Selling Real Estate in Singapore

Do It Yourself or Engage a Seller’s Agent

Do It Yourself or Engage a Seller’s Agent

You can choose to sell your property by yourself or engage a seller’s agent. Engaging the wrong agent may waste your time while engaging the right one will ensure property sold at the highest price and shortest time possible. The typical commission selling any type of property is 2%. Seller’s agent may co-broke with a buyer’s agent, which is usually shared equally between the two. 

Click here to find out Top 10 Reasons To Engage Us To Sell Your Property.

Check Market Value of Your Property

Whether you are selling your property on your own or would like engage Seller’s Agent, you may want to have some ideas about how much neighbors’ properties recently sold for. There are publicly available data on HDB Resale, private property, and commercial property transactions that are caveated.

Check here  to check HDB Resale Flat Price

Check here  to check Private Residential Property Price

Check here  to check Commercial Property Price

The publicly available data are less detailed and unit numbers for strata-titled properties, and house number for landed properties are not published. Such information may be obtained from a licensed real estate agent like us. You can also obtain free valuation of your property from us.

Check Market Value of Your Property
Increase Value of your Property

Increase Value of your Property

When you first read the five tips to increase value of your property, you may probably envision expensive outlays, tiresome renovations, and only a little return on investment. What most homeowners don’t realize is that increasing their home value is easier than they think and often well worth the effort. With many years of experience in the industry, I have been to countless number of houses, sold, and learnt what most buyers look out for when viewing houses. Click here to get your free five trips to increase value of your property.

Seller’s Stamp Duty

Seller’s Stamp Duty is a tax levied on the seller for selling a residential and industrial property. There is no SSD payable for selling of commercial properties i.e. office, retail shop. It was first introduced on residential property on 20 February 2010 to curb the property market speculation that could create bubble.

SSD for Selling Residential Properties

Date of Purchase Holding Period SSD Rate (on the transacted price or market value, whichever is higher)
On and after 11 March 2017 Up to 1 year Up to 1 year
Between 1-2 years 8%
Between 2-3 years 4%
More than 3 years No SSD payable

SSD for Selling Industrial Properties

Date of Purchase SSD Rate (on the transacted price or market value, whichever is higher)
On or after 12 January 2013 Up to 1 year 15%
Between 1-2 years 10%
Between 2-3 years 5%
More than 3 years No SSD payable

*This information is accurate as of 1st July 2020