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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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Category Archives: Blog Posts
Avoid These 6 Terrible Property “Tips” in ...
TLDR When it comes to property advice, it’s crucial to be cautious of common misconceptions. For instance, schemes like the Progressive Payment Scheme and Deferred Payment Scheme may not necessarily make properties more affordable in the long run. Additionally, proximity to amenities may increase rentability but not always rental yield. Investing in a shoebox property early on can have its pitfalls, especially if relying …
Downsizing From A Spacious 4-Bedroom Condo To A Cozy 2...
TLDR Mdm Sim’s decision to trade her four-bedroom house for a two-bedroom condo is explored, highlighting the benefits of right-sizing. The key motivating factors include financial stability, access to amenities for a vibrant social life, legacy planning considerations, and avoiding lengthy wait-out periods. The move to a smaller condo provides Mdm Sim with greater financial peace of mind, enhanced social opportunities, and a strategic …
Should You Be Upgrading To A Condo In 2023?
TLDR The 2022/23 property market is experiencing high prices, making it challenging for individuals to decide whether to upgrade their homes. While selling your flat could yield record-breaking rewards, be prepared for equally high prices when purchasing a condo. Factors to consider before upgrading include savings to weather economic turbulence, impact of new interest rate floors on loan eligibility, stability of HDB loans, and …
5 Disastrous Property Transaction Nightmares (and How ...
TLDR When attempting to sell your property, various worst-case scenarios can hinder the sale process significantly. These scenarios include buyers backing out due to financial issues, negative sales leading to bank intervention, depleted CPF resulting in negative cash proceeds, buyers attempting to avoid agent commissions, and unexpected property changes during the transaction. To navigate these challenges successfully, sellers should be proactive, transparent, and seek …
SP Utilities Guide – Quick Guide To Setting Up Utiliti...
TLDR Setting up utilities in Singapore for a new home is hassle-free. Contact SP Services for electricity and water accounts, then City Energy for gas. HDB flat owners need no appointment. To switch providers, contact your retailer. Use SP Utilities App or portal to open an account and pay a security deposit. Pay bills conveniently through various methods. Allow two weeks for utilities setup, …
Discover How The CPF Accrued Interest Can Impact Your ...
Singaporeans are renowned for being smart and savvy – especially when it comes to selling their homes, whether it’s an HDB flat or condo. For the most part, we prefer to receive the sale proceeds in cash, rather than having it go into our Central Provident Fund (CPF) accounts. In this article, we’ll provide an insight into the amount of money that needs to …
Discover 7 Reasons to Sell and Right-Size Your Propert...
TLDR The increasing trend of right-sizing properties in Singapore is driven by various factors such as lifestyle changes, financial gains, practicality, location preferences, investment opportunities, lease considerations, and preemptive measures. Homeowners are downsizing to better suit their evolving needs and circumstances, whether it be for convenience, financial benefits, or to capitalize on market conditions. Making informed decisions based on individual situations and market insights …
How Will Singapore’s Development Influence The R...
TLDR You will find detailed insights into upcoming housing developments in the East of Singapore, specifically in areas like Bayshore, Pasir Ris, Tampines, and Changi. Highlighting key projects such as Bayshore Housing Precinct, Housing By The Park in Pasir Ris, new housing estates in Tampines, and the expansion plans in Changi East, the post delves into the future prospects of these regions. Additionally, it …
When a Property Seller Pulls Out of the Deal : What No...
TLDR When a property deal is not yet formalized, sellers can withdraw without consequences. However, once an Option to Purchase (OTP) is issued and exercised, a binding contract is formed. Sellers typically cannot back out at this stage, while buyers may forfeit deposits if they withdraw. To safeguard against unreliable sellers, understand their motives, assess responsiveness to deadlines, scrutinize contracts before signing, maintain a …
6 Essential Tips for Singaporean New Homebuyers
TLDR Best practices for first-time homebuyers, the key points include setting clear and detailed goals, planning a realistic housing budget, keeping a savings buffer, researching property prices, carefully considering bank loan packages, and knowing when to seek advice. These practices aim to guide new buyers in making informed decisions, avoiding common mistakes, and securing their financial future in the property market. As a first-time …
Which Is Better For You: A 99-Year Leasehold Or Freeho...
TLDR When it comes to the choice between leasehold and freehold properties in Singapore, several factors must be considered. Leasehold properties are typically cheaper, offer higher rental yields, and can be appreciating investments, while freehold properties provide a sense of legacy and stability. The location and amenities of the property, developer reputation, future developments, and market trends also play crucial roles in decision-making. Understanding …
Exploring the Resale Condo Market? Here’s What t...
TLDR The impact of COVID-19 on Singapore’s real estate market has been significant, leading to a surge in demand for resale condo units. When considering buying a resale property, focus on the surroundings, amenities, and sheltered walkways for convenience and tenant appeal. Assess the building’s condition, including landscaping, poolside, and carparks, to ensure proper maintenance. Inspect the unit for flooring, walls, ceiling, and signs …
