Singapore Resale Condominiums & Resale Apartments referred to residential properties selling in the secondary market. These Resale homes are bought sometimes ago from primary market from properties developer.
Listing your Resale Condominiums & Resale Apartments & Homes might have limited images due to owners’ privacy concerns. Kindly make request for more information & images though Whats App
We also keep you updated on rules & regulations periodically as & when there are changed.
Singapore Resale Condominiums
Altez, Also For Rent
For Sale/Rent Singapore
Altez Singapore came full luxurious condominium facilities. In term of connectivity, Altez Singapore is just two minutes’ walk from Tanjong Pagar MRT Station. Altez is a integrated development with supermarket & mall on first storey. The nearest shopping mall outside the development will be 100am Mall at Amara Hotel which is 100 m away. More over the Guoco Centre mall about 6 minutes walk away. Last but not least, Marina Bay Sands Shoppes is about 15 Minutes walk from Altez.
Altez is one of the most popular apartment for rent in Singapore CBD.
Singapore Resale Condominiums
Orchard Scotts, Also For Rent
By Singapore Law, all buyers includes resale condominiums, resale apartments & other properties buyers having responsibilities to pay stamp duty to Inland Revenue Authority of Singapore or IRAS (Tax Authorities).
When you buy any property, you need to pay Stamp Duty within 14 days of the date of Contract/Agreement. In most instances, your lawyer acting on your behalf in purchasing the property will arrange for payment of Stamp Duty.
Types of Buyer's Stamp Duty
- MD (Mortgage Duty)
- BSD (Buyer’s Stamp Duty)
- ABSD (Additional Buyer’s Stamp Duty)
MD (Mortgage Duty)
Mortgage Duty based on amount of Mortgage Loan & types of Mortgage. They are ranging from 2%-4% of Mortgage Loan, but kept up to maximum $500. Kindly check with Banks.
Table of Contents
BSD (Buyer's Stamp Duty)
Buyers required to pay BSD for documents executed for the transfer or sale and purchase of property located in Singapore. BSD will be computed on the purchase price as stated in the document to be stamped or market value of the property (whichever is the higher amount).
If there is a benefit associated with the acquisition, and the benefit is stated in the document to be stamped and is a cash discount (i.e. cash, non-post dated cashier’s order or cheque) to be given to the purchaser upon execution of the document (and not later), the amount of discount may be deducted from the purchase price to determine the consideration for stamp duty purpose. This is provided that the nett price is still reflective of market value.
If the document to be stamped stated a non-cash benefit to be given (e.g. furniture voucher, rental guarantee, car or lucky draw), the value of benefit is not deductible from the purchase price for stamp duty purpose.
BSD rates of up to 3% is applicable to acquisition of non-residential properties.
For residential properties, BSD rates of up to 4% are chargeable. ABSD of up to 30% may also be applicable.
- first $150,00 paying 1%
- second $150,00 paying 2%
- the amount above $300,00-$1,000,00 paying 3%
- The remaining amount above $1,000,000 paying 4%
ABSD (Additional Buyer's Stamp Duty)
Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
The ABSD rates have been adjusted on 6 Jul 2018. You may refer to the attached ABSD Fact Sheet for an overview of more details on the adjusted ABSD rates and the ABSD remission for acquisition of residential properties during the transitional period.
Please click to see the Rates of ABSD (PDF, 508KB).
Also read about “ABSD Remission under Free Trade Agreements (FTAs) for Foreign Property Buyers From 5 Countries” here
Singapore Resale Condominiums, Resale Apartments & Resale Homes are under control by authority. Selling within 3 years from date of obtaining are subject to SSD or Seller’s Samp Duty.
Types of obtaining Properties & effective dates for SSD calculation
- Transfer pursuant to divorce where it fulfils Stamp Duties (Matrimonial Proceedings) Remission Rules (MP rules):
- Date of the Marriage (that has ended); or
- Date the interest was acquired by the transferor prior to the transfer; whichever is later.
- Transfer pursuant to inheritance: Date the interest was acquired by the deceased
- Transfer of HDB Flat within Family where it fulfils Stamp Duties (Transfer of HDB Flat Within Family) Remission Rule: Earliest date of acquisition of the flat by any of the existing owners, and who continually holds an interest in the flat from the time of acquisition to disposal
|Holding Period up to 1 year||12%|
|More than 1 year and up to 2 years||8%|
|More than 2 years and up to 3 years||4%|
|More than 3 years||No SSD payable|