Things You Should Be Aware of in Commercial Property Purchases

With the host of cooling measures rolled out in the residential market by the Singapore’s government to avert a property price bubble, investors are gleaning more investment potential in commercial properties. This segment of properties is exempted from Additional Buyer’s Stamp Duty (ABSD), Seller’s Stamp Duty (SSD) and restrictions on foreigners’ ownership – all of which affect the residential market.

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The Fair Housing Act

In United States the House passed The Fair Housing Act in 1968. The sole objective of The Fair Housing Act is to protect the home buyer’s and the renter’s rights from any discrimination by the seller or landlord. It also prohibits any sort of discrimination from the municipalities, mortgage lenders, banks or insurance companies whose discriminatory practices in any way inhibits a person’s right to housing facilities.

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