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  • a

  • Additional Buyer Stamp Duties / ABSD (额外的买方印花税)
    ADDITIONAL BUYER’S STAMP DUTY Depending on your residency status and how many residential properties you already own in Singapore, you may also need to pay ABSD when buying residential property in Singapore. What is considered residential property? Common residential properties include HDB(...) - Read More
  • Accrued interest (应计利息)
    Accrued interest is simply the amount we would have received in interest returns on our CPF OA funds if we didn’t use it to pay for our homes. Source : dollarsandsense.sg - Read More
  • Adjudication (裁决)
    When you seek the opinion of the Commissioner of Stamp Duties on the Stamp Duty amount, you are making an application for adjudication. Source : IRAS - Read More
  • Administrator (遗嘱认证书管理员)
    These Letters of Administration serve as a court order authorising a person to be appointed as the administrator to administer the estate and distribute the assets in accordance to Singapore's laws. The administration process is primarily directed by the Probate and Administration Act and the(...) - Read More
  • As is Where is (所见所得)
    The “as is where is” clause stems from an English legal doctrine known as the “caveat emptor” rule which is now part of Singapore law. Source : singaporelegaladvice.com - Read More
  • b

  • Basic Retirement Sum / BRS (基本存款)
          Basic Retirement Sum (BRS) stands at $88,000 as of 2019. If CPF members own a property with remaining lease that can last them to at least 95 years old and choose to withdraw their Retirement Account savings (excluding interest earned, any government grants received and(...) - Read More
  • Build to Order / BTO (预购组屋)
    On 15 April 2001, the Housing Development Board (HDB) launched its pilot Built-To-Order system (BTO) as the mode of sale for its new flats. The pilot scheme involved 2,500 new flats at four sites at Sengkang and Sembawang. It was fully implemented in January 2002, replacing the Registration(...) - Read More
  • Building Under Construction / BUC (尚在建造中私宅项目)
    These are condos that have yet to receive their Temporary Occupancy Permit (TOP). In short, they are not constructed yet; when you are looking at the condo, you will be browsing pamphlets, 3D projections, and show flats. It is typically two to three years before a new condo will TOP. Source(...) - Read More
  • Building Under Construction Loan (正在建设的屋子的贷款)
    Unlike a loan for a completed property which is 100% disbursed at one time, a BUC loan has a progressive disbursement schedule. In other words, a certain percentage of the loan is disbursed at each stage of the property construction Source : icompareloan - Read More
  • Buyer Stamp Duty / BSD (买家印花税)
    BUYER’S STAMP DUTY BSD is payable on all property you buy in Singapore. The amount of BSD to be paid is based on: The purchase price of the property, as stated in the signed sale and purchase agreement; or The market value of the property, as obtained from valuation reports of the(...) - Read More
  • c

  • Caveat (买卖禁令)
    A caveat is a legal document lodged with the Singapore Land Authority by a person with an interest in land or property. Frequently, it is lodged by a purchaser to protect his interest in that property after an option to purchase is exercised or a Sales & Purchase Agreement is signed. Source(...) - Read More
  • Certificate of Statutory Completion (Building Under Construction) (法定结业证书)
    When the building works are completed, the applicant and the Qualified Person shall apply to the Commissioner of Building Control for a Certificate of Statutory Completion (CSC) or a Temporary Occupation Permit (TOP). The building can only be occupied when a CSC or TOP is(...) - Read More
  • Commisioner for Oaths ( 宣誓官)
    A Commissioner for Oaths, as the name suggests, primarily administers oaths or affirmations to a person making an affidavit, statutory declaration or other legal document, which are to be used within Singapore. A Commissioner for Oaths may also receive acknowledgements of certain persons or(...) - Read More
  • Controller of Housing (房屋总监)
    The Minister may, by notification in the Gazette, appoint a public officer or an officer of a public authority to be the Controller of Housing for the purposes of the act for the licensing and control of housing developers. Source: AGC - Read More
  • Conveyancing (房产交易)
    Conveyancing refers to the legal process of transferring title in a property from one person to another. For most people, the purchase of a property is likely to be the most expensive purchase they will make in their entire life, and it is therefore important to get it right. This article(...) - Read More
  • CPF (公积金)
    In Singapore, the Central Provident Fund (CPF) is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs. Source : Wikipedia - Read More
  • d

