Tag: ABSD

Asian and white couple

How does the ABSD affect home purchases by SC/PR or SC/Foreigner buyers?

Buying property can be daunting and complicated, especially if it’s your first time. On the finances side, it’s not just the home loan that you need to take note of. There are also other (often hidden) things to take into account, such as the stamp duty and property tax. For Singaporeans, if it’s their first…

Kid getting house keys

What you need to know about the new ABSD (Trust): 35% rate + conditions for remission

35% Additional Buyer’s Stamp Duty (ABSD) will now apply for any transfer of residential property into a living trust from 9 May onwards, as announced by the Ministry of Finance late on 8 May. Previously, the Buyer’s Stamp Duty (BSD) was payable for the transfer. Depending on the profile of the beneficiary, ABSD might also…

Dual-key condo: Analysing the pros and cons

Dual-key condo units first hit the market with the launch of Caspian by Frasers Centrepoint Homes back in 2009. Since then, developers have caught on, launching numerous projects across Singapore that feature dual-key units. Some new launch condo projects featuring dual-key units include Parc Clematis, La Mariposa and Piccadilly Grand. With dual-key units, owners essentially…

2021 ECs on Singapore Map 2

Why it’s more attractive to buy an EC post cooling measures

For most of us, upgrading to a condo is the ultimate property goal. However, given the cooling measures announced last December, many may find that doing so may not be as financially viable. Measures announced include raising the Additional Buyer’s Stamp Duty (ABSD) for Singaporeans buying a second property from 12% to 17%. The Total…

vicki zhao huang youlong ardmore park condo penthouse

REVEALED: How Vicki Zhao’s husband bought his $28 million Ardmore Park penthouse

You might have heard that Huang Youlong—the billionaire husband of actress Vicki Zhao—forked out nearly $28 million for a mega-penthouse at Ardmore Park in April 2020. Although the transaction raised eyebrows mostly for it happening in the middle of the Covid-19 pandemic, 99.co found out that, from a property standpoint, there are more dramatic details…

Cooling measures announced – ABSD, TDSR and LTV – effective from midnight 16 December 2021

UPDATE: 99.co’s affordability calculators are updated in accordance to Dec 2021 Cooling Measures! The government has announced a package of cooling measures for private residential and HDB resale markets effective from midnight 16 December 2021. The announcement follows the government’s close monitoring of the property market for several quarters. The private residential and HDB resale…

Kid getting house keys

Buying properties in trust – What does it mean for property owners with children in light of the cooling measures?

Some people purchase properties to live in, while others buy them as investment pieces. For the latter, they usually have to contend with taxes and duties such as Additional Buyer’s Stamp Duty (ABSD).  Mid-December 2021, the government announced a slew of cooling measures intended to dampen the exuberance in the property market.  Measures include ABSD increases…

property-conveyancing-singapore

Property Conveyancing in Singapore: What You Need to Know

Conveyancing is the transfer of legal ownership of property from one person to another. While buying a property is an exciting — and expensive — decision, home buyers in Singapore must ensure that they devote sufficient attention to what’s no doubt the drier aspects of it: maintenance fees (for condos), property tax, stamp duty and the conveyancing process. Once you have decided…

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