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Property owners with rental income may make claims on the total amount of their rental expenses. Alternatively, they may claim deemed rental expenses calculated based on 15% of the gross rent. In addition to the 15% deemed rental expenses, property owners may claim mortgage interest on the loan taken to purchase the tenanted property. [6]
After the Second World War, Singapore experienced a significant influx of immigrants, many of whom settled in urban kampongs at the edge of the Central Area.Consisting of wooden houses built over empty plots, swamps and old cemeteries, these kampongs expanded rapidly through the 1950s, housing a quarter of Singapore's urban population by the early 1960s. [8]
By the 1940s and 1950s, Singapore experienced rapid population growth, with the population increasing to 1.7 million from 940,700 between 1947 and 1957. The living conditions of people in Singapore worsened, with many people living in informal settlements or cramped shophouses. [3]
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
Block 45 in 2021 Blocks 48 and 49 in 2021. 45, 48 and 49 Stirling Road are three residential flats on Stirling Road in Queenstown, Singapore.They were the first three blocks completed by the Housing and Development Board (HDB), having been previously left unfinished by its predecessor, the Singapore Improvement Trust.
Here are the advantages and disadvantages of renting versus buying a house to consider before making a decision. Renting vs. buying a house: Pros and cons Buying
Flats are eligible for HIP twice: once at 30 years old, and again between 60 and 70 years old. Initially, HIP targeted flats built before 1997, [5] but the scope has since expanded to cover more flats. The programme's objective is to ensure the long-term sustainability of Singapore's public housing stock.
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