Let's continue with the 3rd way to avoid paying ABSD. Buy a new launch EC. In order to be eligible, there's a whole list of criteria to be fulfilled and also mainly for HDB upgraders and 1st timer buying subsidized housing.
If you are eligible and wish to upgrade from a HDB, and unable/dont wish to fork out the big sum of ABSD up front, or don't wish to sell the existing HDB first , then EC could be the best option for you. The government do not need you to pay for ABSD upfront as legally it's not possible to hold on to more than 1 subsidized housing. The HDB flat has to be disposed within 6 months of TOP of new EC.
There you go, if you are house hunting for the next property and you are eligible for an
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