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...
With growing demand for new Executive Condominiums (EC) and a limited supply of new EC launches in upcoming years, the number of remaining units of Executive Condo is expected to fall further in 2017. Strong Demand Since 2015, the demand for new Executive Condo units...
Mortgagee Sales. Fire Sales. Everyone wants a good deal. However, the questions are, do you know where to find them, are you prepared for it, are they excellent deal? In this article, you will have answers to the above questions. What are Mortgagee Sales (or Fire...
In the earlier article, “Executive Condo (EC) or Private Condominium”, we raised a point that the owner of the EC, like the owner of a private condominium, can cash out from their EC without selling their home using a home equity loan. Since then, we have received...
How much cash do I need to fork out as a downpayment to purchase a Private Condominium or Executive Condominium in Singapore? What is the cash and CPF needed at the different stages? Can I use my Central Provident Fund (CPF) for purchase? What are the other charges...
The article is published with permission from SMTP. For all enquiries regarding this article or if you are seeking legal advice, you may contact Mr Gary at 9107 5225. INTRODUCTION By now, most of us are aware that from 1 April 2016 or thereabout, the Housing and...
