tag:blogger.com,1999:blog-83877987718086777682024-02-19T22:44:35.606-08:00PropertyDavern Sohhttp://www.blogger.com/profile/14727844346860087490noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8387798771808677768.post-24560307509201653772011-05-22T20:51:00.000-07:002011-05-22T20:51:56.892-07:00New Property Measures To Maintain A Stable & Sustainable Property Market<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;">1. <u>Increase the holding period for Sellers Stamp Duty (SSD)</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>from the current 3 years to 4 years.</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"> </span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"></span></span></span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"></div><ul><li><span class="Apple-style-span" style="font-size: small;">From</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">20 Feb 2010, SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">for residential properties</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">sold within 1 year of purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
<li><span class="Apple-style-span" style="font-size: small;">From</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">30 Aug 2010, SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">for residential properties</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">sold within 3 years of purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
<li><span class="Apple-style-span" style="font-size: small;">From</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">14 Jan 2011, the residential properties holding</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">for</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">will</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">be</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">extended</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">to</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">4</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">years.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">for</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;"><b>SSD</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>will</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>be</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>extended</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>to</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>4</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>years</b>.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
<li><span class="Apple-style-span" style="font-size: small;">Based on date when a buyer (ie. Buyer A) exercises</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the option to purchase the property to the date when</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the subsequent buyer (ie. Buyer B) exercises the</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">option to purchase the property from</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">Buyer A.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
<li><span class="Apple-style-span" style="font-size: small;">The extended SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;"><b>will not affect</b> HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">as the</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">Minimum</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">Occupation Period is 5 years.</span></li>
</ul></span><br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;">2. <u>Raise the SSD rates to 16%, 12%, 8% and 4% of sale</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>price for residential properties which are bought on or </u></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>after 14 Jan2011, and sold in the 1st, 2nd, 3rd and 4th</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>year of purchase respectively.</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"> </span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><br />
</div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"></span></span></span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">For residential properties bought on or after 14 Jan 2011,</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the SSD rates will be as follows:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">a) <b>16%</b> of sale price if the property is sold in the 1st </span><span class="Apple-style-span" style="font-size: small;">year of purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">b) <b>12%</b> of sale price if the property is sold in the 2nd </span><span class="Apple-style-span" style="font-size: small;">year of purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">c) <b>8%</b> of sale price if the property is sold in the 3rd </span><span class="Apple-style-span" style="font-size: small;">year of purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">d) <b>4%</b> of sale price if the property is sold in the 4th </span><span class="Apple-style-span" style="font-size: small;">year of purchase.</span></div></span><br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"></span></span></span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Example 1:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Mr Lee purchased his residential property on 14 Jan 2011</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">and sold it on 13 Jan 2012 for $1,000,000 (ie. Holding period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">is 1 year).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">payable = 16% of $1,000,000 = <b>$160,000</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Example 2:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Mr Tan purchased his residential property on 14 Jan 2011</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">and sold it on 13 Jan 2013 for $1,000,000 (ie. Holding period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">is 2 years).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">payable = 12% of $1,000,000 =<b> $120,000</b></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Example 3:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Mr Tan purchased his residential property on 14 Jan 2011</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">and sold it on 13 Jan 2014 for $1,000,000 (ie. Holding period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">is 3 years).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">payable = 8% of $1,000,000 = <b>$80,000</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Example 4:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Mr Tan purchased his residential property on 14 Jan 2011</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">and sold it on 13 Jan 2015 for $1,000,000 (ie. Holding period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">is 4 years).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">payable = 4% of $1,000,000 = <b>$40,000</b></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><b><br />
</b></span></div></span><br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"></span></span></span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Example 5:</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Mr Tan purchased his residential property on 14 Jan 2011</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">and sold it on 14 Jan 2015 for $1,000,000 (ie. Holding period</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">is more than 4 years).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">payable = <b>$0</b></span></div></span><br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><br />
</div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;">3. <u>Lower the Loan-To-Value (LTV) limit to 50% on housing</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>loans granted by banks for property purchasers who are</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>not individuals.</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"></span></span></span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"></div><ul><li><span class="Apple-style-span" style="font-size: small;">From</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">14 Jan 2011, an LTV limit of 50% will apply to all</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">residential property purchasers who are not</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">individuals.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">This includes corporations, trusts and collective</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">investment</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">schemes,</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">among</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">others.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">investment</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">schemes,</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">among</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">others.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
<li><span class="Apple-style-span" style="font-size: small;">The 50% LTV limit for housing loans will also apply to</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">joint property purchases by an individual and a</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">purchaser who is not an individual.</span></li>
</ul></span><br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;">4. <u>Lower the LTV limit on housing loans granted by banks</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>from 70% to 60%for property purchasers who are</u></span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u> </u></span></span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: large;"><u>individuals with one or more outstanding housing loans.</u></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><br />