  • Design, Build and Sell Scheme / DBSS (私人发展商设计、兴建和销售政策)
    Design, Build and Sell Scheme (abbreviation: DBSS) was introduced by the Housing and Development Board in 2005. Flats built under the scheme were meant for public housing and developed by private developers. They were built with supposedly better designs and mostly in matured estates such as(...) - Read More
  • Decoupling (房产脱钩)
    In general, decoupling is allowed on the private residential property without much restriction. A case where decoupling may not be allowed is when one of the parties is going bankrupt. Source: Property Net - Read More
  • Decree Nisi (离婚中期判决)
    The decree nisi is a provisional decree of divorce pronounced when the court is satisfied that a person has met the legal and procedural requirements to obtain a divorce. Following the pronouncement of decree nisi, the marriage still exists and you are not yet 'divorced'. Source: Singapore(...) - Read More
  • Decree Nisi Absolute (离婚最终判决)
    You must wait until the Court has dealt with all the ancillary matters in your divorce, or for three months, whichever is later, before you can apply for a Certificate of Making Interim Judgment Final, or Final Judgment. You can only remarry after you have obtained Final Judgment. Source: 99.Co - Read More
  • Defects (缺陷)
    What is a defect? A defect is any fault in the unit, housing project and common property or limited common property which is due either to defective workmanship or materials or to the unit not having been constructed according to the Specifications in the S&P. For units in a strata(...) - Read More
  • Defects Liability Period (免费维修期)
    Defects Liability Period The developer is obliged to rectify any defect in the unit, the common property or the housing project which becomes apparent within a period of 12 months from: The date the developer delivers vacant possession of the unit to you; or The 15th day after you(...) - Read More
  • Deferred Payment Scheme (延迟付款计划)
    The DPS enables buyers to first pay a down payment to own a unit. Thispayment is a small percentage of the unit's purchase price, with the balance deferred to a later date, usually a year or two later. Source: Maximise.Sg - Read More
  • Developer's Project Account (发展商项目帐户)
    A licensed housing developer shall deposit any loan for the construction of a building project into the Project Account of the building project. Source: AGC - Read More
  • e

  • E-Notice of Transfer (电子转移通知)
    Lawyers generally submit the Notice of Transfer on behalf of the seller/transferor of the property using the online service "Update Property Ownership" provided by IRAS. From 22 May 2017, e-Service "e-Notice of Transfer" has been renamed to "Update Property Ownership". Source: IRAS - Read More
  • e-Stamping (电子交付印花税)
    E-Stamping is a computer-based application and a secured way of paying non-judicial stamp duty to the government. The prevailing system of physical stamp paper/franking is being replaced by E-stamping system. Source: IRAS - Read More
  • En-bloc Sale (集体出售)
    Refers to the sale of all the units within a housing development to a single party or a consortium/joint venture, who has the intention to redevelop the site into a new development. The enbloc transactions are first identified from caveat data in REALIS when it is observed that caveats are(...) - Read More
  • Estate Agency Agreement (地产代理公司与属下经纪的协约)
    A prescribed estate agency agreement is more than just a commission agreement. It is a binding contract between you and your property agency/agent for the performance of estate agency work. ... Stipulating the duties of property agencies and agents. Requiring the disclosure of any potential(...) - Read More
  • Ethnic Integration Policy (HDB) (种族融合政策)
    Ethnic Integration Policy is implemented - Singapore History. The Ethnic Integration Policy was implemented on 1 March 1989 to promote racial integrationand harmony in Housing and Development Board (HDB) estates. Owners were free to sell their flat to a buyer of any race as long as the racial(...) - Read More
  • Executive Condominium / EC (执行共管公寓)
    A new type of housing introduced by the government in 1995 to meet the housing aspirations of the growing number of graduates and young professionals. It is a strata-titled apartment built by the private sector and has facilities comparable to a private condominium. However, there are some(...) - Read More
  • Executor (遗嘱执行人)
    A person or institution appointed by a testator to carry out the terms of their will. Source: Singapore Legal Advice - Read More
  • f

