A Singapore Citizen who owns an HDB flat wishes to purchase a private condominium. Will Additional Buyer's Stamp Duty (ABSD) be payable if the HDB flat is sold upon the condominium's Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) issuance?
ABSD liability is determined by the buyer's profile and the number of residential properties owned at the time of purchase.
As the individual still owns an HDB flat when purchasing the private condominium, ABSD will be payable at the time of purchase. There will be no refund of ABSD even if the HDB flat is sold after the purchase of the condominium, upon issuance of the TOP or CSC.
Related questions
After my HDB flat's buyer has exercised the Option to Purchase (OTP), will I still incur Additional Buyer's Stamp Duty (ABSD) when purchasing a private condo?
I am a Singapore Citizen and had purchased an HDB flat with my fiance/fiancee who is an SPR. Is Additional Buyer's Stamp Duty (ABSD) payable?
I am a single Singapore Citizen and currently own a condominium unit. If I buy a resale HDB flat, do I have to pay Additional Buyer's Stamp Duty (ABSD)?
Will Additional Buyer's Stamp Duty (ABSD) apply when a Singaporean and a Singapore Permanent Resident (SPR) jointly purchase their first HDB flat?
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