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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...
6 Indicators and Measures to Determine if Your Home Has Unrecognized Profits
TLDR The booming real estate market presents opportunities for homeowners to profit from selling their properties. Two key signs that your home could be lucrative are increased interest in your...
3 Errors to Steer Clear of When Transitioning from Private Property to an HDB Flat
TLDR Homeowners may downsize from private properties to HDB flats for various reasons, such as financial benefits and lower maintenance costs. Downsizing can be challenging, with common pitfalls including not...
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Category Archives: Buying Tips
Craving Dream Homes in the Urban Jungle: The Singapore...
TLDR The housing landscape in Singapore reflects evolving aspirations and desires, especially among the younger generation. Owning private property is a significant life goal for many, with economic progress enabling more individuals to consider private housing as their initial purchase. Despite a majority residing in public housing, there has been a gradual shift towards private housing ownership. As property prices rise, meeting housing needs …
Bayshore: Reinventing the Experience of Living by the ...
TLDR When deciding on buying or selling property in Bayshore, consider the recent developments and potential future growth. With a surge in property prices over the past two decades, especially in condos like Bayshore Park, Costa Del Sol, The Bayshore, and The Summit, the area shows promising investment opportunities. The upcoming Bayshore estate, along with long-term projects like “Long Island,” hint at a facelift …
Here Are 6 Interesting Facts About The Minimum Occupat...
TLDR When it comes to understanding the Minimum Occupation Period (MOP) set by the Housing Development Board (HDB) in Singapore, there are several key points to consider before purchasing your HDB flat or Executive Condominium (EC). These include extensions to the MOP when renting out your flat, rules related to the Proximity Housing Grant (PHG) and Married Child Priority Scheme (MCPS), limitations on renting …
Why It’s Not Financially Sensible to Pay Off You...
TLDR When deciding whether to repay your HDB flat loan early, consider the limitations of not being able to obtain a home equity loan and the decreased cash reserve. Repaying early may limit lifestyle flexibility and yield subpar returns compared to potential investments. However, it can provide peace of mind, a guaranteed return, and potential CPF benefits. Ultimately, weigh your unique situation and goals …
Buying a Mega Development Condo? Here are 5 Overlooked...
TLDR In the world of mega-developments, living in a large condo with over 700 units can bring challenges like ongoing renovations, competition in reselling, crowded facilities, transport issues, and potential collective sale difficulties. While these properties offer plush amenities, lower expenses, and green spaces, it’s crucial to consider how these factors may impact your daily life. Agents face tough competition in marketing units, residents …
Is Lentor Mansion: The 5th New Lentor Condo in 2 Years...
TLDR for “Exciting Updates from Lentor Mansion” Lentor Mansion, a new project in the vibrant Lentor region, is set to be expansive, offering 533 units with a focus on practical living space. Developed under new regulations, it ensures efficient use of space. With unit configurations catering to owner-occupiers, the project promises a good balance between unit count and land area. Located in an evolving …
Here’s How Property Data Can Be Misleading: Navi...
TLDR When comparing property prices, discrepancies can arise due to various factors like timing of purchase, scarcity in niche projects, outliers skewing data, historical data distortions, unique features affecting averages, and size variations influencing price per square foot. Consider transaction dates, volumes, and unit specifics for a comprehensive evaluation. Additionally, beware of marketing tactics that may misrepresent price comparisons. Ultimately, individual circumstances and property …
Lessons from the Rollercoaster Ride: Homebuyers Share ...
TLDR The Singapore housing market is a rollercoaster of unpredictable changes. Three homebuyers share their experiences: Tristan waited too long due to cooling measures, Daniel sold too soon and spent years renting, and Steven bought small units too early. It’s hard to give one-size-fits-all advice on buying or selling property. Seek strategic real estate advice and connect with the right buyers for success. The …
Thinking About Investing In An Old Landed Property In ...
TLDR Older properties come with unique challenges due to outdated design elements, potential roofing issues, odd land shapes, basement drawbacks, plumbing concerns, uneven floors, and insect infestations. These issues may require costly repairs and maintenance. When considering buying an old property, ensure thorough inspections and negotiations to address these concerns beforehand. You know, there’s a certain charm in old landed properties, especially if they …
Your Key to a Happy Retirement in Your HDB? Let’...
TLDR The Lease Buyback Scheme (LBS) is gaining traction among older Singaporeans looking to boost their retirement income by selling unused lease years of their HDB flats. Despite initial hesitance, factors such as attachment to familiar surroundings, financial constraints, evolving property market dynamics, and changing perceptions of leaving HDB flats as inheritance are shaping the increasing popularity of LBS. As Singapore’s population ages, self-reliance …
Looking To Buy An Older HDB Flat? Here’s What Yo...
TLDR When considering purchasing an older flat, ensure to thoroughly inspect wet areas for leaks, check balcony conditions, watch out for spalling concrete, inspect windows for maintenance, be cautious of uneven floors and popping tiles, examine the garbage chute in ground-floor units, and check plumbing functionality. Additionally, seek information on past plumbing work from the seller or agent. This checklist will help you make …
Why The URA Master Plan Matters For Your Property̵...
TLDR The URA Master Plan entails significant shifts like the relocation of Paya Lebar Airport or creation of Punggol Digital District, garnering immense media coverage. However, lesser-known changes such as zoning modifications near condos can slip under the radar. Monitoring these changes via URA SPACE and Amendments to Master Plan page is crucial. From adjustments in plot ratios to zoning laws affecting en-bloc prospects …
