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6 Hot Property Market Trends in Singapore 2024: What Buyers Should Anticipate

TLDR When diving into Singapore's property market, expect a rollercoaster ride as trends shift drastically in 2024. Landlords and tenants are leveraging higher occupancy limits, while a shift towards variable rate home loans is predicted for late 2024. Aging mixed-use properties are regaining interest, especially...
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Snag a Sentosa Condo for 40% Off? Should You Consider It!
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Snag a Sentosa Condo for 40% Off? Should You Consider It!

TLDR The Residences at W Singapore Sentosa Cove has slashed prices by over 40%, but there are important details to consider. The property has a 99-year lease since 2006 with slow sales and recorded losses. Maintenance fees are high, starting from $1,200 per month. The...
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Pitfalls of Owning a Boutique Condo: 5 Insider Insights You’ll Wish You Knew Earlier
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Pitfalls of Owning a Boutique Condo: 5 Insider Insights You’ll Wish You Knew Earlier

TLDR When considering boutique condos, be mindful of potential drawbacks such as dominating families influencing rules, lack of privacy due to close quarters, high maintenance fees from exclusive management, vulnerability to en-bloc sales, and feelings of being cramped. These factors can impact your living experience...
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Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled
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Craving Dream Homes in the Urban Jungle: The Singaporean Dilemma Unveiled

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...
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Bayshore: Reinventing the Experience of Living by the Beach
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Bayshore: Reinventing the Experience of Living by the Beach

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...
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Here Are 6 Interesting Facts About The Minimum Occupation Period (MOP) That Not Many People Know About In Singapore
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Here Are 6 Interesting Facts About The Minimum Occupation Period (MOP) That Not Many People Know About In Singapore

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...
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Why En Blocs Often Fail to Succeed
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Why En Blocs Often Fail to Succeed

TLDR In this blog post, the focus is on the challenges and complexities of en-bloc transactions in Singapore's property market. It highlights the emotional and financial aspects involved in such negotiations, emphasizing the need for skilled negotiators and the potential obstacles that may hinder a...
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The Lease Buyback Scheme Is A Strategy That Could Help You Retire Comfortably In Your HDB Flat
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The Lease Buyback Scheme Is A Strategy That Could Help You Retire Comfortably In Your HDB Flat

TLDR The Lease Buyback Scheme (LBS) trend among older Singaporeans is slowly gaining momentum, despite initial reluctance. The scheme allows seniors to boost their CPF funds by selling part of their apartment lease without the need to relocate. Challenges such as limited resale options, financial...
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Is Lentor Mansion: The 5th New Lentor Condo in 2 Years Still Worth Your Attention?
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Is Lentor Mansion: The 5th New Lentor Condo in 2 Years Still Worth Your Attention?

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...
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Why Aren’t Spacious, Wallet-Friendly Homes Our Reality Yet?
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Why Aren’t Spacious, Wallet-Friendly Homes Our Reality Yet?

TLDR The article discusses the current housing market in Singapore, focusing on the challenges faced by individuals like Sherlyn Tan and Fatin Zakiah Saiful Imran in purchasing their desired properties. It also touches on the impact of population growth on housing demand and the strategies...
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Why Can’t We Have More Housing Options For Singles?
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Why Can’t We Have More Housing Options For Singles?

TLDR The blog post discusses the evolving regulations for single individuals to purchase public housing in Singapore. It highlights the journey of Lee Siang, a logistics expert, who faced restrictions due to age limitations but is now considering buying a four-room HDB flat. The post...
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Why Can’t More People Own Private Property?
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Why Can’t More People Own Private Property?

TLDR The blog post discusses the aspirations of individuals like Siti and Mr. Tan regarding property ownership in Singapore. Siti hopes for more land allocation for private properties, recognizing the potential impact on housing prices. On the other hand, Mr. Tan seeks eased restrictions on...
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6 Misleading Claims Property Agents Often Make That Savvy Buyers Are Aware Of
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6 Misleading Claims Property Agents Often Make That Savvy Buyers Are Aware Of

TLDR Real estate agents can sometimes use deceptive tactics to push sales. Be cautious of claims about other interested buyers, super-undervalued listings with limited information, statements about property prices, large numbers of cheques gathered, expertise in specific property types, and urgency due to a fast-moving...
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Why Can’t Everyone Have Homes In Good Locations?
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Why Can’t Everyone Have Homes In Good Locations?

