Wednesday, 5 April 2017

Answers that you need to know to be Professional Singapore Real Estate Consultant

[vc_row][vc_column][vc_single_image image="9230" img_size="full"][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Builidng under construction (BUC) – at which point will IRAS consider as SOLD" el_id="1450425164033-53235359-3d1d"]S&P Exercise whereby legal contract between developer and buyer.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="BUC- when is stamp duty payable? Can you pay using cpf?" el_id="1450426235383-f64a47d0-ff22"]BUC Timeline

Within 14 days and is able to utilise CPF[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=" If your buyer buys a second property, how much cash must buyer have? (Assuming with Loan)" el_id="1450426526340-8dd3be39-7982"]25% Cash / 25 % CPF

For third property, 25% Cash/35% CPF[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="If your buyer wants to add another name to BUC property after option is issued, is it allowed?" el_id="1450428543198-e7c73bcb-72fe"]No[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Assuming that option was issued under BUC on 5 April 2017, and SNP was sent to your buyer on the 15th April 2017, when is the last day your buyer must sign the SNP?" el_id="1450428945899-92e087b5-f62e"]Within 3 weeks[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Resale property- at which point will IRAS consider SOLD?" el_id="1450429361272-2ecfcf42-273c"]Image 2Exercise option[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="How do you enable your buyers to change name or add name to the resale property?" el_id="1450429598301-5ae35604-26b9"]Add “add/or nominees”[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="How do you help your buyers who want more time to sell their own properties, assuming they buy resale property?" el_id="1450430042080-09e8d52a-16c5"]Extend Option with maybe higher option fee like 3%[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="If a PR buys a landed property without LDAU approval, what will happen to the contract?" el_id="1491368991761-0c69fdb9-b43c"]Not Valid (Consider Illegal Contract)[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Can PR buy GCB with LDAU approval?" el_id="1491369052030-b37c21ff-292e"]PR cannot buy GCB (1400sqm and in Good Class Bungalow Area) even with LDAU.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Private properties sellers intend to buy resale HDB. They had not taken any HDB grant before and first time buying HDB. Are they eligible for any HDB Grant?" el_id="1491369082107-745b2446-850f"]No unless waited for 30months later than will be eligible for Grant (Even for Resale HDB)[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="You are selling HDB Property and your sellers intend to buy a BUC from you, at which point should you advise them to take the option of the BUC assuming the option exercised date for the HDB is 15th April 2017 and completion date is 1 August 2017?" el_id="1491369117360-dc3e8bc8-26c0"]Technically 16th April but practically after 1st Appointment – After resale approval out)[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="If both PRs sellers who own HDB flat more than MOP and wants to buy a resale property, can they buy?" el_id="1491369180384-57fe7711-f1b0"]Yes[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Can PRS keep the HDB and rent after they brought the private property?" el_id="1491369212931-28d9c464-0c26"]No[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="You have sold your sellers property A and help him buy a resale property B. He wants to move into the property B before the completion of property A, what is your solution" el_id="1491369243940-db7efa5b-8b51"]If no need loan (Cash Rich), no problem at all.

Alternatively, bridging Loan

Image 3[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Can HDB owners before MOP buy industrial and commercial properties?" el_id="1491369314308-2a89814f-b83c"]Yes[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Name the circumstances that you should propose decoupling to your owners?" el_id="1491369412766-05ca715b-2e69"]Qns 1) – Under Whose Name would you be buying

Qns 2) – Any ABSD ?

Qns 3) – Would you like me to share with you on decoupling and see whether you would like to take up the option?[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="For decoupling, must the property be fully paid?" el_id="1491369444827-f8e74bea-a227"]No[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="Assuming that the property valuation is $2m, please advise the stamp duty payable for this decoupling (First property/clear SSD)?" el_id="1491369489188-c7c5f0a0-0326"]$24,600 (3% of $1m - $5400)[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title="At what point is your seller free to buy another property from you assuming he is decoupling? Let’s say today he saw a property from you that he wants to buy, and he decouple, when should you issue options?" el_id="1491369519084-8b159e6e-a98b"]Issue today. Decoupling usually took only 1 day[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_message message_box_color="pink"]Disclaimer: PropertyFactSheet does not guarantee the accuracy, timeliness or reliability of the information and pictures within the site. PropertyFactSheet shall not be responsible for any liability arising from reliance of any information or use of this site for dealings with any third party. Indicatives shown are subjected to change at any time.[/vc_message][/vc_column][/vc_row]

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