RealVantage

Most of us in Singapore would have heard of the term ‘stamp duty’. But do you know what they are, how they may affect you, and how the Singapore government uses the Additional Buyer’s Stamp Duty to prevent the property market from overheating? Read on to find out more.

A modular home is a home that is built offsite in a factory to near-completion before being transported to the actual building site to be assembled.

A leasehold property is an ownership of a temporary right to use and hold the property by the form of a leasehold title. Leasehold title is an interest in land and entitles the lessee an indefeasible right to use and hold the property.

Pari passu is a latin term meaning “on equal footing” and is usually used to describe a class of assets, equities, investors or creditors.

A buydown is a technique to finance mortgages such that buyers can enjoy a lower interest rate when taking out a mortgage loan for a property they wish to purchase by paying more up-front.

Economic Obsolescence, in the context of real estate, is the depreciation in the value of a property due to external factors that are outside the control of the owner.

Pooled Investment refers to a group of investors injecting funds into a common pool to buy shares or units of an investment product/company.

Foreclosure is a legal process in which a mortgage lender exercises his right to take control over a property, held as a collateral, mostly with the intention to sell it and recover the outstanding dues of the mortgagee or borrower.

Market value, in the context of real estate, is the sale price that an asset is expected to fetch in the market under normal conditions.

Mezzanine debt is typically used to bridge the gap between real estate investors’ equity and the senior debt from their lenders.

A condominium is a large housing complex divided into individual units for the purpose of sale, with each unit having an individual title and hence could be separately owned.