How Long Should I Hold My Private Condo?

Gone are the days when flipping of a new launch property overnight brought you tens of thousands of profits. Investors who took full advantage of quick returns were either lucky or extremely savvy who saw the golden opportunity. Those were the golden days when the Singapore condo arena was without Total Debt Servicing Ratio (TDSR), Seller’s Stamp Duty (SSD), Additional Buyer’s Stamp Duty (ABSD) and when bank mortgage was 80% regardless of the numbers of condo a person already owned. Those were truly the times where middle income salaried people became millionaires through “trading” of new condo launches!