Property Buying Tip # 11: Concurrent Ownership of HDB and Private 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 purchase date of a non-subsidized flat). There is no restriction on the number of…

Property Buying Tip #5: Cash Component

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 take up to an 80% loan…

Does a 60 Years Leasehold Condominiums Make Sense?

By guest contributor AK When I was told that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. Imagine that someone in his thirties bought a condo in Hong Kong and he lived to be 90 years old.  This effectively means that he could be kicked out of the…

Singapore Property News This Week #27

Residential Sale prices at a new high for The Marq on Patterson Hill The freehold project which consists of two 24-storey towers with a total of 66 units kept breaking record prices since May this year. In May, a 3,003-sq-ft, four-bedroom apartment in the Premier Tower in The Marq on Patterson Hill sold for a…