Definitions for your convenience.
an additional property tax for your 2nd residential property purchase.
qualifying for a loan based on what the bank determines as 'Liquidable Assets'.
a property tax for your 1st residential property purchase.
as a landlord, cashflow this is the amount you have remaining after receiving rental and covering expenses—property tax, MCST, mortgage—for your leased property.
the difference of property price from the date of purchase to the date of selling; typically referring to the change in value of a property when purchased for investment reasons.
a detailed breakdown of an individual's credit history prepared by a credit bureau
if you are self-employed or earn a variable income, the banks will only assess 70% of your income when qualifying for a loan.
qualifying for a loan based on your income.
an estimate given by mortgage lenders to prospective buyers before finalising any property or to existing property owners before deciding on a refinancing.
a person who owns a property and rent it out to a tenant.
i.e. Cash, Gold Stocks, Fixed Deposits
the total number of years you are allowed to loan for from the bank; the maximum loan tenure in Singapore is 30 years.
the percentage amount you are eligible to loan out of the price of the property.
the monthly sum you pay to the bank for taking up the loan for your property, this is calculated by adding the monthly 'Principal' and 'Interest'.
the sum you take up for your property.
the interest charged on the loan you take up for your property; may be 'Fixed' or 'Compounding'.
an IRAS document listing your income and taxes; this will be used to qualify for loan requirements.
an official document from a buyer certifying their interest for your property.
an official document from a seller certifying their acceptance of the Offer To Purchase.
the property price divided by the unit area in square foot, signifying the value of the unit per square foot.
a property tax that a seller has to pay when they sell a property within the 3-year holding period
the TDSR limits the amount borrowers can spend on debt repayments to 60 percent of their gross monthly income.