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The article "How Much Commission Do Property Agents in Singapore Really Get?" on 99.co provides a detailed explanation of the commission structure for property agents in Singapore. The article states that the standard commission rate for property agents is 2% of the sale price for private properties and 1% for HDB properties. It also highlights that there may be additional costs such as GST and marketing fees. The article also provides tips for sellers on how to negotiate commissions with their agents. This article is informative and helpful for those who are planning to sell their property and want to understand the commission structure for property agents in Singapore.
The pool of private home buyers is fast shrinking in the current property market. While HDB resale flat prices are on the rise, why are HDB owners not upgrading? Other countries are fighting hard to avoid slipping into recession. In contrast, the economy of Singapore still looks fine at least on the surface. Where have... [read more]
The post Why private home buyers aren’t buying now appeared first on Property Soul.
Landed property in Singapore, from Good Class Bungalows (GCB) to cluster houses, are a rare jewel to own. Read our top guide on the 5 common landed property types in Singapore, and criteria for owning and modifying them.
Once in a while, 99.co picks a piece of property jargon to explain it. Today we look at the notorious ABSD, which is a stamp duty (tax) on your house. Additional Buyer’s Stamp Duty (ABSD) The most notorious of the cooling measures, the Additional Buyer’s Stamp Duty (ABSD) is a stamp duty paid on your…
The post Additional Buyer’s Stamp Duty (ABSD) in Singapore, explained (2023) appeared first on .
Cooling measures 2023 update: The Singapore government announced late Wednesday night (26 April) that the Additional Buyer’s Stamp Duty (ABSD) rates will be increased, effective from 27 April. Among the changes, the increase is the steepest for foreigners, doubling from 30% (from the December 2021 cooling measure) to 60%. Meanwhile, Singaporeans buying their second residential…
The post Cooling measures 2023: Higher ABSD rate for second home; 60% for foreigners appeared first on .
In reply to <a href="https://www.99.co/singapore/insider/hdb-grants-for-couples/#comment-225161">Caleb</a>.
Hi Caleb,
Thank you for your query. You can base your grant calculations based on HDB's site here (https://www.hdb.gov.sg/residential/buying-a-flat/flat-and-grant-eligibility/couples-and-families/cpf-housing-grants-for-resale-flats-families).
You're right, based on the total income of S$6.7k, the EHG will be S$25k. And the PHG will be S$20k given that it's within 4km of your parents' house.
However, note that you won't be able to get the maximum S$80k for the Family Grant, as it is based on resident status and flat type. As a SC/PR household, the Family Grant you can get is S$70k if you're buying 2-room to 4-room flat, or S$40k if you're buying 5-room or bigger.
It is best to check with HDB on the actual grant amount.
Hope this helps and good luck!
In reply to <a href="https://www.99.co/singapore/insider/dual-key-condo-units-property/#comment-225363">E.K.</a>.
Hi E.K.,
According to URA, the occupancy cap of six applies to all residing within the home, especially when owners rent out their private residences to unrelated persons who are not from the same family unit.
In your query, since your main unit is rented out to a family with children and a helper, that's one family unit, while the studio is rented out to a couple who is unrelated to the family in the main unit.
As the main unit and studio are considered one single property, the occupancy cap of six applies to both. Hope this answers your question.
https://www.ura.gov.sg/Corporate/Media-Room/Forum-Replies/forum17-06
https://www.99.co/singapore/insider/dual-key-condo-units-property/
Do you know, if the main unit is rented out to a family with children and helper, and the studio is rented out to a couple separately, should the total number of residents restricted to 6 because the couple is not from the same family?
There’s a third option available in the public housing market - Sales of Balance Flats. We break down what exactly these flats are.
The post Sale of Balance Flats 2023, What you need to know about HDB’s Sale of Balance Flats (SBF) in 2023 appeared first on .