Category Archives: shop for sale in Singapore

Tax resident and non-resident – Shop for sale Singapore Different tax rates apply for tax residents and non-residents. A person will be treated as a tax resident for a particular Year of Assessment (YA) if he is a, shop for sale … Continue reading →

Landlord’s responsibility for due diligence checks – Shop for sale in Singapore Check the original immigration/ work or other passes of the tenant for forgery. Shop for sale in Singapore. Cross-check particulars of these passes with the original passports and … Continue reading →

Waiver of DC – Shop for sale in Singapore Conservation properties are exempted from DC when changed from residential to commercial use. DC is still payable if an additional floor area is added to conservation property. Conversion of industrial land … Continue reading →

Conditions for approval to purchase restricted residential property – Shop for sale in Singapore Upon approval from LDAU, foreigners can only own 1 restricted residential property for his own occupation and that of his family members as dwelling houses, not … Continue reading →

What is a tort? – Shop for sale in Singapore A tort is a civil wrong which is committed against an individual (includes legal entities such as companies), rather than the state (government), and which gives rise to a civil … Continue reading →

No conflict of interest – Shop for sale in Singapore A real estate salesperson should always act in the principal’s best interest. This naturally means that he/she should never accept any secret commissions/rebates/profits which would be detrimental to the interest … Continue reading →

Limitation clause – Shop for sale in Singapore A limitation clause is a clause that limits one’s damages.  For example: This option shall expire on the Expiry Date and will become null and void if not exercised on or before … Continue reading →

Conditions and warranties – Shop for sale in Singapore Condition: major term which “goes to the root of the contract”, if broken, party may treat contract ended or carry on, or claim damages. Warranty: minor term of contract, if broken, … Continue reading →

Offer – Shop for sale in Singapore An offer is a proposition made by one person to another. The person making the offer is called the offeror, and the person to whom the offer is made is called the offeree. … Continue reading →