I understand there is no loan involved in the case of property purchased for a child under a trust arrangement. All proceeds have to be paid in cash.
Few children will be blessed with this privilege to have a a GCB as a gift from the parents.
2021
Singapore has limited land as it is. The government need to step it to prevent property speculation which is driving up prices. Each person should only allowed one property, that is the one they live in. Speculators and investors owning more than one property are not only driving up property prices for the next generation they are destroying our environment but casing excessive land clearing. It is misusing a precious limited commodity, land, in Singapore, which could be put to other more important essential uses. The government need to regulate this for the common good of the nation and not allow free market to run uncontrolled.
Hi, I will to get more information about the bto 2022 yishun. Can u kindly get back to me thank.
Zhu Su, Singapore crypto billionaire and his wife, Tao Yaqiong Evelyn, were recently granted an option to buy a GCB in Yarwood Avenue for S$48.8 million. This property will be bought in trust under their 3-year-old. The property is a Good Class Bungalow (GCB) in the Kilburn Estate Area. It is a 999-year leasehold site...
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You have completed the five-year Minimum Occupation Period (MOP), and your growing family is itching to move into a larger home. You have made up your mind — you are going to sell your current HDB flat in exchange for a bigger and fancier home. But there is just one problem: You are unsure of...
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The story of success is often easy to spot, but few people will actually understand the years of hard work, pain, perseverance and occasional setbacks on the way to the top. For these highly ambitious entrepreneurs, who have dreamed big and worked hard to fulfil their vision for themselves, they are now the proud owners...
The post Secrets of the young & ambitious real estate entrepreneurs appeared first on 99.co.
CanningHill Piers was the best performing project in November, moving 576 units at a median price of $2,887 psf.
The 3.7ha Alexandra site, which will yield 1,500 units, will be less than a 10-minute walk from Redhill MRT station.
The higher ABSD aims to moderate the demand from those who wish to purchase investment properties, while tighter loan limits aim to encourage “greater financial prudence” among home buyers.
The latest round of cooling measures, which saw higher ABSD rates, a tighter TDSR threshold and a lower LTV limit for HDB-granted loans, impacted Singapore property stocks negatively.