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Hi I am a SPR and I want to buy a condo. Is there any way I can just pay the normal stamp duty without paying ABSD legally? I am told there is a way out and I can remain as a PR and not converting to Singapore citizen.
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5 Answers

Hi Terence,

Unfortunately no, if you are purchasing 1st property on sole name as SPR, ABSD of 5% is payable and theres no workaround.
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)
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SMU BBM (Finance), Magna Cum Laude

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Hi,

Sorry but ABSD will be liable.
Perhaps we could speak further so that I can understand your requirements and finances on hands to conduct the financial progressive payments and succinctly shortlist units for your consideration.

To add, there is no agent fees involved and I will walk you through the entire procedural framework of purchase- shortlisting of units, negotiation, paperwork, market insights report, comprehensive customized sales/rental report, latest up to date transaction caveats in chosen project and handling all legal coordination and admin matters. My service and consultation comes at no cost , and your interest is protected at every step.

D Kumar
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ERA Associate Division Director
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Hi Terrence,

Nothing is certain except death and taxes :). Unfortunately, there is no way to avoid paying ABSD unless you convert to a Singaporean.

There are many buyers today who are paying ABSD just to purchase another property. Please feel free to contact me so that I can share with you more on their rationale and logic.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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.”
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“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.”
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Hi Terence,

I am very curious who have told you that you can avoid the ABSD and how you can do so. If the above information comes from a RES, I would certainly like some clarifications on how is this achievable. We are learning new things daily and I'd love to find out more.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
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Global Alliance Property (L3010679B) - Century 21
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YT Tan (陈永达)
Good morning Terence,

You are able to pay normal buyer's stamp duty as SPR if you purchase with a married Singaporean spouse as IRAS will treat it as your matrimonial home.

But if you intent to purchase as a single SPR, 5% ABSD will still be applicable.

May I know how can I assist you 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 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More
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