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If I buy a 2nd property that TOP in year 2020, when will the BSD and ABSD due? If there the possibility that ABSD will be uplifted or reduced? Is there a one bed room unit for Gem Residence that is less than 600K, ideal for investment?
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4 Answers

Hi,

The stamp duties (BSD+ABSD) will be payable within 14 days of exercising S&P, hence its within 8 weeks of booking unit. The government has repeatedly mentioned it is premature to revise any cooling measures. Gem Residences 1 bedroom units are fully sold, you might want to consider other projects? Thanks and look forward to value-add to your housing plans.

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Ivan Ng ERA ASAP
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Hi investor,

BSD & ABSD will be payable very soon after you sign the S&P agreement, hence any future changes wouldn't affect you; if you're looking for an investment, you shouldn't get a development that's going to TOP much later, as your funds will be locked in in the meantime - I can recommend you a great development that's going to TOP next year, with few remaining 1-bedroom units going for around $700k; I also have a freehold 1-bedroom unit that's tenanted going for a similar price, and that would give you immediate rental yield.

Feel free to contact me for further discussion should you be interested.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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YT Tan (陈永达)
Good evening investor,

stamp duties are payable within 2 weeks from exercise of sales and purchase agreement.

Dont think these cooling measure will be removed soon as there isnt much decline in the property prices.

By the way, last 1 bedder in Gem is looking at $775k. Care to share why are you looking at Gem?

If you are looking at investment that is below $600k, you might want to consider Lake Grande that is starting from $5xxk.

I will love to share why this could be a good investment with potential upside.

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
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Propnex Realty Pte Ltd
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GAN ENG JOO ONASSIS
Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

Will not recommend GEM Residence, u likely have a shocked of the maintenance fee upon the project TOP passed 1 years.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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