Asked by Paul wu
Does foreigner need to pay 10% extra tax when they buy the apartment
472 views
1 Answer
Morning Paul,
Yes, foreigners are subject to additional buyer's stamp duty of 10% on top of the usual 3% buyer's stamp duty.
But if you buy a new launch property, developers might give you an discount to "reimburse the ABSD".
Feel free to contact me if you need any other assistance.
Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171
E: yt.lovelyhomes@gmail.com Read More
Yes, foreigners are subject to additional buyer's stamp duty of 10% on top of the usual 3% buyer's stamp duty.
But if you buy a new launch property, developers might give you an discount to "reimburse the ABSD".
Feel free to contact me if you need any other assistance.
Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171
E: yt.lovelyhomes@gmail.com Read More