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
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
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 If any of the reply or replies or plans are unsatisfactory, then the Option to Purchase may be rescinded at the …
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 economically feasible. Source: HDB
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
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
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 improvements to the development. Source: Value Champion
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 (3) Siblings (4) Grandparents (5) Aunts …
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
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 …
