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Hi Roger,do contact me at 97970200  to discuss more

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MCG Read More

Hi Roger

Residential Property Tax is usually paid in advance. You will reimburse them on a prorated basis from the completion date.

I suggest you engage an agent to assist you as the commission is generally not payable on the purchase.
You can then leverage on the agent knowledge and experience for free.

You may write to gavin.ng@orangetee.com or call 9620 0827  should you need assistance.

Regards Gavin Read More

Hi Roger,

Typically the buyer has to refund the pro-rated unused resident rate property tax (higher) amount that seller has paid for the whole year. Depending on the Annual Value for the property, the difference can be significant.

This is where an agent can value add to the purchase, as there are some unforseen situations that may end up being disadvantageous to the buyer.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Hi sir.

Thank you for your query.
As my esteemed colleagues have addressed your concerns , the tax rates will be refunded on a pro rated basis upon the completion of the transaction. As private property purchase does not warrant any agent fees, you might want to engage a specialist to guide you and value add your transaction.

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Hi Roger, for the tax rate that is refunded back to the seller on a pro rated basis, all these will be sort out by your lawyer and you will given a statement as well including the management fee issue.

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

Good evening,

Let me help you on this.

A property owner will have to pay an annual property tax early in the year.

Therefore if he sells it to a buyer, buyer will pay him pro rated property tax to seller.

Example,

seller pays for whole of 2018. Buyer completes purchase on 1/7/2018. Therefore buyer has to pay seller pro rated property tax from 1/7/2018 to 31/12/2018.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

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Propnex Realty Pte Ltd

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Hi Roger

I have replied to your query a few days ago.

Just to follow up, is there anything further we could assist.

If you are buying a private condo, do note that you will not be paying any commission to your representing agent. However, you can leverage on his experience.

You may write to gavin.ng@orangetee.com for any further question.

Regards

Gavin Read More