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  • TehJarVu's Avatar
    116,279 posts since Dec '03
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • Real estate in land-starved Singapore attracts buyers from across the world. The country is known for its political stability and is a favoured location for a host of multinational companies. Although property prices have been in decline for almost four years, flats in prime locations sell at rates that compare with those in the capital cities of the west.

      Over three-quarters of Singapore’s population of 5.6 million lives in government flats developed by the Housing and Development Board. Even though these have been developed to provide Singaporeans with an affordable option, they can be expensive. A four or five-bedroom HDB resale flat in a prime location can set you back by S$1 million or more.

      But HDB properties are not for sale to expats. Foreigners are permitted to buy flats, which are also known as non-landed properties, in private developments. If they want to buy a standalone unit, which Singaporeans refer to as a landed property, they need government permission.

      Sentosa, a new development off the coast of Singapore, has attracted a large amount of investment. Its upmarket residential areas are a big draw for overseas buyers as they do not need government permission to buy landed properties here. Flats here can cost upwards of S$4 million, while the asking price for luxurious standalone residences can be ten times as much.

      In addition to paying the seller, a purchaser also needs to contend with several types of government duties as well as other costs. Here is a listing of the expenses connected with buying real estate in Singapore.

       

      Buyer’s stamp duty

      The government levies a buyer’s stamp duty ranging from 1% to 3% of the property value.

      What if the seller provides a cash discount on the property? This practice is followed by developers as an incentive to buyers. If the cash discount is given immediately, BSD will be calculated on the purchase price as reduced by the discount. However, if a non-cash discount is offered, it cannot be deducted from the purchase price.

      What is a non-cash discount? This could be a benefit in the form of a furniture voucher or a chance to participate in a lucky draw.

      BSD is payable to the Inland Revenue Authority of Singapore. Here is how it is calculated.

       

      View photos

      Source: Inland Revenue Authority of Singapore

       

      At what stage of the purchase transaction is BSD to be paid? If you have entered into an option to purchase (OTP), then you must pay BSD within 14 days of exercising the OTP. In any event, it must be paid prior to the signing of the sale and purchase agreement.

       

      Additional Buyer’s Stamp Duty

      Duty rates under this category can range from nil to 15% on the market value of the property. Additional buyer’s stamp duty (ABSD) can vary based on the residency status of the buyer.

      Singapore citizens pay the lowest rates of ABSD. Permanent residents are in the next category, while foreigners are liable for the highest rates.

      Your ABSD rate can also vary if you purchase multiple properties. For example, a Singapore citizen’s first residential property does not attract any ABSD at all. The second residential property that a Singapore citizen buys attracts 7% ABSD, while the rate for third and subsequent properties is 10%.

      Here is a summary of the ABSD rates payable.

       

      Type of buyer

      ABSD rate as a percentage of the market value of the property

      Singapore citizen buying first residential property

      Nil

      Singapore citizen buying second residential property

      7%

      Singapore citizen buying third and subsequent residential property

      10%

      Singapore permanent resident buying first residential property

      5%

      Singapore permanent resident buying second and subsequent residential property

      10%

      Rate for foreigners

      15%

       

      Singapore’s citizens are required to pay ABSD only if they buy a second property. For their third property, they pay an enhanced rate. How is the number of properties calculated?

      Say, a Singapore citizen owns a flat jointly with his wife. Let us assume that he also owns a 20% share in another property. For the purpose of calculation of ABSD, this will count as two properties even though the ownership is partial.

       

      Seller’s stamp duty

      As its name implies, seller’s stamp duty (SSD) is payable by the seller and not the buyer. Strictly speaking, it is not a buying cost at all. However, it impacts buyers for two reasons.

      • A higher SSD will discourage sales. The sellers will regard this as a cost of sale and try and recover it from the buyer.
      • A buyer who is making a purchase for investment purposes will need to take SSD into account when making a decision.

      What are SSD rates? A residential property that is sold more than three years after it was purchased does not attract SSD. Sales that are made within a three-year period attract SSD at rates that range from 4% to 12% of the property’s market value.

      The highest rates are reserved for sales made within one year (12%), while sales in a one to two year period attract a lower rate (8%) and sales in the two to three-year period attract the lowest rate (4%).

      The government recently reduced SSD rates in an effort to boost the property market. Till March 11, 2017, a seller was required to hold on to a property for at least four years to avoid paying SSD. The current minimum holding period if you want to avoid paying SSD is three years.

