9 Answers

askguru expert
Hi Anonymous, thanks for writing to us on AskGuru.

Yes, you may do so as there are no restrictions imposed in the private property market.

However, you will be subjected to a Seller's Stamp Duty (SSD) if the property is less than 3 years from the TOP. There is no SSD, if it is more than 3 years. You may refer to IRAS's link here: https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Selling-or-Disposing-Property/Seller-s-Stamp-Duty--SSD--for-Residential-Property/

You will also be subjected to a Buyer's Stamp Duty (BSD) of up to 3%. You may refer to IRAS's link here: https://www.iras.gov.sg/IRASHome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Buyer-s-Stamp-Duty--BSD-/

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

0

Ivan Ng
Hi,

Yes you can do that but do note to sell after the 3 years holding period so to avoid the SSD. Also, the smaller unit owner may sell it to you at a higher price than what he/she got from Developer.

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 Realtor
ERA Senior Marketing Director
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After a week of Read More

0

Bhavina Kaur
Good afternoon!

Yes you can definitely do that. It's actually quite common for owners to sell their property upon TOP, and buy a smaller/bigger unit within the same development which suits their needs at that point.

However do note to sell your property only after the 3 year holding period to avoid Seller Stamp Duty.

If you have any other Real Estate enquiries, feel free to contact me any time. Have a nice day!

Bhavina Kaur
+65 91708295
Whatsapp: wa.me/6591708295 Read More

0

Aaron Chong
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, there is no issue and no implication at all in your case.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

0

Mark Ng S W
Hi do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

0

Alan Sng
HI,

What good about private property is you are not restricted by the time. You definitely can sell upon TOP but will incur seller stamp duty if you sell within the 3 years. When does the 3 years start from? This is very important as it will determine when you will not incur the selling stamp duty.

I am curious what is your plan to buy another unit within the same development. Is it really worth it as the price will have increase after TOP and you might end up losing money.

Thus, maybe we can discuss further so i can understand more about this?

Thanks!

Alan Sng
PropNex
92707548 Read More

0

Robbie Chen Chee Howe
Hi,

Yes, why not? There are no restrictions to forbid you to sell and buy within the same development.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require 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

0

Silvia Yang
Hi Sir/Madam

I will need more information to be able to advise you
I will be glad to assist finding the right buyer as well
I am currently serving investors who are looking to buy private property, hopefully can match with your unit

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

0

Taufik Hussein
Hi

Yes there is no restrctions in doing so. Do contact me at 93375051 for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

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