat with me here

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Schedule a quick chat with me here

Schedule a quick chat with me here

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