Tag Archives: Singapore property for sale/ rent.

N4: information technology – Singapore property for sale/ rent IT-related knowledge which facilitates effective estate agent operations. Information technology include possible topics such as networking operations for sales management, development of

Key points in the Resale Checklist for Buyers – Singapore property for sale/ rent Singapore property for sale/ rent – The Salesperson must go through the key points in the Resale Checklist with the buyers before the buyers exercise the … Continue reading →

ABSD rules for development sites – Singapore property for sale/ rent Remission of ABSD is allowed for development projects with more than 4 residential units, on the condition that the developer follows through the intention to develop the residential properties … Continue reading →

Computation of BSD and ABSD – Singapore property for sale/ rent Assume you are a foreigner and the actual price paid of $2 million is a fair market value. Computation of BSD = 3% of $2,000,000 less $5,400 = $54,600 … Continue reading →

When is ABSD payable – Singapore property for sale/ rent ABSD, like the normal buyer’s stamp duty (BSD), is payable within 14 days of: Singapore property for sale/ rent.

Other property tranfers are subject to ABSD – Singapore property for sale/ rent Properties may also be acquired or transferred in the following manner: Singapore property for sale/ rent. Via Gift, Inheritance, Release, Settlement; Via Declaration of Trust where the … Continue reading →

Sources of fund – Singapore property for sale/ rent The main sources of fund in a purchase are as follows: Commercial Banks – most common source Finance company – activities limited to consumer domestic market

Housing Developers (Control & Licensing) Act Pt2 – Singapore property for sale/ rent Singapore property for sale/ rent – Exemptions from opening a project account: Not selling before TOP Joint venture with URA, or with the Government or a Statutory … Continue reading →

Conditions of sale Pt 2 – Singapore property for sale/ rent Singapore property for sale/ rent – Sold with Vacant Possession or with existing Tenancy An example of such a clause: The Property is sold with vacant possession/ subject to … Continue reading →

Types of leisure properties – Singapore property for sale/ rent Leisure properties are different from the usual commercial properties. The value of leisure properties is in the volume of business carried out in the premises. Some example of leisure properties: Restaurants, … Continue reading →

Types of insurance required – Singapore property for sale/ rent The MC is required under BMSMA to take out certain insurance policies such as the fire insurance and the public liability insurance of at least $1 million for damage to … Continue reading →

Usual considerations in approving mortgages – Singapore property for sale/ rent Singapore property for sale/ rent – The usual considerations in approving bank loans are as follows: Income CPF contribution Amount in CPF Ordinary account Other financial commitments e.g. other … Continue reading →

Legal mortgages – Singapore property for sale/ rent In a legal mortgage, the mortgagor transfers ownership of the property that is the subject of the security to the mortgagee and it must be registered. The transfer of ownership is subject … Continue reading →

Mortgage  – Singapore property for sale/ rent Mortgage is a transaction where a property owner pledges his property to borrow money as a loan from a financial institute/bank, which will return the property once the debt is fully paid. The … Continue reading →

Rights of a mortgagee – Singapore property for sale/ rent Singapore property for sale/ rent – In the event of a default by the mortgagor, the rights of a mortgagee to enforce the security over land are as follows: For … Continue reading →

Creation of easements – Singapore property for sale/ rent Singapore property for sale/ rent – Easements can be created in the following ways: 1)       By an Act enacted by parliament. Parliament has the power to create any easements that is … Continue reading →

Remainder (life estate) – Singapore property for sale/ rent Although the ownership of a life estate is of limited duration because it ends at the death of the person, the owner has the right to enjoy the benefits of ownership … Continue reading →

Future interests in land – Singapore property for sale/ rent Singapore property for sale/ rent – The various forms of future interests in land are as follows: 

Land tenure –  Singapore property for sale/ rent Land tenure refers to the mode of holding land. In medieval England, tenure referred to the prevailing system of land ownership and land possession. Under the tenure system, a landholder, called a tenant, … Continue reading →