Buying

5 Hard-To-Spot Problems That You Should Know Before Buying A Condo In Singapore

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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David
David
1 year ago

Could you shed more light on why the freehold land that belongs to the US govt stall en-bloc attempts? What is the difference between that and a freehold land that belongs to the Sg govt?

Stacked Homes
Admin
1 year ago
Reply to  David

I think there’s some confusion here. The freeholder of the land is literally owned by the US in Spring Grove’s case. In Singapore, owners of a freehold development own a share of the land, unless the government actually sold the freehold land as 99-year leasehold.

Confused
Confused
1 year ago

Hi Ryan, I recently accompanied a friend to a viewing. She asked to inspect MCST financial statements but was turned down by the onsite management. According to them, only owners can view such statements. It this true? I see you advised that potential buyer should ask to inspect.

Stacked Homes
Admin
1 year ago
Reply to  Confused

Hi, it’s not true. The management is ill-informed. By law, they are obliged to supply certain information when requested formally. You may refer to this link https://sso.agc.gov.sg/act/bmsma2004?ProvIds=P15-#pr47-

Ultra Shiny Marines
Ultra Shiny Marines
1 year ago
Reply to  Stacked Homes

They are obliged to supply the information “upon payment of the prescribed fee” which means that they can make you pay for it…

Stacked Homes
Admin
1 year ago

Yes! We think that’s reasonable, otherwise, it’s open to abuse e.g. I can write to every MCST to collect information for analysis. You can also get your agent to pay for it Just don’t abuse your agent!

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