Miscellaneous Costs
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Miscellaneous Costs
Other Miscellaneous costs in which a buyer has to borne are:
1) Lawyer’s FeesA buyer is to pay lawyer’s fee in the range from S$2,500 – S$3,000 for the service rendered.
2) Property TaxAfter a buyer receives from the Vendor a Notice of Vacant Possession in respect of the Unit, the buyer must pay for all property tax.
Progressive Tax Rates From 2014
Residential Tax Rates (for Non-Owner-Occupied Properties)ANNUAL VALUETAX RATEFirst $3000010%Next $1500011%Next $1500013%Next $1500015%Next $1500017%AV in excess of $9000019%Owner-Occupier Tax RatesANNUAL VALUETAX RATEFirst $80000%Next $470004%Next $50005%Next $100006%Next $150007%Next $150009%Next $1500011%Next $1500013%AV in excess of $13000015%3) Agent FeesA buyer pays 0% agent fee when buying any developer’s Unit from this website!
4) Condominium Maintenance ChargesA buyer shall pay maintenance charges to the Management Corporation (MC) for the first 6 months and pay the goods and services tax in relation to those charges in advance in one lump sum, and subsequently to pay the charges in advance every quarterly.
5) Utility turning-on feeA buyer must pay for all turning-on fees for the supply of electricity or other amenities to the Unit.
1) Lawyer’s FeesA buyer is to pay lawyer’s fee in the range from S$2,500 – S$3,000 for the service rendered.
2) Property TaxAfter a buyer receives from the Vendor a Notice of Vacant Possession in respect of the Unit, the buyer must pay for all property tax.
Progressive Tax Rates From 2014
Residential Tax Rates (for Non-Owner-Occupied Properties)ANNUAL VALUETAX RATEFirst $3000010%Next $1500011%Next $1500013%Next $1500015%Next $1500017%AV in excess of $9000019%Owner-Occupier Tax RatesANNUAL VALUETAX RATEFirst $80000%Next $470004%Next $50005%Next $100006%Next $150007%Next $150009%Next $1500011%Next $1500013%AV in excess of $13000015%3) Agent FeesA buyer pays 0% agent fee when buying any developer’s Unit from this website!
4) Condominium Maintenance ChargesA buyer shall pay maintenance charges to the Management Corporation (MC) for the first 6 months and pay the goods and services tax in relation to those charges in advance in one lump sum, and subsequently to pay the charges in advance every quarterly.
5) Utility turning-on feeA buyer must pay for all turning-on fees for the supply of electricity or other amenities to the Unit.