Category Archives: House for sale in Singapore

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 →

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 →

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) … Continue reading →

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

Transfer to preferred creditor – House for sale in Singapore The bankruptcy law provides that where a person is in financial difficulty and unable to pay his debts to his creditors, and transfers his property to one or another of … Continue reading →

Transfer of flat, house or other building on death of owner – House for sale in Singapore Transfer of a HDB flat on the death of an owner, whether testate or intestate, or any transfer by the personal representatives of … Continue reading →

Fulfilment of terms – House for sale in Singapore When the agent has fulfilled his duty in accordance to the terms of the agency agreement, the agency relationship is considered to have been completed through the fulfilment of terms.

By ratification – House for sale in Singapore “Ratify” means approve to the original agency relationship For example: The Exclusive to sell has expired but the agent continued to market the property. The seller did not stop the agent from … Continue reading →

Will the contract be discharged upon death of seller? – House for sale in Singapore The contract is not discharged upon death of seller. If the buyer is willing to wait, buyer is able to proceed with the purchase after … Continue reading →

Statement of opinion – House for sale in Singapore It is a statement of belief and built upon grounds that are incapable of proof.  A statement of opinion does not tantamount to misrepresentation if someone gives a wrong opinion.

Subject to contract – House for sale in Singapore Agreement endorsed/ marked with the words “subject to contract” does not give rise to a binding contract until a final agreement is entered into. Any document endorsed/ marked with the words … Continue reading →

Specific unfair practices in the Act – House for sale in Singapore 1.   Example of specific unfair practices is representing that goods or services have sponsorship, approval, performance characteristics, accessories, ingredients, components, qualities, uses or benefits that they do not … Continue reading →

SSD for residential property – House for sale in Singapore House for sale in Singapore – Seller’s Stamp Duty (SSD) is payable by the seller for residential property if it is sold within 4 years of holding period for OTP … Continue reading →

Duties of salesperson representing Purchaser/ Tenant – House for sale in Singapore House for sale in Singapore. If representing the Purchaser/ Tenant, the duties of a salesperson are as follows: (a) search for and locate suitable properties in accordance with the Buyer/Tenant’s … Continue reading →

Rules on loan tenure & loan-to-value for private residential – House for sale in Singapore With effect from 6 October 2012, the maximum tenure of private residential property loans will be capped at 35 years. House for sale in Singapore. … Continue reading →