Successful Transactions
Upgrading - Resale HDB to Resale HDB
Mr and Mrs Won's family had grown in size. They needed a bigger space to accommodate to their growing kids. They upgraded from a 4room flat to an Executive Mansionette HDB.
Upgrading - Resale HDB to BTO HDB
Mr Chua has applied for a new BTO from HDB. He wants to sell his current resale flat and transit to his new BTO flat seamlessly without having to shift twice.
Decoupling - 1 Private Property to 2 Private Properties
Mr & Mrs Kok wanted to upgrade from their 3 bedrooms condo to a 4 bedroom but changed their plans to buy 2 properties instead of buying 1.
Upgrading - HDB BTO to Resale Private Condo
Mr & Mrs Sim wanted to upgrade from their 5rm HDB to a resale condo to upgrade their lifestyle and also nearer to their children's schools.
Will this be your first property?
This is a question i will ask my buyers as i need to know what are their goals and what are the fees that will affect them such as Stamp Duties, Additional Buyer Stamp Duties, Seller Stamp Duties etc.
Types of Nationalities also plays an important role as Singapore Citizens, Permanent Residents(PRs) and Foreigners pay different amount of stamp duties.
First Property
First Property Buyers pay a Stamp Duty of between 3-5%, depending on the Purchase amount. Click on the link below for the tax rates.
Second Property for Investment
Buyers who intend to buy a 2nd property or more have to consider the MSR (Mortgage Servicing Ratio) in mind and how much can they borrow from the banks and how much CPF can be utilised.
Foreigners Buying Properties in Singapore
If you are a foreigner and intend to invest in a property in Singapore, you have to check what type of properties you are eligible to buy and what type of Stamp Duty is applicable.