Real Estate Glossary

What is GST? Goods and Services Tax (GST), also known as Value Added Tax (VAT) in many other countries, is a consumption tax paid on the supply of commodities and services in Singapore and the import of goods into Singapore.  GST is an indirect tax that is applied to the selling price of products and…

What does HDB MOP eligibility mean? HDB MOP is an abbreviation for HDB’s Minimum Occupation Period, which is a restriction that prohibits you from selling or renting out the entire apartment for the first few years after you move in (usually five years). You are also not permitted to purchase another private property during the…

What is HDB SBF? The Housing Development Board (HDB) is a public housing authority in Singapore that provides affordable and quality housing to Singaporean citizens. HDB offers different types of flats to cater to the needs and preferences of Singaporeans, one of which is Sale of Balance Flats (SBF).  HDB SBFs are unsold flats from…

What is a condominium complex? In Singapore and Malaysia, “Condo” or “Condominium” refer to residential buildings with particular luxury facilities such as security guards, swimming pools, or tennis courts. A condo is a housing or residential complex comprising individual units owned and rented out by different people.  Condo owners are responsible for what happens in…