A whole bunch of changes in rules were made during the National Day Rally 2010. It affects both HDB and private property owners.
Here is a summary of the changes:
1. If you buy a HDB resale flat now with no HDB loan or grant, you now have to occupy it for 5 years before you can [...]
Continue reading about Summary of changes to Singapore Property Rules
1. Seller’s Stamp Duty (SSD) is now applicable to any seller who sell their property within the 1st 3 years. (HDB sales are not affected due to MOP of 3 or 5 years).
2. SSD is calculated as:
- 1% for first $180,000
- 2% for next $180,000
- 3% for balance.
3. If property sold within:
- 1st year = [...]
1. Private property owners who buy resale HDB flats must now dispose of their private property within six months of purchase. This is to prevent private property owners from buying HDB resale flats for investment purposes.
2. All buyers of HDB flats now have to meet 5 year minimum occupation period (MOP) before reselling the flat [...]
1. If you buy a HDB resale flat now with no HDB loan or grant, you now have to occupy it for 5 years before you can sell your flat. (Previously, you need only occupy the unit for 3 years.)
2. Households earning $8k-$10k now eligible for DBSS, and $30k CPF housing grant.”
3. 16,000 more new [...]
If your household income is between $8-10k, now you have the option to buy DBSS (Design-Build-and-Sell Scheme) and EC (Exeuctive Condominimums).
They will be eligible for $30k housing grant, but have to take up their own private bank loan.
THE Housing Board will raise the $8,000 income ceiling to $10,000 to give those caught in [...]
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