AskGuru Q&A Community

Hi Mr. Yeo,

It is 25% ABSD for entities on top of the usual buyers stamp duty. GST is not applicable for purchase of residential properties. Practically speaking it is very unusual find anyone using company vehicle to purchase residential property due to the high upfront costs and low loan to value ratios.

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.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

HI,

The ABSD for a company purchasing a property will be 25%. In addition to this, the Loan to value ratio is very low which is at 15%.

Could it be that you are looking at the prospect of purchasing a property but worried about the ABSD.

Feel free to contact me at 92707548  to discuss further and see what we can do.

Thanks!

Alan Sng
PropNex Read More

Hi Mr Yeo,

The Additional Buyer Stamp Duty (ABSD) for buying a residential property under a company is hefty at 25% of the purchase price. It will not make any financial sense buying under a company.

Please feel free to contact me so that I can understand your objectives and requirements better so that I can better structure your purchase. I am also available for discussion on Zoom during this circuit breaker period.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Greetings from Ohmyhome Realtors.

ABSD for Company purchase of residential properties is 25% of purchase price and residential properties do not have GST.

Should you need further assistance, kindly contact us at 68869009  or WhatsApp us at 97551009  .

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More

Hi Mr Yeo, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr Yeo, your total stamp duty is 29% with no GST. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Good morning Poh Seng,

typical stamp duty is around 3 to 4% depending on the value of the purchase.

While additional buyer's stamp duty applicable for company is 25% which means you will be subject up to 29% of the purchase cost.

GST is applicable if you are purchasing from a GST registered company.

By the way, will you be thinking of taking loan? Do take note that loan to value is only 15%. which means you need to come out 85% of the value (hard cash no CPF) plus 29% stamp duties.

I personally feel that it doesnt make much sense to buy a property under company unless you have other reasons on mind.

By the way care to share why do you have this thought of getting a property under company name?

#staysafe

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
Quick link to whataspp: https://bit.ly/WAaskguru
(E): yt.tan91115171@gmail.com
(W): www.yttan.com

Follow me on:

IG: instagram.com/ytpropnex
FB: https://www.fb.com/yttanassetprogressor

-> Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack

Creative marketing (copy and paste URL) :
1) https://www.facebook.com/watch/?v=395750131215921
2) https://www.facebook.com/watch/?v=290515518310711

"Build Legacy, Comfortable Retirement"

*Transforming my clients' lives*
*Wont let your hard earned money to go into waste*
*Let your money works harder for you*

#sgrealestate #realestate #sg #sgproperty #property #privatehousing #landed #condo #apartment #publichousing #hdb #propnex #png #lawrenceteodivision #yttanassociates

Accolades:

Propnex Annual Convention 2019 - Top 3% individual producers
3rd Quarter 2018 - Top 2% individual producers
July 2018 - Top 1% individual producers
2nd Quarter 2018 - Top 3% individual producers
1st Quarter 2018 - Top 3% individual producers Read More

Buyer stamp duty (BSD) 4%-15400
ABSD - 25%
Down payment- 85% cash, no CPF.
Bank loan only 15%
Try to find the other way to avoid ABSD and to increase loan amount, contact me for further details.

Regards,
Jonny Wang - ERA
 97258060  Read More