Note: only those who have fully redeemed their mortgages before 2013 will have an Original SSCT. People like me, who redeemed after 2013 only have a STARS printout and a legal cover letter stating that the original is held by the SLA. This is sufficient proof (confirmed by lawyer 17/03/18). People with outstanding mortgages with Bank & CPF don't have to worry, it is with the other side and the lawyer will handle it.
A TAMPINES COURT - INFORMATION SHEET is enclosed with your latest Lawyer's letter dated 12 Mar 2018. Be sure to fill it in and bring it with you
Indicate on the form when you expect to hand in the keys. Only those who hand in their keys by 11 Jun 2018 will receive 100% of their sales proceeds on the 12 June. Everyone else will have $50k retained until they move out. Note: Sinking Fund & Management Fund share will be later- after Sim Lian has received the audited accounts for MCST 2644.
Someone asked me "How do I pay my outstanding Property Tax?"
1: INTERNET
Click on the pic below to take you to the IRAS website
I pay my property tax by Giro and this is how I did it:
- I first went to the myTax Portal At the top right hand corner and logged in.
- Clicked on View Property Portfolio in the dropdown menu and viewed my 2018 tax details and took note of how much was outstanding ($300.01) & my property tax reference number
- Then I went to my Bank website and paid the outstanding amount.
- I cancelled my Giro on the Bank website.
- Went back to the mytax portal (a couple of days later to give it time to reflect) - downloaded and printed out my Statement of Account showing $0 balance for 2018
- Print out the Property Tax Bill 2017 & Summary page, too.
2: POST OFFICE
You can do it at the post office, too
Don't forget to cancel your Tampines Court MCST Giro, too
Can we leave things we don't want including furniture behind ?
ReplyDeleteAccording to the S&P - NO.
DeleteYou have to leave a clean & tenantable unit.
You can take some fixtures like your air conditioners and fancy ceiling lights.
You have to give 10 business days notice (to who exactly I don't know. Haven't asked that question yet) and there will be a JOINT INSPECTION of your unit.
But according to MA during the meeting he said yes (maybe you can check yr recording if you have). So confusing, that's why we need official confirmation.
DeleteThe official confirmation is in the latest LEGAL LETTER DATED 12 Mar 2018 - which just quotes the S&P.
DeleteIt's there in black & white under
14. (a) All movables ...including furniture ..... are REMOVED .....etc
Just wonder when are we getting the money? 12 Jun? How if we move our earlier? Thks.
ReplyDeleteNo one will receive their sales proceeds before 12 June 2018 - even if you have moved out already.
DeleteYes unless 100% agreed to move early which is unlikely.
DeleteI presume the Cheque should be dated 12 Jun & should be able to get the money 1 or 2 days later after banking in?
DeleteDear Blogger, Can change the timeline in your blog please? it is official already. tks!
ReplyDeletedone. thanks for the reminder
DeleteI did exactly the same, to settle property tax till end of 2018. So it will be prorated and refunded to us according to the day we move out right?
ReplyDeleteMar 12 Letter states:
Delete17. Property Tax paid in respect of the period after completion will be refunded to you on completion.
(for those staying on the following applies .. paraphrased)
12. Payment of all outgoings including property tax and maintenance fees (I believe will be deducted from the retention sum).
So, you pay your full property tax - they give you 6 months back on 12 Jun - you give them x months for staying on from the retention sum.
That's my reading.
Question about the original SSCT, do we need to pay back CPF to obtain the original? bank side i've already fully paid up.
ReplyDeleteYou know, I will just email the Lawyer with a question ir two about the SSCT... will get back to you
DeleteI called the lawyer as well ( engaged, secretary took down my question, as expected) hopefully will get call back on Monday?
DeleteIf you use CPF to pay for your unit you need to refund back to CPF the principal plus accrued interest. You can either log into CPF with your Singpass to check or go to CPF office to check which is better as the CPF officer can explain in detail what the refunded money amount will be and where this money will go to.
Deletehi, quick question please and thanks in advance for your time. I have just paid the balance of my property tax online through my bank and also cancelled my giro. In your experience, how long did it take to reflect on the mytaxportal that payment has been made? It still shows the amount of $300.01. thank you.
