Asked by Anonymous
Other than having to pay SSD, is the proceeds for enbloc sales better than individual open market sales?
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3 Answers
Dear sir/madam,
SSD is applicable when the apartment is sold within 3 or 4 years from purchase. The mechanisim of sale through open market is vastly different from collective sales, since developer has already worked their sums to look into redevelopment works for profit, thus making offers which can be potentially higher than an individual sale. There is occasion where enbloc sales launched recently did not manage to secure a buyer too.
Weigh out your options and plans accordingly before making any decisions.
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Geryl LIM
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SSD is applicable when the apartment is sold within 3 or 4 years from purchase. The mechanisim of sale through open market is vastly different from collective sales, since developer has already worked their sums to look into redevelopment works for profit, thus making offers which can be potentially higher than an individual sale. There is occasion where enbloc sales launched recently did not manage to secure a buyer too.
Weigh out your options and plans accordingly before making any decisions.
We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com
G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
Hi,
I'm not sure if you have the right understanding on SSD, because if you're subjected to SSD, you will be liable to pay the SSD be it the property being sold at enbloc or in the open market.
SSD term is now 3 years, which means you will be subjected to SSD should you dispose off your property within 3 years of your purchase. For 1st year, SSD will be 12%, 2nd year at 8%, and 3rd year at 4%. You will not be liable for SSD if you had held the property for more than 3 years. This applies for both property sold in enbloc or in the resale market.
Should you need any 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 and your family in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
I'm not sure if you have the right understanding on SSD, because if you're subjected to SSD, you will be liable to pay the SSD be it the property being sold at enbloc or in the open market.
SSD term is now 3 years, which means you will be subjected to SSD should you dispose off your property within 3 years of your purchase. For 1st year, SSD will be 12%, 2nd year at 8%, and 3rd year at 4%. You will not be liable for SSD if you had held the property for more than 3 years. This applies for both property sold in enbloc or in the resale market.
Should you need any 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 and your family in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More