</span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: small;"></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"></div><ul><li><span class="Apple-style-span" style="font-size: small;">From</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">14 Jan 2011, the LTV limit is lowered from</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">70%</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">to <b>60%</b> for borrowers who are individuals and have</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">one or more outstanding housing loans (whether</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">from</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">or a bank) at the time of applying for a</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">housing loan for the new</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">property purchase.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Borrowers who can show</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">evidence that they have</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">sold their existing properties will still be able to</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">borrow</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">at an 80% LTV.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Where the existing property is a private property, he</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">can show</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">an exercised option to purchase or a</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">signed sale & purchase agreement, with the IRAS</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">certificate showing that stamp duty has been paid by</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the buyer.</span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Where the existing property is a HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">flat, he can</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">show</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">approval letter to sell the flat, that HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">will</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">issue within 2 weeks of the First Appointment.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Borrowers without any outstanding housing loans</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">continue to have a LTV cap of 80%.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Apply to housing loans granted by banks for private</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">residential properties, Executive Condominiums,</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">HUDC</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">flats and HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">flats (including DBSS flats).</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">Loans granted by HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">for HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">flats (including DBSS</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">flats) will still have a LTV cap of 90%.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></li>
</ul><ul><li><span class="Apple-style-span" style="font-size: small;">HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">loan applicants are required to utilise all the</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">balance in their CPF Ordinary Account before HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">loans will be granted. Those taking a 2nd HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">loan</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">must use the CPF refund and<b> 50% of the cash</b></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><b> </b></span></span><span class="Apple-style-span" style="font-size: small;"><b>proceeds</b> from</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the sale of their previous flat before</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">they are granted an HDB</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">loan.</span></li>
</ul><br />
<br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><br />
</span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Helvetica;"><span class="Apple-style-span" style="font-size: large;"><u>FAQs:</u></span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></span></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q1. Which is the material date of acquisition/disposal to be</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">considered for the purpose of determining SSD?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A1. The material date of acquisition or disposal is the date on</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">which the contract is made. Where there is an Option to</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Purchase, the material date shall be the date when the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Option is exercised. In the case of a direct sale by the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">developer, the date of acquisition shall be the date of the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Sale</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">&</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Purchase</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Agreement</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">between</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">developer</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">and</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Original Purchaser. Should the Original Purchaser</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">subsequently sell the property to the Sub-Purchaser, the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">subsequent date of acquisition or disposal shall be the date</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">when the Option to Purchase is exercised by the Sub-</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Purchaser.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q2. When must SSD be paid?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A2. SSD must be paid within 14 days of execution of the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Agreement (that is, the date the Option to Purchase is</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">exercised, or date of signing the Sale and Purchase</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Agreement if the date of exercise of Option is not available).</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Where the Agreement is executed overseas, SSD must be</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">paid within 30 days from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the date of receipt of the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Agreement in Singapore.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q3.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">Can</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">SSD</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">be</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">deferred</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">or</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">paid</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">by</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">instalments?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A3. No, stamp duty must be paid in full for the Agreement to be</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">stamped.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q4. As a buyer of a residential property, do I have to ensure that</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the seller pays the SSD if he is liable?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A4. If the seller is liable but fails to pay SSD, the Agreement</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">between you and the seller is considered as not duly</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">stamped even though you have paid the buyer's stamp</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">duty. Hence it is in your interest to ensure that the seller</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">pays the SSD.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q5. How</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">do I know</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">if the seller is liable to pay SSD?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A5. In the process of conveyancing, your lawyer may check</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">with the seller's lawyer or make a search on the property to</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">ascertain the date of purchase by the seller. Whether the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">seller is liable for SSD and the amount of SSD payable</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">would depend on the date of purchase and the date of sale.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q6. As a buyer, how</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">do I ensure that the SSD is duly paid?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A6. You may ask for a copy of the stamp certificate from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">seller's</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">lawyer</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">as</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">proof</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">that</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">SSD</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">has</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">been</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">paid.