FAQs for the Homeowners

Why are the initial redemption statement so high when I do a refinancing? why’s there late penalty?

The curious case of late penalties for refinancing. This client did a refinancing, so after the law firm served the...

Can I get back my ABSD if I sell my second property instead of my first property?

An agent asked me this question: A HDB client who bought their condo a few years back wished to get...

Is it a standard procedure to serve a 3 months notice to the bank? Can it be shorter?

So you decides to redeem your property, you went to the bank, and the banker tells you that they need...

Why do I only get back a black and white copy of my title deed after redeeming my bank loan for myproperty?

So you slog and toll, saving up all your monies in the bank/under your bed in a Milo tin can...

What is a Sales and Purchase Agreement?

A Sales and Purchase agreement is an agreement between a buyer and seller of real estate property. It’s one step...

Can new launch condo (BUC) be assignable?

Some agents ask what happens if a client changes his mind after getting the option  to purchase, but have not...

What is a Option to Purchase (Building Under Construction)

What is a Option to Purchase? What do I have to do if I want to exercise my option? what...

What documents does CPF need in order to disburse your funds to pay for stamp duties?

The question that PropertyWiki got asked today is “What are the things CPF need exactly in order to disburse funds...

I am buying a new condo, but I have yet to decide on a bank loan. Can I still use my CPF to pay for the stamp duties.

An agent asked me for advice for his client.  So basically his client purchased a new condo and was due to exercise his sales...

Why cant I use CPF to pay for Stamp duties for completed property?

The question we got today that is relatively frequent is “Why is it that CPF can be used for stamp duty...

How do I calculate buyer stamp duty?

Today we received a query, that is relatively common especially from expats and new Singapore PRs.  Imagine this – You wish...

What to look out for when signing the bank’s offer letter (part 1 of 3)

What is TL,DR and WOT? Its the bank letter of offer! The loan contract that everyone got to sign at...

Is there any difference in the term ABSD refund and ABSD remission?

The question posed by fellow property agent specialist was basically – ABSD remission and ABSD refunds, are they the same? 

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What happens if I lost my title deed?

Everyone knows title deed is the most important piece of  paper they will own in life, its the same as...

Changes in new CPF ruling

So this week, we encountered a question by a fellow banker who was representing her client, for a new launched condo...

Will creditors go after all proceeds if only one of the owner is bankrupt?

This week, we touch on bankruptcy matters, whereby this involves two homeowners, with one being sued by creditors on the...

FAQs for the Property Specialists