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Jmy Kan

Providing a comprehensive suite of services to simplify property transactions for sellers and buyers. From handling paperwork and negotiating deals to guiding you through every step, our focus is on delivering a smooth, efficient experience.

“Artfully uniting extraordinary properties with extraordinary people.”

Looking for a trusted agent who promises:

Results You Can Count On
Going Beyond Your Expectations
Transacting With Ease and Peace of Mind

Let me guide you...

Whether you are a seasoned property buyer/seller or a first-timer, I will evaluate your needs to exceed expectations. From negotiations and sales to contracts and processes, I ensure you are informed and protected every step of the way.

MY MISSION

Engaged in the real estate industry since 2011, my commitment is to fulfill your property needs. My mission is to professionally facilitate your property sale or purchase with a proven and effective Structure Plan.

What You’ll Gain:

Brand Recognition
Peace of Mind
Powerful Marketing
Knowledge
In-Depth Experience
Personal Service
Team Strength
Expertise
Results

Allow me to share my Mission and Structure Plan with you.

| Rgds, Jmy |

| CEA R042974D |

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Floor Rate	Banks
4.65%	DBS CITI
4.70%	CIMB OCBC
4.75%	MAYBANK STANCHRT UOB HSBC

Effective Date	Major Cooling Measures
27 April 2023	1. ABSD rates for Singaporeans increased from 17% to 20% for purchasing their second residential property and from 25% to 30% for third and subsequent properties; ABSD rates for SPRs increased from 25% to 30% for purchasing their second residential property and from 30% to 35% for third and subsequent properties; ABSD rates for Singaporeans and SPRs purchasing their first residential property will remain unchanged at 0% and 5% respectively; ABSD rates for foreigners increased from 30% to 60% for the purchase of any residential property.
15 February 2023	1. BSD rates increased for higher-value properties; the portion of a property's value in excess of S$1.5 million and up to S$3 million will be taxed at 5%, while those in excess of S$3 million will be taxed at 6%.
30 September 2022	1. Higher medium-term interest rate floor for bank and HDB housing loan eligibility. From 30 September 2022, banks will calculate applicants' TDSR and MSR from a new medium-term interest rate - such as the higher 4% per annum floor or thereafter interest rate (for residential property purchase loans and mortgage equity withdrawal). For housing loans granted by HDB, HDB will introduce an interest rate floor of 3% for computing eligible loan amounts. 2. Lowered LTV limit for HDB-granted loans from 85% to 80%. 3. 15-month wait for Private Property Owners (below 55 years old) buying non-subsidised HDB resale flat.
16 December 2021	1. ABSD rates for Singaporeans and SPRs purchasing their first residential property will remain unchanged at 0% and 5% respectively; For foreigners, their ABSD will be 30% for the purchase of any residential property; The rates for Singaporeans and SPRs buying their second and subsequent properties will be raised by 5% and 10% respectively while that for corporate entities will be increased by 10%. 2. Tightened Total Debt Servicing Ratio (TDSR) threshold from 60% to 55%. 3. Reduced LTV limit for HDB-granted loans from 90% to 85%.
06 July 2018	1. ABSD rates for Singaporeans and SPRs purchasing their first residential property will remain unchanged but their second and subsequent properties will be raised by 5%. Foreigners have to pay 5% more now which makes it 20% for any property purchase. For corporate entities, the rates increased by 10% and there's a new, non-remittable 5% ABSD for developers. 2. LTV limits tightened by 5% for all housing loans granted by financial institutions.
11 March 2017	1. Seller Stamp Duty (SSD) reduced by 4% for each tier. With this change, SSD will only apply to properties sold within 3 years of purchase, down from 4 years previously. 2. TDSR will not apply to mortgage equity withdrawal loans with Loan-to-Value (LTV) ratio equal or below 50%. 3. Introduced Additional Conveyance Duties (ACD) for Property Holding Equity (PHE). ACD plugs a loophole which exempted companies from paying ABSD and BSD in the past. A PHE is a company whose primary (i.e., > 50%) tangible assets are Singapore residential properties.
