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The average price of shophouses in Singapore has surged to a record $5,500 per square foot, with some conservation shophouses in the CBD and Chinatown selling for above $7,000 per square foot.

HDB loan will be pro-rated from the 75% LTV limit if the flat's remaining lease plus your age does not cover 95 years, reducing your maximum loan amount accordingly.

You must dispose of your current HDB flat within 6 months of buying a new launch unit, and meet eligibility requirements for the new property.

Securing a bank loan of $700,000 for a single 38-year-old with no income is highly unlikely in Singapore. Banks require borrowers to have a stable income, a good credit score, and manageable debt obligations to assess their ability to repay the loan.

ABSD rates: Citizens—1st property 0%, 2nd 20%, 3rd+ 30%. PRs—1st 5%, 2nd 30%, 3rd+ 35%. Foreigners—any property 60%. Entities—65%. ABSD based on the buyer with highest applicable rate. FTAs exemptions apply.

Agents can be reimbursed by clients for reasonable expenses (e.g., travel, photocopying, government fees) incurred while performing their duties.

Sellers in Singapore often reject agents due to factors like lower-than-expected property quotes, commission concerns, lack of enthusiasm or market knowledge, poor personal presentation, chauvinistic behavior, unprofessionalism, greed, unethical practices, and misuse of services like the HDB Flat Eligibility letter.

To buy an HDB flat as a Singapore Permanent Resident (SPR): - At least 21 years old, with SPR status for 3 years. - Form a family nucleus (spouse, parents, children). - No ownership of private property. - Comply with Ethnic Integration Policy and SPR quota. - Adhere to Minimum Occupation Period (5 years).

Buyers must provide cash at sale completion, especially if purchase price exceeds valuation or if CPF/loan is insufficient. Payment is made via Cashier's Order and/or NETS on the resale completion date.