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Q&A
What does "ec" mean in the context of Singapore real estate
EC in the context of Singapore real estate stands for Executive Condominium.
8 months ago
14 views
How much are legal fees?
Legal fees for a new launch condo are typically around $3,500. For the Lease Buyback Scheme, they range from about $300 to $500.
8 months ago
12 views
How much are valuation fees?
Valuation fees for an HDB resale transaction are S$120 (inclusive of GST) regardless of flat type. For a new launch condo, the approximate valuation fee is around S$400.
8 months ago
42 views
What are the necessary fees payable when buying a private property?
Typical fees include Option Fee, Option Exercise Fee, stamp duty (e.g., Buyer's Stamp Duty), legal fees, agent commissions, valuation fees, and possibly an HDB administration fee.
8 months ago
18 views
Is it a good buy in Singapore real estate
You can use the analytics tool "Is it a Good Deal" on EdgeProp.sg to evaluate whether your Singapore real estate transaction is a good buy by entering your buying or selling price to generate a pros and cons breakdown.
8 months ago
7 views
Why is Bukit Timah a sought-after address?
Bukit Timah district is a prime area for the affluent, featuring top local and international schools, nature reserves with Singapore's tallest hill and largest primary forest, heritage sites like the railway corridor, tranquil landed estates, and proximity to Orchard Road shopping belt.
5 people
8 months ago
14 views
What is a dual key unit
A dual key unit is a unique property type featuring two separate living spaces within a single unit. This allows homeowners to live in one space while renting out the other for additional income or to accommodate multi-generational living.
19 people
8 months ago
12 views
Do I need to pay ABSD if I sell my HDB to buy a condo
If you purchase a second property, you'll need to pay the ABSD. You can apply for a remission if you sell your first home within six months of buying the second one, or within six months of the second property's TOP or CSC if it's under development.
8 months ago
13 views
How do I switch agency
To switch agencies, end your current contract with your estate agent. If an exclusive agreement exists, ensure it has ended or agree to terminate it first. Once the contract is properly ended, you can engage a new estate agent.
8 months ago
17 views
I bought a condo in 2024 and want to sell it this year. How much SSD do I need to pay
You may need to pay Seller's Stamp Duty (SSD) as follows: within 1 year: 16%, within 2 years: 12%, within 3 years: 8%, within 4 years: 4%. After four years, no SSD is payable.
5 people
8 months ago
19 views
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