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No.It only apply to residential and commercial not affected or call 98212887  jimmy teow c&h Read More

take note of the "residential component" for this shop house.
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Dear Zen,

It is good to hear that you are ready to explore commercial properties. That saves you the additional stamp duties and open up new doors for more investment opportunities.

Have a look at the recent release Q2 Property Price Index and it may help you decide where to put your money.
http://www.ura.gov.sg/pr/graphics/2013/pr13-47a6.pdf

As to your query, if you are buying HDB 2-storey shop, the upper floor is considered a residential component and you are required to pay ABSD for that portion, if this is not your first residential property. If you are buying a single storey HDB, there is no residential component, so no ABSD required.

For commercial property, you have to check if seller is GST-registered. If he is or the developer is selling you a unit, you have to pay for the GST. Some individuals would place their property investments in a holding company.

I hope this helps.

You can contact me at +65 91508006  . I do mostly developers sales and there are commercial shops available out there. Here is an example.
http://www.propertyguru.com.sg/listing/15039299/for-sale-the-promenade-pelikat

Best regards,

Darren Tay
Senior Marketing Consultant
Huttons Asia Pte Ltd
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