The landscape shifted significantly following rules targeting property flipping, as well as reforms rolled out to safeguard buyers of brand-new private homes.
To better protect buyers and minimize disputes between homeowners and developers, the government rolled out a suite of transparent, buyer-centric regulations for the private housing market: new rules for buying property in singapore
Buyers are required to hold on to their private residential property for at least 4 years (up from 3 years) to completely avoid paying seller's tax. new rules for buying property in singapore
Developers must now explicitly mark all structural walls and refuse chambers directly on the site and floor plans at the point of sale. This gives upfront clarity on renovation limits and noise/hygiene barriers. new rules for buying property in singapore