FAQ

Frequently Asked Questions

Singapore's property ownership rules for HDB?

A quick rundown of some key ownership rules for HDB:

  1. A HDB flat owner(s) must be at least a Singapore Citizen or two Singapore Permanent Residents.
  2. You may not have more than one HDB flat under your name. If you just purchased a resale HDB flat, you need to dispose the other HDB unit within six months of the resale flat purchase.
  3. If you own a private property, either locally or overseas, you will need to dispose of the private property within six months of the resale flat purchase.
  4. HDB owners may purchase a private property once they’ve met the Minimum Occupation Period (MOP) for the HDB flat.
  5. Singapore PRs cannot own both a HDB and a private property (either locally or overseas) regardless of the MOP.
Is Renting or Buying Better?

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What Is the Lender's Formula?

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What Do I Look for in Homes?

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Do I Need a Home Warranty?

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What are the property taxes I will need to pay if I buy a home?

BSD and ABSD , annual

LTV , MSR, TDSR

What is the stamp duty for private property?

Stamp duty is a tax on the transfer of ownership of properties. In Singapore, three types of stamp duties exist:

Buyer’s Stamp Duty (BSD): A tax paid upon signing of the Option to Purchase/Sale & Purchase agreements, based on the actual price or market value, whichever is higher. The Buyer’s Stamp Duty rates are progressively tiered.

Additional Buyer’s Stamp Duty (ABSD): An additional tax which applies depending on the buyer’s residency status and the number of properties owned by the buyer. Singapore citizens buying their first property have no ABSD.

Seller’s Stamp Duty (SSD): A tax on the seller for properties sold within the first three years of purchase. This starts at 12 percent if sold in the first year of purchase, eight percent in the second year, and four percent in the third year.

Am I Ready to Rent?

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What Should I Offer?

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Can I Ask You for Advice?

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SSD

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