Publications

15 Results

Option Holder’s Rights And Remedies: Analyzing Penalty Claims And Refunds In Extended OTP Agreements

Introduction In real estate transactions, agreements like the Option to Purchase (OTP) are critical in defining the rights and obligations of both buyers and sellers. Such agreements typically outline essential terms, including price, timelines, and conditions for payment, providing a framework for a smooth and transparent transaction. However, disputes can arise when the contract’s language […]

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What Is A Caveat And Why Is It Lodged Against My Property?

Introduction With regards to land, Singapore utilizes the Torrens land registration system. This system is built upon two main components: the land register, which provides a definitive record of land ownership, and the caveat mechanism, which safeguard interests that cannot be immediately registered. The caveat system serves as a protective measure for interests in land […]

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Code Of Conduct For Leasing Of Retail Premises In Singapore

Introduction Introduced in 2021, the Code of Conduct for Leasing of Retail Premises (the “Code of Conduct”) in Singapore represents a significant development in the commercial real estate landscape of the city-state. This initiative aims to create a balanced, fair, and transparent leasing environment for both landlords and tenants of a qualifying lease. By establishing […]

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Navigating Later Life: ABSD Concession for Single Singapore Citizen (SC) Seniors

Introduction In Singapore, where housing affordability is a significant concern, the government has implemented various measures to support its citizens in securing suitable accommodation. One such initiative is the Additional Buyer’s Stamp Duty (ABSD) concession tailored for single Singapore Citizen (SC) seniors (“the ABSD Concession”). ABSD The Additional Buyer’s Stamp Duty (ABSD) is a tax […]

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Residential Property Tax 2025

Introduction Deputy Prime Minister and Finance Minister Lawrence Wong had announced on 16 February 2024, as part of the Budget statement, some revisions to the property tax payable by homeowners to help with the rising costs of living. Commencing on 1 January 2025, the annual value bands for the computation of property tax will be […]

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A Look At The Tax Treatment In Singapore For Properties Held In Trust

Introduction As the amount of Additional Buyer’ Stamp Duty is increased as part of the cooling measures to control the prices in the property market, we have seen an increase in property purchases utilising trust structures. In this month’s conveyancing article, we explore the implications of property tax and Seller’s Stamp Duty on residential real […]

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Court Orders MCST To Approve Renovations

Introduction In the legal dispute of [2022] SGHC 280, the unit owner (referred to as the “Owner”) had undertaken extensive renovations involving the removal of balcony sliding doors, installation of aluminium frame glass windows, and replacement of an air-conditioner condenser on the external wall of the building (collectively referred to as the “Works”). The Management […]

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Residential Property Tax In 2024

Introduction As part of the 2-step increase in residential property tax in Singapore announced in the Singapore Budget 2022, residential property tax rates would be increased again commencing 1 January 2024. Property tax is calculated on a progressive scale. We set out below the residential property tax rate for owner occupied properties and non-owner-occupied properties […]

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Can A Foreigner Benefit From A Landed Property Under A Trust?

Introduction In this month’s newsletter, we take a look at the case of [2022] SGHC 195 wherein a Permanent Resident-turned-Singaporean tried to lay claim to a share of the landed property purchased by her husband who was later declared bankrupt. Facts  A businessman was made bankrupt on 2017. Among his assets, there was a landed […]

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Latest BSD & ABSD Rates

Introduction With the world recovering from the effects of COVID-19, and the re-opening of borders around the world, the increase in international travel has led to an influx in investments in Singapore. The most prominent being in the property market in Singapore. On 14 February 2023, the Singapore Government announced an increase in the Buyer’s […]

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