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Property Terms

What is Progressive Payment?
What is progressive payment?

What is progressive payment?

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 Singles Grant?
What is a Singles Grant?

What is a Singles Grant?

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 are Stamp Duties?
What are BSD, ABSD and SSD?

What are BSD, ABSD and SSD?

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 fire insurance?
What is a fire insurance?

What is a fire insurance?

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?
What is a Diplomatic clause?

What is a Diplomatic clause?

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