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I'm a Singaporean who bought a 2+1 condo on April 2011 in a matured estate and it's due for TOP in Dec 2013. I thought of selling it - do I have to pay the govt ASD? How much should I sell above my purchase price to cover ASD, agent's commission, bank legal fee, etc? How long should I wait before I book another condo (without having to pay more to govt)?
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3 Answers

YT Tan (陈永达)
Good evening! If you hold on to your property till April 2014, your SSD will be 4% of purchase price. Other costs will be: 1) early termination penalty with bank (if any) 2) legal fees $3k 3) 2% sale commission If you are keen to purchase another condo without paying any ABSD, it can be done once your sale OTP has been signed. Hope it helps! If you need any assistance in financial calculation in your property sale, feel free to contact me. (let me know your purchase price, I will check what should be the right price to sell which take into consideration of all the costs) Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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pls send project name and unit number to gcwc@outlook.com and I will reply you with report and calculations. Read More
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You might want to send me more info like the price you bought for your unit. Based on the current info, you will be liable for seller stamp duty of 8% as it is still within the 3rd year from the date of your purchase. You can purchase another private ppty without needing to fork out the additional buyer stamp duty once your buyer exercise the option to purchase your 2+1condo Kelvin Chen 84282282  kelvinchen.era@gmail.com Read More
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