Summary: Lists 4 land sales sites with aborted en bloc sales. Click for more.

En bloc status for 2024 is Sold \u0026 Awarded

Properties in Bedok with high en bloc potential include Bedok Shopping Complex, Goodwill Court, Still Mansions, Keng Yee Garden, Telok Mansion, United Mansion, East Grove, Sing Lian Building, Uni Building, Kembangan Plaza.

The resale levy is designed to reduce the subsidy on the second subsidised flat, ensuring a fair allocation of public housing subsidies between first and second-timer citizen families. This also prioritizes first-timers with more urgent housing needs.

If an applicant previously bought a new flat from HDB, DBSS, or EC from a developer, or received a CPF Housing Grant, they may need to pay a resale levy when purchasing their next flat.

For Singles Grant recipients, they only need to pay half the resale levy amount when they subsequently form a family and buy a second subsidised flat.

The resale levy amounts for first subsidized flats sold on or after 3 March 2006 are as follows:

- 2-room flat: $15,000 (Households), $7,500 (Single Grant recipients)
- 3-room flat: $30,000 (Households), $15,000 (Single Grant recipients)
- 4-room flat: $40,000 (Households), $20,000 (Single Grant recipients)
- 5-room flat: $45,000 (Households), $22,500 (Single Grant recipients)

This fixed resale levy amount provides greater certainty for financial planning, whether upgrading to a larger flat or right-sizing to a smaller flat.

For more detailed information, you can refer to the specific section under Unit 4.9.

Happy house hunting!

The resale levy ensures fair subsidy allocation for second-timer buyers, with fixed amounts based on flat type. Singles Grant recipients pay half. Applies to buyers of new flats or those who got a CPF Grant. Click for more.

The original Option to Purchase (OTP) document is typically kept by the buyer after the seller signs it. The seller or the seller's lawyer may retain a copy for their records.

who keeps the original option to purchase document after seller signed ? the seller, or srller’s lawyer?

Who keeps the original option to purchase document after the seller signs it, the seller or the seller's lawyer

The Basic Retirement Sum (BRS) and Full Retirement Sum (FRS) are key components in the CPF refund process. For households with one owner, the proceeds from the sale of the flat must be used to top up the CPF Retirement Account (RA) to the current age-adjusted FRS. For households with two or more owners, each owner must use their share of the proceeds to top up their RA to the current age-adjusted BRS. 

After topping up the RA to the specified requirements, any remaining proceeds can be retained in cash, up to a maximum of $100,000 per household. If there are still remaining proceeds after this, they must be used to further top up the respective RAs to the current FRS before any additional balance can be retained in cash. 

This ensures that sufficient funds are set aside for retirement needs.

CPF refund after selling a flat: single owners must top up RA to current FRS; multiple owners to BRS each. Excess proceeds can be kept as cash (up to $100,000/household), then further top-up to FRS if more surplus remains.

how does brs and frs work for cpf refund?

For a budget of SGD 1 million, you could consider:

- HDB Resale Flats in areas like Kallang Whampoa
- Smaller private condominiums in outer central areas
- Loft or Studio units in developments such as Loft@Nathan
- Resale Executive Condominiums if eligible

Consider location, unit size, property age, and amenities for the best fit.

What is the best property to buy for SGD 1 million

HDB resale transactions in Singapore typically complete 8 weeks after HDB's acceptance of the resale application. There is no formal provision for early completion, but parties can negotiate a temporary extension of stay for the seller. Consult your seller and solicitors for possible arrangements.

can i get early completion for my hdb transaction?

Can I get early completion for my HDB transaction

When purchasing a new launch condo priced at $1 million, here is a breakdown of the typical payment schedule and fees:

1) Exercising the Option / Paying the Booking Fee:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash

2) Buyer's Stamp Duty (BSD):
- Amount: $24,600
- Payment Mode: Cash/CPF

3) Downpayment:
- Amount: $150,000 (15% of $1 million)
- Payment Mode: Cash/CPF

4) Legal Fees:
- Amount: ~$3,500
- Payment Mode: Cash/CPF

5) Valuation Fee:
- Amount: ~$400
- Payment Mode: Cash/CPF

Next are the construction milestones:

6) Foundation of Work:
- Amount: $100,000 (10% of $1 million)
- Payment Mode: Cash and/or bank loan

7) Reinforced Concrete Framework:
- Amount: $100,000 (10% of $1 million)
- Payment Mode: Cash and/or bank loan

8) Brick Walls of Unit:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

9) Ceiling of Unit:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

10) Door and Window Frames, Wiring, Internal Plastering and Plumbing:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

11) Car Park, Roads and Drains Serving the Project:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

Lastly, the completion milestones:

12) Notice of Vacant Possession (TOP Date):
- Amount: $250,000 (25% of $1 million)
- Payment Mode: Cash and/or bank loan

13) Legal Completion (CSC Date):
- Amount: $150,000 (15% of $1 million)
- Payment Mode: Cash and/or bank loan

In total, you would need approximately $1,028,500, considering the above fees and payments.

To buy a $1 million new launch condo, you'll need about $1,028,500. Upfront cash/CPF includes $50,000 booking fee, $24,600 stamp duty, $150,000 downpayment, $3,500 legal fees, and $400 valuation fee. Click for more.

i want to buy condo. how much money i need for 1mil condo

How much money do I need for a 1 million condo

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Aborted en bloc sales

En bloc status for 2024 is Sold \u0026 Awarded

En bloc sold in 2024

Enbloc sale in Bedok

How does the resale levy work

Who keeps the original option to purchase document after the seller signs it, the seller or the seller's lawyer

How does BRS and FRS work for CPF refund

What is the best property to buy for SGD 1 million

Can I get early completion for my HDB transaction

How much money do I need for a 1 million condo