This option is for those who does not have a temporary place to stay and have the financial capabilities….
Background: Mr & Mrs Tan owns a HDB flat
Mr & Mrs Tan buys 1st condo as Tenants in Common 99/1 shareholding
Mr Tan – 1%
Mrs Tan – 99%
Pays BSD & ABSD for 1st condo
Sells HDB flat within 6 months
Obtain refund of ABSD
Mr Tan sells 1% share in 1st condo to Mrs Tan through Decoupling
Mr Tan (SSD applies if within 3 years) – free to buy a 2nd property
Mrs Tan (BSD on 1%) – owns solely on 1st condo
Mr Tan buy 2nd condo (own 1 condo)
Mrs Tan owns 1 condo
Read more on..
What is EC?
HDB Just Met MOP
Can we avoid ABSD?
Should You Sell Your HDB Now ? - 2021
Why Sell Private Home Now ? -2021
What should homeowners buy after selling their HDB or Private Homes?
Leasehold vs Freehold
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