We wonder how excited you’ll be when we tell you that the professional fees for engaging an agent are DEDUCTIBLE for your subsequent tenancies. As you’re sitting there in front of your computer, reading this page with your hand on your mouse, your curiosity increases and you are wondering this will affect you when you engage our professional services.
Two new rules have been rolled out in an attempt to curb speculation in the private property market and stabilize prices.
- Lending institutions can lend only up to 80% of the value of the property
- Stamp duty of 3% will be levied on those who sell the property within a year of buying it
I’m sure that on a stone tablet somewhere there’s etched a commandment that states that “Thou Shall Not Mention The Word ‘Tax’ on a Sunday’. From the fact that even our favourite Merlion is prone to lightning strikes, it’ll be wise not to tempt the fates too much and keep this post short. And speaking of Merlions, have you heard the one where one of our beauty contestants thought it went extinct in 1965? Why do they make it so easy??
*Note: This post is now sticky! Check below for updates!
Singapore was ranked 23 out of 144 countries in the Global Peace Index (GPI). Achieving a score of 1.533 out of 5 (the lower the score, the more peaceful the country), this year’s showing is 6 places higher than in 2008. It is the second most peaceful country in Asia, preceded only by Japan. New Zealand, Denmark and Norway form the three most peaceful countries in the world. Conducted by the Economist Intelligence Unit, this is the third edition of the GPI – a study that ranks countries around the world according to their peacefulness and the drivers that create and sustain their peace.
I realized soon after writing a post about how much you can expect to pay for your initial HDB rental payments and the new HDB registration law, I should actually go into the rental procedure itself. Well, it looks like I finally got round to it! It’s not a complicated procedure, and I’m sure you’ll be able to wrap your arms around it in no time.
Let’s start with the things you’ll have to bring along:
- Photocopied passport
- Photocopied employment pass
- Good faith deposit of one month rental