  • Family Nucleus (家庭核心)
    Type of Family Nucleus: Nuclear family refers to either: (i) a married couple with or without children; or (ii) a family consisting of immediate related members, without the presence of a married couple, e.g. one parent only with unmarried child or children. Source: Dollar And Sense - Read More
  • Final Judgement (终审判决)
    A final judgment, granted at the end of the second stage of divorce, proves that a marriage has been dissolved. This is after, all ancillary matters such as child custody, maintenance and division of matrimonial assets have been determined. A divorce certificate will only be granted upon the(...) - Read More
  • Fire Insurance (防火保险)
    Without an outstanding loan, fire insurance is optional for property owners. The HDB does not require home owners to buy fire insurance if the HDB loan is fully paid. Still, it is prudent to have adequatefire cover and consider protecting your home contents too. Source: MoneySmart - Read More
  • Fixed Rate (固定利率)
    The interest rate on such loans is fixed for a set period, during which charges are often imposed for early redemption. Being protected against interest rate increases allows for easy monthly budgeting. However, if market rates were to fall during the fixed interest period, you may be left(...) - Read More
  • Floor Plan (楼面平面图)
    A floor plan is a drawing to scale, showing a view from above, of the relationships between rooms, spaces, traffic patterns, and other physical features at one level of a structure. Source: Teoalida - Read More
  • Foundation Works (地基工程)
    It means that part of a construction immediately below the footings of a building, which is in direct contact with, and through which the weight of a building is transmitted to, the ground, and includes piling works Source: Mortgage Super Mart - Read More
  • Freehold (永久业权财产)
    A freehold property involves a permanent change in ownership of land or a building that is not time-sensitive and will not revert to another owner unless a new sale is agreed. Source: MoneySmart - Read More
  • Full Redemption / Fully Redeem (还清贷款)
    When you mortgage your asset to a mortgagee (typically a bank), the ownership of the asset is transferred over to the mortgagee as a form of security for a loan. However, you have a right to redeem this mortgage, which entitles you to call for the re-transfer of your asset when the secured(...) - Read More
  • h

  • HDB Loan Eligibility (HLE) Letter (建屋与发展局贷款合格书)
    The HLE letter provides prior information on flat buyers' loan eligibility quantum and monthly instalment to ensure that flat buyers are able to pay for their home and service the loan without overstretching their finances. Source: HDB - Read More
  • Home Protection Scheme (HDB) (房产贷款保险)
    The Home Protection Scheme (HPS) is a mortgage reducing insurance which insures CPF members and their families against losing their homes should members become physically / mentally incapacitated or pass away before their housing loans are paid up. Source: CPF - Read More
  • i

  • Inland Revenue Authority ofSingapore / IRAS (国内税务局)
    The Inland Revenue Authority of Singapore (IRAS) is the main tax administrator to the Government. IRAS collects taxes that account for about 70% of the Government's Operating Revenue that supports the Government's economic and social programmes to achieve quality growth and an inclusive(...) - Read More
  • Integrated Land Information Services / INLIS (国内税务局)
    INLIS is a service of the Singapore Land Authority (SLA) providing property information conveniently via the Internet. Source: SLA - Read More
  • Intent to Buy (购买意向)
    The Intent to Buy replaces the Resale Checklist, which was used prior to 1 January 2018. Like the Resale Checklist, registering your Intent to Buy lets HDB assess your eligibility to purchase an HDB resale flat. Source: Carousell - Read More
  • Intent to Sell (销售意向)
    If you intend to sell an HDB Resale flat, you must register your Intent to Sell with HDB at least 7 days BEFORE you grant an Option to Purchase to a buyer. Your resale application will not be accepted by HDB if you do not register your Intent to Sell or grant an Option to Purchase less than 7(...) - Read More
  • Intestate Succession Act (无遗嘱继承法令)
    In the absence of a will, your estate will be distributed in accordance to Singapore's Intestate Succession Act. This does not apply if you are of Islamic faith. According to Section 7 of the Intestate Succession Act, the priority of distribution is as follows: (1) Spouse, children (2) Parents(...) - Read More
  • In-principal approval / IPA (原则批准)
    In-principal approval is an approved loan amount given by the Bank based on the credit report and affordability of the borrower. It is not a binding document and is subject to the property valuation and other checks in the application process. Source: MoneySmart - Read More
  • j

  • Joint Tenancy (共同租户契约 / 联名拥有)
    This is a term that describes joint ownership of a property by two or more owners, without division of the shares. Upon the death of any joint holder, his interest becomes vested in the survivor(s). Source: HDB - Read More
  • l

