Meyer Mansion – An Intro

Before you purchase your first residential real estate in Singapore, you might want to find out a little bit more before you sign on the dotted line. In the past couple of years the Singapore real estate scene has seen drastic changes to the regulations governing transactions in residential property. This was mainly due to the rapid surge in property prices during this period, which caused a major concern to home buyers in the market. Listed below are the current regulations in place.

* Loans
In order to dissuade buyers from speculating in property, the Government has reduced the initial 90% Loan-To-Value (LTV) to the current 80% LTV. However if the buyer has an existing housing loan in place, the next loan used for a residential property will be capped at 60% LTV. This measure severely cripples the speculator who is merely out to make a quick buck from leveraging on the banks. Feel free to find more information at  Meyer Mansion

* For Foreigners
Probably the group worst hit by the new regulations, foreigners now are required to pay an additional buyer’s stamp duty of 10% on top of the prevailing 3%. This measure has severely dampened foreign investor interest in and will likely continue to be in force until the market stabilizes. However on the bright side, investors from the following countries would enjoy tax privileges on the same terms as Singaporeans: USA, Switzerland, Norway, Liechtenstein and Iceland.

* For Corporate Entities
Non-individual entities who purchase property are also subject to the additional 10% buyer’s stamp duty. Moreover, their loan-to-value is capped at 50% which makes financing the property much more difficult.

* For Permanent Residents
Home buyers in this category will be pleased to note that for their first property, only the buyer stamp duty of 3% is payable. However, upon purchasing their 2nd property, an additional 3% will be levied on top of the prevailing buyer stamp duty.

* For Singaporeans
As the group least affected by the new measures, the buyers in this category are eligible to purchase 2 properties under the normal stamp duty of 3%. The additional 3% will be payable upon their purchase of the third property.

The measures have been a success at weeding out the speculators who have been driving up the property prices in Singapore. It is interesting to note however, that property prices have been held at a steady level for the past year since 2011. This comes as welcome news for investors who have been increasing their property portfolios to prepare themselves for the next 5-10 years.

Finding The Best Commercial Insurance Policy

Picking the right business protection for your business needs can be sufficiently overwhelming notwithstanding for a prepared agent or moderator. For a start-up big business guaranteeing that the business has full and appropriate assurance against all dangers, it is a considerably bigger minefield. There are anyway some fundamental tenets of protection, which if conceived at the top of the priority list while searching for the correct business approach, will guarantee that the endeavor is neither under or over safeguarded and has the important cover in constrain. For a business protection contract to be substantial the proposer must have what is referred to in the business as ‘an insurable enthusiasm’ in the question of the cover. This instantly characterizes the sort of property protection strategy that a representative may require.

The business dangers to be safeguarded under the approach are not simply the physical question but rather the monetary estimation of such, which is characterized as the intrigue that a policyholder has in the items should they endure misfortune if the protected dangers happen. Unmistakably then the sort of approach that a business will require relies on whether the proposer is the proprietor of the business property, or a leaseholder or occupant.Checkout commercial insurance for more info.

A proprietor of a business premises who lets or rents a building, regardless of the kind of business exercises that might be sought after there, would just have an enthusiasm for the structures apparatuses and fittings of the property concerned and any liabilities to the general population that may emerge from these. A rent holders enthusiasm for the structures might be endless supply of rent and ought to be checked completely with the understanding. Frequently an agreement will make it the obligation of the resident to give cover to the rent term. Proprietor occupiers of business premises will have a budgetary enthusiasm for both the structures and substance of the property and will require protection for both.

Leased business property structures cover isn’t typically the worry of the occupant who will just have an insurable enthusiasm for any substance of the building and in any upgrades that they may have made to the property keeping in mind the end goal to complete business. Before getting any business property protection cites it is essential for the specialist to ascertain the estimations of the considerable number of structures, substance and stock. Structures esteem ought to be founded on the remaking costs following an aggregate misfortune and taking into account expansion. Exact yearly turnover figures will be required for substance protection. In the event that high esteem stock things are kept at the property, at that point the estimation of these ought to be resolved exclusively.