Jack Aw Realtor Singapore Property, Real Estate, Home, House for Sale, Buy, Lease, Rent, Listing

"Abut " In property law, when two parcels abut it means they are adjoining, adjacent or meeting to each other and against each others' borders.

“Citizen” or “Citizen of Singapore” means any person who, under the provisions of the Constitution of the Republic of Singapore, has the status of a citizen of Singapore.

"Controller of Residential Property" means the Controller of Residential Property and includes a Deputy and an Assistant Controller of Residential Property appointed under section 29 of RESIDENTIAL PROPERTY ACT.

"Converted entity" , in relation to sections 9 and 26 of RESIDENTIAL PROPERTY ACT, means a converted foreign company, converted foreign limited liability partnership or converted society;

"Conveyance" includes assignment, appointment, lease, settlement and other assurance made by deed on a sale, mortgage, demise or settlement of any property, and on any other dealing with or for any property; and “convey” has a corresponding meaning;

"Dwelling-house" includes any building or tenement, or any part thereof, which is used, constructed or adapted for use for human habitation;

"Employment Pass Eligibility Certificate (EPEC)" The EPEC allows foreigners to stay in Singapore for up to one year to facilitate their job search in Singapore. Successful EPEC applicants are required to apply for a one-year Visit Pass from the Immigration and Checkpoint Authority (ICA) to allow them to stay in Singapore.

"Estate agents" means estate agency businesses (sole proprietors, partnerships, and companies)

“Flat” means a horizontal stratum of any building or part thereof, whether such stratum is on one or more levels or is partially or wholly below the surface of the ground, which is used or intended to be used as a complete and separate unit for the purpose of habitation or business or for any other purpose, and which may be comprised in a “lot”, or in part of any “subdivided building” not shown in a registered “strata title plan” (the last 3 expressions within quotation marks having the same meanings as in the Land Titles (Strata) Act (Cap. 158));

"Incumbrance" includes a mortgage in fee or for a less estate, and a trust for securing money, and a lien and a charge of a portion, annuity or other capital or annual sum; and “incumbrancer” has a corresponding meaning, and includes every person entitled to the benefit of an incumbrance, or to require payment or discharge thereof;

"Integrated Resorts (IR)" The Integrated Resorts is similar to major resorts in places such as the Bahamas and Las Vegas, the Integrated Resorts in Singapore are envisaged to be distinctive world-class developments with a comprehensive range of amenities such as hotels, convention facilities, entertainment shows, theme attractions, luxury retail, fine dining and casino gaming. Currently, they are two IR in Singapore Marina Bay Sands (MBS) and Resort World Sentosa (RWS).

"Land" includes land freehold and leasehold, or of whatever tenure, and tenements and hereditaments, corporeal or incorporeal, and houses and other buildings, and also an undivided share in land;

"Limited liability partnership" means any limited liability partnership, whether registered in Singapore under the Limited Liability Partnerships Act (Cap. 163A) or otherwise;

"Mean average of 2 valuations" means the sum of any 2 specified valuations divided by 2;

"mortgage" includes every instrument creating a mortgage or charge on land or a transfer of a mortgage or a sub-mortgage;

"Mortgage money" means money or money’s worth secured by a mortgage;

"Mortgagee" includes any person from time to time deriving title under the original mortgagee;

"Mortgagee in possession" is a mortgagee who in right of the mortgage has entered into and is in possession of the mortgaged property;

"Mortgagor" includes any person from time to time deriving title under the original mortgagor, or entitled to redeem a mortgage according to his estate, interest or right in the mortgaged property;

"Owner" , in relation to any residential property, means a person other than the mortgagee or chargee not in possession, who is for the time being entitled to dispose of the freehold of any residential property whether in possession or reversion, or who holds under a leasehold or is entitled to the rents and profits of the residential property;

"Partner" , in relation to a limited liability partnership, means any person who has been admitted as a partner in the limited liability partnership in accordance with the agreement expressed or implied between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to the limited liability partnership;

"Personalised Employment Pass (PEP)" The Personalised Employment Pass (PEP) is for certain group of existing Employment Pass holders and overseas foreign professionals. Unlike an Employment Pass, which must be cancelled when the pass holder leaves the employer, the PEP is not tied to the employer and is granted on the strength of the applicant’s merit. A PEP holder can remain in Singapore for up to six months between jobs to evaluate new employment opportunities

"Property" includes real and personal property and any estate in any property, real or personal, and any debt and any thing in action, and any other right or interest in the nature of property, whether in possession or not;

"Purchaser" includes a lessee or mortgagee and an intending purchaser, lessee or mortgagee or other person who for valuable consideration takes or deals for any property; and “purchase” has a corresponding meaning; but “sale” means only a sale properly so called;

"Rent" includes yearly or other rent, toll, duty, royalty or other reservation by the area, quantity, weight or otherwise;

"Salespersons" means individuals who perform estate agency work

"Securities" includes stocks, funds and shares;