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...
Let’s get back to basic. Here’s an overview of the Build-to-Order (BTO) Flats from HDB, Executive Condominium from Developer, Private Condominium & Landed Property regarding Buying Eligibility, Financing Options, Resale & Rental Restriction. For...
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...