Singapore Property

The Singapore Court of Appeal, in the case of TQ v TR [2009] SGCA 6, has conclusively decided on the enforceability of foreign prenuptial agreements. In the past, Singapore followed the English rule that prenuptial agreements are generally unenforceable. However, more recent developments, both in England as well as in Singapore, have held this rule is outdated and should give way to a principle that prenuptial agreements may be considered, as part of all the circumstances in a case, in a court's determination of what is just and fair. The Singapore Court of Appeal now holds that it will normally enforce foreign prenuptial agreements. The aforementioned case concerns a prenuptial agreement between a Dutch husband and a Swedish wife that was entered into in the Netherlands. In particular, this agreement was prepared by a Dutch civil law notary in the Netherlands. The agreement provided, amongst other things, that "[t]here shall be no community of matrimonial assets whatsoever...

For Singapore, it is not difficult to identify the terms used in real estate transactions. All of the terms reflect a widespread use of English in the realm of communicating and this singular usage has resulted in a highly developed real estate lingo which has brought together the four main racial groups into a harmonious whole. This is reflected in the dynamism of the city state's real estate landscape. The professionals of real estate In Singapore, professional names and terms are accorded their proper place in real estate transactions. In regards to realty terms used, there is no doubt that ethnic groups do have their own terms in their own different languages, but these have largely failed in establishing a niche so as to become part of the real estate parlance. The use of English terms in the real estate environment is predominant. Property Types Semi-detached - 2 houses that share a common wall, but keep separate gardens. Linked house - 1 of 2 landed houses joined to the o...

What are the housing options of foreigners in Singapore? It is not easy to be a foreigner wanting to buy a home without any knowledge of Singapore's law about housing loan. The UOB offers a home loan to foreigners who wish to purchase a residential property with a maximum repayment period of 35 years or 75 years of loan tenor. Foreigners may enjoy the fixed rate, floating rate, or the pegged SIBOR packages. The UOB allows a combination of any two of the packages. Bank loans Foreigners may apply for a secured loan from a Singaporean bank of up to a maximum of 70 to 80% of the valuation/ purchased price. Singaporean law on foreign ownership The foreign ownership in Singapore is governed by the Residential Property Act (RPA). It was imposed by the government in 1973. It allows foreign talents such as the permanent residents and foreign companies to purchase properties. In addition, the RPA allows foreigners to purchase apartments without any prior approval when buying apartments in...

We all know that buying a property anywhere in this world is not easy. You need to check the sale if it is legitimate by getting exclusive information from the real estate agent and the neighborhood, which includes the detailed transaction procedure, and property taxes. It is crucial to be connected with a competent and knowledgeable real estate agent. He could act as your representative and smartly negotiate the price of your dream property. He could also act as your consultant should you require legal and financial advice related to the property's purchase and mortgage application. After the agent would be able to identify and shortlist some properties for your approval, you will be expected to make short trips. The trips are to make sure you are satisfied with the interior and exterior designs of the house including the fixtures of the property before deciding to buy. Property investments are long-term so you need to make sure you would be happy before agreeing to the selling...

A resale property is one that has been used before appearing in the market. One of the main advantages of buying a resale property is that the property tends to be much cheaper compared to another property. There is also reduced risk of buying this type of property. Do you think this is the right investment for you? Here are some of the things that you should consider before making the purchase: Registration of the Property How is the property registered? Before you part with your money you need to ensure that the house is registered property. As rule of thumb you should ensure that it's registered under the vendor's name. While you can do the research by yourself, it's wise that you hire a lawyer to do the work for you. In addition to the lawyer doing the work professionally, he/she will also do it within a very short time. Compliance with the Law In addition to doing your research in order to determine if the property is properly registered, you also need to do your re...