With the Government’s announcement of the new regulatory framework which introduced compulsory registration of estate agents through its agencies, the Singapore Accredited Estate Agencies announces its enhanced accreditation function for estate agencies, agents and salespersons in collaboration with the Singapore Institute of Surveyors and Valuers (SISV) through an exclusive affiliation framework in a joint press conference held today.

Following the Government announcement on 19 February 2010, seller’s stamp duty (SSD) will be payable by sellers of residential properties which are acquired (or purchased) on or after 20 February 2010 and disposed of (or sold) within 1 year from the date of acquisition. Properties acquired before 20 February 2010 will not be subject to SSD1 when disposed of.