If you purchase a second house, you’ll first have to pay the ABSD as usual (this is within 14 days of the date of purchase). However, you can apply for a remission if you sell your first home within six months of buying the second one.

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.

Whether it is worth it depends on your personal financial situation and long-term goals. It is advisable to consult with a financial advisor to make an informed decision.

Best of luck with your property decisions!

ABSD is payable when buying a second property, but remission is possible if you sell your HDB within 6 months. For a new launch, sell within 6 months of TOP or CSC. Worthiness depends on your finances and goals.

should i pay absd for keeping my hdb flat while buying condo? worth it?

Do I need to pay ABSD for keeping my HDB flat while buying a condo? Is it worth it

No, new launch projects are typically priced higher than neighboring resale properties. Developers usually become price leaders, using new concepts to break price barriers, and their prices are less negotiable compared to resale properties.

New launch projects are usually priced higher than neighboring resale units, as developers set higher prices and are less open to negotiation than resale sellers.

any new launch priced lower than the neighbouring resale?

Is there any new launch priced lower than the neighboring resale

Real estate salespersons (RES) must conduct due diligence on tenants by verifying the validity of immigration or work passes. An In-Principle Approval (IPA) letter cannot replace the need for original immigration or work passes for verification. Validity checks should be done via ICA or MOM websites.

can ica/mom checks be made even tenant has ipa?

Can ICA/MOM checks be made even if the tenant has an IPA

The maintenance fee is a charge collected by the developer from the purchaser for the upkeep of the property. It is paid in a lump sum for the initial half a year and thereafter, it is paid in advance quarterly.

ASCENTIA SKY offers amenities like a gym, jacuzzi, lap pool, multi-purpose hall, and tennis courts. Click for more.

A bank loan for residential properties typically works as follows:

- **Maximum Loan Sum**: Up to 75% of the purchase price or valuation sum, whichever is lower.
- **Loan Period**: Maximum of 35 years for private houses and 30 years for HDB flats.
- **Security**: The property is mortgaged to the bank.
- **Interest Rate**: Can be fixed or variable.
- **Repayment**: Not more than 60% of gross income for private residential properties; and 30% for HDB flats.

For fixed-rate home loan packages, fixed rates apply for an initial period (e.g., 3 years), after which floating rates apply. For floating or variable rate home loan packages, variable rates are usually tied to a reference interest rate.

I hope this helps!

Bank loans for property: Borrow up to 75% of price/valuation (whichever is lower); max 35 years (private) or 30 years (HDB); property mortgaged; fixed or variable interest; repayment limited to 60% (private) or 30% (HDB) of income.

Is Chuan Park 3-bedroom unit worth $3000 psf

To convert a normal account to an agent account on EdgeProp Singapore:

1. Log in to your account.
2. Navigate to account settings.
3. Upgrade your plan.
4. Choose an agent plan.
5. Complete the registration.
6. Payment and activation.

Check Home Value

Transactions

Listings

Compare Projects

Overview Project

Shortlist Projects

General Questions

Quick Start

Browse trending questions on rentals, transactions, and price trends in Singapore.

New Launches

Discover

Do I need to pay ABSD for keeping my HDB flat while buying a condo? Is it worth it

Is there any new launch priced lower than the neighboring resale

Can ICA/MOM checks be made even if the tenant has an IPA

What is the maintenance fee

How does a bank loan work

Is EOK 3-bedroom unit worth $3000 psf

Is Eok E Bedder worth $3000 psf

What are the HDB late penalty charges

Is Chuan Park 3-bedroom unit worth $3000 psf

Convert normal account to agent account