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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...
Should You Keep Your Resale HDB Flat When Buying a Private Property? 5 Key Factors to Consider
TLDR In Singapore, owning both an HDB flat and a private property has become complicated due to factors like Additional Buyer’s Stamp Duty (ABSD) and high down payments. Keeping a...
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Category Archives: Selling Tips
6 Indicators and Measures to Determine if Your Home Ha...
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 neighborhood and frequent flyers from real estate agents. To evaluate potential gains, check recent transactions of similar properties using HDB or URA services. Consider both the property’s appreciation and expenses incurred over ownership (e.g., …
3 Errors to Steer Clear of When Transitioning from Pri...
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 arranging short-term housing and misunderstanding loan and grant eligibility. Temporary accommodation options include renting, co-living, or staying with relatives. Private property owners must wait 15 months before buying an HDB resale flat and may …
Should You Keep Your Resale HDB Flat When Buying a Pri...
TLDR In Singapore, owning both an HDB flat and a private property has become complicated due to factors like Additional Buyer’s Stamp Duty (ABSD) and high down payments. Keeping a flat while buying a private property is subject to citizenship and property acquisition order. ABSD rates, rental income, property appreciation, and maintenance costs are essential considerations. The flat’s age affects appreciation and loan value. …
6 Reasons to Think Twice Before Hiring a Friend or Fam...
TLDR In Singapore, hiring a friend or family member as your property agent can be risky. Disclosing sensitive financial details may lead to complications or jealousy. They might not offer top-notch service if they lack experience in your specific needs. Social norms can make it hard to ask critical questions or fire them if needed. Personal relationships can also lead to unprofessional behavior and …
The Hidden Hurdles of Purchasing a BTO Flat in Singapo...
TLDR When contemplating the purchase or sale of a property under the Minimum Occupancy Period (MOP), it’s crucial to consider various factors beyond financial implications. Issues such as potential lease decay, inconvenience in schooling arrangements, problematic neighbors, and superstitions can significantly impact one’s living experience. The MOP may hinder flexibility in responding to unforeseen life changes, such as job relocations, family circumstances, or property-related …
Unpacking Property Ownership: Joint Tenancy vs. Tenanc...
TLDR When a property has multiple owners, the choice of ownership type is crucial to determine how shares are distributed upon a co-owner’s passing. Joint tenancy involves unanimous decisions and automatic transfer of shares to remaining co-owners upon demise. Tenancy-in-common allows independent stakes and share distribution based on investments or Wills. Couples often choose joint tenancy for automatic inheritance, while friends opt for tenancy-in-common …
Learning Hard Truths in Property Investment: Timing th...
TLDR The blog post delves into the complexities of market timing in property investment, highlighting the risks and challenges associated with trying to predict market highs and lows. It emphasizes the importance of adopting a long-term perspective for sustainable success in real estate investment. Strategies focusing on long-term growth, diversification, due diligence, and resilience are recommended over short-term speculative gains. Professional advice, continuous learning, …
3 Winning Strategies for Skyrocketing Your Property Ma...
TLDR In the dynamic property market of Singapore, maximizing profit is key for sellers and investors. Three essential strategies stand out: First-Mover Advantage, where early investment reaps substantial gains; Entry Price, securing a lower price than current value for potential returns; and Exit Strategy, planning for optimal profits upon resale. Real-life examples like Riversails vs. Rio Vista and Kovan Melody vs. Kovan Regency demonstrate …
Should You Purchase a Small Landed Home or a Larger Co...
TLDR When deciding between a compact landed house and a spacious condominium, consider key factors like security, parking, maintenance costs, pest control, customizability, and neighbor situations. Condos generally offer 24/7 security, more predictable maintenance costs, easier pest control, and limited customization options compared to landed properties. Landed homes provide more freedom for modifications but may face higher maintenance costs and neighbor-related challenges. Ultimately, the …
Discover the Optimal Timing to Invest in Singapore Rea...
TLDR When considering the best time to buy or sell a property in Singapore, historical data analysis reveals key insights. Shorter holding periods, influenced by factors like the Total Debt Servicing Ratio (TDSR), can impact profits significantly. Sellers generally come out on top, but market conditions and regulations play crucial roles. With longer holding periods predicted ahead due to market dynamics, strategic real estate …
The Emergence of Million-Dollar HDB Flats in Singapore...
TLDR Understanding the nuances of the HDB property market in Singapore, especially the trend of million-dollar flats, requires a deep dive into historical data and market dynamics. Various factors, such as Mortgage Servicing Ratio (MSR) adjustments and changes in Cash Over Valuation (COV) rates, have influenced the fluctuations in million-dollar flat transactions over the years. The recent surge in million-dollar flat transactions post-COVID can …
Property Market: Buyer’s Paradise or Seller̵...
TLDR The property market in Singapore post-Covid has seen a surge in HDB and private property prices, with a noticeable plateau in resale flat prices. The implementation of Plus and Prime schemes segregates upgraders from non-upgraders, impacting the market dynamics. Amidst speculations of a slowdown in private housing prices, there could be a shift towards more affordable housing options, potentially affecting resale condo demand. …
