Important Things You Need To Know About Commercial Property Purchases
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Recent years has seen a gradual inclination towards commercial real estate investment in Singapore as real estate investors seem to prefer commercial properties more that residential ones. One of the primary reasons leading to this development has been the move made by the government to prevent a bubble in the residential real estate market.
One of the best aspects about commercial real estate investments is reduced tax payments. Commercial property owners do not need to pay Sellers Stamp Duty (SSD) or Additional Buyers Stamp Duty (ABSD) when selling or buying commercial real estate respectively. Moreover, even foreigners