If you have been shopping for a private residential property in Singapore, you may have come across these abbreviations – CCR, RCR and OCR – and while you might have a rough idea what they refer to, this article will explain what they mean for you as a property owner….
Category: MUST-KNOWS
MUST-KNOWs for new and existing property owners on all BUY/SELL/RENT related topics
BUY/SELL HDB or EC
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How will new Prime, Plus and Standard Flats Impact Both Buyers and Sellers
TLDR Buyers of new Prime and Plus BTO Flats will see lower investability and rentability, and will also be limited to a smaller buyers’ pool due to an imposed income ceiling for resale buyers. Existing HDB flat owners located at “Prime” and “Plus” locations may have their resale value increased…
BUY/SELL HDB or EC
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Buying a HDB Flat: What is the HFE Letter and when should I apply?
Starting from 9th May 2023, HDB has introduced an updated document called the HDB Flat Eligibility (HFE) letter. This new letter is designed to offer prospective flat buyers a comprehensive evaluation of their housing and financial possibilities prior to embarking on their home purchasing endeavour. Replacing the previous HDB Loan…
BUY/SELL HDB or EC
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Joint Tenancy & Tenancy in Common: What You need to know as a Co-Owner
Property ownership in Singapore offers multiple avenues for co-ownership, and two common options are Joint Tenancy and Tenancy in Common. In this article, we’ll dive into the implications of Joint Tenancy and Tenancy in Common, helping you navigate these options effectively. Joint Tenancy Joint Tenancy is a widely adopted form…
MUST-KNOWS
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SG Property Rental: How Picking the Right Tenants as a Landlord Can Save You Stress and Cash
Renting out your property can be a good way to invest, but it also comes with important decisions to make. One of the most important choices you’ll make is picking the right tenants. This doesn’t mean just finding people to rent your place – it’s about: Protecting your investment Preventing…
MUST-KNOWS
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SG Property Rental: Why is the Tenancy Agreement (TA) Important?
The Tenancy Agreement (TA) encompasses the stipulations and provisions pertinent to property rental, encompassing clauses that address key points of the tenancy to ensure protection for both the landlord and the tenant. Regard your TA as a safeguard, benefiting both parties. A TA enumerates the mutually accepted terms and conditions….
BUY/SELL HDB or EC
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Understanding Singapore’s Option to Purchase (OTP): Buying New Launch Property
Singapore’s bustling real estate market is ever-active, there are new launches every month with excited buyers flooding the showflats. Amid the plethora of terms and procedures, one crucial element demands your attention: the Option to Purchase (OTP). Within the confines of this piece, I will scrutinise the OTP concerning new…
BUY/SELL HDB or EC
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Understanding Singapore’s Option to Purchase (OTP): Buying Resale Properties
Singapore’s busy real estate market is constantly buzzing, you will constantly see news of record transactions across various types of properties in Singapore. Among all the different terms and processes, there’s one important thing to know: the Option to Purchase (OTP). In this article, let’s take a closer look at…
BUY/SELL HDB or EC
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Understanding the Differences Between TOP and CSC
In the world of Singapore’s real estate, people who want to buy homes or invest in property come across many different words and abbreviations on property ownership. Two important abbreviations that often confuses people are TOP and CSC. Both TOP and CSC and are about building and the completion properties…
BUY/SELL HDB or EC
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Selling Your HDB or EC: The Importance of Minimum Occupation Period (MOP)
Singapore’s thriving real estate market has long been a topic of interest for both locals and investors alike. Among the various regulations and policies that govern property ownership in the city-state, the MOP stands as a critical facet. Whether you’re a first-time homebuyer or an astute investor, understanding the ins…