TLDR In a nutshell, the Singapore property market is undergoing significant changes, with the introduction of a new housing classification system that offers increased subsidies for properties in prime locations. However, stricter regulations such as a minimum occupation period of 10 years will apply. Experts...
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7 Essential Considerations to Keep in Mind When Assessing a Floor Plan for a New Condominium Development
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7 Essential Considerations to Keep in Mind When Assessing a Floor Plan for a New Condominium Development

TLDR When selecting a property unit, carefully examine the floor plan beyond aesthetics. Consider non-living spaces like ledges and void areas that may not contribute to usable living space. Evaluate layout versatility and squareness on a scale of 0 to 10. Prioritize air circulation for...
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6 Unexpected Property Warning Signs That Can Be Negative for Some, But Beneficial for Others
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6 Unexpected Property Warning Signs That Can Be Negative for Some, But Beneficial for Others

TLDR When considering property preferences, what may appear as a disadvantage to some buyers could be a unique opportunity for others. For instance, older properties with long leases can be attractive to both homeowners and investors. Views that are obstructed or located on lower floors...
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Budget 2024: What To Expect For The Singapore Residential Market?
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Budget 2024: What To Expect For The Singapore Residential Market?

TLDR In 2025, owner-occupiers of residential properties can benefit from property tax relief based on the Annual Value Band. Retirees facing cash flow issues can opt for a 24-month installment plan with no interest if they meet specific criteria. Single senior Singapore citizens aged 55...
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Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts
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Singapore’s Housing Phenomenon: A Success Tale Calling for Tweaks – Insights from the Experts

TLDR Singapore's housing system has been praised for its effectiveness in meeting citizens' homeownership desires. The public housing program by Singapore’s Housing Development Board is highlighted for its affordability and ownership benefits. Singapore boasts the highest homeownership ratio globally, with public flats priced at 4.7...
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Unseen Dangers of Putting Your Money in Upscale Freehold Properties in Singapore
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Unseen Dangers of Putting Your Money in Upscale Freehold Properties in Singapore

TLDR Luxury freehold properties in Singapore may not always be the lucrative investment opportunities they appear to be. High-end properties are often bought for personal use rather than investment purposes, leading to potential losses when sold. Factors such as limited buyer pool, location constraints, market...
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Why Can’t We Buy Low, Sell High?
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Why Can’t We Buy Low, Sell High?

Madam Tan voiced that approximately two years ago, when her apartment hit its minimum occupation period, she and her spouse deliberated over selling their abode, considering the favorable conditions for sellers. Although their home could have garnered a considerable amount on the resale market, Madam...
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What’s Needed For Singapore To Lift Those Cooling Measures?
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What’s Needed For Singapore To Lift Those Cooling Measures?

TLDR The blog post discusses the recent relaxation of real estate restrictions in Hong Kong, contrasting with Singapore's stricter regulations. It explores the impact on foreign investors, cultural influences, and potential shifts in the property market. Additionally, it touches on parking issues in both Singapore...
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7 Frequently Overlooked Questions That New Condo Buyers Should Ask At The Showflat To Avoid Any Regrets In The Future!
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7 Frequently Overlooked Questions That New Condo Buyers Should Ask At The Showflat To Avoid Any Regrets In The Future!

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...
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2024 Will Be A Buyers Market
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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...
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The Sneaky Role of Property Appraisals in Shaping Singapore’s Home Prices
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The Sneaky Role of Property Appraisals in Shaping Singapore’s Home Prices

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...
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I Regret Buying A DBSS: 5 Homeowners Share Their Biggest Regrets
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I Regret Buying A DBSS: 5 Homeowners Share Their Biggest Regrets

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...
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