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Must See!!
Buyer's Stamp Duty - 12 Jan 2013
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1st Purchase
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2nd Purchase
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3rd Purchase onwards
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Spore Citizens
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(3% on Purchase Price.) – $5400
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[(3% on Purchase Price.) – $5400] + 7% on
Purchase Price.
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[(3% on Purchase Price.) – $5400] + 10% on
Purchase Price.
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PRs
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[(3% on Purchase Price.) – $5400] + 5% on
Purchase Price.
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[(3% on Purchase Price.) – $5400] + 10% on
Purchase Price.
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[(3% on Purchase Price.) – $5400] + 10% on
Purchase Price.
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Foreigners
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[(3% on Purchase Price.) – $5400] + 15% on
Purchase Price.
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[(3% on Purchase Price.) – $5400] + 15% on
Purchase Price.
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[(3% on Purchase Price.) – $5400] + 15% on
Purchase Price.
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Loan To Value - 12 Jan 2013
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1st Housing Loan
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2nd Housing Loan
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3rd Housing Loan onwards
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LTV
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80% if loan tenure max 30 years or
up to the age of 65
60% if loan tenure more than 30 years or beyond the age
of 65
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50% if loan tenure max 30 years or
up to the age of 65
30% if loan tenure more than 30 years or beyond the age
of 65
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40% if loan tenure max 30 years or
up to the age of 65
20% if loan tenure more than 30 years or beyond the age
of 65
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Min cash down payment
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5% (for LTV of 80%)
10% (for LTV of 60%)
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25%
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25%
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* HDB Loan: MSR up to 35% of gross monthly income * Bank Loan: MSR up to 30% of gross montly income
PRs HDB Owner - 12 Jan 2013 - Must Sell HDB Flat within 6 months once purchase private property in Singapore
- Not Allow to subletting whole unit
Seller Stamp Duty (SSD) for Industrial - 12 Jan 2013
- 15% in First year
- 10% in Second year
- 5% in Second year
Seller Stamp Duty (SSD) - 30 Aug 2011
On or after 30 Aug 2010 and disposed of (or sold) within 3 years of acquisition: The amount of SSD for the holding period of 1 year is computed based on the same rates as the buyer's stamp duty, but will be reduced to 2/3 and 1/3 of the amount of buyer's stamp duty for holding period of 2 years and 3 years respectively. On or after 14 January 2011 and disposed of (or sold) within 4 years of acquisition, as follows : - Holding period of 1 year : 16% of price or market value, whichever is higher
- Holding period of 2 years : 12% of price or market value, whichever is higher
- Holding period of 3 years : 8% of price or market value, whichever is higher
- Holding period of 4 years : 4% of price or market value, whichever is higher
Properties acquired before 20 Feb 2010 will not be subject to SSD. CPF use for 2nd property onwards - 1 Jul 2011 CPF can be used = OA (Ordinary Account) - [ $69,500 - SA (Special Account) ]
(when SA less than $69,500) 2nd HDB Loan - 5 Mar 2010 Flat buyers can keep the greater of $25,000 or half of the cash proceeds (including the cash deposit received), HDB will take into account the remaining part of cash proceeds when determining the quantum of the second loan to be granted.
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Louis Leow
Marketing Director
ERA REALTY NETWORK PTE LTD louis.leowl@gmail.com
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