15 Apr '13, 1pm

Forced Sale & Beyond

Hi, would like to ask for your take and possible course if you are faced with the following circumstances as SC. 1. Own stay (PC) but forced sale because Enbloc, Govt acquisition for Highway for eg. 2. Rented out another unit (HDB or PC) say ~3k/mth. Situation 1. If buy another completed unit to stay, must pay ABSD 7% upfront (easily 70k + & Ouch). Probably cannot take back (unless sell remaining unit within 6 mths, is this correct?) 2. If buy another U/C unit, must pay ABSD 7% upfront. Move back to stay in other unit. When TOP, can still decide whether - to sell and collect back ABSD paid earlier - to forego ABSD paid earlier and continue to keep for rental. 3. Stay in other unit and do nothing. Maybe hope for CMs to be removed before making next move. (how to happen with multiple QEs one after another) 4. Any other possible scenarios? Thanks.

Full article: http://forums.condosingapore.com/showthread.php?p=390251#...

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