AskGuru Q&A Community

Hi,

If your holding period for condo is more than 4 years, there are no stamp duties payable. Penalty fee for early termination of bank loan depends on the terms & conditions of the bank package that you signed up with. Thanks and hope to assist with your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon seller,

Care to share when was the purchase date of this property?

Do take note that if you sell it within 4 years of ownership, you will be subject to seller's stamp duty as per sch:

1) within 1 year -16%
2) within 1 to 2nd year - 12%
3) within 2 to 3rd year - 8%
4) within 3 to 4th year - 4%

Other expenses will be:

1) $2.5k legal fee
2) 2% agent's commission

Hope my explanation helps!

Probably you can share with me your intention to sell and more information so I will be in a better position to advise and assist you further.

Hear from you soon!

Have a great and enjoyable holidays ahead!

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi

You may Call 9620 0827  or email to gavin.ng@orangetee.com.

We will assist you with the financial calculation.

Regards

Gavin Read More

Hi, perhaps you could furnish me with more info about your unit details, so that I could searched and do a more detail check about whether are you liable for seller stamp duty if you will to sell off your unit now. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,
To advise you more accurately, I would required more details of your property.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good day sir / madam

Stamp duty is payable if selling a property below 4 years ago , on a staggered rate ranging from 4% - 16% .

On the same note , no stamp duty is payable if property is more than 4 years old .

Other costs .
Legal fees approx 2k onwards .
Bank penalty if any ,please check details in your loan contract .

My charges are 1% comm for exclusive selling rights to your property or 2% for open listing .

Kindly contact me for a no obligations chat .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Good day sir / madam

Sellers Stamp duty SSD is payable if selling a property bought below 4 years ago , SSD is on a staggered rate ranging from 4% - 16% .

On the same note , no stamp duty is payable if property is more than 4 years old .

Other costs .
Legal fees approx 2k onwards .
Bank penalty if any ,please check details in your loan contract .

My charges are 1% comm for exclusive selling rights to your property or 2% for open listing .

Kindly contact me for a no obligations chat .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Sell your condo after 4 years to avoid paying penalty, if I were you. At most try to rent it out and drag till 4 years then sell. It is only sensible that way. Read More