Apr 4, 2013 | Buying Singapore Property
Do you have what it takes to be a Landlord? The responsibilities of a Landlord are considerable. It’s not just about providing a space for your Tenants.There are rents to collect, repairs to attend to and maintenances to deal with. You also have to handle...
Mar 27, 2013 | Buying Singapore Property
(Reference:www.bca.gov.sg) Many buyers have the impression that the one year defects liability period for brand new property starts from the day the Buyer collects the key when the unit hasreceived its TOP (Temporary Occupation Period).This is not correct. It is...
Mar 20, 2013 | Buying Singapore Property
(Reference: www.hdb.gov.sg) The current regulation does not allow you to buy a public housing or Housing Development Board (HDB) Flat if you own private property in Singapore or any other countries (unless you disposethe private property within six months of the...
Mar 13, 2013 | Buying Singapore Property
In Singapore, there are two forms of co-ownership for residential property. (1) Joint Tenancy [right to survivorship] Two or more parties have rights to the land as if they were a single owner. It also implies the right to survivorship i.e. when one party dies, his or...
Mar 6, 2013 | Buying Singapore Property
(Reference: www.iras.gov.sg) In Singapore, property tax on the ownership of property is based on the gross annual value of the property. The gross annual value is determined on the hypothetical assumption that the property is vacant and to be let. In most instances,...
Feb 27, 2013 | Buying Singapore Property
When buying from the Open or Resale market, a 1% Booking or Option Fee is required upfront and you are given a period of time, usually 14 days, to pay the balance 4% to exercise the Option to Purchase (OTP). In other words, you will need a minimum of 5% cash to pay...
Feb 20, 2013 | Buying Singapore Property
There is no minimum CPF amount required to be used when buying property in Singapore. In other words, you can use all CASH to buy property if you want to. There is, however, a minimum Cash component when buying property: If you have no outstanding home loan, you can...
Feb 13, 2013 | Buying Singapore Property
(Reference: www.cpf.gov.sg) The Central Provident Fund (CPF) is a comprehensive social security savings plan that has provided many working Singaporeans with a sense of security and confidence in their old age. The savings in the Ordinary Account can be used to buy a...
Feb 6, 2013 | Buying Singapore Property
(Reference: www.creditbureau.com.sg) Maintaining a good personal credit record is important especially when you are applying for a housing loan. This includes timely payment of your mortgage loan, credit card debt, cash overdraft, car loan and so on. Please remember...
Jan 30, 2013 | Buying Singapore Property
A Mortgage or Housing loan is a good debt where you are able to borrow money to gain a higher return versus the lower mortgage interest rate, especially when the interest rate is lower than the inflation rate. In addition, you can better protect your family with...
