Seller’s Stamp Duty was introduced more than a decade ago in 2010 in a bid to curb speculation and disincentivize house flipping in the real estate market. Since then, sub-sales of condos have been steadily declining, with numbers spiking again in 2021. Looking at the numbers over the last decade (since 2012), the top 3...
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For many Singaporeans homeowners, paying off their home loans using their CPF seems to be the default option. This could possibly be attributed to the lack of understanding of CPF. A common misconception is that your CPF is money that can never be withdrawn – hence you’d be better off using it to service your...
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TDSR, which stands for Total Debt Servicing Ratio, is a way for the Singaporean government to keep checks and balances on Singaporean borrowers. I guess it’s always a risk letting...
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Applying for HDB BTO can be nerve-wracking. Given the high demand and limited supply, competition is very intense. We always hear about people trying multiple times before they finally secure a queue number. So if you manage to secure a queue number, congrats! Now comes another stage that can be nerve-wracking as well. The HDB...
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For most of us, upgrading to a condo is the ultimate property goal. However, given the cooling measures announced last December, many may find that doing so may not be as financially viable. Measures announced include raising the Additional Buyer’s Stamp Duty (ABSD) for Singaporeans buying a second property from 12% to 17%. The Total...
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HDB launched the Joint Singles Scheme Operator-Run (JSS-OR) Pilot on 17 December 2021. Not to be confused with the Joint Singles Scheme (JSS), the JSS-OR program is an alternative model that allows for singles to submit an application for rental housing, without first having to find a flatmate. In contrast, the JSS program requires you...
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