ReplyDeleteI paid up on the 12 Mar and checked again on the 14th and it showed a $0 balance.
DeleteThanks much!
DeleteHi, I see both of you are paying $300.01 property tax, does anyone know why mine is $400 instead of $300.01? Is it the unit size? If it is would that account for 33% more in property tax compared to smaller units (Mine is 1,700 sqft)
DeleteThanks
Mine is S$1350. Guess quite a number of SP who rent it out are paying this amount.
DeleteMy Property Tax 2018:
DeleteI pay Owner-Occupier Tax Rates @ 0% of first $8k, and 4% of next $10k
Annual Value: $18,000
Property Tax for 2018: $400
I have paid 3 months so far by Giro so my balance was $300.01
"The Annual Value (AV) is revised from $19,800 to $18,000 under Section 20(1) of the Property Tax Act with effect from 1 Jan 2018. It is equivalent to an estimated market rental of $1,500 per month ($18,000/12)."
So, possible reasons:
1. Your Annual Value is higher (which I doubt as it is not based on size of unit)
2. You are not paying Owner-Occupier Tax rate
3. Your full bill is outstanding
Thanks. So need to make sure the completion of next property after 12 Jun...
ReplyDeleteQ. If half will move out before 12 June, then the monthly maintenance fee will be doubled right? This is also the way to chase sp to move out faster. Correct me if wrong. Tks!
ReplyDeleteWrong. Those staying should not be penalised for exercising their lawful right under the contract.
DeleteThank u blogger! Your step by step has been helpful on the property tax front. I have not seen the letter as I'm yet to return from overseas but have managed to get some stuff done...
ReplyDeleteThe official FB is as good as dead. And got people say we should not bother the CSC anymore. Then might as well shut down the FB. And we are also told not to flood the lawyer's office with calls. Looks like we are on our own and like the blind leading the blind scenario. Though we do appreciate the blogger, but she can only help so much. As she said " I try to put things in simpler terms, but I do make mistakes, be warned " Good luck everyone ! Hope you don't make any mistakes to jeopardise your deal.
ReplyDeleteWhat is the amount we should expect after deductions?
ReplyDelete1% agent fee (plus 7% GST)
0.28% lawyer fee (plus 7% GST)
Lawyer miscellaneous (15 cents per photocopy page, postage, application to STB, others??)
Anything else??
(E3) COSTS & EXPENSES
Deleteunder All Labels in the right had column
Re. (E3)
DeleteSorry, where would I find that? Thanks
I know the blog is getting a little unwieldy - I've moved the (E3) Labels to the right hand column, under the Cat Avatar
DeleteIs it okay now go commit another property?
ReplyDeleteNobody would ever dare give that assurance - including me. It is at your own risk pure & simple.
DeleteNoted thank you
ReplyDeleteSP ,take note.
ReplyDeletewhen u summit HDB resale transaction,your CPF must be in CPF account.
Do Check with HDB officers(better ask more than one officers ,ha ha).do not assume .
Has anyone done the remission of absd? Pls advise what documents are needed to submit online. Thank you.
ReplyDeleteWhat about house insurance?Do we still renew? Thanks.
ReplyDeleteYour decision.
DeleteBlogger - my advice to you is to remove any posting showing lawyer's letters, whether in full or in parts. Such letters are confidential and not meant to be shared with the whole world. There is a disclaimer stating that information in the letter is privileged and confidential. I dont want u to get into trouble for nothing.
ReplyDeleteI rarely even mention the lawyer's name, never mind publishing their stuff....but I have removed the snippets as you advised - just in case. They have probably served their purpose anyway.
DeleteReceived a letter from SLA informing that a caveat had been lodged by SL against my property. Check on URA website TC had been sold at $970M
DeleteYes thats true. Updated info on caveat is also shown in your title deed. Check your “myproperty”.
DeleteHow to move out before 12june if they only give the money after 12june?
ReplyDeleteThat's why most people need to stay till August or Sept soonest to move out.
Deleteif we hand over the keys on 12 june, will IRAS refund our property tax on a prorata basis?
ReplyDelete