ShareAdditional Buyer’s Stamp Duty effective 8th Dec 2011 Urban redevelopment authority, a statutory board of Ministry of National Development – Singapore announced an additional Buyer’s stamp duty (ABSD) to curb speculation on the 7th Dec 2011 and with effect from 8th Dec 2011. Currently the stamp duty for purchasing a residential property is: • 1% [...]
ShareLet us ask ourselves which agency has the authority over the sale of HDB flats. Is it the SLA or the HDB? The SLA stands for the Singapore Land Authority while the HDB stands for the Housing Development Board. Any buyer of HDB flats has the right to buy resale flats, EC units, original flats, [...]
ShareMost newly weds cannot afford the executive condominium type of homes. The executive condominiums have higher pricing level and HDB restrictions than the regular condominiums. One of the restrictions implemented by the HDB is the 5 year minimum occupation of the occupant. The occupant may however ask for the housing to become a private estate [...]
SharePrime Minister Lee Hsien Loong, Prime Minister of Singapore, declared that there will be an upcoming changes in the BTO HDB prices’ ceiling rates. The BTO flats or Build to Order Flats category of the HDB will raise its income ceiling from $8,000 to $10,000. This will go along with the increase of the executive [...]
