Tag: hdb

Property jargon of the day: Defects-free Period

Property Jargon of the Day: Defects-Liability Period

Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at the defects-liabilities period: What is the Defects-Free Period? A Defects-Liability Period (also called a Defects-Free Period) is a standard offering for every new property development, be it an HDB flat or a condo. During this period, the developer is…

Property jargon of the day: BTO

Property Jargon of the Day: Built-To-Order (BTO)

Every day, 99.co picks at a piece of property jargon to explain it in detail. Today, we’re looking at Built-to-Order (BTO) flats: What is a Built-to-Order (BTO) flat? The BTO flat initiative was started in April 2001, and officially replaced the old Registration for Flats System (RFS) in January 2002. Under the BTO system, HDB…

Property jargon: Resale levy

Property Jargon of the Day: Resale Levy

Every day, 99.co picks a piece of property jargon to explain it. Today we look at the dreaded resale levy, and what it means to second-time flat buyers: What is this “resale levy” that’s eating up all my sales proceeds? The resale levy is, in essence, you paying back the government for the subsidies you…

Property jargon: lease decay

Property Jargon of the Day: Lease Decay

Every day, 99.co picks a piece of property jargon to explain it. Today we look at the painful issue of lease decay: What is lease decay? This refers to both the process, and effect, of a property that’s running down its lease. For example, a condo with just 30 years left on its 99-year lease…

multi-ethnic singaporeans sitting

5 Factors that are Killing HDB’s “Kampung Spirit”

Is the ‘kampung spirit’ dead in your neighbourhood? Unlike other ghosts, many Singaporeans would prefer to still have it around. But although the ‘kampung spirit’ was alive in HDB estates before, it’s growing fainter by the minute. Five contributing factors are: Wireless connection to the Internet More amenities outside of HDB estates Chain malls HDB…

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