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1.
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Why does the buyer, financial institution or CPF Board lodge a caveat against the property?
(recent update)
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The primary purpose of a caveat is to protect the interest in land claimed by the caveator (whether as "purchaser" when a buyer pays a deposit; as "mortgagee" when the financial institution releases the loan; or as "chargee" when CPF releases CPF funds). It is a precautionary step taken by the caveator pending completion of his transaction.
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2.
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How is land premium payable based on DC rates computed?
(recent update)
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The formula for calculating land premium payable for remnant land based on DC rates1 is:
Land premium = Area of State Land x Master Plan GPR x DC Rate x 5/7 x Leasehold Factor (only applicable for leases that are 99 years or less)
Master Plan Gross Plot Ratio
Identify the Master Plan gross plot ratio and zoning from URA’s Master Plan.
Step by step guide on how to determine applicable DC rate
Step 1 – Determine Geographical Location of Subject Property
Find out from Streetmap
the major roads surrounding the subject property.
Next, identify the geographical sector number of the subject property from URA’s DC Sector Maps
with reference to the major roads.
Step 2
– Determine Use Group of the Subject Property
Identify the use group of the subject property from URA’s Use Group Tables e.g. residential (landed dwelling-house) comes under use group B1.
Step 3
– Determine applicable DC rate for the Subject Property
Determine the applicable DC rate for the subject property from URA’s Table of DC Rates. The DC rate applicable at the date of application will be used e.g. Table of DC rate with effect from 1 Mar 2008 shall apply for applications made between 1 Mar 2008 and 31 Aug 2008.
Once you have selected the appropriate Table of DC rate, match the geographical sector number of the subject property against the use group of the subject property to determine the applicable DC rate.
Leasehold Factor
Where remnant State lands are sold on a leasehold basis less than or equal to 99 years, the premium will be adjusted accordingly using the Leasehold Table.
Please refer to Change in Determination of Land Value for Remnant State Lands for more details.
1
For suitable cases not based on DC rates, the premium payable may be determined using other methods
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3.
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How can I find out whether a plot of remnant land is State or private land?
(recent update)
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You can find out the ownership status of a plot of remnant land via INLIS (Integrated Land Information Services). Alternatively, if you prefer to do a manual search, you can obtain from SLA a survey plan of the land lot(s) concerned and conducting an ownership search at SLA Customer Service Centre, located at 12th storey, 55 Newton Road, #12-01, Revenue House, Singapore 307987.
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4.
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How do I lodge a Notice of Death to inform SLA of the death of a joint owner?
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The Notice of Death is to be lodged together with a Lodgment Form at the Singapore Land Authority, #12-01, No. 55 Newton Road, Revenue House, Singapore 307987 between 8.30 am and 12 noon, Mondays to Fridays.
Please note that the lodgment hours, by law, close at 12 noon sharp. As the peak hour for lodgment is from 11am to 12 noon, it is advisable to file your document before 11 am.
For a soft copy of the Notice of Death form, please click here: Notice of Death
For a sample of the completed form, please click here: Sample .
For a soft copy of the lodgment form, please click here: Lodgment Form.
The Notice of Death has to be filed together with the following documents:
a. Documentary Evidence
You will need to attach one of the following documents to show evidence of the death of your co-owner:
(i) a certified extract of the Death Certificate of the deceased; or
(ii) the original or a certified true copy of the Grant of Probate or Letters of Administration of the estate of the deceased.
b. Certificate of Title or Duplicate Lease
If you have not used your CPF funds or obtained a loan to purchase your property, the Certificate of Title or duplicate Lease will be in your possession and you must forward it with the Notice of Death.
If you have taken a loan from a Bank, finance company or HDB, and you are using funds from your CPF account, your Certificate of Title or duplicate Lease will be held by the Bank, finance company or HDB. You will therefore need to arrange with the respective Bank, finance company or HDB for the release of the Certificate of Title or duplicate Lease to you for the lodgment of the Notice of Death.
Note:
For duplicate Lease held by HDB, HDB will forward it directly to us and collect it after registration.
c. Production Form in accordance with Part 3 Item 19 of the Consolidated Practice Circulars 2003 When the Bank or finance company agrees to release the Certificate of Title or duplicate Lease to you, you are required to obtain a Production Form from them. This form is to be completed by both you and the finance company or the Bank. This form indicates:
(i) that you are allowed to use the Certificate of Title or duplicate Lease for the lodgment of the Notice of Death;
(ii) the party authorised to collect the Certificate of Title or duplicate Lease.
For a sample of the Production Form, please click here.
Important point to note:
If you are only using funds from your CPF account and have NOT taken any loan from a Bank, finance company or HDB, or if you have redeemed your loan, then the Certificate of Title or duplicate Lease will be in your possession.
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5.
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What are remnant lands?
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Remnant lands are small and/or irregularly-shaped plots of land left over after development. They are incapable of independent development by virtue of their size and shape. They however have the potential to enhance the economic value and use of adjoining lands.
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Last Update : 05 January 2009 |
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