AskGuru Q&A Community

Hi Mr Tan,

ABSD for 2nd property for Singaporeans is 7%, and for 3rd property 10%. Standard BSD of 3% applies, and SSD if your holding period is less than 4 years. Hence I'd suggest that you sell you private property before proceeding to buy the next one.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi Mr. Tan,

If you are SC going for your 3rd property, your total stamp duties will be approx 13% of purchase price. It will be ideal to dispose the current pte property first, as then you will be only having 1 property count and going for 2nd property. The total stamp duties in that case will be approx 10%. Since you have decided to sell the pte property, with current slower market sentiment, it is also better to secure a buyer first.

Thanks and may I understand your requirements further so to make better recommendations? Look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials) Read More

Afternoon Mr. Tan,

As SC buying 3rd Property, ABSD payable will be 10%. But if you choose to sell one of your property first, ABSD payable will be 7% instead. As for other financial aspect, do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hello Mr Tan,

You would need to pay BSD & ABSD for your next purchase, however it will be more advisable to sell your current private property if you already have the intention of selling it so as to save on the stamp duties.

Please feel free to give me a call or we could meet up for a coffee for a non-obligatory discussion. Coffee's on me! :D

Cheers,
Sophia Ng
 9225 4321  Read More

Hi Mr Tan,

The Additional Buyer Stamp Duty will be 10% while the normal stamp duty will be slightly less than 3%. I would advise my clients in similar situation with you to time the sales and purchase carefully so that you will be able to qualify for the lower tier of stamp duty which is 7% + 3%. It will be a significant savings of about 3%.

Please feel free to contact me so that I can better understand your situation and provide you with further guidance and assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

Remission will be applied if you intend to buy 3rd property then sell off another property. What your plan and project in mind, will give my recommendations accordingly.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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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