Conveyancing

BSD is payable for all property purchases in Singapore and it is calculated based on the purchase price or the valuation amount, whichever is higher.

Purchase price or valuation of property, whichever is higher BSD Rates
First $180,000 1%
Next $180,000 2%
Remaining amount above $360,000 3%

ABSD is payable by the affected buyers for property purchases in Singapore and it is calculated based on the purchase price or valuation amount, whichever is higher.

ABSD is payable in addition to the BSD.

Profile of the buyer Old ABSD rates from 8 Dec 2011 to 11 Jan 2013 Current ABSD rates from 12 Jan 2013
Singapore Citizens buying 1st residential property Nil Nil
Singapore Citizens buying 2nd residential property Nil 7%
Singapore Citizens buying 3rd & subsequent residential property 3% 10%
Singapore Permanent Residents buying 1st residential property Nil 5%
Singapore Permanent Residents buying 2nd & subsequent residential property 3% 10%
Foreigners & Entities buying any residential property 10% 15%

For completed private property, an option fee of 1% of the property’s purchase price is payable for the issuance of the Option to Purchase.

For Building Under Construction (BUC), an option fee of 5% of the property’s purchase price is payable to the developer for the issuance of the Option to Purchase.

For completed property, the buyer will be given 2 weeks to exercise the option and the remaining deposit of 4% is payable.

For BUC, the developer will deliver the Sales & Purchase Agreement either to the buyer or the law firm within 14 days of issuing the Option to Purchase and after which, the buyer will have 3 weeks to exercise the option.

You can use the CPF for your second or subsequent property but you must set aside the current Basic Retirement Sum ($80,500 as of 1 Aug 2016) in your Ordinary Account and Special Account (it includes the amount used for investments from the Special Account) first. After the Basic Retirement Sum is set aside, the excess savings in the Ordinary Account can then be used for the purchase of your second or subsequent property.

Please visit CPF Board’s website at www.cpf.gov.sg for further information.

The legal fee depends on the type of property being purchased or refinanced. For quotations on the legal fee, please drop us an email to find out more.

Divorces

There are 2 stages in a divorce. The first stage of the divorce, which culminates in an Interim Judgment being obtained, is to deal with the ground for divorce i.e. the fact relied upon for the dissolution of marriage.

In Singapore, there 5 facts which a party may rely upon to obtain a divorce pursuant to Section 95(3) of the Women’s Charter (CAP 353), namely:

  • 1) That the other party has committed adultery;
  • 2) Unreasonable behaviour;
  • 3) 2 years’ desertion by the other party;
  • 4) 3 or 4 years separation depending on whether the other party’s consent to a divorce is obtained.

We will advise you further on the threshold requirements for satisfying each fact of divorce at our legal consultations.

The 2nd stage of a divorce culminates in the Final Judgment being obtained. The 2nd stage of the divorce is to deal with the other issues in a divorce (Ancillary Matters), such as the child care arrangements, maintenance for the Wife and Children and the division of the matrimonial assets.

This depends on the complexity of the matter, but on average 3-6 months, and even up to a year in some cases.
You have to be married for at least 3 years before you are able to file for divorce in Singapore pursuant to Section 94 (1) of the Women’s Charter CAP 353.
You will have to apply for the leave of Court to commence divorce proceedings. The Courts will only grant leave for filing for divorce within the first 3 years of marriage if there is exceptional depravity on the part of the other party or if you are suffering exceptional hardship.
The Courts generally look at the financial needs of the Wife and the Children and will award maintenance for the Wife and the Children accordingly. Therefore, it is important for there to be documentary evidence of such financial needs such as receipts of expenditure. You may wish to start retaining your receipts of expenditure for yourself and your children for about 3 months before the commencement of divorce proceedings. Please speak to us on this should you feel a need to clarify what you should do in this regard.
Generally, the Courts do not award maintenance for the husband in Singapore. However, in cases where the Husband is incapacitated and unable to work owing to illness or disability, the Courts may award maintenance to the Husband pursuant to Section 114 of the Women’s Charter.
The Courts will look at the direct and indirect contributions of the parties in respect of the matrimonial assets and divide the property accordingly.
If you have any queries relating to the above FAQs, and would wish to find out more and obtain more information and legal advice, please contact us for a discussion or arrange for a free 1st consultation.

Wills & Probate

Usually, we will need your NRIC, and the NRIC of your executor(s) and your beneficiary(s). We will also need information on the assets which you wish to bequeath in a will.
The testator must be 21 years of age and of a sound mind. The will be witnessed in the presence of 2 witnesses, who cannot be the beneficiaries of the will and you must also appoint an executor of the will. Our advice is that the executor should be a different person from the beneficiary. The will must also be drafted in such a manner that the testator’s intention is clear and there is no ambiguity in the will. We will advise you further during your legal consultations with us.
If you have any queries relating to the above FAQs, and would wish to find out more and obtain more information and legal advice, please contact us for a discussion or arrange for a consultation.