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if i purchase a resale or new condo, i must hold for how long before i can sell it? if i rent out the whole condo, normally tenant will only pay 1 month deposit upfront? if i rent out the whole condo, tenant will pay the PUB bill and maintenance fee?
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8 Answers

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More
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  • LZ
    This property agent may be contacted @ whatsapp hp 88337638  , this agt is v.good
Hi

If you buy a private condominium on or after 11 Mar 17 you are subjected to a Seller Stamp Duty when you sell within the first 3 years regardless of whether its a new or resale unit.

If you rent out the whole condominium, the general practice for security deposit will be 1 month rent for a year lease and 2 months rent for 2 years lease.

Tenant will likely pay for utilities and maintenance will be bore by Landlord.

Having said, do note that these are general practices and may varies with individual leases as everything is negotiable.

Should you have further question, you may write to gavin.ng@orangetee.com

Regards

Gavin Read More
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  • LZ
    This property agent may be contacted @ whatsapp hp 88337638  , this agt is v.good
Hi,

Based on your enquiry, Im assumming that you are considering a purchase for investment and renting out.

If this is the scenario, do take note of the 7%ABSD and 3%BSD.

You need to hold at least 3 years to avoid seller stamp duty.

Another important factor is the financing portion
If you still have outstanding property loan.
2nd loan can only get 50% and 25% cash upfront.

Should you have other questions, please do not hesistate to contact me.

Shawn
 +65 9029 4371 
Www.shawnchew.com Read More
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Good morning,

For private property, it would be good to sell it 3 years later to avoid SSD.
As for rental, depending on the lease period, the tenants can provide landlord with up to 2 months security deposit and 1 month advance rental.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on cases related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most expensive and rewarding decision with ease of mind. Read More
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Hi,

There are 3 questions I read from your query:

(1) Holding period:
Both resale or new condo are private property, thus no laws, rules or regulations to prohibit you from selling.

Only IRAS will impose a Seller Stamp Duty if you sell a real estate (property) within 3 years (12/8/4%).

(2) How much shall a tenant provide as a deposit:
Market practice:
1 month for 1 year lease
2 month for 2 year lease

(3) Fees involved:
Items Tenant has to take care off:
PUB bill / Wi-Fi / Cleaning / Aircon servicing / Maintenance of Electrical appliances.
All the above usually kept at a fixed amount; e.g. $150 & below per item under tenant. Something similar to car insurance access.

Landlord:
Condo maintenance fee (MCST)

It is advisable to provide essential items in a condo for leasing, such as bed, sofa, dining table, chair, washing machine & fridg etc.
Anything less will be under expectation of potential tenant.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
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Dear Sir/Mdm,

For new or resale condo, you will have to hold for at least 3 years before you can sell so as not to incur Seller's Stamp Duty (SSD). However, if the price were to run up, you can sell anytime as long as you are satisfied with the upside gain.

For rental, the amount of security deposit is dependent on the lease period, the market practice is every 1 month rental for 1 year lease. However, some landlord will request for a higher deposit in certain cases.

The maintenance fees will be borne by the owner whereas the tenants pay for the utilities.

Please feel free to contact me so that I can share with you some projects which has good rental returns and most importantly very good upside potential!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More
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Hi Sir/Mdm

Have you purchased the condo?
Please contact me at (65) 96608508  for non-obligation discussion
Thank you.

Warmest regards,

Silvia Yang Read More
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Dear sir/mdm,

How did your purchase go? Have you already purchased a unit or still sitting on the fence? We have attractive options available for your consideration.

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Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

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