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Mar 26, 2021 · In Singapore, property buyers require the services of a conveyancing lawyer to execute the legal processes of private property transactions. The legal fees, also known as conveyancing fees, typically range from $2,500 to $5,000 and can be broken down into the following:
Find Singapore property price trends with SRX Singapore Property Index (SPI) Chart. SPI chart tracks the general movement of prices based on different classes of properties in Singapore.
A service which enables you to view the information for the private properties and/or the HDB properties with digitised records registered in your name. You will also be able to download for free the title documents and the plans for your properties.
- Give Your Home A Touchup and Make It Attractive For Sale
- List Your Property on Various Marketplace Platform and Market Them For Sale
- Allow Viewings of Your Property
- Negotiate on The Price
- Engage A Conveyancing Lawyer
- Issue The Option to Purchase
- Wait For The Buyer to Exercise The Option to Purchase
- Pay Stamp Duty If You Sell Before Occupying Your Condominium For 3 Years
- Complete The Sale and Prepare to Move Out
In order to ensure that your home will be appealing to potential buyers, the physical features of your home is the first thing that they will look at. As such, you have to touch up your home to ensure that buyers will take interest in purchasing your property. If you will continue to live in your property until someone buys it, you can start by hav...
The next course of action you should take is to put your property on the market. With the use of the trusty internet, you are now able to publicise the sale of your property very easily and conveniently. Property market platforms include PropertyGuru as well as Carousell. Also, you should try to put them up on various marketplace platforms, to wide...
When potential buyers are able to experience the home firsthand, they are more likely to agree to purchasing the place. As such, you should allow for viewings of your property. Within your listing, you should include a mode of communication such as your mobile number or an email, so potential clients may book an appointment to view the house. Ensur...
More often than not, the clients will attempt to negotiate on the price of the house. As such, you will have to be prepared in your responses. If you have never been in a negotiation before, you should spend some time considering the prices you are willing to accept. If you have a difficult time in saying no to people, you should practise rejecting...
The act of conveyancing is the legal process of transferring a property from one owner to another, and as a seller, you will have to hire a conveyancing lawyer to oversee this process for you. The lawyer will engage with the lawyer of your buyer for the option to purchase (OTP) or sale and purchase agreement will begin. If you are selling a HDB fla...
The OTP will be issued to a potential buyer, and upon their receiving it, he or she must exercise it by the deadline, normally about 14 days, in order to enter into a contract for sale with you. To ensure that the buyer remains interested in the purchase of the property, you should secure an option fee which is essentially a payment in exchange for...
On the buyer’s end, they should exercise the option to purchase by returning the signed document to your lawyer along with the option fee before the deadline of 14 days. Once this process is completed, you will be officially selling your property. In the event that the buyer does not exercise the option to purchase, you are entitled to keep the opt...
You will be liable to pay a Seller’s Stamp Duty (SSD) which is equal to 4, 8 or 12% of the final selling price of your property if you sell your condominium within 3 years of ownership. Specifically, the SSD is at 12% if you sell within the first year of ownership, 8% within the second year, and 4% within the third year. As such, you should conside...
From here on out, your lawyer should be settling most of the paperwork and the transaction for you. Your role will simply be signing some papers to finalise the sale of your property. They will also inform you of the final sales date, and the day that you will hand over the keys to the new owner. You should also begin to prepare moving out as that ...
Browse 7,007 results of private property for sale in Singapore, including bungalows, detached houses, semi-detached houses and more. Find your dream home with features like private lift, pool, berth and freehold tenure.
Buying Private Residential Properties. Share: Things buyers should check or do before and after purchasing private residential property. On this page: 1. Before the Transfer of Property. 2. After the Transfer of Property. 1. Before the Transfer of Property.
