Real Estate Singapore. New Launch, Private Resale Properties, En bloc
Real Estate Singapore. New Launch, Private Resale Properties, En bloc
Freehold vs leasehold properties There are mostly three types of property tenures in Singapore. Freehold property, ownership is for an indefinite period. 99-year leasehold, ownership is for a fixed number of years. When the lease expires, the leasehold land returns to the state. 999-year leasehold, due to its long leasehold period, its status is practically…
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Rising interest rates Singapore, being a small and open economy, is strongly influence by the movements in US interest rates. Most home loan packages in Singapore have interest rates pegged to the Singapore Interbank Offered Rate (SIBOR) and the Singapore Overnight Rate Average (SORA), which are linked to interbank exchange rates. Singapore’s mortgage interest rates…
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Additional Buyer’s Stamp Duty ABSD applies to the following group of buyers: • Singapore Citizens: ABSD will be levied on the second (17%) and subsequent (25%) property purchases • Singapore Permanent Residents (PRs): ABSD will be levied on all purchases. The first purchase will be 5% while the second purchase will be 25%, and third…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.