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 Buying subsale, better to wait after June?

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AskarPerang
post Mar 21 2019, 01:53 PM

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For 700k property buying via the secondary market (subsale), it doesn't matter actually before or after Jun. Now or end of year is the same.
You wont be receiving any stamp duty waiver at all.

For property priced above 500k, the government initiative is to help developer clear out their unsold stock in hand / developer units. If you are getting such property direct from developer, then only will have some incentive from the stamp duty waiver.
AskarPerang
post Mar 29 2019, 01:39 PM

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QUOTE(lotter92 @ Mar 28 2019, 10:18 AM)
I'm actually doing it right now. I and the seller actually agreed to to do S&P agreement stamping after 1st of July to get the exemption. But all the process (booking, loan application, s&p drafting) is done beforehand.

edit* plus waiting for the consent from authorities (since the properties is leasehold) will take months anyway.
*
Yeah same. Many doing the same early this year. Back dated the signing to Dec 18. Coz stamp duty waiver for below 500k subsale property is still valid until 31 Dec 18.

 

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