What is Stamp Duty? Stamp Duty is a tax levied on documents which record transactions, such as disposition or transfer of interest from one party to another. Therefore, stamp duty is payable by the person who purchases both residential and non-residential properties in Singapore. How Much Stamp Duty? Sales Stamp Duty Payable = First S$180,000 of purchase price x 1% + Next S$180,000 of purchase price...
General
Tenant finds a unit and makes an offer to rent it. Tenant gives a Letter-of-Intent with a cheque for 1 month rental as Goodfaith Deposit. In the Letter-of-Intent, all requests such as level of furnishing, date of handover of keys, etc are spelled out. If offer is less than what the owner originally asked for, it will then be subjected to acceptance. Further negotiation may result. If owner accepts the...
What is Enbloc Sale? Enbloc = in a lump; as a whole Thus, an Enbloc Sale basically means: all owners of separate units in an apartment, condominium or even an office building, coming together to collectively sell their properties to a developer for comprehensive redevelopment. Why Enbloc Sale? allows owners to sell their properties for at a higher price than they could fetch by selling individually...
The key to a sophisticated lifestyle, Proximo @ Robin Road is a single block, 15-storey, 3+1 bedrooms apartment that is situated along Robin Road (off Steven's Road) which boasts of its proximity to the heart of Singapore. Pamper yourself with the bright and unblocked view while enjoying urban living. With only 49 apartment units in a 15-storey building, you get to experience a taste of exclusivity,...
Tenancy Agreement. The legal contract that lists out the terms of the lease between the landlord and tenant. These include the duration of the lease, the option to renew, and the rental rates among others. Security Deposit. A security deposit is usually required upon signing of the Tenancy Agreement, and refunded without interest when the lease ends. The landlord reserves the right to deduct from the...
The Oceanfront - Landmark Living by the Sea Surrounded by 360 degrees of spectacular beauty, The Oceanfront @ Sentosa Cove is a stunning architectural landmark by the sea that commands the highest views on Sentosa Cove. Located just minutes away from the Marina Club and the proposed Integrated Resort, be spoilt for choice with the finest array of dining, entertainment and retail offerings. Revel in a...
Draycott 8 is attractively located on an elevated site along Draycott Drive with just a few minutes’ walk from Orchard Road – Singapore’s bustling shopping and entertainment belt. Prestigious clubs such as The Tanglin Club and The American Club are just a stone’s throw away. Top schools and institutions are also within the vicinity. Enjoy an infinite plethora of the nation’s best shopping,...
Do not let emotions propel you into a renovation unless you're ready. Ask yourself the following questions to decide whether the time is right: 1. Why do I want to renovate? Is it to meet the space needs of your family, to create a more pleasing environment or because the rest of the neighborhood is doing it. 2. Am I willing to take the time to select the right contractor for the job? Will you will...
This is the forecast given by Far East Organisation. The serviced residences sector is seeing a nice pick-up in demand, thanks to growing business travel and rising tourist arrivals. Occupancy is now above 90% percent and rental rates have risen by some 15% to 20% last year. The momentum is expected to continue with some operators forecasting another 15% to 20% jump this year. Far East says demand for...
Your buyer with your help found the perfect home, succeeded on the offer, and closing is just weeks away. Financing, moving and post-sale renovations are next on the buyer’s to-do list. Do you have a list of resources that makes it easy for your buyer to sign the contract or is your buyer left busy scouring the yellow pages for help? Building a strong list of local, reliable partners brings confidence...