“WEALTH” TAX You might have heard your friends talking about the latest property tax increase unveiled on 18th Feb 2022 by our Singapore Finance Minister. Or perhaps you saw it on the news or social media. The first question that might have hit you was – how does that...
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...
Cooling measures (ABSD, TDSR & LTV) are here to stay for now, and decoupling is one of the methods for couples (or multiple owners) to reduce ABSD payable when buying their 2nd property. By decoupling, one party will take over the full ownership of the existing...
To work out the sales proceeds (or cash) you will receive from the sales of your HDB, you will need the following information: Estimated Sales Price of Your Property Outstanding Mortgage Loan Amount CPF Monies Utilised Property Agent Commission Legal Fees Mortgage...
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...
