Category Archives: Property in Singapore for sale

Duty of salesperson engaged by buyers – property in Singapore for sale Property in Singapore for sale – a) It is the duty of Salesperson to explain all items in the Resale Checklist to the buyers and tick all the boxes. … Continue reading →

ABSD under Free Trade Agreements – Property in Singapore for sale Nationals of United States of America, Switzerland, Liechtenstein, Norway and Iceland will be accorded with the same treatment as SCs under the Free Trade Agreements. Such buyers are required … Continue reading →

Properties included in the count for ABSD – Property in Singapore for sale Property in Singapore for sale – All residential properties are included in the count whether wholly or partially or jointly with others, including the following: All residential … Continue reading →

ABSD for multiple buyers – Property in Singapore for sale Property in Singapore for sale – For purchase made by multiple buyers with different profiles, the ABSD is payable as follows:

Buyer’s Stamp Duty for private – Property in Singapore for sale With effect from 22 February 2014, the Buyer’s Stamp Duty (BSD) for purchase of private properties is as follows: Property in Singapore for sale. 1st $180,000 of purchase price … Continue reading →

Transaction costs – Property in Singapore for sale Property in Singapore for sale – The buyer has to pay the following transaction costs in the purchase of a property:

Fixed rate loans – Property in Singapore for sale Interest rate is fixed for a certain number of years, meaning that the fixed interest rate will not change, even if prevailing interest rates should rise or fall. Upon expiration, the … Continue reading →

Priority of mortgages – Property in Singapore for sale A single property may be mortgaged to more than one financial institute/bank. Priority of mortgages refers to which financial institute/bank has the priority to get back its loan especially when the … Continue reading →

Equitable mortgages – Property in Singapore for sale In an equitable mortgage, there is no transfer of the title to the mortgagee. An equitable mortgage is basically a mortgage of the property by deposit of the title of the property. … Continue reading →

Subletting – Property in Singapore for sale Subletting is arrangement to sublet all or part of a rented property to another person. For example, a tenant (John) rented an apartment from his landlord (Peter). The landlord (Peter) and the tenant … Continue reading →

Tenant’s implied covenants – Property in Singapore for sale Property in Singapore for sale – In the absence of expressed covenants, the implied covenants of a tenant are as follows: To pay rent promptly to the landlord without any deductions … Continue reading →

Due diligence check clause – Property in Singapore for sale The law has made it a requirement that the landlord must perform due diligence by checking on the particulars of the tenant. It is usually stated in the tenancy that: … Continue reading →

Forfeiture clause – Property in Singapore for sale If the rent remains unpaid for a certain number of days (as stipulated in the tenancy) after becoming payable, normally there will be a forfeiture clause in the tenancy to permit the … Continue reading →

Frustration clause – Property in Singapore for sale In the event the premises or any part thereof shall be destroyed or rendered unfit for use by fire, tempest, flood or other act of God, except where such act is caused … Continue reading →

Reinstatement clause – Property in Singapore for sale The tenant shall peaceably and quietly at the expiration of the tenancy reinstate (if applicable) and deliver up to the landlord the premises in like condition as if the same were delivered … Continue reading →

Compliance with fire insurance policy clause – Property in Singapore for sale The tenant shall not to do or permit to be done anything whereby the policy or policies of insurance in respect of the premises against damage by fire … Continue reading →

Dangerous storage clause – Property in Singapore for sale The tenant shall not to bring or store or permit to be brought or store on the premises or any part thereof any goods which are of a dangerous obnoxious inflammable … Continue reading →

For sale clause – Property in Singapore for sale The tenant shall permit persons with authority from the landlord at all reasonable times by prior appointment to enter and view the premises whenever the landlord wants to sell the premises. … Continue reading →

Illegal activity or nuisance clause – Property in Singapore for sale The tenant shall not to do or permit to be done upon the premises anything which may be unlawful or immoral or become a nuisance or annoyance to occupiers … Continue reading →

Unauthorised alterations clause – Property in Singapore for sale The tenant shall not make any alterations to the premises without the prior consent in writing from the landlord. Such consent should not to be unreasonably withheld except for structural alterations.