Background on the EC at Sumang Walk The tender exercise for the executive condominium (EC) site at Sumang Walk in Punggol attracts a whopping 17 bids, with the top bid submitted by renowned developers City Developments Limited (CDL) and TID Residential. The top bid...
INTRODUCTION Generally, most parents leave their estate to their children. However, what happens when a child should predecease you? What then, becomes of his share will depend on how your Will is drafted. RE WILL OF LOKE SOH LUI, DECEASED [1997] SGHC 346 Such was the...
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...
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...
