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Asia USA Realty
(Singapore)
asiahomes.com Pte Ltd
Estate Agents Licence No.
L3007306B
10 Apr 2011
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Focus:
We
get for you affordable Singapore homes
Rent or Investment |
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BEAVERTON COURT
South Singapore
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45 Mount Sinai Road. Condominium.
Freehold. 54 units. 19 floors.
Completed: 1984.
3-bedroom 191 sq m
4-bedroom 300 sq m
Penthouse 820-900 sq m
Facilities:
Pool, gym, tennis courts, playground, BBQ, covered car park.
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balconies, big living and dining areas |
Some units
have been renovated |
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FOR RENT |
 Apr
9, 2011
For Rent
Beaverton Court
4+1 3229 sq ft $14,000. 4 attached bathrooms.
3-bedroom 2055 sq ft $5,500
Other units are available.
E-mail
judy@asiahomes.com Tel: +65
9668 6468. |
TIPS FOR
REALTORS - PROPERTY TAXATION
FOR CEA EXAM |
The February 2010 Budget
1. Owner occupation. Singapore's Property Tax is
3-tiered.
0% for the first $6,000 of Annual Value
4% for the next $59,000 of Annual Value
6% for the balance of Annual Value in excess of $65,000
2. Non-owner occupied residential and other properties
(vacant properties including land, commercial properties) are
taxed at 10%
Definition of Annual Value (HDB, Pte Apt, landed homes)
AV is the estimated annual rent if it were to be let, excluding
the rent for furniture, fittings and service charges.
IRAS review prevailing market rent of most properties yearly and
will notify owners if there is a change of AV by sending a
valuation notice.
No expenses can be deducted in the property taxation unlike
rental income calculation.
Definition of an Owner for the purpose of Property Taxation
1. A person receiving the rent for the premises on his
account or as an agent/representative/trustee of the legal owner
2. A person named in the Valuation list
Thus an owner may or may not be the legal owner.
Example if the question appears in the CEA Exam:
If a foreign investor buys a $1 million condo, what is his
property tax? Depends on whether the property is owner
occupied or not. Refer to the 3-tier rate. For example,
if the IRAS assessed the AV to be $40,000. Property tax will
($40,000 - $6,000 = $34,000). At 4% of AV if owner occupied = 4%
of $34,000 = $1,360. If not owner-occupied, it is 10% of AV =
$5,400.
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Subdivisions
(condo & house details) has some of the details of the
advertised condos. |
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Tel: +65 9668-6468,
e-mail
judy@asiahomes.com for viewings |
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ŠAsia USA Realty (Singapore) asiahomes.com
Pte Ltd. Website:
asiahomes.com.
Blk 1002, Toa Payoh Lor 8,
#01-1477,
Singapore 319074, Republic of Singapore
Estate Agents Licence No. L3007306B
Salesperson Name/Registration No. Sing Kong Yuen/R030822Z
Asia USA Realty (Singapore) asiahomes.com Pte
Ltd
Finding Affordable Homes For Expatriates |
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