Fret not about the confusion. We are here to assist consumers like yourself to find the right answers to your doubts, understanding that the slew of measures that the government has introduced would be confusing to you who do not deal with real estate daily.
What my fellow colleague YT has mentioned in right. The terminology reflected as 1st property simply indicates the number of property you are holding on to concurrently and not the order of the property which you have owned before.
As a Singapore Permanent Resident, you are subjected to 5% (ABSD) + 3% (Normal buyer stamp duty) for the purchase of next property, if you are looking to sell your current property.
To sell and purchase requires proper planning as I am sure you do not wish to end up having no roof overhead during the transition. Engage someone who has experience in this type of transaction to assist to avoid hiccups.
Let me know how I may assist you further.
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
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