Where a Property Owner already owns a partial interest in a property (either as joint tenant or tenancy in common), the Additional Buyer Stamp Duty (ABSD) rate [based on 11 Jan 2013 Property Measure] applicable for the acquisition (eg. purchase) of additional interest in the same property will depend on the number of properties he […]
Singapore Government has on 11 January 2013 introduced a slew of measures to dampen the demands of private and public housing, and also industrial properties. Housing loan measures are also introduced.
Applications to buy vacant land will not be favourably considered. Applicants are advised to buy built-up property or a property under construction.
It means all residential landed properties, including vacant land, detached houses, semi-detached houses, terrace houses; and any land or building zoned or gazetted for residential purposes.
Approval will have to be obtained from the Minister for Law to purchase any of the above.
If the shophouse (mixed commercial and residential use) is not strata subdivided and is in an area zoned for commercial use, it is not a ‘residential property’ within the meaning of the Residential Property Act.
If the shophouse (mixed commercial and residential use) is not strata subdivided and is in an area zoned ‘residential’ within the […]
What are the properties a foreign person can acquire without having to apply for approval under the Residential Property Act?Law2016-06-02T07:03:58+08:00
A foreigner may buy the following types of properties:-
- a flat or apartment in a building (irrespective of levels) (including an HUDC Phase I or Phase II flat and a privatised Phase III or IV flat). However, the foreigner may not buy all the units within a Development.
- an unit in an approved condominium development.
- a leasehold estate […]
This is a common issue raised, especially between co-owners of a property (real estate). An owner wishes to transfer his share (undivided half share or a % share) in the property without any consideration to his co-owner(s) and/or third parties (eg. his wife or his mother).
Usually there are 2 scenario, namely:-
Transaction is Voidable
For gift of immovable property within 5 years from the date of the relevant bankruptcy application in which the grantor is adjudged bankrupt, the gift is voidable at the option of the Official Assignor (OA) who may apply to the Court for the relevant orders under the Bankruptcy Act (Cap. 20) subject to the relevant provisions of […]
Yes, you may, but you have to engage a Lawyer to draft the Deed of Gift, and request for his advice on the effects and consequences of a gift of real property.