Similar to the resale HDB price tool, you can also check the resale prices of condos in a particular district, or even zero in on units in a particular condo:
Exceptions For Foreigners To Own Landed Properties
To be eligible to apply for ownership of a landed property in Singapore, there are certain criteria to be fulfilled;
Applicant is a permanent resident of Singapore
A foreigner who contributes to the economic benefit of Singapore
A foreigner who possesses qualifications, skills or experience that provides value or benefit to the economy of Singapore
If the foreigner fulfils any of the above stated criteria he may be granted approval for ownership of a landed property for residential use by following the steps below.
A non-refundable application fee of $900 is to be made in favour of “Singapore Land Authority”
Submit Form A to “Singapore Land Authority Land Dealings (Approval) Unit 55 Newton Road #12-01 Revenue House Singapore 307987” together with the supporting documents stated in Form A
The application takes approximately 3 months to process and once approval is granted, the foreign purchaser must undertake that the property is to be used solely for residence and not for any sort of income-generating purposes or investment. The in-principle approval has an expiry date of 6 months from the approval date.
It is also important for the foreign purchaser to include the additional clause within the Option to Purchase or Sales Agreement;
This sale and purchase is subject to the Purchaser obtaining the approval from the Land Dealings (Approval) Unit before completion. In the event that such approval is not granted, the sale and purchase herein shall be annulled and all monies paid shall be immediately refunded free of interest and neither party shall have any claim against the other thereafter.
An OPEN listing is when the seller of the property has to pay a commission to the broker who made the sale, but the seller reserves the right to sell the property on his own without paying a commission. Open listings may be given to any number of brokers on the same property.
An EXCLUSIVE right to sell agreement is a listing agreement whereby the seller is obliged to pay a commission to the broker with exclusive right to sell a property during a stated period, even if the owner makes the sale himself.
3 Steps To Determine if your Current Property is an Asset or Liability
This consumer seminar will be focusing on how buyers can gain the first movers advantage on Master Plan 2019 by identifying an Asset and riding on the transformation in Matter Road.
Some of the points that will be covered are:
3 Steps to determine if your current property is an Asset of Liability?
Movement of property trend in District 14
How it works on Asset Progression and Asset Restructuring?
Be the first mover in Master Plan 2019 Transformation
This consumer seminar will be focusing on the Singapore Private Residential market including a retrospective on the multiple cooling measures introduced and its impact on the market prices.
The session will also focus on sense making the 2019 market performance on the new launches and resale market and understand why the window of opportunity is open now.
Join us in our upcoming consumer seminar hosted by Mr James Gan, Advisory Associate Branch District Director and Mr Harvey Chia, Associate Division Director, PropNex Realty, where he will share with on the 5 Reasons Why Now Is The Best Time To Buy!
