May 27, 2020

stirling residences condo

They are also restricted from buying an HDB shophouse, an HDB house directly from the HDB, a resale HDB flat that is approved by the HDB, and a condominium that is purchased under the Executive Condominium Housing Scheme of 1996. This scheme was introduced for people who wished to buy something better than an HDB flat, but couldn't afford to buy private property. For the uninitiated, HDB is an acronym for Housing and Development Board- Singapore, the public housing authority of Singapore. This was set up by the government of Singapore, with an aim to help Singaporeans buy quality home at affordable prices.

• Permanent Residents or PR's are allowed to purchase HDB flats directly from the HDB, provided they stirling residences condo form a family nucleus with a Singapore citizen. Pr's can also buy an HDB flat from the resale market; provide they enlist at least one occupier as a Singaporean citizen or PR. And to protect people from flipping their property, owners looking to sell apartments that are less than 3 years old, would have to pay a duty of 3 per cent of the resale value. Thus property owners who buy property through easy credit and then sell them quickly for a profit are discouraged from doing so.

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