Asked by
Hi,

My husband and me are both Singapore citizen. We own a HDB 5 rm flat that are fully paid. We are interested to invest a 2nd private condominium.

I would like to find out whether we need to pay the additional buyer stamp duty 7% for the 2nd property if we do not have any outstanding loan for our 1st property.

Regard
Denise
0
1138 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

5 Answers

Morning Denise,

Since you and your spouse are SC, your second property purchase will incur 7% ABSD, on top of the BSD. With the fact that your current unit is filly paid, you should be able to obtain 80% loan if your Total Debt Repayment Ration is good.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
KB Chong (章建茗)
It will be more prudent, in your case, to work out a rough estimate of your financial position. You can visit any of the showflat and I will arrange for a banker to discuss the financials with you. This includes the absd, the Cpf that you can utilized, the lawyers and any other miscellaneous costs. That way, you can decide for yourself a comfortable budget for the new investment and I will provide u with a list of resale / projects that fits your investment portfolio.

Do feel free to contact me at 81824811  for a rough discussion. Friendly agent with no obligation to purchase. Read More
0
Hi Denise,

The AsBD 7+ 3% need to pay for 2nd property. And you can get 80% bank loan for 2nd property.

Feel free to call me for any queries or assistance.

Thanks;
Ken yew
 96860729  Read More
0
Hi Denise

Yes, ABSD payable is 7%. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh Z H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions