Purchasing

1. What is a bridging loan and how does it work?

There may be a gap between the time you have to pay the down payment for your new property and the time you receive the proceeds from the sale of your previous property.

A bridging loan is a short-term loan (up to 6 months) that you can get from the bank to "bridge" this gap. The amount is limited by the net proceeds and CPF balances from the approved sale of your old property.

The Interest rate is 6% per annum, chargeable on a pro-rata basis. For instance, for every $100k bridging loan, the interest chargeable is $500.

To be eligible for this loan, you will have to have already sold your existing property.

2. What should I look out for when refinancing or repricing a property loan?

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3. What is the maximum loan for a second property?

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4. Can foreigners or singaporeans working outside singapore take a loan?

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5. Do buyers pay commission?

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6. Are there hidden costs involved in buying a property?

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Selling

1. What are the things that I can do to increase the value of my property before a sale?

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2. How do I find out the indicative value of my property?

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Decoupling

Have you ever found yourself wondering about the different options available when buying or selling a home to minimize stamp duty? Decoupling is just one such solution that you could potentially consider – and as your number one friendly expert, I’m on hand to help with this!

1. What is Decoupling?

Decoupling is a professional process whereby a property that’s in joint ownership has one of the joint owners’ names removed. This allows the removed party to proceed to purchase additional properties without incurring further stamp duties as the buyer – significantly reducing the amount of tax paid on a property purchase.

There are numerous different scenarios that can influence whether decoupling is a suitable process for your needs. Accordingly, make sure you contact me today so I can advise on whether this is the right strategy for your own house buying or house selling needs.

2. How Long is the Decoupling Process?

Decoupling is a relatively quick process, but you’ll need to allow around 6 to 8 weeks for the entire change to be fully realized.

The cost of legal fees will vary for a decoupling case; however, if you choose a cost-effective law firm, you’ll usually be looking at around $6000 in fees.

4. When Can I Commit to a New Purchase Without Implication by ABSD?

Once you have signed the necessary S&P documentation, which usually occurs at your first law firm visit, you’ll be able to commit to a new purchase without ABSD implications. As such, if you need to commit quickly, it’s advisable to contact your local advisors as soon as possible to ensure that everything’s ready and in place for you to sign.

However, don’t rush into a decoupling agreement. You’ll need to fully understand the process before you take this huge step since decoupling is such a massive change for many people, and it may not always be right for everyone.

5. Contact Me to Find Out More

If you’d like to find out more about the decoupling process and how it works, or how it might be valuable for your scenario, please feel free to contact me today!

Investing

1. How do I spot a good investment property? What should I look out for?

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2. How long should I hold on to an investment property?

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3. Is it worth paying Additional Buyer's Stamp Duty for an investment property?

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