Open Question
If I'm owning 2 residential properties, will purchasing a commercial property affect me when I want to purchase a third residential property?

Posted by Victor Tan on Feb 7, 2012 in Commercial Property - Industrial | 171 Views

Latest Answers by Real Estate Professionals (3 Answers)

Geraldine Tan
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Contact Agentorangearrow
Answer Posted on Feb 7, 2012
Hi Victor,

If you are buying your 3rd residential property as a Singaporean, you will be subjected to the 3% Additional Buyer Stamp Duty (ABSD) on the purchase price and there may also be limitation in getting a bank loan.


Please call me at 9858 9708 or send me an email at gerrytan_singapore@yahoo.com to discuss the details.

By the way, I am a CPA (Certified Public Accountant).

Visit my website to know more :

http://www.facebook.com/Geraldine.Properties

Regards
Geraldine Tan
OrangeTee.com
CEA Registration no. R013439F
 
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Kevin Toh
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Contact Agentorangearrow
Answer Posted on Feb 7, 2012
Hi,

Commercial property will not affect you.

Only thing to note is the ABSD.

Kindly contact me if you require any assistant.

Regards
Kevin
82288585
manidatoh@gmail.com
Propnex
 
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Lewis Tan
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Contact Agentorangearrow
Answer Posted on Feb 7, 2012
Hello Victor,

If you are buying your 3rd residential property as a Singaporean, you will be subjected to the 3% Additional Buyer Stamp Duty (ABSD) on the purchase price of the 3rd unit. Of cause, there may also be limitation in getting a bank loan.


Please call me or send me an email to discuss the detail of your budget & buying requirement, and to arrange a banker to do the loan assessment.

Look forward to be of service to you & your family.

Warmest Regards

Lewis Tan
CEA R017443F
Associate Sales Director
CBRE Realty Associates Pte Ltd
HP : 9723 6721
Email : lewistms@singnet.com.sg
www.lewistms.myweb.sg
 
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