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Mr. Leonard Lee asked on Jun 16, 2017 in Home Buying
Dear gurus, I have recently got my Singapore citizenship approval letter. My fiancee is 1st year SPR. We would like to buy a resale HDB at Punggol / Kallang area. Our current combine income is $9k...
D. Kumar Answered on Jun 16, 2017
Hi, Thank you for your query! Initial cash outlay: Depending on loan : 80/90%, Cash payable : 20/10%, use of CASH AND CPF. Buyer Stamp Duty 3% ABSD PR, Legal Fees & Val Fees 1% Agent Fees...
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Anonymous asked on Jun 16, 2017 in Home Selling
Am I allowed to sell my apartment to a friend at a nominal value of say just $100? What are the implications on stamp duty for both of us?
Ivan Ng Answered on Jun 16, 2017
Hi, Yes BSD of 3% on market valuation of share transferred will be imposed. Also, you will incur SSD if transferred within 3 years of purchase (if bought after 11 march 2017). May I have more...
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Ms. Anna Wong asked on Jun 16, 2017 in HDB Questions
Hi, I am currently below 35. I would like to purchase a HDB with my father. However, my father has purchased HDB before. Does that mean I am no longer given any grants by the government?
Ivan Ng Answered on Jun 16, 2017
Hi Anna, Did your father take subsidy for his purchase previously? If so, he will be considered 2nd timer. For yourself, you will be considered 1st timer, hence still eligible for grant. May I...
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