This method is suitable for home owners under different ownership such as: –
- Singapore Citizen SC & PR (non related)
- Singapore Citizen SC& Foreigner (non related)
- Both citizen SC who want to keep first property and buying second property
This method is suitable for home owners under different ownership such as: –
➢Purchase the property under the name of the SC;
➢Exercise the Option
➢Sell 1% share of the property to the PR/Foreigner and JUST pay 12% Seller Stamp Duty (SSD) and 5%/20% Additional Buyer Stamp Duty on 1% value;
➢Enter a fresh Sale and Purchase Agreement with Developers under 2
names;
➢Proceed to obtain Bank loan under 2 names
For Eg: SC and Foreigner purchasing a property worth $3,000,000
© [2018] · https://stirling-residence.org · DEVELOPER: LN DEVELOPMENT (STIRLING) PTE LTD (LOGAN PROPERTY & NANSHAN GROUP), DEVELOPER’S LICENCE NO.: TBA, TENURE OF LAND: 99 YEARS LEASEHOLD FROM 18 AUG 2017, EXPECTED TOP: 2022, EXPECTED DATE OF LEGAL COMPLETION: TBA, ENCUMBRANCES: TBA