Hi Jon,
as Raymond had correctly put it. At present estimates, the current stamp duty is 3% of the sales price. Should there be a change in 5 years time, we do not know and cannot guarantee.
Legal fees and stamp fees are currently the only fees you will have to pay, based on the current legislature.
If you are not allowed to own any Private Property during this period of 5 years, I recommend that you consider setting up a company to make such a purchase. But it will incur the ABSD. This is an option, just for consideration.
Also the other concern is that your parents will have to have a legitimate will, willing the property will be given to you, should any mishap occur during the 5 years. Many people do not take into such consideration.
If you wish to purchase a property for investment, you may consider commercial and industrial as this will not affect you if you had just gotten your HDB.
Cheers,
Yian Tay
ERA Realty Network Pte Ltd
Mobile:
82884499
Email: yiantay.era@gmail.com
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