Jun 13, 2013 | Buying Singapore Property
You can consider taking an equity or term loan on the investment property when the value has increased while still keeping the property. This can be done only with private properties when the current Market Value of the property is higher than the current loan...
Jun 6, 2013 | Buying Singapore Property
In the event your rented property is to be sold for enbloc redevelopment, you can give your Tenant three to six months’ notice in writing to terminate the Tenancy Agreement. Do ensure this consideration is included in the TA when your unit is undergoing enbloc.You do...
May 29, 2013 | Buying Singapore Property
(Reference: www.iras.gov.sg) Rental income is taxable in Singapore.However, there are expenses that you can deduct from your rental income: Interest on mortgage loan Property tax Fire insurance Commission paid on getting a subsequent Tenant Cost of renewing a lease or...
May 22, 2013 | Buying Singapore Property
It is important to know what you can and cannot do when your Tenant is not able to pay the rental on time. First of all, convince your Tenant to use GIRO (General Interbank Recurring Order) or a Standing Order with the bank to transfer the rental payment to your bank...
May 15, 2013 | Buying Singapore Property
It is common to have a one to two year lease period in Singapore, typically two years if it is a comfortable duration for both the Landlord and Tenant.In the event you want to have a longer lease term but are not sure if you want to keep the same rental rate, you can...
May 8, 2013 | Buying Singapore Property
(Reference:www.ica.gov.sg, www.mom.gov.sg) The Immigration Act declares that it is an offence for any person to harbor illegal immigrants. Do your due diligence to ascertain that your Tenants hold a valid permit or passto let them stay in Singapore. The Act sets out...
May 1, 2013 | Buying Singapore Property
Would you rather accept a lower than expected rental or leave the rental unit vacant when you are not able to find a Tenant who can pay your expected rental? Besides looking at the rental yield, which is dependent on the purchase price, another element to help in...
Apr 24, 2013 | Buying Singapore Property
(Reference: www.singaporepower.com.sg) You do not need to terminate the existing power supplies or utilities for the new Tenant.All you have to ensure is that the next occupier submits a request to SP Services (Singapore Power,an energy utility company) to change the...
Apr 16, 2013 | Buying Singapore Property
(Reference: www.hdb.gov.sgwww.subcourts.gov.sg) For renting of an HDB flat, you have to apply for rental approval or renewal (this can be done online) before you lease the unit, and after meeting the Minimum Occupation Period (MOP). If the unit is not approved for...
Apr 10, 2013 | Buying Singapore Property
(Reference: www.iras.gov.sg) Stampingthe Tenancy Agreement (TA) is an important protection to both the Tenant and the Landlord.This document binds both parties until the end of the lease. Evasion of stamp duty is a serious offence in Singapore.In most TAs, this cost...
