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I put down a booking fee for a condo at Archipelago a few days before the stamp duty increase announcement. I am seriously considering pulling out and lose the 25% booking fee. I think the price drop in the next few months will be more than the money that I am going to lose now. Any advice?
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2 Answers

Mike Lim
Replied
Afternoon Jack,

You hit the right note by getting to buy before the new ruling. And with the seller's stamp duty, it makes zero sense to sell your unit within the next 3 to 4 years. Unless you foresee that the property market to crash for a period longer than that, it still make sense to hold onto it. You know your own income status and holding power. Your salesperson would also be able prudent and sound advise.

All the best.

Regards
Mike Lim
 96929209 
ERA Read More
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Landon Chew
Replied
Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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