http://www.toapayohproperties.com Fri, 03 Sep 2010 01:10:43 +0000 http://backend.userland.com/rss092 en PERMANENT resident (PR) Michael Lim is keen to upgrade to a larger HDB flat but the new rules on dual property ownership have put him in a pickle. Mr Lim's problem is that he also owns a condominium in Kuala Lumpur that he inherited when his father died. Previously, this would ... http://www.toapayohproperties.com/property-news/hdb-flat-dilemma-for-prs-and-singaporeans-with-property-abroad/ HOME owners wanting to move and hoping for an 80 per cent loan on a new property will now have to produce evidence that they have sold their existing home. The proof must come in the form of a signed sale and purchase agreement and a certificate showing that the buyer ... http://www.toapayohproperties.com/property-news/home-buyers-must-prove-sale-to-get-higher-loan/ PEOPLE who own a home overseas will still have to comply with the tough new rules on property ownership if they want to buy an HDB resale flat. The clarification yesterday came amid uncertainty over who might or might not be exempt from the rules announced on Monday. The new regulations state ... http://www.toapayohproperties.com/property-news/owners-of-foreign-homes-not-exempt/ YES, I paid $100,000 in cash-over-valuation (COV) for my HDB flat. No, I did not mistakenly add an extra zero to that figure. "Gila" (crazy in Malay), said one friend. Totally exorbitant, chided another. But I have only one question: How much would you pay for the home of your dreams? I don't ... http://www.toapayohproperties.com/property-news/hdb-penthouse-at-100k-over-valuation-clever-or-crazy/ Singapore increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation after home prices surged 38 percent in the second quarter. Buyers who hold more than one mortgage can only borrow up to 70 percent of a property’s value, ... http://www.toapayohproperties.com/property-news/singapore-tightens-mortgages-to-cool-property-market/