3 Answers

Ivan Ng
Replied
Hi Kev,

The ABSD is only payable at point of purchase and according to the purchaser profile then. If in the future you decide not to renew your SPR status, you need not "pay back" the difference. Its works both ways, if you decide to convert to SC later, you can't claim for a lower rate either. It is not retroactive.

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
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Robbie Chen Chee Howe
Replied
Hi,

ABSD is a stamp duty, and is payable one-time upon the date of purchase. If upon purchase you are a PR, you will only be liable to pay 5% ABSD. It does not matter anymore after that.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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YT Tan (陈永达)
Replied
Good evening Kev,

Not to worry. Payment of stamp duties is a one time payment. Even if you lose your SPR status in future, you dont have to top up the 10% stamp duties.

Hope my explanation helps!

May I know how can I value add further in your property purchase?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

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 
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