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Question

Investing in Singapore

Asked by Chye Flora 30 Jan 2013

Good day Guru, I am a Singapore Citizen living in Australia ( PR ), I have no property in Singapore. If I were to buy a private property for investment, what is the stamp duty rate must I pay? Many thanks

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Margaret Chua · Answer 1 · 2013-01-30T21:36:14+08:00

Margaret Chua

Replied 30 Jan 2013

Hi Flora

Since this is your first property as a S'pore citizen you need only pay the standard 3%(minus $5400 for property values above $360,000)buyer's stamp duty.
Please contact me (+65-97303138 ) or email me margaretchua21@gmail.com should you need further information.

Regards
Margaret
R046687I
District 65 Pte Ltd Read More

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Mike Lim · Answer 2 · 2013-01-31T10:28:46+08:00

Mike Lim

Replied 31 Jan 2013

Morning Flora,

Being SC with no existing property ownership in Singapore, you are only liable for the standard stamp duty. However, do note that you have to hold onto your unit for at least 4 years prior selling it to avoid incurring Seller Stamp Duty. As for loan aspect, you can get loan from ANZ, with your payslip.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
96929209
ERA Read More