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
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(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

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

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“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.”
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