Notification of changes to loan details for bank loan – Property for rent Singapore

Posted on 11/12/2014 by albertlu

Notification of changes to loan details for bank loan – Property for rent Singapore

A member who has used CPF for the flat and his financier are required to notify the Board of the following: Property for rent Singapore.
a) full redemption of the housing loan
b) refinancing or re-mortgage of the flat
c) increase in loan quantum approved by the financier (Note: If the quantum exceeds the CPF WL, the Board may require the member and his financier to maintain a separate loan account for the excess sum.)
d) Changes in term of loan (applicable if using CPF for monthly instalment payment)  Continue reading →

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CPF withdrawal limits for flat with a remaining lease of at least 60 years for bank loan- Singapore property for rent

Posted on 10/12/2014 by albertlu

CPF withdrawal limits for flat with a remaining lease of at least 60 years for bank loan- Singapore property for rent

The lumpsum CPF withdrawn plus the loan taken for the purchase of the flat cannot exceed the CPF Valuation Limit (VL), which is the lower of the purchase price or the value of the flat at the time of purchase as assessed by the Board. The Board reserves the right to release monies based on the value of the flat as assessed by the Board. Singapore property for rent. Continue reading →

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Use of CPF for HDB bank loan – Singapore property for rent

Posted on 10/12/2014 by albertlu

Use of CPF for HDB bank loan – Singapore property for rent

A member is allowed to withdraw his CPF Ordinary Account (OA) savings under the Approved Housing Schemes for: Singapore property for rent.
a) Direct payment of purchase price of the flat, including cost of common areas, to the HDB and/or sellers. The approved CPF moneys will only be released after the member has paid the balance (purchase price less housing loan and approved CPF moneys) in cash. Any difference between the purchase price and the value of the flat (i.e., Cash Over
Valuation) has to be paid in cash.  Continue reading →

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Recipient of CPF Monies – Singapore property for rent

Posted on 08/12/2014 by albertlu

Recipient of CPF Monies – Singapore property for rent

Any withdrawal made by a member shall not be paid to the member but shall be paid direct to the Housing and Development Board, Town Councils or such other entity as the Board thinks fit to receive such monies. Singapore property for rent.  Continue reading →

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Monthly repayment for HDB loan – Singapore property for rent

Posted on 08/12/2014 by albertlu

Monthly repayment for HDB loan – Singapore property for rent

The amount of CPF savings to be withdrawn each month for instalment payments shall not exceed the amount required for the monthly repayment of the HDB housing loan. Singapore property for rent.

For a member who has applied to use CPF for monthly repayment of housing loan, the Board will cease the CPF monthly deduction when there is no CPF contribution for 6 consecutive months and no balances that can be used for housing. If he wishes to use his CPF for the monthly repayment of housing loan subsequently, he is required to apply again by submitting an application form.  Continue reading →

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Withdrawal Limit for Purchase of a Resale HDB Flat – Property for sale Singapore

Posted on 08/12/2014 by albertlu

Withdrawal Limit for Purchase of a Resale HDB Flat – Property for sale Singapore

The total CPF savings which a member can withdraw to buy a resale HDB flat is subject to the Valuation Limit (VL) as determined by the CPF Board. The VL is the purchase price or the market value of the flat, at the time of purchase, whichever is lower. Property for sale Singapore. Continue reading →

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Use of CPF to purchase HDB flats with HDB loan – Property for sale Singapore

Posted on 08/12/2014 by albertlu

Use of CPF to purchase HDB flats with HDB loan – Property for sale Singapore A member is allowed to withdraw his Ordinary Account savings under the Scheme for: Property for sale Singapore. a) Direct payment of purchase price of the … Continue reading →

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Progressive Property Tax Rates for Owner-Occupied Residential Properties – Property for sale Singapore

Posted on 01/12/2014 by albertlu

Progressive Property Tax Rates for Owner-Occupied Residential Properties – Property for sale Singapore

As announced in Budget 2013, the progressivity of the property tax structure
for owner-occupied residential properties will be enhanced through the
introduction of additional tiers of tax rates for properties with higher annual
values. Property for sale Singapore.  Continue reading →

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Help families to live closer – HDB flats for sale

Posted on 27/11/2014 by albertlu

Help families to live closer – HDB flats for sale

The Minister for National Development, Khaw Boon Wan announced that the Government is taking steps to further help families live close to one another. This follows feedback and suggestions received at the series of Housing Conversations on “Closer Families, Stronger Ties” held earlier this year. HDB flats for sale. Continue reading →

