Stamp duty – Condo for sale Singapore

Stamp duty – Condo for sale Singapore

Stamp duty is a tax on executed documents relating to properties or interest in properties. Stamp duty is payable only on documents described in the First Schedule to the Stamp Duties Act (Cap 312). These documents include a lease, sale and purchase, gift or mortgage of property. Condo for sale Singapore.  Continue reading

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List of approved housing – House for sale in Singapore

List of approved housing – House for sale in Singapore

The following list for approved housing is provided by the relevant approving agencies (i.e. Urban Redevelopment Authority (URA), Singapore Land Authority (SLA), Jurong Town Corporation (JTC), Housing Development Board (HDB) and Agri-Food & Veterinary Authority (AVA) – House for sale in Singapore. Continue reading

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Registration of foreign worker addresses with MOM – Property for sale Singapore

Registration of foreign worker addresses with MOM – Property for sale Singapore

All employers of Work Permit holders are required to provide updated residential addresses of their foreign works to the ministry within five days of commencement of employment and subsequently any change in their address. Property for sale Singapore.

Please click here to search for property for sale Singapore.

property for sale Singapore

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Responsibility of employers to provide acceptable accommodation – Singapore room for rent

Responsibility of employers to provide acceptable accommodation – Singapore room for rent

Under the Work Permit (WP) conditions, employers are required to provide acceptable accommodation for their foreign workers (FW) – Singapore room for rent Continue reading

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Agent’s responsibility for due diligence checks – Singapore HDB flat for sale

Agent’s responsibility for due diligence checks – Singapore HDB flat for sale

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

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 check photographs with the actual person Continue reading

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MHA’s Immigration Act – Office for sale in Singapore

MHA’s Immigration Act – Office for sale in Singapore

Guilty of harbouring illegal immigrant or an overstayer – Landlord / Agent can be imprisoned for 6 months to 2 years and or Fine up to $6000. Office for sale in Singapore.

HDB compulsory acquire the flat under the Housing & Development Act if found illegal immigrants in HDB flat Continue reading

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Matters to be disregarded in determining compensation – Real estate for sale in Singapore

Matters to be disregarded in determining compensation – Real estate for sale in Singapore

In determining the amount of compensation to be awarded for land acquired under this Act, the Board shall not take into consideration. Real estate for sale in Singapore.

(a) the degree of urgency which has led to the acquisition; Continue reading

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Matters to be considered in determining compensation – Apartment for sale in Singapore

Matters to be considered in determining compensation – Apartment for sale in Singapore

In determining the amount of compensation to be awarded for land acquired, the Board shall take into consideration the following matters:- Apartment for sale in Singapore.

(a) where the date of acquisition of the land is on or after 12th February 2007, the market value of the acquired land; Continue reading

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No constitutional protection of land right – Condo for sale in Singapore

No constitutional protection of land right – Condo for sale in Singapore

  • Notification shall be conclusive evidence that the land is needed for purpose stated.
  • No provision in Act for the Challenge of the ACQUISITION Continue reading
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Land Acquisition Act – Home for sale in Singapore

Land Acquisition Act – Home for sale in Singapore

State can acquire any land under the Land Acquisition Act for the following purpose: Home for sale in Singapore.

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Strata Titles Board (STB) under Ministry of National Development (MND) – House for sale in Singapore

Strata Titles Board (STB) under Ministry of National Development (MND) – House for sale in Singapore

Roles of STB. House for sale in Singapore. Continue reading

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Share value – Property for sale in Singapore

Share value – Property for sale in Singapore

Property for sale in Singapore – Share value represents the proportionate share entitlement assigned to each strata unit relative to the other owners in the same development. Also, share value determines the right and obligation of the individual SP: Property for sale in Singapore. Continue reading

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Building Maintenance and Strata Management Act – Room for rent in Singapore

Building Maintenance and Strata Management Act – Room for rent in Singapore

  • Under the LTSA, it is compulsory to form a Management Corporation (MC) which comprises of 3 to 14 Council members elected by SP to represent them. Continue reading
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Differential premium for extension of lease – HDB flat for sale in Singapore

Differential premium for extension of lease – HDB flat for sale in Singapore

  • Amount payable to extend lease term on state land.
  • E.g. Existing 99 leasehold land has a remaining lease term of 60 years. Developer wishes to develop the project with a new lease of 99 years.Developer is to pay “before” extension and “after” extension value as differential premium. Continue reading
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Waiver of DC – Shop for sale in Singapore

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 in Hillview and Bt Timah areas to residential developments. Continue reading
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Development Charge (DC) Fixed Rate Table method – Office for sale in Singapore

Development Charge (DC) Fixed Rate Table method – Office for sale in Singapore

DC Table – contains rates for different land use groups according to geographical areas. office for sale in Singapore.

  • Island divided into 118 geographical sectors
  • 10 Use Groups (including 2 residential use groups) Continue reading
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Differential Premium (DP) calculation based on valuation method – Real estate for sale in Singapore

Differential Premium (DP) calculation based on valuation method – Real estate for sale in Singapore

DP is based on 70% (before 18 July 2007 – 50%) of the enhanced in value arising from the grant of planning permission. Real estate for sale in Singapore.

Enhanced value = Development ceiling less Development baseline Continue reading

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State lands act – Apartment for sale in Singapore

State lands act – Apartment for sale in Singapore

Chief Valuer is appointed by the President to carry out the valuation of all State lands, lands managed for or on behalf of the Government or buildings on any such land for their disposal; and to carry out valuation of any lands and buildings required for feasibility studies, court proceedings, arbitration or other purposes. Apartment for sale in Singapore. Continue reading

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Stamp duties act – Condo for sale Singapore

Stamp duties act – Condo for sale Singapore

Stamp duty is not a tax on the transaction itself but levied on the specified documents under the Stamp Duties Act (Cap 312). Condo for sale Singapore.

Documents that need stamping are: Continue reading

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