­if Your Condo Reaching TOP in 2023, Now Is a Good Time to Sell It as a Sub-Sale

Just last week, a new record price was set by Ohmyhome for the highest psf for a 2-bedroom home in Midtown Modern at $3,150 psf. That’s a $2,000,000 sale price for the 635 sq ft property.

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The seller originally purchased this property for $1.744 million in 2021 and had to pay a 4% Seller Stamp Duty (SSD) due to having only purchased this between 2-3 years ago. The SSD is 12% in the 1st year, 8% in the 2nd year, and 4% in the 3rd year of the purchase date.

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But even after paying the tax, the unit remained profitable — pocketing over $170k in profit.

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Read more here: https://seedly.sg/opinions/why-owners-of-condos...?