Discover

PRs can't buy new HDB flats directly but can purchase resale HDB flats if applying with another PR or Singaporean family member.

The Singapore Overnight Rate Average (SORA) is an interest rate benchmark introduced by MAS to replace SIBOR and SOR. SORA is based on actual transactions in the unsecured overnight interbank market and is less volatile. It is used to price floating-rate housing loans with various compounded rates like 1-month, 3-month, and 6-month SORA.

When a Singapore citizen buys a property with a foreigner as their first matrimonial home, an ABSD of 60% applies.

Married couples each owning an HDB flat must dispose of one HDB under HDB rules. Owners of private and inherited HDB flats must dispose of the HDB. These apply to disposals from 18 Dec 2015.

HDB inheritance: Non-HDB owners inheriting an HDB flat must dispose of it. Married HDB owners must keep only one flat. Orphan Scheme: Unmarried orphaned siblings may co-own if at least one parent was SC/SPR; certain age and flat ownership rules apply.

ABSD is non-refundable once paid, even if the property is later transferred back to your daughter.

A mortgage loan and a housing loan in Singapore refer to the same financial product for purchasing properties, but with differences in loan sources, interest rates, downpayment, and LTV ratios. HDB loans are for HDB flats with lower rates and higher LTV, while bank loans are for private properties with higher rates and lower LTV.

When considering new launches in the Singapore property market for 2025, factors like location, pricing, and market trends are crucial. Key EC launches include Aurelle of Tampines, Tenet, Lumina Grand, Altura, and Novo Place. Market trends indicate stable prices and demand, with a forecasted rise of 4-7% in private property prices. Properties near MRT stations and areas undergoing urban transformation are highly sought after. Properties with sustainable features and green certifications are also becoming more popular.

TOP (Temporary Occupation Permit) allows residents to move into a development even with minor ongoing works and is optional. CSC (Certificate of Statutory Completion) is mandatory, indicating full compliance with safety and building regulations, and is required for complete occupancy of the development.