How to Successfully Flip a House in Singapore

[hopeful]

there is this article by ryan ong
http://sg.finance.yahoo.com/news/successfully-flip-house-singapore-160000567.html

there is this passage by him
* There is also another type of house flipping, which involves the transfer of the title instead of the purchase option. I will discuss this in a future article. Like us on Facebook (http://www.facebook.com/moneysmartsg) to get updates!

anybody has any idea what he means?

[indomie]

Who play house flipping nowadays? The author must live in fantasy land to think that such a money is possible to make in such short time frame. If such a thing is possible the one that best to take such advantage would be the real estate agents themselves.

[carbuncle]

Very easy. Just pick up and turn it over.

<<< MONOPOLY GAME SINGAPORE EDITION >>>

[howgozit]

His "strategy" is not new.

But with the current CMs, it seems a bit simplistic.

[Regulators]

there may be some way title can be transferred without incurring seller's stamp duty.

[hopeful]

there may be some way title can be transferred without incurring seller's stamp duty.

ryan ong is more knowledgable than the collective knowledge of the forummers :o
i await his next article with baited breath.

[Regulators]

Don't underestimate the forumers here. The option flip he mentioned has been practised for ages n discussed in this forum many times even before his article came out. I do not think he has any way to circumvent the SSD which is rather watertight.
ryan ong is more knowledgable than the collective knowledge of the forummers :o
i await his next article with baited breath.

[hopeful]

Don't underestimate the forumers here. The option flip he mentioned has been practised for ages n discussed in this forum many times even before his article came out. I do not think he has any way to circumvent the SSD which is rather watertight.
the rest of article forummers know.
i am specifically interested in this passage
there is this passage by him
* There is also another type of house flipping, which involves the transfer of the title instead of the purchase option. I will discuss this in a future article.

the filthy rich (not merely rich) can circumwent SSD, no problem via company structure, the kind that can pay in full, banks will beg on their knees to borrow money kind of rich. however for this kind of purchase, the initial setup is very important.
kind of limited to transaction between filthy rich seller and filthy rich buyer for this to work.

[Regulators]

http://www.iras.gov.sg/irasHome/page04.aspx?id=8614

[minority]

This article talk cock.... title transfer also need to pay stamp duty tax.

[carbuncle]

agree with minority. lets c what secret "weapon" he come out with.

[hopeful]

http://www.iras.gov.sg/irasHome/page04.aspx?id=8614
Full duty has been paid on the contract or agreement

no matter what, full duty still have to be paid.