Tag: ABSD

property-conveyancing-singapore

Property Conveyancing in Singapore: What You Need to Know

Conveyancing is the transfer of legal ownership of property from one person to another. While buying a property is an exciting — and expensive — decision, home buyers in Singapore must ensure that they devote sufficient attention to what’s no doubt the drier aspects of it: maintenance fees (for condos), property tax, stamp duty and the conveyancing process. Once you have decided…

Dual Key Units Property

Dual-key units: Analysing pros and cons for property buyers

Dual-key condo units first hit the market with the launch of Caspian by Fraser Centrepoint Homes back in 2009. Since then, developers have caught on, launching numerous projects across Singapore that feature dual-key units, including Park Place Residences, Kallang Riverside and 120 Grange. With dual-key units, owners essentially have two self-contained living spaces that share…

ABSD increase property buyer

How property buyers should react to the ABSD increase

So you were either celebrating your wedding anniversary at a Michelin-star restaurant or working overtime in your office. Either way, you missed the chance to buy your dream property before the Singapore government raised Additional Buyer Stamp Duty (ABSD) and further tightened the Loan-to-Value (LTV) limit on the stroke of midnight — a move that…

ABSD increase

ABSD increase on 6 July 2018: Singapore government stuns property market

[This is the joint media release by the Monetary Authority of Singapore (MAS), Ministry of Finance (MOF) and the Ministry of National Development (MND) reproduced in full.] Singapore, 5 July 2018 — The Government announced today adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool…

Stamp duty for property in Singapore: What you need to know

One of the many additional costs associated with buying property is stamp duty. Stamp duty refers to the tax on documents relating to the purchase or lease of a property, payable to the Inland Revenue Authority of Singapore (IRAS). Virtually all residential property transactions — including buying, selling and renting property — in Singapore are subject…

decoupling absd

Decoupling to bypass ABSD? Yay or nay?

(Credits) Want to buy a second property, but don’t fancy the thought of forking out tens of thousands of dollars for your Additional Buyer’s Stamp Duty (ABSD)? Some property consumers have been known to consider an alternative: decoupling. This involves one spouse giving up their co-owner status, and becoming an “authorised occupier”. Here’s how it…

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