Good evening Paul, If you are a HDB owner, you have to fulfill the minimum occupation period before you are eligible to purchase a private property. If your agent who represent you will take commission either from buyer's agent (resale) or developer's agent (new launch) so you won't have to worry about this. There will be an estimated 3% buyer's stamp duty for property purchase and there will be an additional buyer's stamp duty in accordance to your residency status. Singapore citizen: 7%. As for seller's stamp duty, you will need to hold the property for at least 4 years so you won't be liable for it. If not, it will be 16% for 1st year, 12%, 8% and 4%. Lawyer fees normally will be around $3k. If you need any clarification or more information about purchasing an investment property, feel free to contact me. Hope to hear from you soon! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com
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