Category Archives: Singapore HDB flat for sale

Advertising Property Without Owner’s Consent – Singapore HDB flat for sale Facts of Case An owner of a HDB flat had granted an estate agent exclusive authority to sell his property. The estate agent posted a classified advertisement in the Straits … Continue reading →

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

Positive sale – Singapore HDB flat for sale Positive sale means the seller enjoys some PROFIT after settling the outstanding mortgage loan and refund of CPF plus interest (if any).

Legal fees – Singapore HDB flat for sale Buyers have a choice of whether to appoint HDB lawyers or outside solicitors to act for them in the sale & purchase. By appointing HDB lawyers or outside solicitors to act them, … Continue reading →

CPF Withdrawal Limit – Singapore HDB flat for sale To prevent buyers from over-using the CPF on property repayment, CPF has set a Withdrawal Limit (WL) under the following conditions: Singapore HDB flat for sale. 

CPF Valuation Limit – Singapore HDB flat for sale The lump sum CPF withdrawn plus the loan taken for the purchase of the flat cannot exceed the Valuation Limit (VL), which is the lower of the purchase price or market … Continue reading →

Initial payment when taking HDB/ bank loan – Singapore HDB flat for sale Initial payment when taking HDB loan = 10% of the resale price or valuation price of the flat, whichever is lower (Can use CPF monies or CPF Housing Grant … Continue reading →

HDB flats used as office – Singapore HDB flat for sale HDB flats are meant for residential purpose. The only exception is the HDB Home Office (HO) Scheme. All other purposes such as place of worship, etc. are not allowed. … Continue reading →

MOP for Executive Condominium – Singapore HDB flat for sale Singapore HDB flat for sale – The Minimum Occupation Period (MOP) for new Executive Condominium (EC) owner is 5 years which is computed from the Temporary Occupation Period (TOP) date. … Continue reading →