Asked by Newbie
Hi,
In terms of the Seller Stamp Duty, I read it as "4 years lock-in" period, if buyer wish to sell their property, they have to pay between 16 - 4% stamp duty.
Would this rule apply to all condos ie new development & existing?
If yes - if I'm looking at NV Residence which I was told 100% sold, does this means there won't be any units on resale most likely after this due to the heavy tax %?
In terms of the Seller Stamp Duty, I read it as "4 years lock-in" period, if buyer wish to sell their property, they have to pay between 16 - 4% stamp duty.
Would this rule apply to all condos ie new development & existing?
If yes - if I'm looking at NV Residence which I was told 100% sold, does this means there won't be any units on resale most likely after this due to the heavy tax %?
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