香港:怎样才可终止我在物业中的共有权?

Reading Time: 1 minutes分划(partition)是终止物业共有权(co-ownership)的其中一种方法,令每名共有人(co-owner)成为其获分配之土地财产的唯一业主。这与联权共有权(joint tenancy)的划分不同,后者只会令共有人变成分权共有人(tenants in common),但仍然共同拥有物业。分划可以透过自愿签立契据进行;如共有人之间无法达成共识,则可根据香港法例第352章《分划条例》(「该条例」)提出诉讼,要求分划或出售物业。

Having your home en bloc in Singapore?

Reading Time: 3 minutesNumerous successful en bloc sales (collective sales) have been boasted of on newspaper headlines recently.  The common en bloc involves all the units in a condominium (strata-titled development) being sold to a developer and the proceeds being divided amongst the unit owners.[1] During the collective sale, some condominium unit owners (subsidiary proprietors) have been awarded […]

Types of property and home ownership in Singapore

Reading Time: 6 minutesProperty in Singapore is seen as a reliable investment and asset for both locals and foreigners alike. Real estate in Singapore remains relatively affordable compared to other countries and currently, inheritance tax is not payable in Singapore.[1] This article hopes to shed some light on the types of housing available in Singapore as well as […]

How does an escrow account work in Singapore?  

Reading Time: 5 minutesIn Singapore, escrow accounts are used predominantly by solicitors in conveyancing transactions to control the flow of funds during various stages of the transaction. This article will look at the role of escrow accounts in conveyancing and the other purposes escrow accounts can serve. By understanding what the term means, you can better navigate and […]

What are some of the common issues faced by landlords and tenants?

Reading Time: 4 minutesIt is the last month of tenancy – can the Tenant request that the Landlord deduct the rent from the Security Deposit? It is a common request that the Landlord may receive towards the end of the tenancy.  The Landlord must bear in mind that there are a variety of reasons for the collection of […]

enblocsales_asialawnetwork
Building a Sustainable Enbloc Sale Market: Keeping Expectations Realistic

Reading Time: 4 minutesAuthored by Kenneth Szeto and Benjamin Hong of Withers KhattarWong LLP Singapore was gripped with enbloc sale fever in the first half of 2018, a momentum that started gathering since early 2017, beginning with the Shunfu Ville transaction. The period witnessed the successful closing of several big ticket – near billion dollar – deals. We […]

What happens to property that is left out of a will (residuary property)?

Reading Time: 5 minutesWriting a will is vital to ensuring that a person’s property and assets are distributed according to his/her wishes upon death. However, there are times when specific property or assets may be inadvertently left out of one’s will. This may occur, for example, when the person making the will (the “testator”) had not specifically provided […]

performance bonds_asia law network
Building and Construction: How Do Performance Bonds Work?

Reading Time: 4 minutesDid you know that performance bonds date all the way back to 2,750 BC? One might be surprised by the longevity of the performance bond, but this underlines its commercial usefulness, particularly in the context of building and construction. Although it may seem complicated and technical to most people at first blush, the performance bond […]

common terms in sale and purchase agreements_asia law network
Buying a Property in Singapore and unsure of terms?

Reading Time: 7 minutesSingapore has one of the highest home ownership rates globally (about 90% of the population). As such, most Singaporeans will be involved in at least one property transaction in their lifetime. Purchasing or selling a property for the first time can be a daunting experience, especially when one is confronted by the mountain of legal […]

Security of Payment Act: How to Claim Progress Payment for Work Done

Reading Time: 8 minutesIn 2005, the government introduced the Security of Payment Act (SOPA), in a bid to improve cash flow in the construction industry and provide an efficient and low-cost dispute resolution mechanism for payment disputes. This has had significant impacts on construction companies, particularly small and medium-sized companies that need to maintain their cash flow, but […]

A Guide to Sub-Contracts in the Building and Construction Industry

Reading Time: 4 minutesIn 2018, the construction demand in Singapore was projected to increase to up to $31 billion. This growth of the building and construction industry in Singapore is accompanied by an increasing complexity in the design and architecture of the buildings, such as the increasing emphasis on high-rise greenery coverage. This means that it is likely […]