3 Answers

askguru expert
Hi Mr YH Lim, thanks for writing to us on AskGuru.

You will be subjected to a Buyer's Stamp Duty (BSD) and an Additional Buyer's Stamp Duty (ABSD) of 12% for your second property purchase.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Aaron Chong
Hi YH,

Yes there be stamp duty fee as well as legal fee in your case.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg
Robbie Chen Chee Howe
Hi Sir,

Yes, there will be stamp duty involved for all transfer of shares.

The amount of stamp duties is dependent on the share amount being transferred, the Citizenship status, and the number of properties currently held.

Lastly, apart from Buyer Stamp Duty (and ABSD), Seller Stamp Duty may be applicable as well if the property is purchased less than 3 years ago.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty