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Hi Ms Tang YU,

There isn't much difference between the 2 projects which you have identified except that the age of the project is about 5 years different.

Location wise both have its individual pros and cons, and is usually subjected to individual's perception. Your additional stamp duties will depend on your resident status here in Singapore as well as the number of residential properties you are holding.

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/Additional-Buyer-s-Stamp-Duty--ABSD-/

You can refer to the applicable stamp duties from the link above.

Have you gotten your loans eligibility sorted out or you are planning to pay full in cash for this investment?

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi Mrs Tang, for your case, the stamp duty payable will be at 3 + 7 = 10% if you are a local citizen.

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

Hi Mrs Tang Yu,

If you're a Singapore Citizen, you will need to pay Additional Buyer Stamp Duty (ABSD) of 7%. If you're a PR, it will be 10%. If you're a foreigner, it will be 15%.

I understand you're buying this for investment purpose. But may I ask if is there any reasons why you want to purchase either of the above 2 condos?

If I can propose to you a better investment property than the above 2, will you consider?

Please contact me at my mobile 9748 6305  . I will be happy to share with you what I feel is the best investments you can make in 2016.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good afternoon Mrs Yu,

May I know your residency status?

Your applicable ABSD for second residential property purchase will as such according to your residency status on top of estimated 3% buyer's stamp duty:

1) Singaporean - 7%
2) SPR - 10%
3) foreigner - 15%

Both projects are on par as they located close to each other then we have to assess their age, psf, facitilies etc.

You got to know that as a property age, the maintenance fees will increase.

By the way, I always share with my clients. Usually there wont be much potential upside for resale units where the first few owners have enjoyed the profit unlike new launch where you as a first owner is able to ride on the potential capital appreciation.

Have you ever thinking of getting a new launch where developers are granting discounts? And care to share why these two projects?

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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Hi Ms Tang,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

ABSD for second property except for foreigner.
1) Singaporean 7%
2) Singapore PR 10%
3) Foreigner " 1st property or multiple property 15%"

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com

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