SRX (Singapore Real Estate Exchange ) Property Index (SPI) Chart: https://www.srx.com.sg/price-index#

Glass（茶几玻璃）56 * 61cm

Bartley: Casa Rosa

Farrer park: Kerrisdale

Misc Notes

Option to Purchase:

You have decided to purchase a property. Prepare 1% of the purchase price (as a consideration) in exchange for the Option to Purchase from the seller. Option to Purchase is usually prepared by the seller's (vendor) solicitor or property agent. You are usually given 14 days to decide whether to proceed with the purchase. If you decide to proceed, exercise the option by signing in your solicitor's office and forward it to the seller's solicitor together with another 4% or 9% (agreement between the vendor and purchaser) of the purchase price. in simple, :

  1) get the option to Purchase: 1% . Note: must let all owner sign it.
  2) get bank loan, then execute the option with lawyer in 14 days
  3) pay the stamp in 14 days after execute the OPT: example 3% * 1,150,000 - 5400 = 29,100 S$

Offer to Purchase:

Alternatively, you can ask your realtor to prepare the Offer to Purchase and attention to the seller. Clearly stating the price, sales completion date and others. Terms and conditions can be drafted by your solicitor or your realtor.

Completion of Sale:

From then on, leave it to your solicitor for the completion of the sale, which will be completed in around 8 to 10 weeks time (agreement between the vendor and purchaser). Your solicitor will lodge a caveat on the property, coordinate with the financial institution, CPF board (if applicable), prepare the mortgagor/mortgagee documents.

Stamp fee will be payable to Inland Revenue Authority of Singapore within 14 days upon exercising the Option to Purchase or signing the Sales and Purchase Agreement when you buy from a property developer. For stamp fee payable, refer to the 'Buyer's Stamp Duty (BSD)' and 'Additional Buyer's Stamp Duty (ABSD)' sections above.

For HDB flats, there is also an option period of 21 days for the buyer to consider over the intended purchase, to check his eligibility, financing aspects and other issues such as whether the flat is affected by redevelopment/upgrading, the liability to pay upgrading cost/levy etc. If the buyer does not wish to buy the resale flat, he can let the Option expire and loses only the option fee. To ensure a standardised practice, HDB has the following guidelines for the Option Fee, Deposit and Option Period:

Option Fee - An amount not exceeding $1,000 Deposit - An amount not exceeding $5,000 (including the Option Fee) Option Period - 14 calendar days

The buyer can request and state clearly in the Option to Purchase for permission to inspect the property before the completion of the sale. Check the fixtures and fittings, and also the items that the seller had agreed to sell with the property.

For HDB flats, HDB will do the inspection on your behalf. They will check for any unauthorised renovation. Seller will need to reinstate the flat into the condition allowed before HDB approve the sale.

As each realtor may charge differently, please refer to your realtor for the service fee payable.

Buyer and seller should ensure that an invoice from a licenced real estate agency is issued to them. Upon payment, do not pay cash directly to the realtor, instead, issue a cross-cheque payable to the realtor's agency according to the invoice.

Stamp Duty Based on the Purchase Price or Market Value, whichever is higher:

Every $100 or part thereof of the first $180,000 - $1 Every $100 or part thereof of the next $180,000 - $2 Every $100 or part thereof of the remainder - $3

For ease of calculation, if the purchase price is more than $300,000, stamp duty payable will be:

  3% of purchase price minus $5,400
  For example: 3% * 1,150,000 - 5400 = 29,100 S$

• Number of years remaining (for leasehold condos): many buyers still frown upon older developments with less than 60 years of lease remaining.
• General upkeep of the estate
• Maintenance/Sinking funds: to ask how much the estate has in terms of sinking funds
• immediate neighbours
• Plot ratio and building restrictions: Land Size X Plot Ratio = Gross Floor Area (GFA).The GFA include any basement, common area, public utility (3phase cable, etc) garden and of course, residential area. The higher you go, the more ground area you have but total build-up area must not exceed the allowable GFA.

SimsVille 99 years: completed in 1998 http://www.propertyguru.com.sg/project/starville-381

Sims dorado: free hold

The sunny spring:freehold

Cassia View: freehold http://www.propertyguru.com.sg/project/cassia-view-1709

Casa Sarina: freehold 10xx ~ 11xx pfs http://www.propertyguru.com.sg/project/casa-sarina-553

Chen Fang Mansions: http://www.propertyguru.com.sg/project/chen-fang-mansions-1809 1K psf

26, Lorong 33 Geylang (S)387986\\
Tenure:	Freehold\\
Completion Year:	1997\\
# of Units:	21\\

Eunos Green: Freehold 1998 1000 ~ 1100 psf

Le Crescendo: 1K meter to circuit road 1100-13xx psf

Tg Katong Rd233号\\
Tenure:	Freehold\\
Completion Year:	2006\\
# of Floors:	20\\
# of Units:	228\\

Primary school: Geylang Methodist Primary School, Macpherson Primary School, Canossa Convent Primary School

Primary School: Maha Bodhi School

Hi I'm planning to buy a condominium/apartment around 1.2MS$. How much can I borrow from your bank and what's kinds of loan plan and its interest rate your bank providing now? Thanks !