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I am a Singapore Citizen and I am planning to purchase a private property with my sibling, who is a Singapore PR. Based on the new stamp duty regulations, PRs will attract an ABSD of 5% of the property price. My question is, for example, if the purchase price of the property is S$1M, will be ABSD be applied on my sibling's portion of property (i.e. S$500K), or will it be applied on the whole value of the property of S$1M?
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2 Answers

Mike Lim
Replied
Afternoon,

ABSD is applicable to the purchase price. If it's based on share percentile, then all buyers will put PR buyer with 1% ownership, which will make the ABSD look like an white elephant, right?

Regards
Mike Lim
 96929209 
ERA Read More
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Aaron Chong
Replied
Hi Lee

It is based on the sale price as what Mike had mentioned. In this scenario, ABSD will be 5% as your sibling is a P.R. buying as the first property. Cheers!

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