Property Views
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lee_yl:
:thankyou:
You only need to sell the HDB unit within 6 months of the TOP for a yet to be completed private property to seek a refund of the ABSD. You can refer to the following link for more details.sleepy:
I have a question regarding ABSD. I understand ABSD payable within 8 weeks.
If buying a yet to TOP unit, does a hdb owner need to sell hdb within 6 months to get refund for ABSD even though 2nd property not TOP?
https://www.iras.gov.sg/IRASHome/uploadedFiles/IRASHome/Other_Taxes/Stamp_Duty_ABSD_on_Purchase_of_Residential_Properties_Revised_Edition.pdf
I have another question. Heard from a few agents that some buyers (not sure local or overseas) don't lodge caveat because they paid all cash, no bank loan.
Is there any risk in not lodging caveat? from the buyer (owner) perspective, if buying direct from developer -
sleepy:
For property purchases funded by a bank loan, the title deed is held by the bank (until the loan is fully paid), so a caveat is lodged with the SLA by a purchaser to protect his/her interests after an option to purchase is exercised or a Sales & Purchase Agreement is signed.
I have another question. Heard from a few agents that some buyers (not sure local or overseas) don't lodge caveat because they paid all cash, no bank loan.
Is there any risk in not lodging caveat? from the buyer (owner) perspective, if buying direct from developer
Lodging of caveats is usually done voluntarily by purchasers through their lawyers to protect their interest in the property. The risk addressed is to be clear who has a right in the property.
For those who fully paid up upon purchases, there is no real need to lodge caveat as they already own the title deed. -
lee_yl:
Lodging the caveat by new buyer is to protect the buyer in case the seller is a fraud and sell the ppty to someone else. You chope your interest in the ppty by lodging the caveat so that no one else can deal with it until you withdraw it
For property purchases funded by a bank loan, the title deed is held by the bank (until the loan is fully paid), so a caveat is lodged with the SLA by a purchaser to protect his/her interests after an option to purchase is exercised or a Sales & Purchase Agreement is signed.sleepy:
I have another question. Heard from a few agents that some buyers (not sure local or overseas) don't lodge caveat because they paid all cash, no bank loan.
Is there any risk in not lodging caveat? from the buyer (owner) perspective, if buying direct from developer
Lodging of caveats is usually done voluntarily by purchasers through their lawyers to protect their interest in the property. The risk addressed is to be clear who has a right in the property.
For those who fully paid up upon purchases, there is no real need to lodge caveat as they already own the title deed. -
jetsetter:
chiaki:
Think it may go down a bit more. But there are some rumors that some of the cooling measures will be tweaked by the end of the years.
Also heard the rumours.
http://www.businesstimes.com.sg/real-estate/singapore-property-cooling-measures-could-be-reviewed-at-year-end-uob
https://sg.finance.yahoo.com/news/govt-may-review-cooling-measures-end-024429701--sector.html -
Business Times today reported property price may drop another 10% in the next 2 years.
http://www.businesstimes.com.sg/real-estate/private-property-prices-may-fall-another-10-in-next-two-years-report
So many contradicting articles. :faint: If cooling measures will be tweaked this year, wouldn't the price increase or maintained? Maybe because the research were done by different companies. -
This is the typical Buy on Rumours, Sell on News situation.
This is also one reason why it is better to do your own analysis, rather than to believe too much into so called analyst, and research by 3rd parties.
All research and analysis done by 3rd parties are usually motivated to create buy or sell situation for the readers. -
Most newspaper articles only use one factor when many factors affect property prices… Always have such articles around…
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Anyone seen and bought Botanique at Bartley?
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starlight1968sg:
OT: anybody renting out their hdb flat to live in their condo?
That is against HDB rules isn't it?
If you don't intend to stay in the HDB, should just sell it. -
The yield for HDB is good though.
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