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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
I Bought a Mega-Home : Hear 7 Homeowners Spill their H...
TLDR The article discusses various challenges faced by residents living in massive condo complexes in Singapore. From long elevator wait times and overcrowded facilities to parking issues and noise disturbances, residents share their experiences. The post highlights the importance of considering factors like layout, amenities, and community events when choosing a property. It also touches upon the impact of such developments on residents’ daily …
Apply Your HDB HFE Letter in 5 Easy Steps: A Simplifie...
TLDR The HDB Flat Eligibility (HFE) letter has experienced delays since its introduction alongside the HDB Flat Portal in May 2023. This letter is crucial for determining eligibility to purchase an HDB flat, CPF housing grant eligibility, and HDB loan qualification. First-time homebuyers can benefit significantly from this streamlined process. If you applied for an HDB flat before May 9, 2023, you need an …
Ouch! Our $1.8 Million Condo Investment Blunder: Unpac...
TLDR The blog post delves into the complexities of real estate investments using Bob’s experiences as examples. It highlights the importance of considering factors beyond location, such as rental yield vs. demand, maintenance costs, property size, and future prospects. Bob’s missteps with rental income, MRT station hype, high maintenance fees, and overlooking essential details serve as cautionary tales. The post also warns newbie investors …
Should You Splash Your Cash on a Condo Despite the Sky...
TLDR The blog post discusses various aspects of investing in condos in Singapore, covering topics such as leasehold versus freehold properties, rental yields, property values, and factors affecting investment decisions. It emphasizes the importance of considering specific projects rather than general property types. Additionally, it provides insights on hidden expenses, market trends, and tips for property buyers. The post offers strategic real estate advice, …
Are Early Bird Discounts At New Launches Genuine Or A ...
TLDR When considering investing in new property projects, understanding developers’ pricing strategies is crucial. Early bird discounts are not just sales tactics; they help developers manage risks and maintain profits. Developers aim to sell all units within 5 years to avoid extra charges like ABSD and QC extension fees. Pricing stages progress from the primary launch to post-launch and TOP phases. The initial low …
Dual-Key Condo: Analysing The Pros And Cons
TLDR for “Dual-Key Condo: Analysing The Pros And Cons” When considering dual-key condo units, it’s important to weigh the advantages and disadvantages. These units offer the benefit of no ABSD payable, privacy when renting out, and potentially higher rental yields. However, they can be more expensive per square foot, challenging to sell, and may not be suitable for a home office. Ultimately, the decision …
What Factors Contribute To Singapore’s Real Esta...
TLDR The Singaporean real estate market has remained stable due to government cooling measures. These include Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD) to regulate demand and curb speculation. Measures like Total Debt Servicing Ratio (TDSR) and Loan-to-Value (LTV) ratios protect buyers from overstretching financially. Public housing through HDB and CPF schemes ensures high home ownership rates and steady prices. These …
What Is Cash Over Valuation in HDB (COV)
TLDR Cash Over Valuation (COV) in HDB resale flats occurs when the purchase price exceeds HDB’s valuation. COV cannot be covered by loans or CPF funds and must be paid in cash. Factors influencing COV include location, amenities, flat condition, and buyer’s urgency. HDB stopped publishing valuations in 2014, leading to a decline in COV cases. COV impacts stamp duty calculations. Buyers and sellers …
How Much You Need to Earn to Afford a Condo 2023
TLDR When considering investing in a private property in Singapore, it’s important to understand your borrowing capacity. Financial experts recommend that your monthly mortgage repayment should not exceed 30% of your gross monthly income. To determine the estimated monthly income needed to buy a new condo, factors such as location and type of property must be considered. Median income figures from the Ministry of …
A Guide to Purchasing a New Launch Condo in Singapore ...
TLDR When buying a new launch condo in Singapore, start by planning your finances to determine loan and property limits. Shortlist condos based on factors like location, unit size, facilities, and market trends. Pay a 5% deposit, sign the Option to Purchase, engage a solicitor, and pay Buyer’s Stamp Duty. Make payments progressively up to completion. Finally, collect your keys post-TOP. Remember to follow …
What Is The Best Location To Purchase A House To Ensur...
TLDR Parents often seek homes within 1km of desired primary schools to increase enrollment chances. Consider oversubscription rates and population density. Properties near popular schools like Anglo-Chinese School (Junior) and Anglo-Chinese School (Primary) have seen price increases. Fairfield Methodist School (Primary) area lacks residential developments, leading to high property prices. Raffles Girls’ Primary School and Singapore Chinese Girls’ Primary School have also experienced price …
What Are The Key Factors That Contribute To Property V...
TLDR Understanding property valuations is crucial for both buyers and sellers in the real estate market. Property valuations involve two types: indicative and actual, conducted by licensed appraisers. Factors affecting property valuation include land value, property characteristics, rental incomes, and potential for redevelopment. Valuations impact loan amounts, taxes, and property decisions for buyers. Sellers benefit from accurate valuations in pricing their properties and supporting …
