What is the first step if I am looking to buy a resale HDB flat? First of all, apply for the HDB Flat Eligibility (HFE) letter on the HDB Portal. This letter will provide you with information about your qualification to purchase a resale flat, in addition to outlining the CPF…
Category: 60-SEC READ
Don’t have time yet have a question? Find the answer you need in 60 seconds.
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SGPD 60-Sec Read: Do I need a property agent to rent a house as a tenant in Singapore?
I’m looking to rent a residential property, do I need an agent? No, you don’t necessarily need an agent if you prefer to do your own search and manage the whole rental process. You can simply browse the more popular, reputed portals such as Property Guru or 99.co to view…
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SGPD 60-Sec Read: Do I need to pay an agent fee for buying a new launch condo?
Do I need to pay agent fee for buying a new launch condo? No, you don’t need to. Agent fees/commission are paid by the developer. What if my agent asks for commission? If your agent asks for a commission to assist you on a new launch, question your agent if…
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SGPD 60-Sec Read: How To Check Annual Value of Your Property
What is Annual Value (AV)? Annual Value (AV) represents the approximate gross annual rental income the property would generate if leased, excluding furnishings, furniture, and upkeep charges. It’s calculated using estimated market rental rates of comparable properties. Factors affecting Annual Value (AV) There are multiple factors IRAS consider when determining…
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SGPD 60-Sec Read: How much downpayment do I need to purchase a new launch private condo?
How much downpayment do I need to buy a new launch condo? 25%, assuming that this will be your one and only home loan, and that you can get a loan for 75% of your purchase price. *Assuming condo purchase price is $1,000,000. How much cash do I need for…
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SGPD 60-Sec Read: What is Progressive Payment Scheme for new launch condo or EC?
What is Progressive Payment Scheme (PPS)? For a new condo or EC that is still under construction at your point of purchase, your payment to the developer will be in phases called the Progressive Payment Scheme. The Progressive Payment Scheme allows you to defer your home loan instalments as you…