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Hi Mr. Woo,

Yes the ABSD rate is payable and based on the number of properties owned by purchaser at point of purchase. Hence once you sold 1 then purchase, its considered your 2nd property and ABSD of 7% applies if you are SC.

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)
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/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Good evening Dave,

It would be advisable to sell your property first before you purchase another. This would allow ABSD saving compared to buying first. If you are SC, ABSD payable would be 7% but if you are SPR, ABSD will be 10%.

Do feel free to contact me for further discussion.

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

Good day Mr Dave Woo.

As per your question yes extra stamp duty , ABSD at 7% is payable .

If you want to save the ABSD , you may weigh your options , consider to sell all your properties , subsequently buy property through individual and separate names to avoid ABSD , for example to buy through your spouse or parents etc .

Kindly contact me Joanne Chia handphone 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers.

Joanne Chia.
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day Mr Dave Woo.

As per your question yes extra stamp duty , ABSD at 7% is payable .

If you want to save the ABSD , you may weigh your options , consider to sell all your properties , subsequently buy property through individual and separate names to avoid ABSD , for example to buy through your spouse or parents etc .

Kindly contact me Joanne Chia handphone 8333 3327  for a no obligations chat for your property needs .

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property , or 2% for open listing ( many agents ) .

No commission chargeable when i serve private property buyers.

Thank you .

Joanne Chia.
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

If you're a Singaporean, you will be liable for 7% ABSD for your second property purchase should you sell off one of your properties first before purchasing.

If you purchase before you sell off one of your condo, you will be liable for 10% ABSD, as it will be considered your 3rd property.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Sir,

Singapore Citizen - 7% (if you sell first and buy later)
PR - 10% (if you sell first and buy later)

Are both properties under your name?

Hope it clears your doubts.
Let me know if you need further information.

Thanks.

Raymond Lim
CCN Realty Pte Ltd
 91388805 
MBA/BSc(HONS)
Email: raymondshaq@hotmail.com
Website: ray91388805.blogspot.com Read More

Hi Dave, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi Dave,

Once you secure a buyer for your property and your buyer has exercised the option to purchase, you will only be liable for an additional buyer stamp duty for the 2nd property which is 7% if you are a Singaporean and 10% if you are a SPR. The stamp duty is on the purchase price.

Please feel free to contact me so that I can provide you with further 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 (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“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.”
Mr & Mrs Wong (Property Seller)

“Nick 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)

“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) Read More

Hi,

If you sell your first property and then purchase, it will be considered your 2nd property , hence you're liable for 7% ABSD considering you are Singaporean.

With regards to selling your property in this testing and constantly evolving market, you may wish to consider appointing a professional to handle the entire sales responsibilities. For a nominal fee, what you would get in return is- sincere 100% commitment, succinct coordination of viewings, extreme grip and control on price and avoidance of price wars and ill practices. Sometimes, it is not limited to just arranging viewings or qualifying buyers, but more of a professional who will guide you on your financial sums ( amalgamation of sales proceeds and CPF return) etc, plus handle all the associated paperwork.

In this weak market, you would require an extreme level of professionalism and high knowledge level to help your property attain maximum exposure and yet reap a profitable purchase price. Furthermore, a preliminary non obligatory discussion would allow me to shed some light on my working style and comprehensive marketing strategies to get your unit maximum exposure through the various mediums and more. In addition, it will be best to understand more on the market insights as well as for me to run through the overview procedural framework. The selling process should be expedited on a step by step basis, to ensure no financial liquidity complication and no wrath of regulations. You can always view my website to asses my recent high levels of Awards and Testimonials!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More