New private home sales slump to 6-month low amidst the dearth of new launches and June holidays In June 2023, developers experienced a decline in sales, reaching a 6-month low due to the absence of new project launches. The total sales of new private homes (excluding...
What is Stamp Duty? Before we delve into the specifics of buyer stamp duty and additional buyer stamp duty in Singapore, it’s crucial to grasp the basic concept of Stamp Duty. Stamp Duty is a tax imposed on documents linked to the acquisition or leasing of...
INTRODUCTION Generally, most parents leave their estate to their children. However, what happens when a child should predecease you? What then, becomes of his share will depend on how your Will is drafted. RE WILL OF LOKE SOH LUI, DECEASED [1997] SGHC 346 Such was the...
On 19 Feb 2018, the ministry of finance announced the increment of buyer stamp duty by 1% for residential property exceeding S$1,000,000 in value. Here are the changes: Before 20th Feb Buyer Stamp Duty (Old Rate) After 20th Feb Buyer Stamp Duty (New Rate) First...
INTRODUCTION Purchase of a private residential property involves legal documentation which includes the signing of a contract. Once the deposit is paid and the contract is signed, the Buyer is legally bound to make the balance payment of the purchase price and...