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Just two weeks after Hong Kong-listed conglomerate Shun Tak Holdings won the S$556.7 million tender for High Point on Dec 9, it pulled out of the purchase without explanation. By doing so, they forfeited their S$1 million tender deposit. Shun Tak would not have been affected by the change in Additional Buyer’s Stamp Duty (ABSD) as...

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We’re certainly not looking forward to the mandatory spring cleaning before CNY, so here are a few hacks to help speed it up!

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Can u sell off such property bought under trust arrangement after 3 yrs avoid SSD b4 child turns 21?

With the introduction of cooling measures and social distancing restrictions on year-end festivities, December 2021’s developer sales (excluding Executive Condominiums, or ECs) declined 58% month-on-month to 650 units. On a year-on-year basis, developer sales were also down 46.6%, which is about half of December 2020’s volume (1,217 units). At that time, sales were then boosted...

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Some people purchase properties to live in, while others buy them as investment pieces. For the latter, they usually have to contend with taxes and duties such as Additional Buyer’s Stamp Duty (ABSD).  Mid-December 2021, the government announced a slew of cooling measures intended to dampen the exuberance in the property market.  Measures include ABSD increases...

The post Buying properties in trust – What does it mean for property owners with children in light of the cooling measures? appeared first on 99.co.

Auction listings being likely to increase, GCB sales volume to ease with prices remaining firm, and more. Here are the news highlights for what happened in the Singapore property market from 11 Jan to 17 Jan 2022.

Looking for buyer at seng Kang, do call me asap.

60s quick read: It is not really necessary to do anything specific for feng shui in the year 2022. Practicality comes first. Feng shui is also not about furniture placement or ‘auspicious’ items. There is a proper, structured way of applying feng shui. In general, it is more important to take a macro view of...

The post Do you need to make any major changes to your property’s feng shui in 2022? appeared first on 99.co.

Those who are against accrued interest on amount taken out of CPF must understand that the primary purpose of CPF is for retirement. The accrued interest is amount that your CPF would have grown to had you not used your CPF housing. CPF gave the concession to use CPF for housing but it must not deplete the amount of CPF for retirement. If you have met the retirement sum, there is no need to return the accrued if you are age 55 and above. If you are against accrued interest, then don't ever use CPF for housing. I suggest the whole proceed (in proportion to used) from sale of flat be returned to CPF and forget the idea of accrued interest in this way, just like when you use CPF money to buy share.

Fragrance Group boss James Koh has bought a bungalow in the Caldecott Hill Good Class Bungalow (GCB) area for S$24.8 million. Located along Lornie Road, the freehold land area spans 25,271 sq ft. This translates to a price psf of S$981. The Business Times quoted SRI co-founder Bruce Lye, who brokered the deal, that it...

The post Fragrance Group boss bought a bungalow in Caldecott Hill GCB area for S$981 psf  appeared first on 99.co.