7 Singapore Property Market Trends in 2014 and Beyond

By Paul Ho (Guest Contributor) The numerous property cooling regulations imposed by the MND, URA, MAS and IRAS have done much to curb the speculative fever in the property market, but regulations to stop the latent demand are futile. In short, if there are 20,000 people needing houses and only 10,000 houses, then prices will…

Property Renting Tip #10: Rental Income from 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 getting a new Tenant and General repairs and monthly maintenance charges paid to the Management…

Property Renting Tip #2: Stamping the Tenancy Agreement

(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 is borne by the Tenant. The TA is the only contractual document given to…

Property Buying Tip #8: Property Tax

(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, the lawyers would apportion the tax liability for the seller and the…

Buying Commercial Properties – What to Look Out For?

By MoneyIQ (guest contributor) Recently I met up with an old classmate of mine, who had just purchased a commercial property for investment purposes. I thought it would be great if he could share some of his experiences when buying commercial property, and we’ve put up some quick tips for you: 1. Tenure Most commercial…

The Pros and Cons of Buying versus Renting

Home ownership is a big deal for Singaporeans. The most critical part of the 5 Cs in the Singapore Dream is the one that stands for Condo (the other four being Cash, Car, Credit Card and Career). Thus buying a home is often an emotional decision rather than a rational one, sometimes with financially distressing…