  • Legal Requsition (产业调查书)
    Legal Requisition is needed when the Property is sold subject to the Purchaser’s solicitors receiving satisfactory replies to all requisitions sent by them to the various Government Departments; drainage plan and road interpretation plan. If any of the reply or replies or plans are(...) - Read More
  • Lift Upgrading Programme / LUP (建屋与发展局的 ’电梯翻新计划’)
    HDB blocks built before 1990 were not provided with complete lift access, however, under the Lift Upgrading Programme now, older HDB blocks are upgraded to provide direct lift access through the upgrading of existing lifts. New lift shafts and lifts will be provided where technically and(...) - Read More
  • Loan Quantum (贷款额)
    The loan quantum or principal is the amount of money that you borrow. Source: Housing Loan SG - Read More
  • Loan Tenure (贷款期限)
    The period of time that you may take to fully repay your loan. Source: MAS - Read More
  • Loan-to-Value Ratio (贷款额与产业市值的比率)
    The housing loan amount represented as a percentage of the property's value. Thus, a house worth S$1,000,000 with a mortgage loan of S$500,000 would have a LTV of 50%. Based on the latest guidelines imposed by MAS, the maximum LTV limits for borrowers who have one or more outstanding housing(...) - Read More
  • Lock-in Period (贷款合约中’禁止赎回’限制期 / 锁定期)
    The time period during which you will have to pay an early redemption charge (usually expressed as a percentage of the loan quantum) if you repay your loan in full. Banks may also impose a charge for partial payments beyond your monthly instalments within this period. Source: 99.Co - Read More
  • m

  • Maintenance Fees (每月的保养费 / 杂费)
    Maintenance and service charges vary with the residential development. Part of the monthly maintenance contribution will be allocated to a sinking fund, which are funds set aside for periodic repainting, replacement of electrical and mechanical installations and other major repairs and(...) - Read More
  • Maintenance Fees (Building under Construction) (每月的保养费 / 杂费)
    Maintenance Fee As specified under the Sale and Purchase Agreement (S&P), you would need to pay the developer maintenance fee for the maintenance of the common property and limited property of the development starting on: The date the developer delivers vacant possession of the unit to(...) - Read More
  • Management Corporation Strata Title / MCST (分层地契管理委员会)
    MCST, the Management Corporation Strata Title, refers to the managing body of a condominium or any compound which has multiple owners and shared public facilities. MCSTs are usually associated with private residential developments. Source: Property Guru - Read More
  • Manner of Holding ( 股份拥有权方式)
    If there is more than 1 proposed owner, the proposed owners would need to decide on the manner of holding the flat upon the transfer of flat ownership, either through joint tenancy or tenancy-in-common. Source: Singapore Legal Advice - Read More
  • Minimum Occupation Period / MOP HDB (政府租屋的最低居住期限)
    This is the minimum period of time the HDB flat owners must physically occupy their flats before they are eligible to sell their flats in open market. Source: HDB - Read More
  • Mortgage (抵押贷款)
    A home loan or mortgage is defined as a loan in which the borrower puts up the title deed to a property or real estate as collateral for the loan. If the borrower is unable to repay the loan on time, the lender can seize the property and sell it off to pay for the loan. Source: Property Guru - Read More
  • Mukim (马来文 - 指市外分区)
    马来文 - 指市外分区 Every land parcel in Singapore is uniquely identified by a lot number. This identifier has two components, namely the survey districts Mukim (MK) or Town Subdivision (TS) number and the lot number. Source: OneMap - Read More
  • n

