To buy another new launch without incurring ABSD, you can follow these steps:
1. Purchase the new property and pay the ABSD within 14 days of the date of purchase.
2. Apply for a remission if you sell your first home within six months of buying the second one.
3. If the second property is under development (e.g., a new launch condo), you must sell your first house within six months of the second property getting its Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC), whichever is earlier.
This way, you can potentially avoid the ABSD by meeting the conditions for remission.
Good luck with your property purchase!
