TLDR Understanding the crucial difference between an Offer to Purchase and an Option to Purchase (OTP) is vital when buying a property. An Offer to Purchase is a non-legally binding document where a potential buyer expresses interest in acquiring a property. It includes essential details like the property address, offered price, and option period. On the other hand, an OTP is a legally binding …
Singapore’s Best Kept Real Estate Secrets: 5 Insider Tips for Savvy Investors Here are 5 insider tips for those looking to make smart investments in Singapore’s property market. 1. Look beyond the city center: While the city center is a popular choice for real estate investment, it’s often more expensive and competitive. Consider looking for investment opportunities in the suburbs or outlying areas, which …
TLDR Renting in Singapore offers various options for foreigners, such as HDBs, Condos, and even unique properties like heritage homes. Foreigners must provide valid documents and follow a typical rental process involving a Letter of Intent, security deposit, and tenant’s requirements. Understanding diplomatic clauses and the 30-day problem-free period is crucial. Overall, Singapore’s well-established Real Estate sector provides a safe and structured environment for …
5 Top Primary Schools in Singapore Popular with Expat Chinese Community When it comes to education, Singapore is a top destination for expat families. For Chinese expat families, finding the right school for their children is of paramount importance. Here are the top 5 primary schools in Singapore that are popular with the expat Chinese community. 1. Raffles Girls’ Primary School : This is …
Here are the top 5 reasons why Chinese love to invest in Singapore’s property market today. 1. Political stability: Singapore is known for its political stability and strong rule of law, which can be attractive to investors looking for a safe place to invest their money. The country has a stable and democratic government, and it is generally considered to be a safe and …
TLDR When selling a condo, focusing on highlighting key facilities like gyms, swimming pools, family-friendly amenities, community gardens, and clubhouse facilities can significantly attract potential buyers. These features add value to the property and cater to different buyer preferences, such as fitness enthusiasts, families with children, and those seeking community engagement. By emphasizing these facilities in property listings, sellers can differentiate their condos and …
From Overseas to Singapore Property: 5 Steps Guide to Remitting Funds 1. The first step in remitting money to Singapore to purchase real estate is to open a bank account in Singapore. This can typically be done in person or online, and will require proof of identification and proof of address. You may also need to provide a copy of your passport and proof …
TLDR When considering property investments, understanding your motives is crucial. Factors like accessibility to amenities, remaining lease, transaction history, rentability, rental yield, and layout play significant roles in decision-making. Proximity to MRT stations can impact rentability but doesn’t always guarantee higher returns. Assessing amenities within a kilometer radius is essential, considering both benefits and drawbacks. Beware of lease decay in older properties and review …
5 Singapore Property Trends to Watch in 2023: Expert Weigh In Top 5 Singapore Property Trends to Watch in 2023 : Expert Weigh In Based on On-the-Ground Experience of a 10 years Singapore Property Realtor 1. Rising interest in mixed-use developments: Mixed-use developments, which combine residential, commercial, and recreational spaces, are becoming more popular in Singapore as they offer a more diverse and convenient …
The 5 Most Popular Types of Properties to Buy in Singapore 1. Condominiums: Condos are popular among buyers because they often come with amenities like swimming pools, gyms, and security. They are also usually located in convenient, central locations. Many condos in Singapore also have a mix of residential and commercial units, making them a good option for those who want to live and …
The top 5 overlooked features that buyers are looking for in the Singapore real estate market. These are the overlooked features that can make a property more desirable and increase its value in the market. 1. Energy efficiency: Energy efficiency is an often overlooked feature that can make a property more attractive to buyers. Features such as energy-efficient appliances, LED lighting, and double-paned windows …
TLDR The article discusses the transition from SIBOR and SOR to SORA as the new benchmark rate in Singapore’s banking system. It explains the significance of SORA, its calculation, and the advantages of opting for a SORA home loan. The TLDR also touches on the differences between 1M SORA and 3M SORA packages, the benefits of a floating rate home loan, and the reasons …
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