Evelyn Tan, a property agent at Prime Realty Solutions, is assisting Jason and May Lim, a married couple, in purchasing their second residential property in Singapore.
They are Singapore Citizens and currently own a 3-room HDB flat.
They are interested in a private condominium priced at $1.5 million.
Evelyn advises them on the financial implications, including the applicable stamp duties.
Jason and May are concerned about the Additional Buyer's Stamp Duty (ABSD) as they plan to keep their HDB flat as an investment property.
Evelyn explains the different stamp duties and potential tax implications of owning multiple properties.