Discover

Buying a resale Executive Condominium (EC) in Singapore can be profitable, especially in the first year post-MOP with a high rate of return. Long-term growth is strong, with a CAGR of 6.6% from 2015 to 2024. Market conditions and optimal holding periods (first year post-MOP or 5-7 years post-MOP) are crucial factors.

New condo launches in Singapore since June 2024 include 22 Marina View in CCR at $3,169 psf (Nov 2024), various projects in RCR and OCR with prices ranging from $1,655 to $3,243 psf, and notable projects like The Botany At Dairy Farm in District 23 at $2,069 psf. Click for more.

Parktown Residence is a new launch in Tampines North, developed by CapitaLand, UOL, and Singapore Land Group. It spans 50,700 sqm with 1,193 units, integrated with a retail mall, MRT station, bus interchange, hawker centre, and community club. Completion is expected by June 2033.

In Singapore, there is generally no capital gains tax on property sales. However, if IRAS deems the sale as part of a trading activity or profit-seeking motive, the gains could be taxable. This is assessed based on factors like transaction frequency, reasons, and holding period. Consult a tax professional for specific advice.

There is no specific figure for the number of failed loans in the Singapore property sector for 2024. Non-Performing Loans (NPLs) in Singapore were $9.948 billion USD as of December 2019, but this does not specifically cover the property sector. Mortgage rates in 2024 are influenced by global economic factors.

Individuals in Singapore can manage and access their CPF for property-related purposes through the CPF Portal, CPF Mobile App, Housing Section on the CPF Website, and HDB Website and Services. These tools help track payments, set up mortgage deductions, and facilitate CPF fund usage for housing.

The CPF Mobile app and Singpass app both allow access to CPF information relevant for property transactions in Singapore. The CPF Mobile app provides account balances, transaction history, and housing fund management. The Singpass app integrates various government services, including CPF and HDB property information.

Escrow services in Singapore property transactions ensure security by holding funds until all terms are met. They are used in real estate transactions to protect buyer and seller interests, and in conveyancing to manage ownership transfer. They are not typically used for property loans.

In Singapore, banks apply a "haircut" to variable or non-fixed income when assessing property loan applications, typically ranging from 30% to 50%. This affects the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR) calculations, ensuring borrowers do not over-leverage.

To determine your bank loan eligibility for a property in Singapore, consider your income, debt obligations, and MAS regulations. With a $7,000 monthly income, TDSR is capped at 55% ($3,850) and MSR at 30% ($2,100). Loan tenure and interest rates affect the loan amount, with LTV ratio capped at 75%. Consult EdgeProp's calculator or a mortgage advisor for precise estimates.