About 11 years ago – I was assisting clients to sell their private properties. The property market was buoyant with soaring prices. Both local and foreign Investors back then regarded Singapore property as a safe haven. They were flooding the property market. You are able to invest 2 or more properties without having to incur additional buying stamp duty (ABSD) You just needed to be a guarantor and show the banks the available funds to qualify for a mortgage loan. In those days – you Read More
2018 cooling measures
Why Paying ABSD Maybe A Wise Decision
“You are a property agent! Of course you will say paying the Additional Buyer Stamp Duty (ABSD) is not a bad idea!” The above must be the thoughts running through your head. Yes, I am a property agent. But for the second part – let me illustrate to you why paying ABSD is not such a bad idea. Now, ABSD is very important and relevant only when you plan to buy a 2nd, 3rd, 4th property in Singapore. It is not applicable if you are Read More