  • Negative or Restrictive Covenants (负面契诺 / 约束性契诺)
    A negative covenant, also referred to as a restrictive covenant, is a promise not to do something such as not to build a fence or not to use the property for business purposes Source: Regulations.candh.com.sg - Read More
  • Negative Sale (负销售资产)
    Negative sale is after you sold your HDB flat, the resale price is sufficient to pay off the outstanding HDB or bank loan but not enough to repay fully the CPF refund with accrued interests. In this situation, besides having no cash proceeds from the transaction, you may even require to top up(...) - Read More
  • Negligent Misrepresentation (疏忽的失实陈述)
    Negligent Misrepresentation occurs when a statement made by the Representor honestly believing in its truth (falling outside the scope of fraudulent misrepresentation) but without having reasonable grounds for so believing. Source: Singapore Law Blog - Read More
  • Neighbourhood Renewal Programme / NRP (邻里更新计划)
    The NRP focuses on block and precinct improvements, and is fully funded by the Government. Source: HDB - Read More
  • No-Sale Licence (Developer) (无销售执照)
    房屋发展商所申请的售屋牌照 – 此牌照只让发展商在屋子获得临时入伙证之后才可卖屋 Developers with No-sale Licence can only commence construction but are not allowed to sell any units before Temporary Occupation Permit (TOP) is obtained for the project. A developer with a No-sale Licence will need to apply to the Controller to(...) - Read More
  • Nominee (被提名人 / 代名人 / 指定人)
    1) a person or entity who is requested or named to act for another, such as an agent or trustee. 2) a potential successor to another's rights under a contract. Source: Legal-Dictionary - Read More
  • Non-Citizen Spouse Scheme(HDB) (建屋与发展局组屋申请计划中的‘非公民配偶’申请组别)
    NCS scheme is for Singapore Citizen buyer buying with with a spouse who is neither a Singapore Citizen nor a Singapore Permanent Resident (SPR) Source: HDB - Read More
  • Notary Public (公证人)
    A notary public (or notary or public notary) of the common law is a public officer constituted by law to serve the public in non-contentious matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business. Source: Singapore Legal Advice - Read More
  • Notice of Eviction (驱逐通知书)
    An Eviction Notice is a written letter to either comply with your rental or lease agreement (whether it's verbal or written) or vacate the property. Serving anEviction Notice gives you the option to file an Unlawful Detainer in a court of law against the tenant, if they fail to(...) - Read More
  • Notice of Transfer (转让通知书)
    When any property is sold or transferred, the seller or transferor shall, within one month after the sale or transfer, give notice of the sale or transfer to IRAS. Source: Singapore Legal Advice - Read More
  • Notice of Vacant Possession (空置通知书)
    After Temporary Occupation Permit (TOP) is obtained, owners will be served with the Notice of Vacant Possession through their solicitors, notifying them of the payments in respect to the unit. Vacant Possession of the unit will only be given after payment, by way of cheque or cashier's order,(...) - Read More
  • Notice Period (3 Months Redemption Notice) ( 三个月通知期限)
    Banks require 3 months’ notice for full repayment of the loan. If you refinance with another bank before this 3-month period, be prepared to pay interest-in-lieu on the remaining period! This may be a problem, especially if you consider the interest reset date. Source: iProperty - Read More
  • Notice to Quit (Breaking Lease) (迁出通知书)
    A notice to quit is the notice often referred to as "eviction", given by a landlord to a tenant to leave the premises either by a certain date (usually 30 days) or to pay overdue rent or correct some other default ( pets, damage to premises, too many roommates, using the property for illegal(...) - Read More
  • Novation (租约更替)
    A Novation Agreement is signed by the tenant with the landlord's consent totransfer the lease to another tenant, and no new deposit is paid to the landlord. It is a new agreement used to substitute the Tenancy Agreement of parties without thechange of covenants in the Tenancy(...) - Read More
  • Null and Void (合约无效)
    It means ineffectual; nugatory; having no legal force or binding effect; unable, in law, to support the purpose for which it was intended. which means there is no legal obligation therefore there will be no breach of contract since the contract is null. Source: Asia Law Network - Read More
  • o

  • Offeree (Contact) (接受出价者)
    When it comes to contract law there are two parties—the offeror and the offeree. The offeror is the party who makes the offer. The offeree is the person who either accepts or does not accept the offer. Source: IRBLaw - Read More
  • Offeror (Contract) (出价者)
    When it comes to contract law there are two parties—the offeror and the offeree. The offeror is the party who makes the offer. The offeree is the person who either accepts or does not accept the offer. Source: IRBLaw - Read More
  • Official Assignee (OA) (Bankruptcy) (官方产业管理人)
    The Official Assignee is a public servant and an officer of the Court. The Official Assignee is assisted in her duties by the officers at the Insolvency Office. The High Court can appoint the Official Assignee as the trustee of the bankruptcy estate. Source: Ministry of Law - Read More
  • Option fee (Resale) (认购费 /买屋定金)
    An option fee is a fee that a buyer pays to the owner of a property in order to secure the option to buy that property Source: Singapore Legal Advice - Read More
  • Option to Purchase / OTP (认购权)
    An option to purchase reserves the property excusively for the interested buyer for a short period of time, usually 2 weeks. Source: Singapore Legal Advice - Read More
  • p

