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Three Singaporeans Share Their Experiences of Co-Owning a Property with Friends
TLDR In Singapore, some individuals venture into property investments with unrelated partners, driven by opportunities and personal circumstances. Jim, leaving finance during the 2009 crisis, invested in real estate with...
Is it Better to Sell Your Newly Launched Condo Before or After Completion? Here’s What the Statistics Indicate
TLDR Determining the best time to sell a newly launched condo involves weighing the benefits of selling before or after the project's completion. Selling early can lead to quicker profits...
The Importance of Caution Regarding Property Oversupply in Singapore
TLDR Recent challenges in China's real estate sector reveal valuable lessons for Singaporeans, emphasizing the importance of understanding governmental interventions in property markets. While China's cultural preference for home ownership...
Is Lifelong Renting a Viable Option in Singapore?
TLDR In Singapore, while the majority aspire to own homes, a small segment opts for lifelong renting, driven by personal preference or necessity. Lifelong renters enjoy freedom of mobility, superior...
Property Unpacked: Is GLS Impacting Property Values?
TLDR The Government Land Sales (GLS) program in Singapore is critical for developers to obtain development land, with sites released biannually. The Urban Redevelopment Authority (URA) manages non-industrial land sales,...
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Category Archives: Buying Tips
5 Must-Know Questions Before Investing in Real Estate
TLDR When considering whether to buy a new development or a resale property, it can be challenging. In the blog post mentioned, various aspects of investing in condos in Singapore are discussed, covering topics such as leasehold versus freehold. It provides insights into the real estate market in Bedok, Changi, Pasir Ris, and Tampines in 2023, along with considerations for purchasing a condo despite …
6 Essential Factors HDB Upgraders Should Be Aware Of B...
TLDR When upgrading your property, consider factors like rental rates, Buyer’s Stamp Duty adjustments, higher interest rates for bank loans, potential pool of buyers for your flat, obtaining home loans (75% max), CPF restrictions, HDB upgrading levy, ABSD implications, condo maintenance fees, and timeline for moving and renovation. Be aware of CPF refund requirements, ABSD charges for second properties, and condo maintenance fee calculations …
The 5 Most Common Mistakes First-Time Buyers Make (And...
The 5 Most Common Mistakes First-Time Buyers Make (And How to Avoid Them) Here are the 5 most common mistakes first-time buyers make and how to avoid them 1. Not doing enough research: It is important for first-time buyers to thoroughly research the real estate market in Singapore before making a purchase. This includes understanding the various property types and locations available, as well …
5 Things to Know About Singapore’s Freehold ...
5 Things to Know About Singapore’s Freehold & Leasehold Properties Here are 5 things you need to know about Singapore’s freehold and leasehold properties. 1. Freehold properties in Singapore refer to properties that are owned outright by the owner, with no expiration date on the ownership. This means that the owner has the right to use and dispose of the property as they see …
5 Things to do When You Go For A Property Viewing In S...
5 Things to do When You Go For A Property Viewing In Singapore Part 2 Here are 5 more things to keep in mind when you go for a property viewing in Singapore. 1. Consider the location: The location of a property is an important factor to consider when buying or renting. During the viewing, take some time to explore the surrounding area and …
5 Things to do When You Go For A Property Viewing In S...
5 Things to do When You Go For A Property Viewing In Singapore Here are 5 things to keep in mind when you go for a property viewing in Singapore. 1. Research the property beforehand: Before attending a property viewing, it can be helpful to gather as much information about the property as possible. This may include looking at listings online, checking out the …
Explore the Benefits and Drawbacks of Holding an Open ...
TLDR An open house is a valuable opportunity for sellers to showcase their home to potential buyers without pressure. It can generate high foot and online traffic, creating a competitive atmosphere that may lead to a higher sale price. However, it also comes with drawbacks such as attracting unqualified buyers and posing security risks. Proper planning and screening of visitors are crucial to reap …
What’s The Difference Between An Offer To Purcha...
TLDR Understanding the crucial difference between an Offer to Purchase and an Option to Purchase (OTP) is vital when buying a property. An Offer to Purchase is a non-legally binding document where a potential buyer expresses interest in acquiring a property. It includes essential details like the property address, offered price, and option period. On the other hand, an OTP is a legally binding …
Learn the Essentials of Renting Property in Singapore ...
TLDR Renting in Singapore offers various options for foreigners, such as HDBs, Condos, and even unique properties like heritage homes. Foreigners must provide valid documents and follow a typical rental process involving a Letter of Intent, security deposit, and tenant’s requirements. Understanding diplomatic clauses and the 30-day problem-free period is crucial. Overall, Singapore’s well-established Real Estate sector provides a safe and structured environment for …
5 Facilities Selling Points Condo Sellers Should Empha...
TLDR When selling a condo, focusing on highlighting key facilities like gyms, swimming pools, family-friendly amenities, community gardens, and clubhouse facilities can significantly attract potential buyers. These features add value to the property and cater to different buyer preferences, such as fitness enthusiasts, families with children, and those seeking community engagement. By emphasizing these facilities in property listings, sellers can differentiate their condos and …
A Beginner’s Guide to Homebuying: How to Choose ...
TLDR When considering property investments, understanding your motives is crucial. Factors like accessibility to amenities, remaining lease, transaction history, rentability, rental yield, and layout play significant roles in decision-making. Proximity to MRT stations can impact rentability but doesn’t always guarantee higher returns. Assessing amenities within a kilometer radius is essential, considering both benefits and drawbacks. Beware of lease decay in older properties and review …
Discover the Benefits of a SORA Home Loan in 2023: Why...
TLDR The article discusses the transition from SIBOR and SOR to SORA as the new benchmark rate in Singapore’s banking system. It explains the significance of SORA, its calculation, and the advantages of opting for a SORA home loan. The TLDR also touches on the differences between 1M SORA and 3M SORA packages, the benefits of a floating rate home loan, and the reasons …
