2 Answers

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Latest Singapore New Rulling w.e.f 8th Dec 2011 ,
ABSD (Additional Buyer Stamp Duty)
1) Foreigners:+10% for 1st purchase,
2) PRs:+3% for 2nd purchase
3) S'poreans:+3% for 3rd purchase.

This is on top of usual buyer stamp duty.
Eg: $1M property, foreigners pay SD of $124,600;
PRs (2nd purchase) pay $54,600 &
S'porean (3rd purchase) pay $ 54,600.

More Details, Grab the Last Day to Avoid this New Rulling !!!

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Regards,

Lester Tan (+65) 9101-7777 
e-mail: lestertan7777@gmail.com
Senior Vice President
RE/MAX Singapore
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0
Afternoon,

This would depend on the category of your shophouse. Is it purely commercial or part residential? Did you purchased it under your name or under company's name? There are certain issues that need to be clarified before I can give you the answer.

FYI
Mike Lim
 96929209 
ERA Read More
0
  • KT
    thanks for your reply mike. It is under a company name and it is at this point purely commercial i.e. no one lives in it.

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