industrial and commercial property

[JESSIELIM4023]

AM I right to say no ABSD if I buy Industrial and Commercial properties if I own two residential properties now?

[Majed]

While there is no Additional Buyer Stamp Duty (ABSD) for commercial properties, industrial properties (a type of commercial properties) attracts the Seller's Stamp Duty. This is 15% of the sale price if sold on the first year, 10% for the second year, and 5% for the third year.

[JESSIELIM4023]

While there is no Additional Buyer Stamp Duty (ABSD) for commercial properties, industrial properties (a type of commercial properties) attracts the Seller's Stamp Duty. This is 15% of the sale price if sold on the first year, 10% for the second year, and 5% for the third year.

So if I hold for 3 years and above, NO stamp Duty right ?

[Samuel Tang]

if buy commercial properties, no ABSD. SSD apply if you sell within 3 years, not apply after 3 years

[Mary Tan]

Yes no ssd after 3 years!!!

[Majed]

Maybe investing commercial is a better choice than residential !!

[JESSIELIM4023]

Maybe investing commercial is a better choice than residential !!


Any link to proof this statement?

[Grace sun]

buy for own need okay but not investment, some industrial place cannot rent out at all due to restriction in use

[Mary Tan]

Best is to wait and see now!