AskGuru Q&A Community

Morning Eswaran,

Since you have had purchase the one bedder 2 years ago, if you were to sell it off today, you will be liable for Seller Stamp duty of around 8%. When you purchase your second property, you will also be liable for ABSD (10% for SPR and 7% for SC) Therefore, I would advise that you reconsider the idea unless you are making at least 25% to 30% profit from the sales of your one bedder.

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

Hi Eswaran, firstly it is impossible that you will be making a loss by selling the one room condo now. But since you do not wish to pay any ABSD, the best option at present is really to keep the one room condo for the original purpose of investment.

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

Hi Mr Eswaran Subbiah,

Can I propose that we arrange for a non-obligatory meetup session so that I can understand more about your needs and to gather more details from you?

A proper calculation will need to be done to be able to advise you further on what are the available options that meet your need.

Do contact me at 93369034  to arrange for a discussion.

Regards,
Kelvin Lin
 93369034 
PropNex Read More

Dear Mr Eswaran,

There is no win all situation in your scenario. This is particularly why the authorities have introduced such measures in place in terms of loan restrictions, stamp duties and etc. such that buyers do not overcommit themselves financially with loans. The interesting thing here is why are you not intending to sell your HDB and 1 bedroom such that your real estate portfolio can be restructured accordingly and perhaps put you in a better position than now?

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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