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Dear Sir or Madam I wish to buy a residential property under my company name and wish to clarify the following: 1) What is the maximum loan the company is eligible 2) How much for stamp duty and ABSD (if any) 3) Any penalty if property is sold? Many thanks in advance!
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1 Answer

YT Tan (陈永达)
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Good morning Deirdre! I will advise you to purchase under personal name. 1) You may take up to 80% bank loan if you don't have any outstanding housing loan (50% if you do). 2) Normal buyer's stamp duty of estimated 3% of purchase price with ABSD at 7% (for 2nd property as SC) or 10% (for 3rd and subsequent). If you need any assistance in your property purchase, feel free to contact me. Cheers! YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More
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