  • Per Annum (每年)
    Refers to a unit measurement in property context ie, Mortgage interest rate, penalties chargeable etc. Source: Wiktionary - Read More
  • Periodic Lease / Tenancy (不固定的租约)
    Depending on the term of rent payment by the tenant, this form of tenancy can last from week to week, month to month or year to year. Either the landlord or the tenant party may give notice to terminate the agreement when the contract is nearing its end. Source: Asia Law Network - Read More
  • Planning Permission (土地发展许可证)
    Planning permissionis given by URA for the development and building works including changing the use of premises Source: URA - Read More
  • Plot Ratio (容积率 / 地积比率)
    Defined as the permissible development intensity of a specified land parcel, the plot ratio determines the maximum gross floor area (GFA) of any development on that land parcel. Source: 99.Co - Read More
  • Power of Attorney (授权书 / 授权者)
    A Power of Attorney (POA) is an instrument created by a person who appoints another person to act on his behalf. The creator of the POA is called the donor, while the person appointed to act on the donor’s behalf is called the donee. Source: Singapore Legal Advice - Read More
  • Progressive Payments (Building Under Construction) ( 渐进式付款)
    Progress payment Here is a typical progress payment schedule for a condo unit. Stages Payment 8 weeks from the OTP date 15% Foundation work 10% Reinforced concrete framework 10% Partition walls 5% Roofing 5% Door sub-frames / door frames,(...) - Read More
  • Property-Holding Entities / PHE (有形资产的持有房地产实体)
    A PHE is an entity which has at least 50% (i.e. asset ratio) of its total tangible assets comprising prescribed immovable properties ("PIP") in Singapore. Source: IRAS - Read More
  • Proprietors (业主)
    Refers to Subsidiary Proprietors (i.e. unit owners) of the condo Source: BCA - Read More
  • r

  • Reddendum (租约中提及所有关于租金的条款)
    Reddendum clause refers to the clause in a deed by which the grantor reserves something new to himself or herself out of that which s/ he granted before. Thisclause contains the reservations and exceptions which a grantor wishes to place in the deed. Source: Real SG Estate - Read More
  • Redemption (Mortgage) (赎回)
    When you mortgage your asset to a mortgagee (typically a bank), the ownership of the asset is transferred over to the mortgagee as a form of security for a loan. However, you have a right to redeem this mortgage, which entitles you to call for the re-transfer of your asset when the secured(...) - Read More
  • Refinance (再抵押贷款)
    Refinancing a home loan is an opportunity for homeowners to switch their homeloan to another bank for a lower interest rate. This can help you save money in the long run.Refinancing is usually done when you hit the 4th year of your home loan or after Source: MoneySmart - Read More
  • Refund of Stamp Duty (税务局退回印花税)
    ABSD refund on second residential property. Married couples comprising at least one Singapore citizen sold their first property within 6 months from the date of purchase of their 2ndproperty (for completed property) or the earlier date of TOP/ CSC (for uncompleted property). Source: IRAS - Read More
  • Resale Checklist for Buyer (妥转售核对清单)
    You need to complete and submit the checklist to HDB online via the Resale Checklist for Sellers/ Buyers e-Service at least 7 days before you grant the Option to Purchase to the flat buyer. Source: HDB - Read More
  • Rescind / Rescission (作废 / 取消)
    In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Source: Singapore Legal Advice - Read More
  • Right of Re-Entry (重收 / 重收土地 / 楼房)
    It means that the landlord can obtain possession of the premises either by effecting a peaceable entry by himself, or by process of law through an application to the court. Generally, forfeiture will not be invoked unless the tenant fails to pay up despite being given opportunities to do(...) - Read More
  • s

