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Hi Tom,

The ABSD is payable within 14 days after the exercise date of Sales & Purchase Agreement, same as the Buyer's Stamp Duty.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

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Hi tom,

Thanks for your query!
BSD + ABSD, is payable 14 days after the exercise date of your S&P. You may want to engage an agent considering the fact that there is no agent fees for private property purchase. What you get in return is all shortlisting of units , arranging viewings, negotiation , paperwork, legal/admin processing and financial calculations & timeline all planned and executed for you, at no cost! In my added services, i also do compute and share past and present transaction caveats, illustration of price analysis as well as churning a customised sales report with projected returns/ future approx capital gains % for my clients to observe and understand the value and residential capital appreciation yield. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2017 Read More

Hi Tom,

As explained by my colleagues, Buyer's Stamp Duty (BSD) and Additional Buyer Stamp Duty (ABSD) are payable within 14 days from the day you exercise the Sales and Purchase Agreement. If you have sufficient CPF, you may use your CPF to pay the stamp duties.

Please feel free to contact me if you need further assistance or advice regarding purchasing a new property!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Tom, not really upfront payment as you could drag the exercise period when it comes to purchasing of a new launch project. Pls feel free to let me know if you need any asisstance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Tom,

To answer your question (and also for the benefit of others who are reading the answers):

There are 2 types of stamp duties applicable to purchasers

(1) the Buyer Stamp Duty (BSD), which is applicable to all buyers; and

(2) the Additional Buyer Stamp Duty (ABSD), which is applicable to certain groups of buyers.

Purchasers must pay both BSD and ABSD within 14 days from date of execution of the Sales & Purchase Agreement for new properties (or Option to Purchase for resale properties).

Mike Tan, 98280030 , www.property2030.com
Orange Tee & Tie Read More

Hi Tom,

Since you are asking 7%, I would presume you are a Singapore Citizen.

(1) You only required to pay this 7% upon buying 2nd property in Singapore.
(2) There are 2 buyer stamp duties involved when purchasing property in Singapore.
(a) Buyer stamp duty: 3% for property below 1 million, 4% for value above 1 million.
(b) Additional Stamp duty: 7% for SC buying 2nd property, 5% for PR buying 1st property etc.
(3) All stamp duty can be paid using CPF, however, due to the time laspe between IRAS & CPF. This needs to be paid using cash, and reimburse by CPF at a later date if your ordindary account has sufficient amount.
(4) You are required to pay all stamp duties within 14 days specified by IRAS.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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