Rinque
03-08-15, 18:47
Hi, I'm new here. Just bought a resale condo and my friend briefed me about some info on en bloc.
I was surprised by the fact that I will be charged with SSD even if I dissent an en bloc sale which goes through within 4 yrs of my purchase date. However, to make myself feel a bit better, I saw on STB site that the minority is allow to request to block the sale provided he suffers financial loss from the en bloc sale. But it did not clarify the definition for financial loss:
If it is calculated by SALE PRICE - PURCHASE PRICE, is SSD deducted from SALE PRICE? Is BSD and ABSD added to the PURCHASE PRICE?
These stamp duties can add up to more than 20% of the total price
Appreciate some one could clarify my doubts. Thanks!
I was surprised by the fact that I will be charged with SSD even if I dissent an en bloc sale which goes through within 4 yrs of my purchase date. However, to make myself feel a bit better, I saw on STB site that the minority is allow to request to block the sale provided he suffers financial loss from the en bloc sale. But it did not clarify the definition for financial loss:
If it is calculated by SALE PRICE - PURCHASE PRICE, is SSD deducted from SALE PRICE? Is BSD and ABSD added to the PURCHASE PRICE?
These stamp duties can add up to more than 20% of the total price
Appreciate some one could clarify my doubts. Thanks!