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...
Are you prepared to purchase your next residential property? Check out these 3 key considerations before committing yourself to buy a property. Number 1: FINANCIAL ABILITY Loan approval-in-principle First and foremost, assess your financial status before making the...
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...
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...
