Hi Melvin
Yes, you may be eligible for Additional Buyer's Stamp Duty (ABSD) remission when you purchase a second private property after disposing of your first property. The remission is subject to the conditions:
https://www.iras.gov.sg/taxes/stamp-duty/for-property/appeals-refunds-reliefs-and-remissions/common-stamp-duty-remissions-and-reliefs-for-property/remission-of-absd-for-a-married-couple
If you satisfy these conditions, you may apply for ABSD remission and subject to approval
Selling:
1. Steps in selling
- Appoint agent to market your unit, I will be glad to assist on this
- After that I will proceed to market your unit in online portals and propose to buyer on hand.
2. Pricing Strategy
Selling price will be depend on level, facing, condition of unit, etc
Appreciate if you can contact me at
(65) 96608508
with details of your unit so I can advise accordingly
3. I will be glad to assist finding the right buyer
Buying:
1. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
2. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at
(65) 96608508
and I can share the breakdown for this calculation including timeline.
3. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
To check out other project: https://96608508.eraagent.sg/projects
No agent fee from private property buyer
I will be glad to assist, I am well versed in private property and has done many transactions
I hope the above clarifies, please feel free to contact me at
(65) 96608508
so I can explain further
Appreciate if you can contact me at
(65) 96608508
with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile:
(65) 9660 8508
Email: Silviayang8@gmail.com
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