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Judge orders condo owner to restore balcony's design

Judge orders condo owner to restore balcony's design

High Court says renovations breached condo rules, affected building facade's uniformity.

Categories: Headlines
Industrial building's collective sale gets nod from top court

Industrial building's collective sale gets nod from top court

It dismisses unit owner's bid to block deal and finds sale committee did not act in bad faith.

Goodluck Garden gets court's nod for sale despite missteps by committee, advisers

Goodluck Garden gets court's nod for sale despite missteps by committee, advisers

Judge finds 'no bad faith' after considering sale price, which was 12.6% higher than independent valuation.

Regency Villas Title Ltd and others (Respondents/Cross-Appellants) v Diamond Resorts (Europe) Ltd and others (Appellants/Cross-Respondents) [2018] UKSC 57

The Supreme Court granted the Respondents an easement to use of all the sporting and recreational facilities within the Park and ancillary rights and damages relating to use of the easement.

New rules for housing developers to prevent money laundering

New rules for housing developers to prevent money laundering

Housing developers will bear more responsibilities and duties to prevent money laundering and terrorism financing from happening in the real estate sector under a Bill passed in Parliament yesterday.

Categories: Headlines

Developers (Anti-Money Laundering and Terrorism Financing) Bill tabled to implement AML/CFT measures on developers

The Bill seeks to amend the Housing Developers (Control and Licensing) Act and the Sale of Commercial Properties Act to give effect to some recommendations of the FATF regarding AML/CFT.

SLA: Practice Circular No. 3 of 2018

Effective: 02 Oct 2018

Implications arising from “decoupling” a property

In light of the latest revisions to the ABSD regime, joint property owners, in particular spouses, may consider “decoupling” as a solution to manage their stamp duty liabilities arising from the purchase of a 2nd and subsequent residential property.

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