🏡⏳ Bought your next home before selling your existing property?

For some married couples, ABSD remission can make a huge difference, but the timeline is strict.

If an eligible Singaporean married couple jointly purchases a second residential property, they may qualify for an ABSD refund if they sell their first property within 6 months of purchasing the second property, subject to IRAS' conditions. IRAS specifically states that extensions to the 6-month sale timeline will not be granted.

A recent Tampines upgrader case highlights why the timeline matters.

The key planning points are:

📅 Know your exact ABSD remission deadline
🏡 Start marketing the existing property early
💰 Understand your potential ABSD exposure before buying
📊 Price the first property realistically to secure a buyer
⏱️ Allow enough time for negotiation and completion

For an upgrader, the goal isn't simply to buy the next property quickly. It's to coordinate the sale, purchase, financing and ABSD timeline properly.

🔗 https://propertynet.sg/tampines-upgrader-couple-absd-remission-deadline-close-call-2026/

📌 ABSD remission is valuable, but the deadline is not flexible. If you're relying on the refund, your sale strategy should start before you buy.

🏡💰 What happens when your HDB selling price is lower than your CPF refund?

This is something many homeowners misunderstand.

If your HDB is sold at market value, but the selling price is not enough to cover both the outstanding housing loan and the CPF amount that needs to be refunded, you generally do not have to top up the CPF shortfall in cash. The CPF refund is limited to the remaining sale proceeds after repaying the outstanding loan.

For example, a homeowner may see:

💵 Selling price
🏦 Less outstanding housing loan
📋 CPF refund required
💰 Remaining cash proceeds

If the CPF refund exceeds what is available after repaying the loan, the shortfall isn't automatically a cash debt to CPF, provided the property was sold at market value.

This is why understanding your actual sale proceeds before listing your HDB is so important.

Before selling, check:

📊 Current market value
🏦 Outstanding loan
💵 CPF principal + accrued interest
💰 Estimated cash proceeds
🏡 How much you can actually use for your next property

🔗 https://propertynet.sg/hdb-negative-sale-cpf-refund-exceeds-selling-price-2026/

📌 A lower sale price doesn't automatically mean you need to write a cheque to CPF. But knowing the numbers before you sell can make a huge difference to your next property decision.

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OpenAI steps up Singapore footprint, in talks to lease 100,000 sq ft in Shaw Tower

Meanwhile, OpenAI’s biggest rival Anthropic has also set up shop in Singapore, leasing about 100 desks within The Executive Centre facility at Ocean Financial Centre in Collyer Quay.

https://bt.sg/LNdR

🍻 92 bars & clubs in Clarke Quay have been approved to extend liquor trading hours to 4am on all Thursday & Friday nights.

RIP to my Friday & Saturday mornings.

➡ https://bit.ly/4wZPgF5

Follow us @mothershipsg

Planning to try the RTS Link to JB? A new pedestrian link will also be built to connect Bukit Chagar station directly to Malaysia's KTM trains, making onward trips to Kuala Lumpur and other Malaysian cities easier. https://cna.asia/4gALP1Q

Developer sales pick up in July with 731 new homes sold, mainly from 2 launches
Dunearn House and Lentor Gardens Residences are the month’s only major new projects

Abiel to convert three Geylang Road shophouses into 'micro-residences' for rent

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“He pointed the knife at me, and I immediately called the police,” the man's 82-year-old father said.

🔪 https://stmp.sg/cVyk

@stompteam

MAS adds new asset-management incentives as competition from Hong Kong heats up

“We will do what it takes to maintain and uphold the competitiveness of our financial services industry,” notes Chee Hong Tat, minister for national development and the deputy chairman of MAS.

https://bt.sg/4s4oo

🏠Co-living is emerging as a housing option for young adults in Singapore seeking independence, but home ownership will remain the end goal, say observers. https://cna.asia/4zr3Jf1

Are you interested in a co-living space?

🌊🏙 Another major piece of the Greater Southern Waterfront is taking shape.

The Berlayar Drive GLS site has been awarded to Hong Leong Holdings at about $576.8 million, or $1,515 psf per plot ratio. The site can yield around 400 private residential units, adding another major development opportunity to the Greater Southern Waterfront transformation.

Why buyers should pay attention:

🌊 Part of the wider Greater Southern Waterfront transformation
🚇 Close to future connectivity improvements in the Pasir Panjang / HarbourFront corridor
🏙 Near established employment and lifestyle nodes
🏡 Limited new private housing opportunities in the immediate area
📈 Land cost of $1,515 psf ppr could translate into a significant future launch price benchmark

The bigger story is the land cost.

When developers pay a premium for a site, the eventual project has to be priced accordingly to make the development viable. That makes this tender an important benchmark for buyers watching future launches around Pasir Panjang, Telok Blangah and the Greater Southern Waterfront.

But this is a long-term transformation story. The Greater Southern Waterfront is expected to unfold over 15 to 20 years, so buyers should be careful about paying today's premium purely for tomorrow's potential.

🔗 https://propertynet.sg/berlayar-drive-gls-award-2026-greater-southern-waterfront-launch-prices/

📌 The interesting question isn't just how much the land was sold for. It's whether the future transformation can justify the price buyers will eventually have to pay for the homes built on it.

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Read: https://www.edgeprop.sg/property-news/chinas-first-tier-new-home-prices-flat-july-ending-four-month-rebound?utm_source=Telegram