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High Court Case: Claims against buyer for not only occupying premises but also causes the failure in completion of purchase

High Court Case: Claims against buyer for not only occupying premises but also causes the failure in completion of purchase

by PropertyNet.SG | Apr 3, 2014 | Insights, Legal Case Studies, Topic | 0 comments

Article contributed by: Contact Person:  Gary, +65 9107 5225, gary@smtplaw.com, www.smtplaw.com, M/s Sim Mong Teck & Partners. – Background The Sellers had granted to the Purchaser an Option to Purchase a property at the price of $1,850,000 (“Option”) in...
Expat Living in Singapore – Renting a Residential Property

Expat Living in Singapore – Renting a Residential Property

by PropertyNet.SG | Mar 17, 2014 | Insights, Property Type | 0 comments

 When moving to Singapore for the first time, Expatriates usually rent a private apartment or landed house. Nowadays we do see ex-pats staying at public housing too, so as to immerse in Singapore culture and enjoy rental savings. Consider the following factors when...
New Resales Procedure for HDB – Agreed on Price First Before Valuation

New Resales Procedure for HDB – Agreed on Price First Before Valuation

by PropertyNet.SG | Mar 10, 2014 | Insights, Regulation & Policies | 0 comments

With effect from 10 March 2014 5pm onwards, all HDB valuation request can only be done provided an OTP is granted. The new OTP period will be extended from current 14 days to 21 days. Key points to note for this new HDB Resale Procedure: 1) Option will be extend to 21...
12 Major Hotel Deals in Singapore for year 2013

12 Major Hotel Deals in Singapore for year 2013

by PropertyNet.SG | Mar 6, 2014 | Insights, Market Trend, Topic | 1 comment

While serving our group of clients who is looking to purchase a hotel in Singapore, we were awed that the hotel industry has recorded ‘stellar’ performance last year 2013. With upcoming development of terminal 4, Singapore is expecting to handle up to 82...
New Stamp Duty Calculation for Lease w.e.f 22 Feb 2014

New Stamp Duty Calculation for Lease w.e.f 22 Feb 2014

by PropertyNet.SG | Feb 23, 2014 | Insights, Regulation & Policies, Topic | 0 comments

With effect from 22/2/2014, e-stamping calculation for lease with Average Annual Rent (AAR) above S$1000 had changed. Any lease with Average Annual Rent (AAR) below S$1000 was exempted from stamping (same as the past) AAR above S$1000 W.E.F. 22/2/2014 1) Lease period...
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