Property Market Sentiments

[Temperament]

Temperament,

Hope this is of some help to you:

http://www.iras.gov.sg/irashome/page.asp...96#Buyer's Stamp Duty and Additional Buyer's Stamp Duty (ABSD) for Residential Properties

Seller's Stamp Duty (SSD) for Residential Properties

Date of purchase / acquisition or Date of change of zoning / use

Holding period

Rates

Between 20 February 2010 and 29 August 2010 (all inclusive) Within 1 year Every $100 or part thereof of the first $180,000
$1.00

Every $100 or part thereof of the next $180,000 $2.00
Thereafter, every $100 or part thereof $3.00
More than 1 year No SSD payable
Between 30 August 2010 and 13 January 2011 (all inclusive) Within 1 year Every $100 or part thereof of the first $180,000
$1.00

Every $100 or part thereof of the next $180,000 $2.00
Thereafter, every $100 or part thereof $3.00
More than 1 year and up to 2 years Every $100 or part thereof of the first $180,000
$0.67

Every $100 or part thereof of the next $180,000 $1.33
Thereafter, every $100 or part thereof $2.00
More than 2 years and up to 3 years Every $100 or part thereof of the first $180,000
$0.33

Every $100 or part thereof of the next $180,000 $0.67
Thereafter, every $100 or part thereof $1.00
More than 3 years No SSD payable
On and after 14 January 2011+ Within 1 year 16% of consideration or value, whichever is higher
More than 1 year and up to 2 years 12% of consideration or value, whichever is higher
More than 2 years and up to 3 years 8% of consideration or value, whichever is higher
More than 3 years and up to 4 years 4% of consideration or value, whichever is higher
More than 4 years No SSD payable

Can anyone tell me if a property which has been bought in April 2010 and to be sold now, what are all the fees incurred? Or where or which website to check?
People say if you sold your rental property anytime even with profit, you must have a place for investing your relised capital; If not do not sell, True?

Thank you very much.
Cheers!

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NTL,
Both the consideration and value will be declare by you (your lawyer) to IRAS.
These are input to the IRAS stamp duty calculator/formula.

:-)

The calculation is by IRAS, right? So it will be up to IRAS to determine which number to use?

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T,
Can anyone tell me if a property which has been bought in April 2010 and to be sold now, what are all the fees incurred?
>> There is no SSD. So, your fees will be legal, property tax, maintenance charge, bank mortgage redemption fees, agent commission.
>> NB: your cpf with interest will be return back too.

People say if you sold your rental property anytime even with profit, you must have a place for investing your relised capital; If not do not sell, True?
>> What people say is not important. What you think will be more interesting. Assuming that you're good in stock/share investments, then your experience in stock market will be a good guide...

[Image: investment.jpg]
picture courtesy of google/zurich.com

Thank you very much.

If i sell my property now then my asset allocation is very, very lop-sided.
Besides no matter what happens, Bricks & Motar has some residue value, unlike Stock which may go to zero value.

Actually i started with stocks and dare not go into property for 25 to 30 (to be a Landlord) because i am very straight-forward, short-fuse person and do not like to handle tenant (i think more likely i knew i couldn't handle tenant/landlord relationship problems) when i was much younger.

Now i am so much older, i may be able to take the nonsense of a tenant. i think i can now if i am prepare not to be so 4Ks. Besides i have plenty of time on my hand.

It's also for my only son's future. He is 24+ and prepared to join his close friend as a full -time property Sale Person very soon.

Furthermore my wife & me may one day "retire" there.
My wife likes Shoe Box because of very easy housekeeping.
Not me.

Any advice for my son as a Newbie Property Sale Person from experienced Property Sale agents
Thanks.