 Capitaland said it has received strong interest for its suburban condominium project,
Sky Habitat at bishan. As of 6pm on Sunday (15/04/12), it sold 70% of the 180 units launched for sale since yesterday. The developer said eight in 10 buyers are Singaporean. 81% of units sold were 2 & 3 bedroom units. Sky Habitat is said to be the most expensive suburban condominium here, the development in Bishan central is going for S$1,747psf for a 1bedroom to S$1,642psf for a 4bedroom. A 3bedroom unit will cost about S$2 million. Non-Singapore citizens purchasing strata landed house in non-condominium developments
With immediate effect, non-Singapore citizens who wish to purchase strata landed houses built within non-condominium developments are required to obtain approval under the Residential Property Act. Such strata landed houses may be situated in wholly strata landed developments, i.e. cluster housing projects, and in developments with a mix of strata landed housing and apartment units. Real Estate salespersons are reminded to advise their non-Singapore citizen clients to apply to the Controller of Residential Property (Land Dealings (Approval) Unit (LDAU), in the Singapore Land Authority) before they purchase strata landed houses in non-condominium developments. The need for approval should be brought to the attention of the client before he enters into the option to purchase or the sale and purchase agreement. A copy of the application form may be obtained from SLA or downloaded from its website at www.sla.gov.sg Real Estate salespersons are also reminded to advise their clients, who are developers, to include the following clause (approved by the Controller of Housing) in their prescribed Option to Purchase and Sale and Purchase Agreement for the sale of strata landed houses in non-condominium developments: “If You are not a Singapore Citizen or an approved purchaser as defined under the Residential Property Act (Cap. 274), the sale and purchase is subject to the approval being obtained by You from the Controller of Residential Property, Singapore. If approval is not obtained within 3 months from the Option Date, the sale and purchase shall be treated as abortive and all monies paid shall be refunded to You by Us in full (free of interest) and thereafter neither party shall have any claim against the other.”  I've attached this article to answer some of your question about the penalty for premature termination of a tenancy agreement. As the below case suggested, when a tenant breached the tenancy contract. The landlord can claim the outstanding rent and pro rated Commission as well as the remaining rent if the tenancy was still in force. It is important to note that we must understand the landlords' rights and advice them accordingly.
|
AuthorJust sharing Property news with everyone!! Information is from all major local media. Archives
January 2015
Categories
All
|
RSS Feed
