8 Answers

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
Berney Lee Jun Hong
Hi,

Based on your questions, there are certain things you might not know and need to be aware of.

Do contact me so i can share more.

Berney Lee
 9423 0218 
Propnex Read More
1
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
0
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

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0
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

Featured on Council for Estate Agencies (CEA) Newsletter:
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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”

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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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
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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.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
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

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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