Good morning buyer,
you will not be eligible for ABSD remission in your scenario.
Let me explain it further.
Stamp duties will be payable based on your residency status when you exercise sales and purchase agreement (developer unit) or option to purchase (resale unit).
If you are a SPR when you exercise either legal document, you will have to pay ABSD and wont be eligible for ABSD remission if you become a SC in future.
Hope my explanation helps!
May I know how can I value add further in your first property purchase?
- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
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