ABSD
ABSD is a tax charged on second and subsequent property purchases for Singaporean. Foreign are required to pay an ABSD of 20% when purchasing property in Singapore.
ActiveSG
ActiveSG is a platform that will strengthen and extend the reach of our sporting ecosystem in Singapore. Through ActiveSG programmes and activities for all ages and abilities, it aims to build communities, increase sports participation and ultimately encourage Singaporeans to live better through sport.
BSD
BSD is tax paid on documents signed when you buy or acquire property located in Singapore.
GFA
The total floor area contained within the building measured to the external face of the external walls.
GLS
Government Land Sales (GLS) Programme releases State land for development by private developers.
HDB
Housing & Development Board
IWAA
IWAA is calculated by taking the average age of the borrowers, weighted by their respective gross incomes.
LTV
The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.
MOP
Minimum Occupancy Period is the period of time that you are required to physically occupy your flat before you can sell it on the open market.
New generation neighbourhood centres
New generation neighbourhood centres are typically found in newer HDB estates and offer a wide array of commercial facilities and services such as supermarkets, food courts, restaurants, and retail shops. They are envisioned as spaces for our residents to live, work, and play.
ppr
Per Plot Ratio (PPR) is the permissible development intensity of a specified land parcel.
SC
Singapore Citizen
SPR
Singapore Permanent Resident
SSD
Seller Stamp Duty (SSD), is a tax that is levied on you if you sell a property within three years of buying it. It only applies to properties purchased on, or after, February 20, 2010.
TOP
Temporary Occupation Permit (TOP) is a permit that allows homeowners to occupy the building temporarily when the key requirements are met as it may take some time to obtain the Certificate of Statutory Completion (CSC).