What is the stamp duty on commercial property, can foreigners purchase the property
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For commercial properties, the only applicable stamp duty is 3% (Buyer's Stamp Duty). For certain purchases from organisations which is GST registered, you will then be required to pay 7% GST for the purchase to proceed. I do have a commercial shophouse for sale which is in the range of $10m without any GST involved. It is a freehold conservation shophouse in East Coast and the rental prospects are excellent in the location. Are you keen to explore further?
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