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Good morning James,

If you are purchasing second or subsequent residential property in Singapore, you will have to bear ABSD.

Some developers are giving out discount to lessen the financial burden by buyers who need to pay ABSD.

My team and I had assisted numerous clients to restructure and grow their property portfolio with tax savings.

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YT TAN 陈永达 | ACCA Graduate, RES
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Propnex Realty Pte Ltd
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Hi James,

It is not true. ABSD applies to the purchase of your 2nd or more residential properties. As long as you buy a residential property, you will be liable for ABSD. Of course, there are schemes in which developers "absord ABSD", by structuring Commercial properties, on the other hand, are not liable for ABSD.

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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear Buyer,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

No, It is a must to pay ABSD for second property.

Joo Chiat and Geylang Shophouse are considered decent shophouse at median est 2.5m. It will not likely shown much appreciation value as dun much of future development announced till today.

Do not reply to this thread as we will not be alerted to any response posted on this thread. Get in touch with me via email or through my mobile.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Dear buyer,

It is impossible to avoid ABSD, even my prospect who is a senior personnel within the government sector has to pay ABSD. I am unsure where did you receive such misleading information about not needing to pay ABSD. Perhaps, there could be some form of discounts given by developer in order to offset the ABSD, but physical payment is still expected.

For commercial shophouse investment, I have to say, retail line in Singapore is performing extremely badly, therefore definitely not wise to look into such investments if you are looking at rental income.

Let's adjust your expectations and we can discuss further how to utilise your funds available to generate positive returns.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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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
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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