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(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…
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 unsatisfactory Tenantsand consider the relevant laws. As a Landlord you…
Residential Shan Gate apartments up for collective sale The 27-unit 10-storey residential development located along Shan Road near the Novena Medical Hub and the Novena MRT Station is asking for $51.5-53.5 million or $1,010-1,049 psf ppr excluding balcony allowance, or $918-953 psf ppr if included, based on a 2.8 gross plot ratio on the 18,305…
Residential ABSD reimbursing may be a cause for concern To prevent the ABSD from affecting sales, developers have been offering discounts, rebates and even reimbursing the ABSD. This may potentially distort property and loan values and obscure transparency in the market especially since these discounts are given only after the transaction, meaning that the prices…
Residential Thomson View Condo and Kemaman View up for collective sale 99-year leasehold (with 62 years remaining)Thomson View Condominium along Upper Thomson Road is asking for $580 million or $685 psf ppr including $107 million to enhance the land use and another $90 million to top up the lease. If the development charge of $…
By Mr. Propwise Your property agent is supposed to always act in the best interests of the buyer and/or seller but many of us know from personal experience or anecdotal evidence that that is not always the case. In order to protect consumers, the Council for Estate Agencies (CEA) has published a brochure titled Consumer…
Here’s issue #17 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru). 1. PropertyGuru launches Singapore’s only dedicated property newspaper PropertyGuru.com, Asia’s leading property portal, has launched the first and only dedicated property newspaper in Singapore – The PropertyGuru. 2. Govt identifies new SERS site in East Coast…
By Harn Ho (guest contributor) In Part One, “Overseas Property Investment: What You Should Know Before You Buy”, I discussed a number of steps a new investor can take to ensure they know what they are getting into before committing to an overseas property purchase. In Part Two, I will cover additional factors a buyer…
With the price of housing continuing to increase and many finding it unaffordable (or unwise) to buy a property in the current market, renting is increasingly becoming a popular option. This article is your guide on how to rent a property. If you’re not sure whether to buy or rent in Singapore, read this article…
With the growth of PRs and non-residents far exceeding that of citizens over the last five years, there has been a growing sentiment among Singaporeans that foreigners are crowding out the market and pushing up property prices. From 2004 to 2009, the number of PRs and non-residents grew at a compounded annual growth rate of…