Property Buying Tip #12: Defects Liability Period

(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 effective when the property’s TOP is announced, i.e., it is based on the date of…

URA Property Price Index at All Time High

By Mr. Propwise From the URA’s flash estimate of the 2Q2011 Property Price Index, property prices in Singapore have (again) hit an all time high. Prices were up 1.9% in 2Q2011 on a quarter-on-quarter basis and 10.1% on a year-on-year basis. At the current levels the price index is 14.3% above the previous 2Q2008 peak,…