       

      Legal fees and mortgage duty

      There are two other costs that a property buyer has to bear. You will need to pay legal fees to verify the ownership and other details of the property that you intend to buy. In the normal course, the bank that is financing your purchase will specify the lawyer to be retained for this service. Fees can amount to about S$3,000.

      The mortgage document prepared by the bank that is making the housing loan will attract a mortgage duty of 0.4% of the loan amount. By signing this document, you are transferring the interest in the property to your lender to secure repayment. Mortgage duty is capped at S$500.

       

      Total costs can add up to a substantial sum

      Property prices in Singapore are among the highest in the world. Government levies can increase the amount that you have to pay by as much as 18% for foreigners (BSD of 3% + ABSD of 15%). Citizens and permanent residents will pay slightly less.  It is important to factor this component into your calculations.

      If you are buying real estate with the intention of selling it at a profit when prices rise, you need to build in the SSD component as well. You also need to consider other costs like the fees payable to a property agent.

      In view of the large financial outlay involved, a decision to buy real estate cannot be taken lightly, especially as Singapore’s residential property market has been in decline for several years.

       

      yahoo

  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • Gong Cha Singapore to be rebranded to LiHO, all 80 outlets to be renamed by June 5

       

      Fans of the popular bubble tea franchise Gong Cha will be in for a surprise this week. That’s because Gong Cha will be rebranded to LiHO (哩喝), which roughly translates to “How are you?”in Hokkien.

      According to a Straits Times interview with RTG Holdings General Manager Mr Rodney Tang, Gong Cha Singapore’s agreement had expired in 2016 and the new arrangement with the Taiwanese partners was more restrictive which lead to the decision to build LiHO from scratch.

      This means LiHO has to seek new suppliers for its tea and ingredients, although Mr Tang says LiHO teas will be similar, if not better, than Gong Cha’s recipe. The company will also be introducing new drinks such as cheese tea and smoothies soon.

      A quick search for Gong Cha Singapore Facebook page resulted in a broken link on the social media site and a new LiHO Singapore Facebook page has already been created a week ago.

       

  • mavislee's Avatar
    12 posts since May '17
    • @Anyhoow hey thanks for the reply. Any idea roughly when will the email come should the rejection takes place?

  • Katyciara's Avatar
    1 post since May '17
  • carbikebus's Avatar
    18,769 posts since Nov '03
    • Originally posted by SG5064X:

      Should be 5801K or 5803E.Last Saturday,both A95 are on 67

      Think so...

  • carbikebus's Avatar
    18,769 posts since Nov '03
    • Originally posted by TIB 585L:

      300 i think 1 or 2 A24 enough same for 301. 302 already its shares already. 307?

      300:2 A24

      301:3 A24

      302:Use DD

      920/922:3 A24 crossovers 

  • TIB 585L's Avatar
    8,900 posts since Apr '11
  • carbikebus's Avatar
    18,769 posts since Nov '03
    • Amdep:7 units A24 solely for 858.

      Kjdep:13 units for 300 & 301.302 can use SD/DD.

      Wldep:20 units for feeders.903/911/912/913 all DD/SD

  • SG5064X's Avatar
    116 posts since Dec '16
    • KJDEP needs A24 too!

      Svc 983:

      SG1732C SG1748H SMB1574P SMB1575L SMB3117M SMB3128G SMB3131X SMB3138C

      8 MAN NL323F (8 Batch 3)

      SMB3601G

      1 Alexander Dennis Enviro500 (1 Batch 1)

      SG5063Z SG5064X SG5065T SG5120S

      4 Volvo B9TL (4 WEG2 Batch 4)

      Svc 67:

      SG5801K

      >>KJDEP 67

      Edited by SG5064X 29 May `17, 5:40PM
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • my package went from msia to singapore to msia to germany then to singapore (from DHL tracking)

      wtf?

