Significant property news in Singapore for 2024 includes a 0.7% drop in private home prices in Q3, stable private resale prices, six new project launches in November including City Developments' Union Square, and Singapore securing 11% of Asia Pacific cross-border real estate investment capital. Click for more.

list the top ten property news this year with the dates

List the top ten property news in Singapore for 2024

Housing grants in Singapore are credited into the applicants' CPF Ordinary Accounts after booking a flat. These grants do not reduce the initial 20% CPF or 5% cash required for the down payment. The grants are used to offset the flat’s purchase price after the down payment is made.

does housing grant deduct before or after 20% cpf and 5% cash payment?

Does housing grant deduct before or after 20% CPF and 5% cash payment

The valuation of private properties includes the following factors:

- The annual value of the properties
- Description or designation sufficient for identification
- Name of the owner
- Any other particulars which the Chief Assessor may, from time to time, deem fit

The valuation is based on estimated market rentals of similar or comparable properties and not on the actual rental income received.

For more details, you can visit <a href="https://www.iras.gov.sg" target="_blank">www.iras.gov.sg</a>.

Thank you for your query!

Valuation factors: annual value, property description/identification, owner's name, and other particulars. Based on estimated market rentals of comparable properties, not actual rental income.

what factors included for calcuation of valuation of private properties

What factors are included for calculation of valuation of private properties

The resale levy is designed to reduce the subsidy on the second subsidized 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 the applicant previously bought a new flat from HDB, DBSS, or EC from a developer, or received a CPF Housing Grant, they may have 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 subsidized flat.

Here is the resale levy amount for first subsidized flats sold on or after 3 March 2006:

<table>
  <tbody>
    <tr>
      <td>First Subsidised Housing Type</td>
      <td>Households</td>
      <td>Single Grant recipients</td>
    </tr>
    <tr>
      <td>2-room flat</td>
      <td>$15,000</td>
      <td>$7,500</td>
    </tr>
    <tr>
      <td>3-room flat</td>
      <td>$30,000</td>
      <td>$15,000</td>
    </tr>
    <tr>
      <td>4-room flat</td>
      <td>$40,000</td>
      <td>$20,000</td>
    </tr>
    <tr>
      <td>5-room flat</td>
      <td>$45,000</td>
      <td>$22,500</td>
    </tr>
    <tr>
      <td>Executive flat</td>
      <td>$50,000</td>
      <td>$25,000</td>
    </tr>
    <tr>
      <td>Executive Condominium</td>
      <td>$55,000</td>
      <td>NA</td>
    </tr>
  </tbody>
</table>

When and how payment is made:

<table>
  <tbody>
    <tr>
      <td>Flat Sale Timeline</td>
      <td>Resale Levy Payment</td>
    </tr>
    <tr>
      <td>First subsidised flat was disposed of after taking possession of the second subsidised flat</td>
      <td>- Resale levy deducted from the sale proceeds upon the sale of the first subsidised flat<br>- Any shortfall to be paid in cash</td>
    </tr>
    <tr>
      <td>First subsidised flat was disposed of before taking possession of the second subsidised flat</td>
      <td>- Resale levy paid in cash upon taking possession of the second subsidised flat</td>
    </tr>
  </tbody>
</table>

For more detailed information, please refer to the specific sections under property finance and financial calculations.

You must pay a resale levy when buying a second subsidized HDB flat after receiving a subsidy for your first HDB, to ensure fair allocation of public housing subsidies.

i have gotten subsidy for my hdb. do i need to return the resale levy for second resale hdb property

Do I need to return the resale levy for a second resale HDB property if I have received a subsidy for my first HDB

The legal age to own a property in Singapore is 21 years old. However, the Civil Law Act was amended to lower the contractual legal age from 21 to 18 years, but this does not apply to contracts for the sale, purchase, mortgage, assignment, or settlement of any land or a lease of land for more than 3 years.

I hope this helps!

The legal age to own property in Singapore is 21, as contracts involving land are excluded from the reduced contractual age of 18 under the Civil Law Act.

what is the legal age to own a property in singapore

What is the legal age to own a property in Singapore

A medium-sized condo unit in Singapore generally ranges from 900 to 1,000 square feet, often covering 2 or 3-bedroom units. 1-bedroom units are typically around 400-700 square feet, 2-bedrooms are usually 700-1,100 square feet, and 3-bedrooms are often 1,000-1,500 square feet.

How many units are in a medium size condo

For HDB flats in Singapore, the price difference between each floor generally ranges from $3,000 to $7,000. This difference can be influenced by factors such as the specific estate, location, views, and the age of the flat.

for hdb of 1m, what is the price difference between each floor

What is the price difference between each floor for an HDB priced at 1 million

Undervalued 3-bedroom condos in Singapore include:

- **Parc Esta**: New, near Eunos MRT, good connectivity.
- **Treasure at Tampines**: Competitive pricing, many facilities.
- **Wing Fong Court**: Older, freehold, good location, potential rental asset.

Factors: location, property age, amenities, market demand.

give me the most undervalued condo 3 bedder now

Please provide information on the most undervalued 3-bedroom condo currently available

No, under the Estate Agents Act (Cap. 95A), no estate agent or salesperson shall hold or handle any money for or on behalf of any party in relation to the sale and purchase of any property situated in Singapore or lease of HDB property. Therefore, the 4% exercise fee should be handled by the relevant professionals, such as lawyers, to ensure compliance with the regulations.

For more details, you can refer to the <a href="https://www.edgeprop.sg/property-agents">EdgeProp.sg</a>.



The 4% exercise fee cannot be issued to the owner; it must be handled by relevant professionals like lawyers, as estate agents or salespersons are not allowed to handle such funds by law.

can 4% exercise fee issue to owner instead of lawyer?

Can 4% exercise fee be issued to the owner instead of the lawyer

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