Investing in a second home? There is a very little known CPF rule which applies when you are buying a second or subsequent property. This article is intended as a guide and we have taken every reasonable effort to make sure information is correct. Information is...
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...
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...
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...
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...
SINGAPORE — The Monetary Authority of Singapore (MAS) has widened the existing exemptions from the Total Debt Servicing Ratio (TDSR) to cover the refinancing of loans for owner-occupied properties that were bought before the measure was introduced last year. Under the...