  • SG5064X's Avatar
    116 posts since Dec '16
    • Originally posted by carbikebus:

      Suspect one B3 A95 perm 67,Almost every weekday morning can see at Tampines 

      Should be 5801K or 5803E.Last Saturday,both A95 are on 67

  • helentrump's Avatar
    1 post since May '17
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
  • AmActuallyFoxe's Avatar
    1 post since May '17
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • Terms & Conditions:

      1. Offer is only valid on 30th May 2017, whole day
      2. Offer is only valid at all stores
      3. Drinks applicable to all drinks and sizes
      4. Free drink must be of the same flavour and size as purchased drink

      Find your nearest J.CO Donuts & Coffee outlet here

  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • Congrats on your baby boy... and here's a letter on his NS duty

       

      It may be another 18 years before their sons become soldiers, but parents of newborn boys are getting an early reminder from the Government about the importance of national service.

      Along with the baby's birth certificate when they register the birth, parents now receive a letter from the Ministry of Defence (Mindef).

      The letter touches on NS policies, such as applying for exit permits and deferment for full-time studies. It also states that the Government may withhold an individual's renunciation of citizenship if his NS liabilities are not fulfilled.

      The Sunday Times understands that Mindef started giving out the letters early this year.

      Mindef said that the new initiative was "implemented in response to feedback from some parents that enlistment information would be useful to them when their children were very young".

      It is an "additional touch point" to parents, on top of the letters which the ministry sends out when their sons turn 13 and 16 ½.

      The first, at age 13, is to inform the family that an exit permit is required if their son travels overseas for three months or more, and the second, to register for NS.

      "As part of Mindef's ongoing engagement efforts to enhance awareness and understanding of NS commitments, we reach out to parents and pre-enlistees at various touch points to provide information on NS policies," a spokesman said.

      Not all parents think that the letter at birth is necessary. Operations manager J.Y. Lim, 30, whose son was born last month, said: "It's kind of too early to inform us about NS, since the baby is just born, but I believe Mindef has its reasons."

      Teacher Lim Lee Choon, 32, who also had a baby boy last month, felt the letter was informative. While she knew that every male Singaporean would need to serve NS, she "never knew that implications come on from as early as when they are 13", until she read the letter.

      IT manager Andy Lee, 43, who has three sons aged 10, 12 and 14, said: "Some parents may find it a turn-off to be informed of their son's NS liability at such a young age.

      "Still, I think there's no harm done. Some parents may have been thinking of relocating overseas with their children at an early age to help them avoid NS."

      The issue of NS evasion was cast in the spotlight last month, when the High Court imposed harsher sentences for three NS defaulters, allowing the prosecution's appeal for a tougher punishment.

      Among them was Ang Lee Thye, 43, who evaded NS for 231/2 years, and was jailed for two years and nine months - up from the initial sentence of two years.

      Lawyer Laurence Goh, who has acted for NS defaulters, said the letter can help clear misconceptions.

      "There are many who moved overseas at a young age and lived there for a long time. Maybe they got married with children and hold another country's citizenship," he said.

      "But as long as they have not fulfilled their NS obligations, they can't renounce the Singapore citizenship." With the letter, parents cannot claim ignorance as an excuse, he added.

      "They have to be fair to their children to ensure that they do not get into unnecessary trouble with the law," said Mr Goh.

      MP Cedric Foo, a member of the Government Parliamentary Committee for Defence, said: "I see the letter at birth as a good reminder to parents about their sons' NS duties and key milestone dates...

      "More information cannot be bad. Is it premature? I think not. It actually obviates the need for parents to do research on NS."

      A version of this article appeared in the print edition of The Sunday Times on May 28, 2017, with the headline 'Congrats on your baby boy... and here's a letter on his NS duty
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
  • Rekhasharma34577's Avatar
    1 post since May '17
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    262,416 posts since Dec '99
    • just now super warm

      sweat flowing down my neck into my longkang so s3xily

       

       

      now hong long long............ bi is coming 

  • Moderator
    H2 Chemistry @ BedokFunland JC (near VJC & TJC)
    UltimaOnline's Avatar
    11,853 posts since May '05
  • Roann Teo's Avatar
    10 posts since May '17
  • Moderator
    H2 Chemistry @ BedokFunland JC (near VJC & TJC)
    UltimaOnline's Avatar
    11,853 posts since May '05
    • It seems that in the Iraq war a decade ago, the American and British soldiers lost quite a number of their men in battle. The Australians (whose postings and missions somehow kept them out of harm’s way) lost none, resulting in the American and British soldiers branding the Australian soldiers as cowards. Let’s not go into what the American and British soldiers think of Singapore soldiers.

  • Roann Teo's Avatar
    10 posts since May '17