Discover

Buying a new launch condo involves a 5% booking fee, BSD (1-4%), 25% downpayment, legal fees (~$3500), valuation (~$400), plus progressive payments tied to construction milestones.

Home loan interest rates in Singapore over the last 30 years have fluctuated, influenced by economic conditions and benchmark rates like SIBOR and SOR, with recent rates based on SORA. Fixed rates are typically around 2.40%-2.50% for the initial years, and floating rates are 3M SORA + 0.50%-0.80%.

You may need to pay Seller Stamp Duty (SSD) when selling property. GST applies only to non-residential portions; residential sales are GST-exempt. Buyers can deduct unpaid SSD from the purchase price.

In Singapore, it is possible to reprice a floating rate home loan to a fixed rate home loan at the time when the residential building under construction reaches its TOP. Options include free conversions during the lock-in period, switching from SIBOR to SORA or fixed rates, and reevaluating the loan package for timing and flexibility.

In Singapore, homeowners can reprice their loan from a floating rate to a fixed rate, often involving certain conditions. For a residential building under construction, this typically occurs after the issuance of the TOP. Refinancing to a fixed-rate loan is possible, subject to bank policies, potential penalties, and the interest rate environment.

For residential properties under construction in Singapore, floating rate loans can often be switched to fixed rate loans once the building is completed and ready for occupation (TOP). Borrowers should consult their lenders for specific terms and conditions as policies may vary.

You cannot rent out your entire 2-bedroom Flexi flat during the MOP, but can rent out bedrooms. After MOP, whole flat rental is allowed unless it's a PLH flat, which cannot be fully rented out.

ECs cannot be sold before fulfilling the 5-year MOP; sales transactions are only allowed after the MOP is met.