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Private residential statistics 3Q14 – Singapore property for sale

Posted on 27/11/2014 by albertlu

Private residential statistics 3Q14 – Singapore property for sale

Prices of private residential properties decreased by 0.7% in 3rd Quarter 2014, following the 1.0% decline in the previous quarter. This was the fourth straight quarter of price decline. Singapore property for sale. Continue reading →

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Progressive Property Tax Rates for Non-Owner-Occupied Residential Properties – Singapore property for sale

Posted on 04/11/2014 by albertlu

Progressive Property Tax Rates for Non-Owner-Occupied Residential Properties – Singapore property for sale

As announced in Budget 2013, a six-tier progressive property tax rate structure will be introduced for non-owner-occupied residential properties to increase the progressivity of the property tax structure. The new progressive property tax rate structure will take effect from 1 January 2014. Other properties like land parcels, commercial and industrial buildings will continue to be taxed at 10%. Singapore property for sale.

Continue reading →

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Checking the Option Exercise Fee Cheque – HDB flats for sale

Posted on 02/10/2014 by albertlu

Checking the Option Exercise Fee Cheque – HDB flats for sale

Facts of Case

The Respondent represented the seller in the sale of his HDB flat (‘Property’). After viewing the Property, the buyer and his father (the Complainant) decided to purchase the Property. HDB flats for sale. Continue reading →

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Bringing Disrepute to the Real Estate Industry – HDB flats for rent

Posted on 02/10/2014 by albertlu

Bringing Disrepute to the Real Estate Industry – HDB flats for rent

Facts of Case

The Complainant had enquired with the Respondent about his advertisement for the rental of a HDB flat (‘Flat’). HDB flats for rent. Continue reading →

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Failing to declare conflict of interest – HDB flat for sale in Singapore

Posted on 02/10/2014 by albertlu

Failing to declare conflict of interest – HDB flat for sale in Singapore

Facts of Case

The Respondent acted for the buyers in their purchase of a HDB flat (‘Property’). The Respondent did not disclose to her clients that one of the co-sellers was her husband and the other two co-sellers were her parents-in-law. HDB flat for sale in Singapore. Continue reading →

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Misleading Potential Tenants – Singapore HDB flat for rent

Posted on 01/10/2014 by albertlu

Misleading Potential Tenants – Singapore HDB flat for rent

Facts of Case

The Respondent represented the buyers of the seller’s former HDB flat (‘former flat’). The seller needed to rent a HDB flat for her family to stay before they could move into their new HDB flat. The Respondent sought to lease a HDB flat (‘the Property’) to the seller during such transition period. Singapore HDB flat for rent. Continue reading →

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Advertising Property Without Owner’s Consent – Singapore HDB flat for sale

Posted on 01/10/2014 by albertlu

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 Times. The Respondent saw the advertisement and advertised the property on the Property Guru website without seeking consent from the owner. The owner was aggrieved and complained to CEA. Singapore HDB flat for sale. Continue reading →

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Misleading Co-broke Salesperson – Singapore property for sale

Posted on 01/10/2014 by albertlu

Misleading Co-broke Salesperson – Singapore property for sale

Facts of Case

The seller (complainant) appointed the Respondent on an exclusive basis to sell her property and agree to pay her a commission of 1.5% of the price upon a successful sale of the property. Singapore property for sale. Continue reading →

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Sale of Executive Condominium (EC) in open market – Property for sale Singapore

Posted on 29/09/2014 by albertlu

Sale of Executive Condominium (EC) in open market – Property for sale Singapore

Overview
Executive Condominium (EC) was introduced to cater to Singaporeans, especially young graduates and professionals who can afford more than an HDB flat but find private property to be out of their reach. ECs are comparable in design and facilities to private condominiums as they are developed and sold by the private developers. Property for sale Singapore.  Continue reading →

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Final HUDC Estate Designated for Privatization – Singapore real estate agency

Posted on 24/09/2014 by albertlu

Final HUDC Estate Designated for Privatization – Singapore real estate agency

Braddell View, a HUDC Estate, has been designated for privatization. It is the last of 18 HUDC estates to be announced for privatization. Singapore real estate agency. Continue reading →

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Revision of Development Charge Rates – Singapore property for sale

Posted on 24/09/2014 by albertlu

Revision of Development Charge Rates – Singapore property for sale

The Ministry of National Development has revised the development charge (DC) rates for the period from 1 September 2013 to 28 February 2014. The review is carried out on a half-yearly basis, in consultation with the Chief Valuer. Singapore property for sale.  Continue reading →

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