The conversion scheme for adjoining flats includes two options:

**Option 1:** Buying 2 adjoining units of 3-room or smaller flat.

**Option 2:** Currently own a 3-room or smaller flat and buying an adjoining 3-room or smaller flat.

**Requirements:**
- Must form a family nucleus with:
  - Spouse and children, if any, or
  - Parents and siblings, or
  - Children under legal custody, care, and control (for widowed, divorced, or separated persons).

**Conditions:**
- For Option 1: Need to fulfill EIP and SPR Quota.
- For Option 2: No restriction on EIP and SPR Quota.
- On completion of the purchase, the lessees must construct an opening of at least 1 metre by 2.2 metre between the two units in a spot approved by the HDB.
- After the purchase, the existing flat number will be retained, while the adjoining flat number will be dropped. There will be a single lease.
- The combined flat cannot be sub-divided again for resale, transfer, or surrender.
- Financing scheme for such combined flats is the same as other flat types.

Adjoining flats can be combined via two options for 3-room or smaller units, with family nucleus and EIP/SPR quota criteria. Must create an opening between flats; single lease applies; combined flat can't be subdivided for resale. Click for more.

The procedure from applying for a mortgage loan until taking over the property key involves several steps:

1. **Mortgage Loan Application**:
   - Verify eligibility for an HDB loan or determine the amount of mortgage loan from a bank.
   - Obtain a HDB Loan Eligibility (HLE) Letter from HDB or a Letter of Offer from the bank.
   - Process the application to withdraw CPF savings for the purchase.
   - Set aside CPF Ordinary Account (OA) amount for stamp duty, conveyancing fee, and Home Protection Scheme (HPS) premium (if any).

2. **Financial Planning**:
   - Determine the amount of cash needed for the flat.
   - Inform the buyer of the amount of stamp and conveyancing fees.
   - Arrange for the use of GIRO for monthly installments.

3. **Resale Application and Request for Value**:
   - Submit the resale application online.
   - Request for the valuation of the property.

4. **Buyer's Duties Before Completion**:
   - Inspect the resale flat to ensure vacant possession will be delivered.
   - Pay the balance of the purchase price with Cashier's Order or NETS.
   - Obtain a valid Certificate of Insurance for a Mortgage Fire Insurance policy if taking an HDB loan.

5. **Completion of Resale**:
   - On the day of completion, the seller produces evidence of payment of S&CC and property tax.
   - Both the seller and buyer sign the legal instruments.
   - The seller hands over the keys to the buyer.
   - The net sale proceeds are released to the seller, and the CPF refund is credited to the seller's CPF account within 7 days.

6. **Final Steps**:
   - For bank loan cases, private solicitors arrange for the resale completion and hand-over of keys.
   - The buyer takes over the property key and gains possession of the flat.

Steps: Apply for a mortgage, obtain eligibility/offer letter, arrange CPF and cash for fees, submit resale application and valuation, inspect property, pay balance, secure insurance, complete legal paperwork, receive keys and take possession.

what is procedure from apply mortgage loan till take over property key

What is the procedure from applying for a mortgage loan until taking over the property key

To buy a home in Singapore as a Permanent Resident (PR), consider these costs:

1. Purchase Price: HDB flats ($350K-$700K), private condos ($800K-$2M+).
2. Downpayment: 25% total (minimum 5% cash).
3. Stamp Duties: BSD (1-3%), ABSD (5-30%).
4. Upfront Costs: Deposit, legal fees, agent fees, valuation fee, resale application fee.
5. Recurring Costs: Property tax, maintenance, utilities, insurance, mortgage repayments.
6. Grants and Loans: Eligibility-dependent housing grants.

singapore pr home buying budget breakdown: how much do you really need?

Singapore PR home buying budget breakdown: how much do you really need

Both residential and industrial properties have Seller's Stamp Duty (SSD).

### Residential Properties
- Up to 1 year: 12%
- More than 1 year and up to 2 years: 8%
- More than 2 years and up to 3 years: 4%
- More than 3 years: No SSD payable

### Industrial Properties
- Up to 1 year: 15%
- More than 1 year and up to 2 years: 10%
- More than 2 years and up to 3 years: 5%
- More than 3 years: No SSD payable

Both residential and industrial properties are subject to Seller's Stamp Duty (SSD) for sales within 3 years, with varying rates based on holding period; no SSD payable after 3 years.

Yes, a team leader can override commission from teammates. For example, if a salesperson has overriding commissions over another salesperson, such as a team leader, they collect a share of the commission earned by the other salesperson.

Team leaders can receive overriding commissions from teammates, meaning they collect a share of the commission earned by their team members.

does team leader override commission from teammates

Does the team leader override commission from teammates

In 2025, Singapore's rental market will see a 2%-4% rise in rental prices for private homes and HDB flats due to economic growth and limited supply. Completions of private homes will drop by 41% to 5,348 units. HDB flats reaching MOP will be at a decade-low. Regional variations will affect rental demand and growth, with the CCR seeing the highest increases. Tenants prefer properties with amenities.

CCR stands for Core Central Region, a prime area in Singapore's property market.

When investing in real estate, the following pitfalls should be avoided:

- **Liquidity**: Property is illiquid and takes time to sell.
- **Huge capital outlay**: The initial investment can be substantial compared to other forms of investments.
- **Financial risks**: Risk increases when there is a loan involved.
- **Business risks**: High vacancy rates can result in lower than expected rental income.
- **Fluctuations**: Property is subject to market cycles.
- **Depreciation**: Buildings may deteriorate without proper maintenance.
- **Management fees**: Costs involved in property management and regular maintenance.
- **Complexity of ownership**: Legal constraints and government controls may apply.

Avoid real estate investment pitfalls like illiquidity, large capital outlay, financial risk from loans, business risks (e.g. vacancy), market fluctuations, depreciation, management fees, and legal or government complexities.

what pitfalls should be avoided when investing in real estate?

What pitfalls should be avoided when investing in real estate

For shophouse rental, the following information is needed:

- The address of the property to be leased.
- The legal name(s) of the owner(s).
- The objective of the contract, i.e., the contract should state clearly whether the property is for sale or lease.
- The expiry date of the listing contract. The listing period should be for at least 2 months.
- The amount of commission payable, or how it is to be calculated. It should also state when and how the commission is to be paid.

For shophouse rental: property address, legal owner(s) name, lease objective, listing contract expiry date (min. 2 months), commission amount or calculation method, and payment details.

What information is needed for shophouse rental

A Jack and Jill bathroom has dual access, situated between two bedrooms with separate doors for each room. It is space-efficient, ensures privacy with locking doors, can vary in layout (three-piece to five-piece), and offers convenience, especially for families.

Check Home Value

Transactions

Listings

Compare Projects

Overview Project

Shortlist Projects

General Questions

Quick Start

Browse trending questions on rentals, transactions, and price trends in Singapore.

New Launches

Discover

Adjoint flats

What is the procedure from applying for a mortgage loan until taking over the property key

Singapore PR home buying budget breakdown: how much do you really need

Which property has ssd

Does the team leader override commission from teammates

Rental market trend news

What is CCR

What pitfalls should be avoided when investing in real estate

What information is needed for shophouse rental

What is a jack and jill