Category: Conveyancing & Real Estate
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Sixty Percent Additional Buyer’s Stamp Duty on Foreigners Buying Singapore Residential Property
In the third round of cooling measures since December 2021, Singapore announced the steepest rise in stamp duty for foreign buyers just before mid-night on 26 April 2023. Minister for National Development, Mr Desmond Lee said that these are pre-emptive measures to dampen demand for residential properties so that Singaporeans who are buying their property to…
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The House You and Your Spouse Are Living In May Not Be Your Matrimonial Home
By Chloe Chua of OTP Law Corporation To most couples, their matrimonial home is simply the place where they reside together. The legal concept is straightforward: a matrimonial home is one where a couple has purchased a property in which they subsequently stay in for an extended period of time during the marriage. However, it…
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The ABCs of Trusts
This article is written by Emelia Kwa, trainee of OTP Law Corporation. Despite being such an important part of our legal affairs, the concepts behind trusts can be rather intimidating to understand. We hope that this guide will be able to kick start your understanding of trusts. Who’s who? The settlor is the person who…
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En Bloc Step-by-Step Legal Aspects [updated 2017]
STEP 1: DETERMINE IF YOUR DEVELOPMENT IS ELIGIBLE FOR EN-BLOC SALE BY A MAJORITY If you own a property in the following situations, your unit is eligible for an application to the Board for en-bloc sale by majority agreement (even if there are objections to the sale by a minority group): As there are no…
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Owner successful in claim for leakage repair against upper floor neighbour
OTP Law Corporation acted for a successful owner in her claim against her upper floor neighbour for water leakages.
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Collective Sale of Harbour View Gardens Not Approved by High Court
OTP Law Corporation acted for successful minority owners opposed to a collective sale.
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Practical Tips on Avoiding Disputes with Your Interior Designer: an article by Wan Yew Fai
Mr Wan Yew Fai is the Chief Financial Officer of Mason Works Pte Ltd. More information about his company can be found at https://www.masonworks.com.sg/. Badges of Disaster Many people shudder in fear when they realize they have to take charge of a fit out project. It is not uncommon to hear of unhappiness with one’s…
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En Bloc Legislation: Are They Constitutional?
An article on en-bloc legislation and how should they be viewed.
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En-bloc Step by Step- Legal Aspects
This article focuses on the legal aspects of an en-bloc sale exercise. Step 1: Determine if your development is eligible for en-bloc sale by a majority If you own a property in the following situations, your unit is eligible for an application to the Board for en-bloc sale by majority agreement (even if there are…
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Property Investment in Singapore by Foreigners
Introduction Since 1973, the Singapore Government has imposed restrictions on foreign ownership of private residential property in Singapore. In its drive to attract foreign talent to Singapore, the government however makes concessions for permanent residents, foreign companies and limited liability partnerships that make an economic contribution to Singapore to purchase such properties for their occupation.…
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Building and Construction Industry Security of Payment
Concerning the Building and Construction Industry Security of Payment Act 2004 that provides for security of payment from clients, main contractors and sub-contractors.
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