Property Terms Archives ⋆ Singapore's Real Estate Dad

Buyers’ market your head!!! – Dissecting the sellers’ mindset

April 20, 2020

I always get this kind of questions a lot by home buyers: "How's the property market today?" "Eh now buyers' market leh. Why is your unit so expensive?" So what exactly is a buyers' market? Buyers' market definition Buyers' market means that the supply in

Newbie guide to buying your first HDB home

April 4, 2020

This post is dedicated to my two friends who are getting married and planning to get their first matrimonial home this year. So how does one begin to buy a property without prior experience or the skills needed to ensure a smooth property transaction? We

Exclusive or Non-exclusive: That’s the question

January 7, 2020

What is CEA Form 5? This is a consent form to indicate your agreement with the agent to sell your property EXCLUSIVELY. An industry standard, such exclusivity agreements, are valid for up to three months. In an event where you or another agent manage to

What is progressive payment?

November 28, 2019

Progressive payment scheme is when you have the option of paying for your new home progressively in stages, rather than all at once. This payment feature attract more buyers to buy uncompleted properties or properties under construction. Many home/property buyers are hesitant to buy properties

What is my housing loan eligibility?

November 1, 2019

This is a very common question that people ask. The maximum loan depends on: HDB Concessionary Loan or a private bank loan The type of property you buy Age of property HDB Concessionary Loans For HDB Concessionary Loans, you can borrow up to 90% of the flat’s value

What is a Singles Grant?

October 30, 2019

Single, 35 and Driven. Being single and 35 comes with a lot of perks. You are motivated, focused, at the prime of your career and best of all, you can have your own subsidised bachelor/bachelorette pad. You can now apply for a HDB flat. Read

What is Home Protection Scheme?

October 18, 2019

I am a firm believer of having a safety net. It is even more crucial when we are making any life-changing choices. Buying a home is one of our life-changing moments and we should be adequately prepared for the worst. Buying a home insurance one

What are BSD, ABSD and SSD?

October 16, 2019

In property there are so many lingos used around. These are the 3 common terms used as these are the ones that hurts buyers and sellers the most. The Government introduced these cooling measures to curb property market speculations. Buyers Stamp Duty or BSD BSD

What is a fire insurance?

October 14, 2019

A fire can happen anytime at home. There are many reasons from negligence to electrical overload. It could be a fire that started from our neighbours' house and spread to our home. In 2018, a total of 2,411 fire incidents occurred in residential premises (private

What is a Diplomatic clause?

October 11, 2019

A diplomatic clause is usually found in tenancy agreements for a lease of 12 months or longer. It allows for the termination of the lease before its expiry at a fixed time or upon the occurrence of specified event. A diplomatic clause is especially important

Property Terms