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">If</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">seller</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">seller's</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">lawyer</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">as</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">proof</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">that</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">SSD</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">has</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">been</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">paid.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">If</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">seller</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">has not paid the SSD by the sale completion date, it may be</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">in your interest to ask your lawyer to withhold the stamp</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">duty amount payable by the seller plus any penalty</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">chargeable.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q7. Does SSD apply if an apartment was given to me (i.e.</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">transferred by way of a gift) after 14 Jan 2011 and I dispose</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">of the apartment within a year?</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><br />
</div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A7. Yes, since the apartment was transferred to you by way of</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">gift after 14 Jan 2011. The date for calculation will be based</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">on the date of transfer.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Example:</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Mr A transfers his property to his son, Mr B, by way of gift</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">on 1 Apr 2011. Mr B subsequently sells it for $1.5 million on</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">9</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Aug</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">2013.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">As Mr B acquired the property after 14 Jan 2011 and sold it</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">within 3 years, he is liable for SSD based on $1.5M payable</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">within 14 days from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">9 Aug 2013.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">The SSD is 8% of $1.5M =</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">$120,000.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q8. I have inherited a house from</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">a deceased relative who</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">bought the house after 14 Jan 2011. Does SSD apply to me</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">if I dispose of it within a year?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A8. Yes, you would have to pay SSD when you dispose of the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">house within a year as the deceased bought the property</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">after 14 Jan 2011. The date for calculation will be based on</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">the date the deceased bought the property since it is an</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">inheritance.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Example:</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Mr</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">C</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">inherited</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">a</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">property</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">a</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">deceased</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">relative</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">on</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">1</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Apr</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">2011. The relative had purchased the property on 1 Feb</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">2011. Mr C subsequently sells it for $1.5M on 9 Aug 2013.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">As the deceased relative had acquired the property after 14</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Jan 2011 and Mr C sells it within 3 years from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">1 Feb 2011, he</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">is liable for SSD based on $1.5M payable within 14 days</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">from</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">9 Aug 2013. The SSD is 8% of $1.5M = $120,000</span></span></div><br />
<br />
<br />
<div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q9. What if there is a deficient in the SSD?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A9. If IRAS discovers the deficient duty, IRAS will impose a</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">penalty of up to 4 times the amount of deficit duty.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q10. Is SSD also applicable for collective sale and mortgagee</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">sale?</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><br />
</div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A10. Yes, SSD is applicable for direct sale, resale, collective sale,</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">mortgagee sale, gift transfer and voluntary winding up of a</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">company.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><br />
</div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q11. What if the property is a mixed development?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A11. Only the part relating to residential use is subject to SSD.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q12. What if I have only part interest in the residential property?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A12. SSD will be payable on the sale price or market value of the</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">partial interest. Joint tenants are deemed to have equal</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">interest.</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q13. What if the sale price is below</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span><span class="Apple-style-span" style="font-size: small;">the market value?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A13. SSD will be calculated based on whichever is the higher.</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;">Q14. Who is exempted from SSD?</span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">A14. The following are exempted from SSD:</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">a) Housing developers;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">b) Public authorities eg. HDB and JTC;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">c) The estate of the deceased when the property is passed </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">to the beneficiary by Will or by law;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">d) When the residential property is acquired under the Land </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Acquisitions Act;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">e) When selling the residential property due to bankruptcy </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">or involuntary winding up;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">f) Foreigners who have to sell their residential properties </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">as required under the Residential Properties Act;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">g) HDB flat owners who return their flats to HDB as a result </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">of re-possession by HDB or under SERS;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">h) HDB flat owners whose flats have been identified for </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">SERS but sell their flats in the open market;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">i) HDB flat owners who surrender their flats to HDB due to </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">separation/ divorce within the holding period;</span></span><span style="font: 12.0px Helvetica;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"> </span></span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;"><br />
</span></span></div><div style="font: 22.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">j) HDB flat owners who surrender their Lease Buyback </span></span><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue;">Scheme flats or studio apartments to HDB.</span></span></div><br />
<br />
<br />
<br />
<div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><b><br />
</b></div><div style="font: 24.0px Helvetica; margin: 0.0px 0.0px 0.0px 0.0px;"><b><br />
</b></div>Davern Sohhttp://www.blogger.com/profile/14727844346860087490noreply@blogger.com1