9 December 2013	1. Reduction of Cancellation Fees From 20% to 5% for Executive Condominiums. 2. Resale Levy for Second-Timer Applicants - Formerly second timers are not required to pay a levy. This is applicable to only new EC land sales which are launched on or after 9th December 2013. 3. Revision of Mortgage Loan Terms - The MSR cap will apply to EC purchases from 10th December 2013 onwards.
27 August 2013	1. Singapore Permanent Resident Households need to wait three years from the date of obtaining SPR status, before they can buy a resale HDB flat. 2. Maximum tenure for HDB housing loans is reduced from 30 years to 25 years. The Mortgage Servicing Ratio (MSR) limit is reduced from 35% to 30% of the borrower's gross monthly income. 3. Maximum tenure of new housing loans and re-financing facilities granted by financial institutions for the purchase of HDB flats (including DBSS flats) is reduced from 35 years to 30 years. News loans with tenure exceeding 25 years and up to 30 years will be subject to tighter LTV limits.
29 June 2013	1. TDSR*: Financial institutions are required to consider borrowers' other outgoing debt obligations when granting property loans. His total monthly repayments of his debt obligations should not exceed 60 per cent of his gross monthly income. 2. In particular, MAS requires: -borrowers named on a property loan to be the mortgagors of the residential property for which the loan is taken; -"guarantors" who are standing guarantee for borrowers otherwise assessed by the financial institutions at the point of application for the housing loan not to meet the TDSR threshold for a property loan to be brought in as co-borrowers; and -in the case of joint borrowers, that financial institutions use the income-weighted average age of borrowers when applying the rules on loan tenure.
12 January 2013	1. ABSD: Citizens pay 7/10% on second/third purchase (from 0/3%); Permanent Residents (PR) pay 5/10% for first/second purchase (from 0/3%); foreigners and non-individuals now pay 15%. 2. LTV for second/third loan now 50/40% from 60%; non-individuals' LTV now 20% (from 40%). 3. Mortgage Servicing Ratio (MSR) for HDB loans now capped at 35% of gross monthly income (from 40%); MSR for loans from financial institutions capped at 30%. 4. PRs no longer allowed to rent out entire HDB flat.
6 October 2012	1. Mortgage tenures capped at a maximum of 35 years. 2. For loans longer than 30 years or for loans that extend beyond retirement age of 65 years: LTV lowered to 60% for first mortgage and to 40% for second and subsequent mortgages. 3. LTV for non-individuals lowered to 40%.
8 December 2011	1. ABSD introduced for further cooling measures: -Foreigners and non-individuals pay 10%, PRs buying second and subsequent property pay 3%, Singaporeans buying third and subsequent property pay 3%. 2. Developers purchasing more than four residential units and following through on intention to develop residential properties for sale would be waived ABSD -To qualify, developers have to produce proof of development and sale within five years.
14 January 2011	1. Holding period for imposition of SSD increased to four years from three. 2. SSD rates raised to 16%, 12%, 8% and 4% of consideration. 3. LTV lowered to 60% from 70% for second property. 4. LTV for non-individual residential purchasers capped at 50%.
30 August 2010	1. Holding period for imposition of SSD increased to three years from one. 2. Minimum cash payments raised to 10% from 5% for buyers with one or more outstanding housing loans. 3. LTV lowered to 70% from 80% for second properties.
20 February 2010	1. Introduction of SSD for residential property and land sold within one year of purchase. 2. LTV lowered to 80% from 90% on all housing loans except HDB loans.
14 September 2009	1. Interest absorption scheme (deferment of instalments until TOP) and interest-only housing loans (interest payment only until TOP) were scrapped for all private properties.

Singapore Housing Index <> Interest Rate

Singapore Housing Index <> Inflation Rate

Singapore Housing Index <> GDP

Singapore Housing Index <> STI

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