Property
Thoughts on Property in Singapore
By A Pen Quotes  •  June 28, 2016
Personally, the thought of getting a second property for both investment and for stay (eventually) has been on my mind for quite some time. Why I haven’t bought one There are many reasons. The main one is the Additional Buyer’s Stamp Duty. With the ABSD framework still in place, I have never really gotten serious about it. For Singapore Citizens wishing to buy a second property in Singapore, that’s 7%. And that is on top of the Buyer Stamp Duty which is another 3% (altogether 10%). Not forgetting the initial downpayment of 20%. So all in all 30%. It helps first time buyer, but not to people looking for their second, third properties, etc. Next is the trend. Although when it comes to market timing – I really suck at it. However, as the saying goes, “The trend is your friend”. Looking at the above chart, I would say we are still ......
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By A Pen Quotes
Hi, I am a typical guy born in 1976. You can call me ‘T’. Family: I have a lovely wife and 2 kids (a boy and a girl). To me, they are the best things that happened in my life. Work: I’m working full-time in the construction industry. Interests: I like to swim, draw and read up on financial articles. I have started a Youtube channel on sketches. Do check it out here.
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