2 Answers

Kelvin Ng
Hi Mash,

In order to answer your questions better, can i ask that you give me a call and i will revert your questions in details?


Kelvin Ng
9386-0900 Read More


Mike Tay
Dear Mash

Pls find the answer below:

1) what process & procedure is involved in buying or renting a commercial property.

Process is similar to residential. But, its best to nominate a professional agent to represent you if you are not familiar.

2) Do I have to pay any taxes later on

Stamp duty payable within 14days of exercising of OTP.

3) Any Stamp Duty required

Yes. 3%-5400. ABSD if applicable i.e. living quarters, number of properties etc.

4) Do i hv to pay commission to agent

1% for buying if agent is representing your INTEREST. - sourcing, validating ownership, negotiating, guiding you through resale process etc.

5) How much loan can i take

Typically 70% depending on your income.

6) How to get a valuation on the property that i intend to buy

You can get from the banks or the agent can provide indicative (from banks as well).

7)What are the additional costs

Legal fees, CVY admin fee, GST if applicable etc.

Do call me at (65)-9745-5178 or email miketaysoen@gmail.com if I can assist you in your buying / selling / renting or leasing.

Thks & regards,

Mike Tay (郑树荣)

CEA Reg:R042367C

M: +65 97455178
E: miketaysoen@gmail.com

W: http://www.miketay.myweb.sg
W: http://miketay.irealtor.sg/

HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G Read More