Shorter time to the central
Buyer & Seller Must Know
EC prices moving slightly downward
Prices to slide slightly but not drastically
Commercial leasing demand remains strong in Singapore
Should property buyers continue to wait?
To wait or not to…
Prices of Highline Residences to stay firm
Dipping Home Prices in 2014
Top 20 New Condos ranked by No. of foreign buyers
Below is the Top 20 Newly launched condos ranked by numbers of foreign buyers in 2014. Marina One Residence has topped the chart with 42 foreign buyers while Rivertrees Residences is ranked second with 41 foreign buyers. Most of these new Singapore Condos are leasehold projects.
Timeline Of Resale Transaction (Private Residential Property)
Recently we posted on Timeline Of a New Launch Sales Transaction for newly released Singapore condos that are uncompleted, now let us share with you the different stages of payment for a resale transaction. It is definitely less complicated than staggered payments of a new launch condo.
Timeline Of a New Launch Sales Transaction
To a lot of buyers, the process of buying a new launch condo can be rather confusing or complicated. Below are 2 tables that summarise the procedure of purchasing an uncompleted project (under construction) from the developer.
A brief history of Mount Sophia
Mount Sophia
Mount Sophia is one of the very few hills still remaining in the Central region of Singapore. It has been known since 19th century, where it has been an important inner city residential district. Since the early days, middle and upper income class citizens lived in Mount Sophia. The place is a perfect reflection of the architectural history of Singapore, as there are several types and styles of buildings established through the urban revolution of the estate. Read more
Enhanced Lease Buyback Scheme (LBS)
Enhanced Lease Buyback Scheme
The Housing & Development Board (HDB) and Ministry of National Development (MND) have made changes to the Enhanced Lease Buyback Scheme (LBS) and the new revised scheme will be taking effect from next year, 1st April 2005.
Total Debt Service Ratio (TDSR)
Total Debt Service Ratio (TDSR)
A lot of property buyers are still clueless about what Total Debt Service Ratio (TDSR) actually is and are totally unaware of its impact on their next property purchase. Whether it is buying an upcoming Singapore new launch condo, or a resale condo, the TDSR is important for potential property buyers as it determines the size and type of property that the buyers can consider. With the introduction of TDSR, more likely there will be a trend shift and buyers might want to focus their attention on smaller units as they are more affordable.
Property Cooling Measures in Singapore
For the past few years, the Singapore government has been implementing several property cooling measures to stabilise property prices in Singapore and avert property bubble from forming in our homeland. For investors or home buyers who are interested to purchase any Singapore New Launch Condo or Singapore property, it will be important to know the cooling measures well before making any purchase.
Stamp Duty Rate
Before making a purchase of any residential property in Singapore, it is vital to be aware of the taxes that one is subjected to before making a major financial commitment. Below are some essential property taxes that a home buyer should take note of.
- Buyer’s Stamp Duty (BSD) is a tax imposed on documents signed during the acquisition or purchase of immovable properties in Singapore. The responsibility for paying BSD lies with the buyer or transferee. It’s important to note that BSD is applicable for any acquisition of immovable property or land in Singapore, irrespective of whether it is a private property or an HDB flat.
Buyer's Stamp Duty (BSD)
| Based on the purchased price or market value, whichever is higher | |
|---|---|
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Remaining | 6% |
*Note: As of 14th of Feb 2023, the Buyer’s Stamp Duty will range from approximately 3% to 6% of the purchased or valued price of the property.
What is Stamp Duty
Stamp Duty
Stamp duty is a tax levied on the legal recognition of certain documents and in Singapore, any documents that are related to immovable properties, stocks or shares are taxable.
