A extremely anticipated Government Condominium situated at Westwood Avenue, proximity to the Enterprise and Leisure hub — Jurong Lake District. This newly launched EC features an outdoorsy bicycle theme and is slated for completion in 2017.

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would be the first EC mission the place second-timers who've already purchased a subsidised flat or EC unit shall be subjected to a resale levy. Depending on the kind of flat the client first purchased, the levy ought to work out to about $forty to $50 psf, Koh Brothers managing director and group chief govt Francis Koh told a briefing yesterday.

In the same vein, the LTV ratio has been tightened to 50% or 30% if the mortgage tenure exceeds 30 years or extends previous age sixty five — down from the previous 60% or forty%, respectively. Under the revised guidelines, consumers may also need to incur a 7% ABSD, on the higher of the acquisition value or valuation, for his or her second residential property buy. If in case you have already utilised the fund in your CPF Atypical Account (OA) in your first dwelling, you possibly can nonetheless use it for the acquisition of your second and subsequent residential properties topic to the multiple properties (MP) rule. Underneath this rule, which took impact from 1 July 2006, there's a decrease restrict to the CPF fund chances are you'll use as in comparison with your first residential property.

In keeping with MOTHER's labour Market 2014 report in samuelnelsonministries.com chart 2, foreign labour force declined by 2.38% in 2014 compared to 2013. This development seems to be extra pronounced over the previous couple of years, because the authorities's announcement in 2011, on its dedication to have a more sustainable growth price within the foreign workforce.

Rental properties are readily available and never overly expensive by American or European standards. The cost of 2-bedroom rental apartments begins at around $225 per 30 days, with singapore property news 2014 3-bedroom homes beginning at $35,000. Naturally, comparable housing in expatriate communities or the luxurious suburban properties that date from British colonial interval can set you can foreigners buy condo singapore again significantly extra.