This is #10 Jacksontalkproperty Ep 10.
Many Singaporean hdb owners are not aware that there is additional buyer stamp duty (ABSD) of 12% for buying a second property. There is an ABSD remission for married Singaporean couple and selling the HDB within 6 months from the purchase date of completed condo or TOP/CSC date.
In the video, there is straightforward formula in buying their first condo and also the ABSD in owning their second condo.
Ways to overcome ABSD include:
Buy under Trust
Buy under the person owning 1st property
Part Purchase/Part Sale
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