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Category Archives: Buying Tips

7 Frequently Overlooked Questions That New Condo Buyer...

TLDR Newly launched condominium buyers face uncertainties about price changes, proximity to schools, construction methods, maintenance costs, elevator availability, commercial management, and waste disposal systems. Understanding these factors can impact investment decisions significantly. The issue with newly launched condominiums is that you’re largely buying into an idea, not a tangible product. Instead of concrete walls you can knock on, you’re investing based on promotional …

Is the Singapore Property Market Set for a Dip in 2024...

TLDR The Singapore property market is experiencing shifts with Morgan Stanley adjusting its outlook on major developers. A forecast predicts a 3% drop in housing prices in 2024 due to various factors. Massive developments completed in 2023 have impacted property prices, averaging between $2,100 to $2,300 per square foot. Challenges include HDB owners hesitating to upgrade and the high cost of new properties. The …

3 Steps to Prevent Rental Scams

TLDR: Prevent Rental Scams in Real Estate Scammers are targeting prospective tenants by impersonating Real Estate Salespersons (RES) to deceive victims into making payments for deposits. To avoid falling victim to such scams, consumers should follow three crucial steps: Verify CEA Registration: Ensure that the RES’s CEA registration matches the CEA’s registry. Check Contact Details: Confirm that the RES’s contact number is registered with …

2024 Will Be A Buyers Market

TLDR 2023 saw a roller-coaster ride in the real estate market, with various challenges like high interest rates and geopolitical uncertainties. Despite this, market confidence remains steady, and 2024 is predicted to see a modest increase in private housing prices. Developers are adjusting their strategies to navigate the market landscape, focusing on early sales milestones and market-sensitive pricing. For buyers in 2024, understanding their …

The Sneaky Role of Property Appraisals in Shaping Sing...

TLDR When it comes to the real estate market in Singapore, understanding property valuations and the impact on mortgage loans is crucial. Property valuations can be subjective, influenced by recent transactions and bank valuations. Higher valuations can lead to higher loan amounts but also impact property prices. It’s essential to consider the implications of accepting a higher valuation, including increased interest rates and stamp …

I Regret Buying A DBSS: 5 Homeowners Share Their Bigge...

TLDR Singapore’s DBSS scheme faced challenges such as design flaws, developer responsiveness issues, and restrictions on selling. Residents reported various grievances like cramped spaces, visibility concerns, and renovation quality. Despite these drawbacks, DBSS flats remain popular due to their location and market demand. Prospective buyers should consider these factors before purchasing a DBSS flat. Launched in 2005 but canned in 2011, folks still chat …

Singapore’s HDB Projects: From Unique Landmarks ...

Take a look at this chill spot in Yew Tee. Someone’s gone all out to make it feel like an old-school kampung. It’s all natural, no town council planning involved. It’s simply a place where folks come together. But as you might guess, they’ve been told to pack up and leave. Now, they aren’t trying to shut down the hangout completely. They just want …

Simplified Guide to Buying Landed Property in Singapor...

TLDR When considering buying a landed property in Singapore, you have options like terrace homes, semi-detached houses, and bungalows. Understanding the different types and their unique characteristics is essential before making a purchase. Prices vary significantly, with terrace homes starting around $4 million, semi-detached houses over $5 million, and bungalows around $11 million. Factors like location within Singapore can also impact pricing. Financing options …

Debunked! 6 Popular Property Myths of 2023, Including ...

TLDR This blog post delves into various aspects of the Singapore property market, including topics such as decoupling, 99-1 property deals, lease timing, Executive Condominiums (ECs), fixed-rate home loans, reversionary leases, and mixed-use versus integrated developments. It also provides insights on buying, selling, and investing in real estate in Singapore. The post aims to clarify common misconceptions and offer practical advice for navigating the …

Singapore Homes Prices Falling? Is This The Beginning ...

TLDR The Singapore property market has seen a slight dip in private home prices after a significant increase over the past three years. Factors such as project delays, work-from-home trends, low-interest rates until 2022, and global uncertainties have been influencing prices. Rental prices have shown a slower growth rate recently, with easing momentum in various market segments. Government measures like increased stamp duty for …

Decoding the HDB Classification: The New Prime, Plus &...

TLDR The National Day Rally 2023 introduced a new classification for HDB flats, replacing the old ‘mature versus non-mature estates’ system with ‘prime, plus, and standard’ categories. Changes include longer minimum stay periods for ‘plus’ and ‘prime’ flats, impacting resale rules and eligibility criteria. The revamped system aims to discourage property speculation and prioritize genuine homeowners. The extended 10-year Minimum Occupation Period (MOP) may …

2024 Residential Property Market Outlook

TLDR The market outlook for 2024 suggests continued uncertainties affecting housing demand and risk appetite due to geopolitical tensions, macroeconomic headwinds, and high interest rates. Property cooling measures have slowed price growth, with developers relying more on the local market. HDB resale prices are projected to climb at a more measured pace in 2024. Opportunities in the private residential sector include potential opportunistic buys, …

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