Singapore's real estate market is tightly regulated, and this applies significantly to Permanent Residents (PRs). As a PR in Singapore, it’s important to understand the do’s and don'ts of property ownership to avoid costly mistakes. Key Restrictions and Guidelines for PRs 1. Waiting Period for HDB Purchase PRs cannot buy a Housing Development Board (HDB) flat immediately after obtaining their PR...
The Housing and Development Board (HDB) has taken stringent measures against flat owners violating lease rules from 2019 to 2023, highlighting its commitment to preserving the integrity of public housing in Singapore. Over these four years, HDB addressed approximately 800 cases of lease infringements, issuing written warnings and hefty fines, and in severe instances, reclaiming the flats. These violations...
If you’re thinking about buying a bigger place or purchasing your first condo, it’s natural to worry about what might happen if you get retrenched. The thought of not being able to pay your mortgage can be scary. But don’t worry, there are practical steps you can take to prepare for tough times. Here’s a simple guide to help you navigate these concerns and make sure you’re ready for any...
If you’re a foreigner (and some Singaporeans) eyeing the Singapore real estate market, you might be surprised to learn that there are certain types of landed homes within condominium projects that you can purchase. These unique homes combine the benefits of both landed properties and condominium living, offering a distinct lifestyle that appeals to many. Let us show you by exploring these types of homes,...
In the high-stakes realm of Singapore's property market, decoupling has emerged as a strategic maneuver for those looking to "siam" the financial blow of Additional Buyers Stamp Duty (ABSD). With ABSD rates now peaking at 20 percent, the attractiveness of owning a second property without the huge tax has never been stronger. However, decoupling is not without its complexities and potential pitfalls,...
Hey there! So, have you ever wondered why four-room HDB flats are so popular in Singapore? It's a pretty interesting topic, especially when you dive into the numbers and reasons behind it. Let's break it down together. The Basics First off, let's get some basics out of the way. Housing and Development Board (HDB) flats, are public housing units in Singapore. They're super common and a huge part of the...