Landed property in Singapore, from Good Class Bungalows (GCB) to cluster houses, are a rare jewel to own. Read our top guide on the 5 common landed property types in Singapore, and criteria for owning and modifying them.
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Once in a while, 99.co picks a piece of property jargon to explain it. Today we look at the notorious ABSD, which is a stamp duty (tax) on your house. Additional Buyer’s Stamp Duty (ABSD) The most notorious of the cooling measures, the Additional Buyer’s Stamp Duty (ABSD) is a stamp duty paid on your…
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Cooling measures 2023 update: The Singapore government announced late Wednesday night (26 April) that the Additional Buyer’s Stamp Duty (ABSD) rates will be increased, effective from 27 April. Among the changes, the increase is the steepest for foreigners, doubling from 30% (from the December 2021 cooling measure) to 60%. Meanwhile, Singaporeans buying their second residential…
The post Cooling measures 2023: Higher ABSD rate for second home; 60% for foreigners appeared first on .
In reply to <a href="https://www.99.co/singapore/insider/hdb-grants-for-couples/#comment-225161">Caleb</a>.
Hi Caleb,
Thank you for your query. You can base your grant calculations based on HDB's site here (https://www.hdb.gov.sg/residential/buying-a-flat/flat-and-grant-eligibility/couples-and-families/cpf-housing-grants-for-resale-flats-families).
You're right, based on the total income of S$6.7k, the EHG will be S$25k. And the PHG will be S$20k given that it's within 4km of your parents' house.
However, note that you won't be able to get the maximum S$80k for the Family Grant, as it is based on resident status and flat type. As a SC/PR household, the Family Grant you can get is S$70k if you're buying 2-room to 4-room flat, or S$40k if you're buying 5-room or bigger.
It is best to check with HDB on the actual grant amount.
Hope this helps and good luck!
In reply to <a href="https://www.99.co/singapore/insider/dual-key-condo-units-property/#comment-225363">E.K.</a>.
Hi E.K.,
According to URA, the occupancy cap of six applies to all residing within the home, especially when owners rent out their private residences to unrelated persons who are not from the same family unit.
In your query, since your main unit is rented out to a family with children and a helper, that's one family unit, while the studio is rented out to a couple who is unrelated to the family in the main unit.
As the main unit and studio are considered one single property, the occupancy cap of six applies to both. Hope this answers your question.
https://www.ura.gov.sg/Corporate/Media-Room/Forum-Replies/forum17-06
https://www.99.co/singapore/insider/dual-key-condo-units-property/
Do you know, if the main unit is rented out to a family with children and helper, and the studio is rented out to a couple separately, should the total number of residents restricted to 6 because the couple is not from the same family?
There’s a third option available in the public housing market - Sales of Balance Flats. We break down what exactly these flats are.
The post Sale of Balance Flats 2023, What you need to know about HDB’s Sale of Balance Flats (SBF) in 2023 appeared first on .
Looking for a renovation loan for your condo or HDB renovation? Here's an overview of the various home renovation loans available in Singapore in 2023.
According to the United Nations (UN), a nation becomes an “ageing” society when 7% of its population is aged 65 years and above, “aged” when it’s 14% and “super-aged”, when it’s 21%. Singapore’s population hit the “aged” status in 2017 and will soon become a “super-aged” society in 2026 – just three years away. It…
The post How being a “super-aged” country by 2026 will impact the housing market appeared first on .
In 2012, Minster Khaw Boon Wan said HDB flats has remained in size for the past 15 years. We analyze the current size of HDB flats and condos and compare them to past decades to uncover if Singapore homes are shrinking or not.