Still have 16% SSD leh. And dunno whether foreigner, i.e. 10% stamp duty
Originally Posted by kane
Still have 16% SSD leh. And dunno whether foreigner, i.e. 10% stamp duty
Originally Posted by kane
if this unit was bought and sold by a foreigner belonging to one of the 5 countries which we have an FTA, then he doesn't need to pay ABSD or SSD?
Originally Posted by Ringo33
SSD unavoidableOriginally Posted by bargain hunter
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
ABSD and SSD apply like the same as Singaporeans.
For example, first unit:-
US citizens/Singaporean - No ABSD
Foreigners - 15%
Second unit:-
US citizens/Singaporean - 7%
Foreigners - 15%
Originally Posted by bargain hunter
ok, thanks. so no matter what will kenna 16% SSD before any other possible stamp duties.
We need more buyers like this to help fund our national budget. 16%SSD + 3% stamp duties.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
are the dates correct ??Originally Posted by Ringo33
from URA and Squarefoot.com.sgOriginally Posted by amk
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Could be a transfer to a family member.Originally Posted by amk
Assuming seller is a foreigner. buy kenna 10% ABSD, transfer now will be another 15% ABSD.Originally Posted by leesg123
Doesnt make sense leh.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Under some circumstances, foreigners need not pay SSD when they dispose of their properties in Singapore.
http://www.iras.gov.sg/irasHome/page04.aspx?id=10204
Since the assumption here is that seller is a foreigner, can anyone be absolutely certain that this seller did indeed pay seller stamp duty and incurred a loss?Seller's stamp duty (SSD) for residential properties is exempted for sellers/transferors under the following scenarios:–
- Licensed housing developers who are governed under the Housing Developers (Control and Licensing) Act need not pay SSD when selling residential properties developed by them.
- Public authorities in exercising their functions and duties need not pay SSD when selling residential properties, e.g. Housing & Development Board (HDB), Jurong Town Corporation (JTC).
- Residential property owners need not pay SSD when their properties are acquired by the Government under the Land Acquisitions Act.
- Residential property owners need not pay SSD when selling their residential properties due to bankruptcy or involuntary winding up.
- Foreigners need not pay SSD when they have to sell their residential properties as required under the Residential Properties Act.
Last edited by proper-t; 25-03-13 at 15:21.
Originally Posted by proper-t
Go find out let us know. Thanks
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
That statement should be going to any person making the claim that the seller made a loss since the veracity of his statement is in question unless those people are used to making claims or statements without any backing and have no qualms about redeeeming their credibility.Originally Posted by Ringo33
I'm not sure why this transaction is generating such high levels of interest, but for what it's worth, the ppty in question is 22 Coral Island
Originally Posted by Ringo33
You should question the person who brought it up in the first place and what are his motives? Anyway, the answer is not very far away a few threads down.Originally Posted by starrynight
Last edited by proper-t; 25-03-13 at 15:36.
Floor plans, in case anyone's interested
http://www.sentosacove-property.com/...oorplan/22.pdf
Originally Posted by proper-t
Thks. Very nice.Originally Posted by starrynight
Originally Posted by proper-t
Aiyo just because this transaction involve landed property you must be so defensive. Asking dumb questions and talk till like landed property can never lose money.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Originally Posted by starrynight
Nothing big deal about this property just like any property transaction posted earlier. Perhaps some forummer just doesn't like other talking negative news about landed property.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Defensive? Hardly...Shouldn't responsible forumers back up their claims or statements with verifiable facts?Originally Posted by Ringo33
Anyway, I leave it to readers here to judge the tone and objectivity behind the posting below.
For someone who claims its no big deal, these sure are BIG and BOLD fonts...
Originally Posted by Ringo33
MM still king in CCR, The Oxley
2013-03-14 #XX-XX 549 2,186psf 2008-04-18 1,512 370,026 1,791 7.8
Ride at your own risk !!!
new psf low for twin peaks. 2469psf albeit for 1894 sq ft unit. looks like the ABSD discount for this project has started.
espada, very good deal for MM buyer, 1 bedder at only 900k for D9?
Sold 2013-02-28: 910k 355 sq ft 2562psf.
Bought 2010-01-23: 2359psf.
must be one of the thinnest MM profit margins for seller in recent times.
this kind psf quantum already too high for MM playOriginally Posted by bargain hunter
Ride at your own risk !!!
Another Sentosa Cove bungalow just change hand.
Suspect could be132 cove drive Sentosa
Bought 07-May-10 $15,600,000
Sold 13-Mar-13 $16,200,000
If include agent commission and stamp duty, loss money.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Date Type Type of sale UnitArea $ $psf
Mar 13 Detached House Resale- 7,266 16,200,000 2,230
May 10 Detached House Resale- 7,266 15,600,000 2,147
Originally Posted by Ringo33
checked. It is 132.
The sentosa hurrah seems to be over.
Singapore CCR is probably undervalued relative to other madness
Sweden
London
Belgian
Norway
Iceland (surprise X88)
French
Last edited by phantom_opera; 27-03-13 at 09:46.
Ride at your own risk !!!
can anyone make a guess?
how many percentage of ccr transections in the last 3 mth are negative sales after all cost?