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...
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...
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...
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...
