The Government will implement three measures for Executive Condominium (EC) developments to bring the terms for ECs closer to that for public housing, and help support a stable and sustainable EC market. This follows a review by MND on the EC Housing Scheme, taking into account feedback from the Our Singapore Conversation on Housing. Condo for sale Singapore. Continue reading
The current downpayment for flat buyers who take a housing loan from the HDB or
financial institutions (FIs) in the flat purchase is 10% and 20% respectively. Under
the Staggered Downpayment Scheme, they only need to pay half of the
downpayment when they sign the Agreement for Lease (which usually takes place
about four months after booking the flat), i.e. 5% for HDB loan cases or those who
do not need a loan, and 10% for FI-loan cases. HDB flats for sale. Continue reading
The Ministry of National Development (MND) and the Housing & Development Board (HDB) announced four enhancements to the Lease Buyback Scheme (LBS). The enhancements (2nd) will avail the LBS to more elderly households, and provide greater flexibility to suit different preferences and needs. HDB resale flats for sale. Continue reading
From 16 January 2014, HDB will introduce a quota on the subletting of whole HDB flats to non-citizen (NC) subtenants. This is to prevent the formation of foreigner enclaves in HDB estates, and maintain the Singaporean character of our HDB heartlands. HDB flats for rent. Continue reading
Sellers of HDB flats will, with effect from today, be able to negotiate with their buyers for a temporary extension of stay in their HDB flats, by up to three months. This is part of HDB’s regular review to respond to the needs of HDB resale flat sellers and buyers. This move will facilitate sellers who are transiting to their next homes, including those who may need more time for renovation or those awaiting funds from the sale of their current flats, eg. contra cases. HDB flats for sale. Continue reading
Previously, Singapore Permanent Resident (SPR) households, i.e. SPR households with no Singapore citizen (SC) owner, may buy resale HDB flats as soon as they acquire SPR status. HDB resale flats for sale. Continue reading
To ensure financial prudence in purchase of public housing and discourage over-consumption, HDB reduced the maximum tenure for HDB housing loans from 30 years to 25 years. The Mortgage Servicing Ratio (MSR) limit will also be reduced from 35% to 30% of the borrower’s gross monthly income. HDB for sale Singapore. Continue reading
HDB piloted a new type of Three-Generation (3Gen) flats to cater to multi-generation families living under one roof. These 3Gen flats will feature four bedrooms and three bathrooms (two en-suites), with an internal floor area of about 115 square metres. HDB flat for sale. Continue reading
Previously, the Multi-Generation Priority Scheme (MGPS) allowed parents applying for a Studio Apartment (SA) or a 2-room flat to submit a joint application with their married child applying for a 2-room or bigger flat in the same BTO project. This enables both families to live in the same precinct for mutual care and support. HDB for sale. Continue reading
Previously, housing grants were only available to first-time buyers of HDB flats. Second-time buyers of subsidised flats are also subject to the resale levy. The resale levy reduces the subsidy on the second subsidised flat, so as to maintain a fair allocation of public housing subsidies between first and second-timers. The resale levy policy will stay. HDB for sale. Continue reading
The Special CPF Housing Grant (SHG) was first introduce on 3 March 2011 by MND to help Families earning up to $2,250 a month to buy their first new 2- to 3-room flat direct from HDB. HDB for sale.
From 27 August 2013, the SHG was enhanced to also benefit middle- income household buying up to 4-room new flats direct from HDB in non-mature estates with income of up to $6,500. Continue reading
Executive Condominiums (EC) were introduced to cater to Singaporeans, especially young graduates and professionals who cannot qualify to buy new HDB flats but find private property to be out of their reach. ECs are developed and sold by the private developers and are comparable in design and facilities to private condominiums. HDB for rent. Continue reading
The Disciplinary Committee (DC) formed by the Council for Estate Agencies (CEA) has concluded the disciplinary proceedings against salesperson, Chua Cheng Thian, Benny on 26 February 2013. Singapore property for sale. Continue reading
The Monetary Authority of Singapore (MAS) will introduce a Total Debt Servicing Ratio (TDSR) framework for all property loans granted by financial institutions (FIs) to individuals. This will require FIs to take into consideration borrowers’ other outstanding debt obligations when granting property loans. Singapore property for sale. Continue reading
Before HDB flat owners are eligible to sell their flats in the open market, they must have physically occupied their flats for a period of time, referred to as the Minimum Occupation Period (MOP). HDB flats for sale. Continue reading
The Council for Estate Agencies (CEA) charged a former real estate salesperson Nangoi Demelza Carmelita in Court today at 9am with eight charges for allegedly representing both landlords and tenants in the same property transaction (4 charges), handling money for the landlords and tenants (3 charges), and for not attending before a CEA inspector as required (1charge). Real estate agency. Continue reading
The sources of demand for property are generally from political/institutional, social and economic factors. Property for sale in Singapore.
Political stability creates confidence in investing in property. On the other hand, political instability will dampen business confidence and dampen demand for property. Continue reading
Multiple interests in the same land can co-exist at the same time, for example. Real estate for sale in Singapore.
The identification of property is not from the address of the property. It is identified by the district (Mukim or Town Subdivision) and the lot number. Home for sale in Singapore. Home for sale in Singapore.
Under the Boundaries and Survey Map Act, land inSingaporeis demarcated into 64 districts as follows. Home for sale in Singapore: Continue reading
