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Hi, for a PR, the buyer stamp duty for the 2nd property is at 13%. I would suggest that you wait till the enbloc process to be over and then you purchase the next. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
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Hi there ,

Thank you for your query.
In my opinion, you should wait for the enbloc process to get over with , and then focus on your purchase. The intricacies of this process has to be well understood. Meantime, if you would like , you could keep in touch for any advise / assistance in this regards. I would be glad to clear any doubts. And run you through any additional key info - etc finances calculations / timeline planning for your next purchase.

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Hi,

To avoid complications, you should wait for the en bloc process to formally complete and purchase only after completion. Typically, the developer will only require residents to move out some time after the legal completion, which gives the residents some time to find a replacement property.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng ERA ASAP
(ASk Anything Property)
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Good evening Sir/ Mdm,

May I know which en bloc stage is your project at right now?

Usually when an en bloc tender is awarded to a developer, you wont be hit by the ABSD.

If your project's en bloc is subject to STB approval, I will strongly advise you to purchase a property after it. By doing so, you most likely wont be hit by ABSD as STB approves the en bloc.

We can hunt for a replacement unit thereafter if you dont need the funds from en bloc to proceed further during legal completion.

Hope my sharing aids in clearing your doubts. Care to share more about your current situation so I will be in a better position to advise you further?

Note: SPR will be hit by 10% ABSD + 3 to 4% buyer's stamp duty for 2nd residential property purchase.

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