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Thread: Property Market Crashing or Freak Deal?

  1. #1
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    Default Property Market Crashing or Freak Deal?

    REGENT GROVE CHOA CHU KANG NORTH 7

    [B]$380,000, SQF 1,173, 324PSF, May-11 [/B]
    $800,000, SQF1,195, 670PSF, Apr-11
    $768,000, SQF1,163, 661PSF, Apr-11
    Daft, Dafter, Dafterest!!!!

  2. #2
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    Quote Originally Posted by westman
    REGENT GROVE CHOA CHU KANG NORTH 7

    [B]$380,000, SQF 1,173, 324PSF, May-11 [/B]
    $800,000, SQF1,195, 670PSF, Apr-11
    $768,000, SQF1,163, 661PSF, Apr-11
    its a freak deal and crashing together.

    the more we get together together together..

  3. #3
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    Quote Originally Posted by kingkong1984
    its a freak deal and crashing together.

    the more we get together together together..
    Wondered how it happened... anyone has encountered such freak deal before?

    Show your story here...
    Daft, Dafter, Dafterest!!!!

  4. #4
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    Quote Originally Posted by westman
    Wondered how it happened... anyone has encountered such freak deal before?

    Show your story here...
    sold to family member lah. Father and son thing. Anyway confirm nut case as they bought in at slightly above their selling price just a few years ago.

    No big deal lah.

    Maybe they want to cash out their CPF.

    hahaha.

  5. #5
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    I thought IRAS will have something to say about such transaction cos the transfer of ownership meant lower stamp fees?

  6. #6
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    They will come knocking in no time.

  7. #7
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    I am under the impression that you can transfer to kin or relative but it has to be at least the lowest professional valuation received.

  8. #8
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    No lah, just pay correct taxes. 1 dollar also can.

  9. #9
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    Quote Originally Posted by westman
    REGENT GROVE CHOA CHU KANG NORTH 7

    [B]$380,000, SQF 1,173, 324PSF, May-11 [/B]
    $800,000, SQF1,195, 670PSF, Apr-11
    $768,000, SQF1,163, 661PSF, Apr-11
    is such deal allowed in the first place?
    I know HDB even divorce case, cannot "transfer" to wife but have to sell at market price/valuation price.

  10. #10
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    So you can transfer at $1 but the tax you pay has to be based on professional valuation?

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