Results 1 to 9 of 9

Thread: industrial and commercial property

  1. #1
    Join Date
    May 2020
    Posts
    39

    Default industrial and commercial property

    AM I right to say no ABSD if I buy Industrial and Commercial properties if I own two residential properties now?

  2. #2
    Join Date
    May 2020
    Posts
    82

    Default Re: industrial and commercial property

    While there is no Additional Buyer Stamp Duty (ABSD) for commercial properties, industrial properties (a type of commercial properties) attracts the Seller's Stamp Duty. This is 15% of the sale price if sold on the first year, 10% for the second year, and 5% for the third year.

  3. #3
    Join Date
    May 2020
    Posts
    39

    Default Re: industrial and commercial property

    Quote Originally Posted by Majed View Post
    While there is no Additional Buyer Stamp Duty (ABSD) for commercial properties, industrial properties (a type of commercial properties) attracts the Seller's Stamp Duty. This is 15% of the sale price if sold on the first year, 10% for the second year, and 5% for the third year.
    So if I hold for 3 years and above, NO stamp Duty right ?

  4. #4
    Join Date
    May 2020
    Posts
    29

    Default Re: industrial and commercial property

    if buy commercial properties, no ABSD. SSD apply if you sell within 3 years, not apply after 3 years

  5. #5
    Join Date
    May 2020
    Posts
    88

    Default Re: industrial and commercial property

    Yes no ssd after 3 years!!!

  6. #6
    Join Date
    May 2020
    Posts
    82

    Default Re: industrial and commercial property

    Maybe investing commercial is a better choice than residential !!

  7. #7
    Join Date
    May 2020
    Posts
    39

    Default Re: industrial and commercial property

    Quote Originally Posted by Majed View Post
    Maybe investing commercial is a better choice than residential !!

    Any link to proof this statement?

  8. #8
    Join Date
    May 2020
    Posts
    31

    Default Re: industrial and commercial property

    buy for own need okay but not investment, some industrial place cannot rent out at all due to restriction in use

  9. #9
    Join Date
    May 2020
    Posts
    88

    Default Re: industrial and commercial property

    Best is to wait and see now!

Similar Threads

  1. What is the leasehold for industrial/commercial in johor?
    By roly8 in forum HDB, EC, commercial and industrial property discussion
    Replies: 12
    -: 29-11-12, 14:47
  2. Investors look to commercial property
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 42
    -: 26-01-12, 10:25
  3. Focus on commercial property from residential property
    By Santro in forum HDB, EC, commercial and industrial property discussion
    Replies: 20
    -: 01-08-11, 10:40
  4. Industrial, commercial projects more popular
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 18-05-11, 13:57
  5. Commercial property a big draw
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 06-05-11, 20:39

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •