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 […]

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 […]

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 […]

Introduction Transactions rely on parties having sufficient capacity to deal with the asset in question. This is regardless of whether we are talking about a business, goods, or even real estate. In the case of real estate transactions, there is some guidance available on how to conduct the transaction if the owner has already passed […]

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 […]

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 […]

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 […]

Introduction Complex property disputes often arise from divorce proceedings. In one such case, the Plaintiff and the 2nd Defendant found themselves entangled in a legal battle, fighting over whether a particular property was to be included in the pool of matrimonial assets to be divided. The 1st Defendant, who is the 2nd Defendant’s father, stood […]

Introduction In this month’s article, we look at a case where purchasers of a property (the “Property”) had their deposit forfeited. The purchasers had entered into an agreement to purchase the Property in 2015, which was annulled later due their non-payment. They later entered into a fresh agreement with the vendor in 2018. This later […]

Introduction In this month’s article, we look at a case where real estate was held on trust for a beneficiary who was already 24 years old at the time of inception of the trust (the “Trust”). The Case The Beneficiary was 26 years old when he made the application to invoke the rule under Saunders […]

Introduction  In our Conveyancing article last month, we wrote about the restrictions that applied to foreigners purchasing landed property in Singapore. In this month’s article, we go further to see what would happen to a Singaporean if he/she purchased a landed property on trust for a foreigner in an attempt to circumvent the Residential Property […]

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 […]

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 […]

Introduction When a person is declared bankrupt, his assets vest in the Official Assignee (the “OA”) pursuant to section 327(1)(a) of the Insolvency, Restructuring and Dissolution Act 2018 (the “IRDA”). With regard to real estate, the manner of holding would affect the attributed portion towards the Bankrupt’s estate. For property that was disposed of, the […]

Introduction In this month’s CVY article, we look at a case where family members have entered into an arrangement regarding moneys paid towards the purchase of a property and the manner of holding of the said property, without documentation. The Case: [2022] SGHC(A) 22, an appeal from [2021] SGHC 194 The dispute is over whether […]