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Hi, if you sell off the condo before its TOP, chances are you will still incur paying the Seller Stamp Duty. For selling of any private property within 4 years period, seller stamp duty will apply. As for your loan issue, why not let my banker assist you further?

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Selling before condo TOP usually incurs Seller Stamp Duty as it is still within 4 year holding period. Typically, it follows progressive payment mortgage repayments, hence your monthly payments build up and eventually stabilize when TOP. The amount depends on the loan amount and loan tenure you took. Perhaps I can have more details to do a rough estimate?

Thanks and may I assist with your housing plans further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good morning buyer,

Yes you are eligible to sell off your private property before TOP, we call it subsale. But normally this subsale might not be profitable because most likely you will be subject to seller's stamp duty.

Seller's stamp duty: stamp duty a seller has to pay if he doesn't hold the property for at least 4 years and it's a staggering reducing basis. 16% for 1st year, 12% for 2nd year, 8 for 3rd year and 4% for 4th year. Thus I will usually recommend client to hold at least 4 years before they sell.

As for mortgage repayment schedule, it will be best that my banker can advise you on this. May I know how can I get in touch with you?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727 Read More

HI, Yes you can sell the condo before it reaches TOP, however do take note that there would be selling stamp duty imposed. Do drop me an email so that we could correspond further. Thanks and hear from you soon.
Kelvin Chen
ERA
 84282282 
kelvinchen.era@gmail.com Read More

Hi gd day.
let me run through the whole process with you in details.
You are able to sell your property within the first 4 years except you are subject to SSD.
Feel free to reach me via 91442664  for a discussion.
Tricia Tan
www.triciatan.myweb.sg Read More

Hi,

You can sell before TOP, also known in Sub-Sale, however you will be subjected to SSD. I have engaged in subsales and in that context, it is more beneficial for buyers than sellers. If you can, do wait on your property before selling as there is scope for appreciation over years.

As for the loan amount, it depends on your quantum and tenure of loan. Let me link my network of bankers to you to provide you with the competitive and different rates of the banks to choose from?

May I ask which locations are you looking at? There are currently high discounts and firesales in different vicinities which you may wish to take note of to ensure you are leveraging on the right property at the right price.

Let's get in touch at +65 96659926  for me to understand your requirements, expectations and objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which options you can consider.

Do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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