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"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

Sellers Stamp Duty (SSD) Revision


Useful Websites:


https://www.iras.gov.sg/IRASHome/Quick-Links/Calculators/
https://www.iras.gov.sg/IRASHome/Other-Taxes/Stamp-Duty-for-Property/

https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Tax_Guides/etaxguides_SD_imposition%20of%20stamp%20duty%20on%20sellers%20for%20sale%20or%20disposal%20of%20res%20property%20_2011-09-15.pdf

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Selling-or-Disposing-Property/Seller-s-Stamp-Duty--SSD--for-Residential-Property/

http://www.iea.sg/news-66

8 comments:

  1. We can ask for 1.7m now.

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    Replies
    1. Need to wake them up. They're all asleep at the switch.

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    2. Why is that?

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    3. To reach 80%.

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    4. Don't think this SSD change has any impact on the price whatsoever.

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    5. Likewise, don't think 'Silver Zone' has any impact on RP. SC and Huttons however, think otherwise.

      Our opinions don't count; their's do.

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  2. Good news for flippers...

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  3. Tampines Avenue 10 site put up for sale (From Straits Times 15 March 2017)

    A residential site in Tampines Avenue 10, which can yield about 715 private apartments, has been released for sale via public tender.

    Although its location is not particularly attractive, analysts still expect the 99-year leasehold plot to garner good interest, given developers' hunger for land and improving sentiment in the market.

    Relatively brisk sales at recent launches, The Clement Canopy in Clementi and Grandeur Park Residences in Tanah Merah, also flagged healthy demand for new homes.

    "Additionally, the recent easing of the seller's stamp duty is expected to lift market sentiments further and developers are likely to be more bullish in their bids," noted Mr Wong Xian Yang, head of research and consultancy at OrangeTee.

    The site, known as "Parcel C", was launched under the confirmed list of the Government Land Sales Programme for this half of the year.

    It has a land area of 21,717.7 sq m and maximum gross floor area of 60,810 sq m, the Urban Redevelopment Authority said yesterday.

    Mr Ong Teck Hui, national director of research and consultancy at JLL, noted: "The site is in a mediocre location slightly off from Tampines MRT Station and amenities in the town centre but would nevertheless be in demand by upgraders into entry-level private housing."

    The site is between two condo projects that are under development: The Santorini, launched in March 2014, and The Alps Residences, put on the market in November.

    Analysts do not expect the two projects, both by MCC Land, to affect interest in the tender for the site as the units would likely be substantially sold by the time the new development is launched.

    The Santorini has shifted 394 out of 597 units as of Sunday, while The Alps Residences has sold 382 of the 626 units available, an MCC Land spokesman told The Straits Times yesterday.

    Mr Wong estimates that eight to 14 bids could be lodged for the site, with a top bid in the range of $314.2 million to $340.4 million ($480 to $520 psf per plot ratio).

    "With the recent tweaks to the cooling measures, there could be an expectation of the market bottoming sooner and this could lift confidence among bidders for sale sites," said Mr Ong.

    The tender closes at noon on April 25.

    ReplyDelete