Author Archives: albertlu

Safeguarding confidential information – Singapore real estate agent

Posted on 06/05/2013 by albertlu

Safeguarding confidential information – Singapore real estate agent Estate Agent/Salesperson shall not disclose or otherwise use any confidential information of or relating to the client unless the disclosure or use is made with the consent of the client, or is otherwise … Continue reading →

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Duty to avoid conflict of interests – Warehouse for sale in Singapore

Posted on 03/05/2013 by albertlu

Duty to avoid conflict of interests – Warehouse for sale in Singapore Must not accept an appointment by or continue to act on behalf of a client where to do so would place the agent’s or salesperson’s interests in conflict or … Continue reading →

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General duty to clients and public – Factory for sale in Singapore

Posted on 02/05/2013 by albertlu

General duty to clients and public – Factory for sale in Singapore Shall render professional and conscientious service to their clients and shall act with honesty, fidelity and integrity, including the following. Factory for sale in Singapore: Must act according to … Continue reading →

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Interpretation or translation if necessary – Apartment for sale in Singapore

Posted on 30/04/2013 by albertlu

Interpretation or translation if necessary – Apartment for sale in Singapore Shall ensure that any information or explanation is conveyed to the client in the language or dialect that the client understands. Apartment for sale in Singapore.

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Obligations in respect of agreements – Condo for sale in Singapore

Posted on 29/04/2013 by albertlu

Obligations in respect of agreements – Condo for sale in Singapore Must ensure that all agreements concerning financial obligations and commitments in respect of any transaction are in writing, and record the exact agreement between the parties concerned. Condo for … Continue reading →

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Duties of a salesperson – House for sale in Singapore

Posted on 26/04/2013 by albertlu

Duties of a salesperson – House for sale in Singapore The duties of a salesperson to his clients are as follows. House for sale in Singapore: Act in the best interest of the client Act in accordance with the lawful instructions … Continue reading →

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Non-landed housing type – Room for rent in Singapore

Posted on 25/04/2013 by albertlu

Non-landed housing type – Room for rent in Singapore APARTMENT – not strata titled. Room for rent in Singapore. Apartment owner only owns the airspace without any share in land or common property APARTMENT – strata titled Land size is … Continue reading →

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Townhouse in Singapore – HDB flat for sale

Posted on 24/04/2013 by albertlu

Townhouse in Singapore – HDB flat for sale Townhouses are similar to a row of Terrace houses with not less than 3 units. HDB flat for sale. Each Townhouse is a strata-titled property with each unit having an undivided share … Continue reading →

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Landed housing types – Property for sale Singapore

Posted on 24/04/2013 by albertlu

Landed housing types – Property for sale Singapore There are 58 designated Landed Housing Areas. The different housing types in the 58 designated Landed Housing Areas are – property for sale Singapore: Good Class Bungalow (GCB) Detached Semi-Detached Terrace Town house Cluster … Continue reading →

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GST implemented – House for sale in Singapore

Posted on 31/03/2013 by albertlu

GST implemented – House for sale in Singapore GST implemented from 1 April 1994 – house for sale in Singapore Tax on consumption in Singapore including imports of goods Business with annual turnover of more than S$1 million – must … Continue reading →

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Rental expenses – Singapore real estate agency

Posted on 22/03/2013 by albertlu

Rental expenses – Singapore real estate agency For an expense to be deductible from rental income derived in Singapore, the expense must be incurred: Singapore real estate agency.

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Rent from property – Singapore real estate agent

Posted on 22/03/2013 by albertlu

Rent from property – Singapore real estate agent Rent received from the letting of property in Singapore is subject to income tax, while property is subject to property tax. Rental income includes rent of the premises, maintenance, furniture and fittings. After deductions for allowable … Continue reading →

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Tax resident and non-resident – Shop for sale Singapore

Posted on 21/03/2013 by albertlu

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 →

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Obligations of property owner – Office for sale in Singapore

Posted on 21/03/2013 by albertlu

Obligations of property owner – Office for sale in Singapore Owner is required to notify Chief Assessor within 1 month of the sale of property. Owner owns the property through succession is to notify the Chief Assessor within 1 year … Continue reading →

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Annual value of land and land under construction – Warehouse for sale in Singapore

Posted on 20/03/2013 by albertlu

Annual value of land and land under construction – Warehouse for sale in Singapore AV = 5% of est. value of land Calculation: Vacant land with area of 1,000m2 sold at market value of $2,000/m2. Calculate property tax payable.

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Property Tax Act – Singapore property for rent

Posted on 20/03/2013 by albertlu

Property Tax Act – Singapore property for rent Under Property Tax Act, everyone who owns property needs to pay property tax to IRAS (Inland Revenue Authority of Singapore) Singapore property for rent.

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Claim for refund on other rescinded or cancelled documents – Warehouse for sale in Singapore

Posted on 19/03/2013 by albertlu

Claim for refund on other rescinded or cancelled documents – Warehouse for sale in Singapore The instrument was found absolutely void from the beginning The instrument was found unfit for the original purpose intended by reason of any error or … Continue reading →

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Effect of non-stamping – Factory for sale Singapore

Posted on 19/03/2013 by albertlu

Effect of non-stamping – Factory for sale Singapore Document cannot be used as evidence in court. Late stamping penalty: Minimum of S$10, if less than 3 months from due date Minimum of S$25 or up to 4 times duty payable, … Continue reading →

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Mortgage stamp duty – Apartment for sale Singapore

Posted on 18/03/2013 by albertlu

Mortgage stamp duty – Apartment for sale Singapore With effect from 22 February 2014, the mortgage stamp duty rate is 0.4% of the loan subject to a maximum of S$500.00. Apartment for sale Singapore.

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Who is to pay stamp duty? – Condo for sale Singapore

Posted on 18/03/2013 by albertlu

Who is to pay stamp duty? – Condo for sale Singapore General rule – purchaser, tenant or mortgagor pays stamp duty. Rule may be varied by special agreement between parties. Condo for sale Singapore.

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