Good morning Sir/ Mdm,
Let me assist you with your query.
1) If SC has fulfilled minimum occupation period, he is eligible to purchase a second residential property. The stamp duties payable will be buyer's stamp duty (3% - $5400) + additional buyer's stamp duty of 7%.
If he still have outstanding loan, the max loan eligible will be 50%. If he uses CPF OA funds in current HDB, he has to set aside basic retirement sum of $80.5k in CPF OA + SA first before he can use the excess CPF OA fund for the purchase.
2) If SPR is purchasing his first private residential property, stamp duty payable will be buyer's stamp duty (3% - $5400) + 5% additional buyer's stamp duty.
3) tenant will only have to pay their own representative. Landlord's agent will get his share from his landlord but it will be good to clarify first before proceeding with the viewing.
Hope my explanation helps!
Care to share what's in your mind so perhaps I will be in a better position to advise and assist you further.
Hear from you soon!
- Your Leasehold Ally, Freehold Tactician -
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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
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