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When Should You Consider Lowering the Price of Your Property That Has Been on the Market for Months?
TLDR Selling a property can be challenging without the right price strategy. Adjust your asking price to attract more buyers and avoid long market stays. Overpricing can deter potential buyers,...
UNCOVERING the Secret to Profitable Small Boutique Condos!
TLDR Boutique condos, with fewer than 100 units, are known for price fluctuations due to infrequent transactions and higher upkeep costs. Despite challenges, they attract buyers seeking exclusivity. From 2014...
Can You Still Make Money from Older Freehold Condos in Singapore
TLDR While freehold condos might seem like a solid investment, the rise of new developments and aging buildings cast doubt on their long-term value. Data shows that younger freehold condos...
Methods to Beat ABSD and Own Multiple Properties in 2024 (Updated)
TLDR Navigating the Additional Buyers Stamp Duty (ABSD) in Singapore can be daunting for property investors. To save on ABSD and own multiple properties, consider strategies like joint ownership, decoupling,...
6 Compelling Reasons Why 3-Bedroom Condos Might Shrink Further
TLDR Three-bedroom units in Singapore have significantly downsized from 1,700-1,800 sq. ft. in the 1980s to around 1,000 sq. ft. today. Recent launches show sizes ranging from 893 to 1,302...
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Is 2024 the Perfect Moment to Refinance Your Home Loan...
TLDR The article covers the shift to SORA for home loan rates, urging consideration of refinancing options amidst rising rates. It highlights the impact of elevated rates and floor rates, potential penalties for property sales post-refinancing, and the influence of rising fixed deposit rates on loan costs. The timeline of loan acquisition is emphasized, suggesting staying put if acquired during low-rate periods. Extending the …
Market Mistakes in Property Investment: Key Lessons an...
TLDR In property investment, common mistakes include lack of research, overleveraging, and neglecting due diligence. To succeed, conduct thorough market analysis, balance leveraging, and prioritize due diligence to mitigate risks. Lessons learned emphasize the importance of market analysis, risk management, and solid investment planning. Strategies for success involve leveraging technology for data insights, seeking professional advice for specialized knowledge, and committing to continuous learning …
Will New Launch Condos See a Drop in Prices Soon?
TLDR The real estate market in Singapore is experiencing a trend of lackluster bids for prime properties in various locations. Recent bids for land parcels near Springleaf MRT station and on Zion Road have fallen below predicted price ranges. Factors contributing to this trend include cooling measures, rising construction costs, financing challenges, and global uncertainties. Developers’ reluctance to participate in high-profile locations like River …
Why Some New Condo Releases Outperform Others
TLDR When it comes to the real estate market, familiarity plays a crucial role in the success of larger condo projects like Lentor Mansion, compared to smaller boutique condos. Developers of larger projects have more resources for aggressive marketing, leading to higher awareness and easier sales. In contrast, smaller projects rely more on individual property agents, which can impact sales negatively. Additionally, the practice …
5 Exciting Trends Shaping Singapore’s Property M...
TLDR When it comes to the evolving landscape of property development in Singapore, developers are facing new challenges and opportunities. From maximizing community spaces to the rise of bigger projects and strategic tenant selection in mixed-use condos, the industry is adapting to meet the changing demands of buyers. Efficient layouts, access to multiple train lines, and curated residential offerings are key trends shaping the …
What If Sellers Back Out of a Deal?
TLDR When a seller unexpectedly withdraws from a property transaction before a contract is signed, they are legally allowed to do so. However, once an Option to Purchase (OTP) is issued and exercised, both parties are bound by a contract. If the seller backs out after this stage, legal action can be taken, and the buyer may be entitled to compensation. To protect against …
When to Strike Gold: The Ultimate Guide to Selling You...
TLDR When deciding the best time to sell your property, consider various factors such as market trends, financial goals, and personal circumstances. Setting specific benchmarks for selling, analyzing market conditions, and reacting to government policies are essential. Understanding the competition, timing your sale strategically, and seeking advice from a licensed property agent can optimize your selling process. Remember, the ideal time to sell depends …
Say Goodbye to “Sell One, Buy Two” Approac...
TLDR Summary: The “Sell One, Buy Two” real estate tactic, popularized in 2016-2017, involves selling a property and buying two others to avoid stamp duties. However, its appeal has waned due to increased property prices and regulatory changes like tighter loan rules. The strategy’s viability is questioned, especially for HDB upgraders, as incomes need to meet higher prerequisites. Rental property investment remains viable, but …
3 Exciting Residential Sites Coming Soon!
TLDR The Lion City is undergoing rejuvenation with upcoming developments in coveted areas like Clementi and sites near MRT stations. These locations may see a mix of private residences and HDB flats. One site near Commonwealth MRT station is likely to feature high-density housing, and another near Redhill MRT station offers convenience and amenities. Clementi MRT’s vicinity is bustling with potential for high-density living, …
How Budget 2024 Impacts Singapore Homeowners: Exciting...
TLDR The 2024 Budget introduces changes to property tax bands, aiming to ensure fair taxation based on Annual Value (AV) of homes. Retirees in high-value properties facing financial strain can benefit from interest-free payment plans. ABSD remissions now extend to singles aged 55+ selling old properties to buy cheaper ones. Developers can enjoy ABSD discounts by selling off projects within five years. Young families …
Can You Make the Leap to a Condo Upgrade in 2024?
As the Chinese New Year festivities wind down, folks are once again on the prowl for new homes, and understandably, some are finding the current market a bit mind-boggling. If it’s been a while since you last dipped your toes in the property waters, today’s prices could leave you gobsmacked – with outlying condos clocking in at over $2 million and even traditionally “safe” …
Surprising Prediction: Will Singapore Property Prices ...
TLDR When considering the current real estate market in Singapore, it’s crucial to understand the impact of factors such as interest rates, Additional Buyer’s Stamp Duty (ABSD), and economic uncertainties on property prices. While high-end properties in prime regions may experience a price reduction due to rising interest rates, the potential decrease in foreign investments could be a more significant concern. As economic conditions …