  • Sale and Purchase Agreement / S&P (买卖合约)
    Sale & Purchase Agreement refers to a private contract between the seller and the buyer for the sale and purchase of a property. Source: URA - Read More
  • Sale Proceeds (售屋收益)
    Final sum of money to be received by the seller on the legal completion day of the property transaction. Source: Dollar And Sense - Read More
  • Share Value (Building under construction) (屋主所持公寓分层地契份额)
    The share value of a unit determines your share in the housing project. This is used to compute your share of contribution for the recurrent maintenance fees and charges for the common property. If you purchase a unit in a strata-titled housing project (includes apartments, condominiums and(...) - Read More
  • SIBOR (新元银行同业拆息率)
    Singapore Interbank Offer Rate (SIBOR) refers to the rate that financial institutions in Singapore lend/borrow unsecured funds to/from each other. This rate is transparent and published daily in The Business Times. Source: Investopedia - Read More
  • Singapore Overnight Rate Average (新元隔夜利率)
    The Singapore Overnight Rate Average or SORA is the weighted average rate of all S$ overnight cash transactions brokered in Singapore between 9am and 6.15pm. Source : MAS - Read More
  • SOR (新元银行同业拆息率)
    Swap Offer Rate (SOR) is SIBOR plus lending costs incurred by the banks. It is as transparent as SIBOR that reflects market conditions. This rate is transparent and published daily in The Business Times. Source: ABS.org.sg - Read More
  • Special and Detailed Control Plans / SDCP (特别控制计划)
    SDCP are development control plans, which include Parks and Waterbodies, Landed Housing Areas, Street Block, Envelop Control, Building Height and Urban Design plans, published by the competent authority. Source: URA - Read More
  • Stamp Duty (印花税)
    Stamp duty is a tax on documents relating to the purchase or lease of a property. It is to be paid by the buyer within 14 days after the date of the document (e.g. Sale & Purchase Agreement, Tenancy Agreement) if the document is signed in Singapore. Source: MOF.gov.sg - Read More
  • t

  • Temporary Occupation Permit (TOP) - Key Collection (临时入伙证 & 收钥匙)
    Only applicable to uncompleted properties. Receipt of TOP means keys can be collected and the property is ready for occupation. Issued by the Commissioner of Building Control that the building can be occupied. Source: BCA - Read More
  • Tenancy Agreement / TA (租约 / 租赁合约)
    A legal agreement / contract stipulating the terms, rental yield and tenure of the rental of a property. Source: Singapore Legal Advice - Read More
  • Tenancy-in-Common (分权共有 / 按权共有)
    Joint holding of a property, where each owner has a distinct share in the property. Shares owned need not be in equal portions. Upon the death of a joint owner, his interest will be disposed of according to his will or under laws of intestacy. Source: 99.Co - Read More
  • Title Search (产业权契约的搜索)
    A search which shows whether a property has any prior encumbrance or lodgement; details of owners; area of the property, and whether the owner has used CPF savings or taken a bank loan. Source: SLA - Read More
  • TOP (Building Under Construction) (临时入伙证)
    TOP Once Temporary Occupation Permit (TOP) is issued and you have paid the progress payment due upon TOP, the developer will inform you of the procedure to collect the key to your unit. After collecting the key, you can inspect your unit, housing project and common property or limited(...) - Read More
  • v

  • Valuation Report / VR (估价报告)
    Valuation Report is a common way of determining the value of aproperty through an opinion or the use of data. Appraisal based on location, amenities, structural condition and recent sales of similar local properties. Source: SRX.com.sg - Read More
  • w

  • Warrant to Act (给于律师的授权书)
    The Warrant to Act is a short clause found at the end of the Letter of Engagement. It serves as evidence of your written consent that the law firm/lawyer in charge of your case or matter has the authority to represent you in any legal proceedings. This clause also has to be signed by(...) - Read More
  • Without Prejudice To / Without Prejudice 在不损害… 的原则下 / 在不影响… 的情况下
    The “without prejudice” principle means statements made in a document marked “without prejudice” or made verbally on a “without prejudice” basis, in a genuine attempt to settle the dispute, will generally not be admissible in court as evidence against the person making the(...) - Read More
  • Writ of Seizure and Sale / WSS (法庭的查封与变卖令)
    A writ of seizure and sale allows a court bailiff to enter the Judgment Debtor's premises, and to seize and sell his movable property. ... If payment is not made, the Judgment Creditor may apply to proceed with an auction sale of the seized items and recover the money from the sale. Source:(...) - Read More
  • Writ of Summons WOS (法庭发出的传票)
    Law on Writ of Summons in Singapore. A writ of summons is a court document used to commence civil proceedings in Singapore. In most cases, the writ is preceded by a letter of demand, which is usually sent on behalf of a claimant by his lawyer. Source: Singapore Legal Advice - Read More
  • z

  • Zoning (用途分区)
    Zoning is the process of dividing land in a municipality into zones (e.g. residential, industrial) in which certain land uses are permitted or prohibited. Source: Singapore Office Spaces - Read More