stamp duty

[drunk]

hi,
first time condo owner here and i just purchased a unit that has not top yet.
already given the 1% and the 4% next week.
so who is supposed to pay the stamp duty.the buyer or the seller?
thanks for any help rendered

[thomastansb]

Buyer (you) pays. Seller stamp duty is seller's problem.

You just need to focus on your role:-

1% option, cash
4% exercise, cash (before option expired)
3% stamp duty (within 2 weeks), cash but claimable from CPF

95% - Loan% = Remaining % (at least 1 week before completion). Assuming 80% loan, you need to pay 15%. Usage of CPF up to 10% here.




hi,
first time condo owner here and i just purchased a unit that has not top yet.
already given the 1% and the 4% next week.
so who is supposed to pay the stamp duty.the buyer or the seller?
thanks for any help rendered