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Good Morning,
1. You don't need to pay ABSD as you already owned this condo.
2. Yes, you can rent it out your condo. Only HDB you hold or rent as whole if you renounce your PR.
For renting out condo, the property tax will be 10% of annual value.

Hope it helps! You can call me 83994266  Sunny Cai if you want to know more.

Thank you and stay safe and healthy! Read More

Hi,

You need not pay higher ABSD once you become foreigner status as ABSD is only calculated and payable at point of purchase.

Yes you can keep and rent out the condo. For non owner occupied residential property, the property tax is higher at 10% of Annual Value.

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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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi,

I'm pleased to inform you that you need not pay any extra ABSD for your existing condo, since you already own it.

You are also eligible to keep and rent out your condo while you're not in Singapore. There is no additional tax as Stamp Duty is usually borne by the Tenant. You may incur higher property tax rate (10% for residential property) though, as it is deemed to be a "non-owner occupied" property.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

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

Hi

You have paid your ABSD when you purchase condominium.

You may let out your condominium as a foreign owner. You may text 9620 0827  for a casual chat. We can share with you how we have help "absentee landlords" ie landlord who is not residing in Singapore rent out their condominium.

As an investment property, you will be on a progressive property tax rate which you pay annually.

Gavin Read More

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, could I have more info of your Condo unit so that I can find out about the unit rental value on your behalf alright? And for your case, no worries as you could keep your private property to rent it out and need not sell it even though you renounce the PRship.

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

Hi
No you do not have a pay the additional ABSD although non occupier property tax rate of 10% applies if you decide to rent out your condo unit. The non occupier tax rate is based on your unit annual value of your unit (based on how much rent your unit can fetch in the open market). There is no restriction for foreigners renting out their. I would like to assist you on your plans order for you to move out smoothly and at the same time ensuring your property in Singapore is taken care off. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,
You do not have to pay ABSD & you can rent out your condo.
Feel free to contact me if you need further assistance.
I can be contacted @97100155
https://wa.me/6597100155
Pei Propnex Read More

Dear Sir/Mdm,

There is no need to pay any ABSD if you let go of your PR status. It is important to find a reliable salesperson to assist you to manage the property while you are away.

Please feel free to contact me so that I can provide you with further assistance and share with you how I assist my clients to manage their properties while they are overseas.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
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I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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Testimonial from Satisfied Clients

“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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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.”
Susana (Buyer) Read More

Greetings from Ohmyhome Realtors.

We are able to assist you on this matter.

For more information, kindly contact us at 68869009  or WhatsApp us at 97551009  .

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More

Good afternoon!

You will not need to pay ABSD as you already own the property. Yes you can rent out the property. However do note that you will have to pay a higher property tax (10%) as this is the rate for non-owner occupied units. You may contact me and I will assist to calculate the Property Tax for you, so that you are aware.

At the same time, you will need a reliable and experienced agent to manage your property for you. I am assisting many of my overseas clients to manage their property portfolio. It ranges from finding a new tenant each time the tenancy ends, managing the tenancy to ensure that the property is well taken care of, tending to any repairs/issues and much more. It is very important to have someone well-versed with managing your property so that you won't have to worry.

You may contact me to get more information and discuss further. I am contactable at +65 91708295  or by Whatsapp at https://wa.me/6591708295

I look forward to assisting you!

Bhavina K
ERA Realty Read More

Good evening Sir/ Mdm,

Not to worry on it. Stamp duty is payable upon exercise of sales and purchase agreement or option to purchase.

IRAS will not charge you further ABSD if you renounce your SPR.

Furthermore be it you are a singaporean, SPR or foreigner, you will still be subject to non occupier property tax of 10%. Fair across the board.

Hope my sharing aids in clearing your doubts.

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

#staysafe

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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