Kenn Chin

Kenn Chin Kenn Chin - Singapore Based Licensed Real Estate Salesperson - CEA Reg No. R047246A Find Kenn Chin http://kennchin.com & http://penthouse.sg

HDB UpdateHDB just announced the introduction of a new HDB Flat Eligibility (HFE) letter from 9 May 2023, to provide fla...
28/04/2023

HDB Update

HDB just announced the introduction of a new HDB Flat Eligibility (HFE) letter from 9 May 2023, to provide flat buyers with a holistic understanding and assessment of their housing and financing options before they commence their home buying journey. The HFE letter will inform flat buyers upfront of their eligibility for a new or resale flat purchase, CPF housing grants, and HDB housing loan, including the respective grant and loan amounts. It will replace the current HDB Loan Eligibility (HLE) letter, and the Intent to Buy (ITB) for resale flat buyers.

Latest update on ABSD(Additional Buyer Stamp Duty) as of midnight 27 April 2023.1. Raise ABSD rate from 17% to 20% for S...
26/04/2023

Latest update on ABSD(Additional Buyer Stamp Duty) as of midnight 27 April 2023.

1. Raise ABSD rate from 17% to 20% for Singapore Citizens (SCs) purchasing their 2nd residential property;

2. Raise ABSD rate from 25% to 30% for SCs purchasing their 3rd and subsequent residential property, and Singapore Permanent Residents (SPRs) purchasing their 2nd residential property;

3. Raise ABSD rate from 30% to 35% for SPRs purchasing their 3rd and subsequent residential property;

4. Raise ABSD rate from 30% to 60% for foreigners purchasing any residential property; and

5. Raise ABSD rate from 35% to 65% for entities or trusts purchasing any residential property, except for housing developers.

😞 😰

The rise of property staging. Property staging services involve preparing and presenting a property for sale in the most...
26/04/2023

The rise of property staging. Property staging services involve preparing and presenting a property for sale in the most appealing way possible to potential buyers. This can include rearranging furniture, adding or removing decor, and making other changes to improve the overall look and feel of the property.

The goal of property staging is to create an inviting and attractive environment that helps potential buyers envision themselves living in the space. This can lead to faster sales and higher prices, as buyers are more likely to be drawn to a property that has been professionally staged.

Property staging services can range from simply providing advice on how to best present a property to full-service staging, where a professional stager will come in and make all of the necessary changes to the property. Some property staging companies also offer virtual staging services, where they use digital technology to create a realistic, staged version of the property that can be used in marketing materials.

In Singapore, property staging services are becoming increasingly popular as property sellers look for ways to stand out in a competitive market. By investing in professional staging, sellers can increase the appeal of their property and potentially achieve a faster sale at a higher price.

24/04/2023

Foreigners buying residential property in Singapore are generally not exempt from paying the Additional Buyer's Stamp Duty (ABSD). The ABSD rate for foreigners buying any residential property is currently 30%, as of 16 December 2021. However, there are some exemptions available for certain groups of buyers. For example, foreigners who are nationals or permanent residents of countries that have Free Trade Agreements (FTAs) with Singapore may be eligible for lower ABSD rates or exemptions. Additionally, foreigners who are married to Singapore citizens or permanent residents and are purchasing a property jointly with their spouse may be eligible for lower ABSD rates or exemptions. It is important to note that these exemptions should be used with caution and with the advice of a professional, as there may be legal and financial implications.

The current ABSD rates for Singapore citizens and permanent residents purchasing their first residential property are 0%...
24/04/2023

The current ABSD rates for Singapore citizens and permanent residents purchasing their first residential property are 0% and 5%, respectively. For Singapore citizens, the ABSD rate is 17% for the second residential property and 25% for the third and subsequent residential property. For permanent residents, the ABSD rate is 5% for the first residential property, 25% for the second residential property, and 30% for the third and subsequent residential property. The ABSD rates for foreigners buying any residential property are 30%. These ABSD rates were last revised on 16 December 2021 as part of cooling measures to stabilize the residential property market in Singapore. The ABSD is payable upon the signing of the Sale and Purchase Agreement, and liable buyers are required to pay ABSD on top of the existing Buyer's Stamp Duty (BSD).

Piccadilly Grand future...
01/04/2022

Piccadilly Grand future...

Piccadilly Grand now...
01/04/2022

Piccadilly Grand now...

Uptown@Farrer updateLast 3 units for Sale1x 3BR 1,292 sqft $2,175,0001x 4BR 1,830 sqft $3,450,0001x 5BR 2,271 sqft $4,18...
23/01/2022

Uptown@Farrer update
Last 3 units for Sale
1x 3BR 1,292 sqft $2,175,000
1x 4BR 1,830 sqft $3,450,000
1x 5BR 2,271 sqft $4,188,000
Prices subject to change w/o prior notice

Address

3 Bishan Place #05-01, CPF Bishan Building
Singapore
579838

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