The term ‘SSD’ is something we hear all the time.
That said, it’s also one of those terms that we don’t usually have a complete clue about till we find ourselves fidgeting nervously and nodding sheepishly in a conversation centered around this so-called terminator of ‘get-rich-quick’ house-flippers.
Now to be frank, SSD is quite a simple concept to master.
In this piece, we break the topic down into bite-sized digestible points.
More specifically, we’ll be delving into the history of Seller Stamp Duty – what it actually is, as well as how it can severely impact your transaction costs as a home seller.
We then conclude with how you can potentially avoid these additional costs that would otherwise be a massive unwanted cost.
Let’s hop to it.
A Brief History
Most of you will remember the ‘07/‘08 Global Financial Crisis and Singapore property market crash of ‘08/‘09 (for those...