In today’s world, it is the wish of every property owner to make sure that their real estate is protected in every way possible. I am sure you want this too for your asset. You must be aware that real estate is not an asset that you can carry around with you and move it from one location to another. It is a fixed property and as such, you have to make sure that you protect your asset in the best possible way.
You need to understand that real estate property is not without risk. When you own it, you have to worry about lawsuits because it is not uncommon for property owners to be filed with lawsuits. Think about this, if a person gets hurt of killed because of your property then his or her loved ones may file a lawsuit against you. When they know who the owner of the property, they will possibly sue you.
One of the biggest mistakes that a property makes is to buy a property in his own name. This is because your name can be found in the public record. When your name is on the record then any person can easily find out the value that you have determined for your property and with the figure that they have obtained, this person can just deduct the amount that you owe and find out how much exactly the property is worth. If you are planning to sell the property for a higher price then you may not be able to do so when this happens.
If you are planning to buy or sell a real estate property in Singapore, then it is always better to use the name of a company instead of your own name. This is, provided; you have your own company.
On the other hand, if you are a Singapore real estate property owner and you have rented out your properties to other for rent then it is not recommended that you register the name of the owner as your company because while your company can protect the assets by not giving out the name of the owner, it will also depreciate the value of the properties that you own. This is because the company’s tax returns are different from that of individual’s.
So if you have any question about protection of assets, you can get in touch with us and we will get back to you as soon as possible.
Mindy Yong 杨雯诗
CEA Registration Number : R021232Z
(+65) 91002985
mindy@mindyyong.com
KF Property Network Pte Ltd
CEA Licence Number : L3008430D
