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Found 199 results

  1. Previous thread is too biggg https://www.mycarforum.com/topic/2714850-private-property-pricesstill-up-or-down-part-ii/page-533 Please continue below
  2. New revamp ... new testing ... new thread lol happy reading 🙂 https://www.edgeprop.sg/property-news/singhaiyi-sells-324-units-parc-clematis-launch-weekend SingHaiyi sells 324 units at Parc Clematis on launch weekend
  3. I know we have a separate property thread, but IMO, this deserves a separate discussion. This area will be big, in size and impact.. https://www.tnp.sg/news/singapore/9000-housing-units-including-hdb-be-built-keppel-club-site https://www.channelnewsasia.com/news/singapore/ndr-2019-greater-southern-waterfront-pulau-brani-sentosa-keppel-11819376?cid=h3_referral_inarticlelinks_24082018_cna https://www.channelnewsasia.com/news/singapore/specific-measures-could-dampen-lottery-effect-of-public-housing-11825766 https://www.youtube.com/watch?v=y6xz58yCqGk
  4. If you think your loud-sounding car is safe from the authorities just because you stay in a private property, you might want to think twice now. A photo of a Ferrari 488 GTB being inspected inside someone's front yard has been circulating around in most car group chats over the last weekend. From what we understand, it is almost unheard of for LTA enforcement officers to venture into a non-public area to inspect a car that might be flouting the laws. While we are unsure of the reasons while this particular Ferrari is being looked at, we reckon the reason might be neighbours who are unhappy about the loud exhaust noises emitting from the car. On a side note, those who are in the know will wonder why the officer is looking under the car when its belly is all covered up... Check out what neitzens on SG Road Vigilante have to say about this. Let us know if you agree!
  5. Bros, I notice that there's usually no PUB aka City Gas which is piped into landed? That means that heaters, and some dryers etc can only be electric. I am used to gas for cooking, for heaters and I wonder if anyone has added City Gas to their homes? I did email them, and they quoted a few thousand just to get a connection: Is it worth the hassle? Thanks bros
  6. nazerath

    Property in Johor

    Are they a sound buy? Anyone have properties there?
  7. HDB, private home prices rise in Q3, defying recessionary pressures Read more at https://www.todayonline.com/singapore/hdb-private-home-prices-rise-q3-defying-recessionary-pressures TD;LR HDB resale prices rose 1.4 per cent in the third quarter of the year from 2019 Private home prices grew 0.8 per cent in the same quarter Analyst pointed to the pent-up demand from homebuyers unable to view property in the second quarter Various government measures, BTO project delays and general investor confidence were also factors driving demand SINGAPORE — Property prices have continued to beat expectations despite the economic downturn. Prices of Housing and Development Board (HDB) resale flats rose 2.1 per cent in the third quarter from a year earlier, and private home prices gained 0.7 per cent year-on-year. Analysts noted that demand for homes has spiked substantially in the past three months since the end of the circuit breaker in June when stay-home curbs were lifted, and said that the Government's stimulus measures and past property curbs may have played an instrumental role in keeping home prices up during the economic headwinds. The unabated flurry of transactions from mid-June, when property viewings were allowed to resume, continued to drive demand for homes, suggesting that the euphoria over Singapore’s ongoing second phase of its economic reopening has yet to subside, they said. Quarter-on-quarter, HDB resale prices rose by 1.4 per cent, the largest quarterly increase in at least six years, flash estimates released by HDB on Thursday (Oct 1) showed. This is the fifth straight quarterly gain in the price index, which analysts said was further proof that the market has started to stabilise after six years of decline from 2013 to 2018. Based on data tracked by real estate agency PropNex, HDB resale flat transactions are on track to hit 7,000 units for the quarter. Ms Wong Siew Ying, the firm’s head of research and content, said that this would make it the strongest quarterly showing since the third quarter of 2018. Private property values rose 0.8 per cent in the three months ended Sept 30 in quarter-on-quarter terms, the highest quarterly rise since the third quarter of last year, the Urban Redevelopment Authority’s preliminary estimates on Thursday showed. The figures come on the back of an 11-month high in home sales in August, defying the usual market lull during the month of Hungry Ghost Festival on the Chinese calendar that ended mid-September. WHAT IS DRIVING DEMAND FOR HDB RESALE FLATS? 1. Government measures Ms Christine Sun, head of research and consultancy at property firm OrangeTee & Tie, said that stimulus packages totalling more than S$100 billion to prop up the economy during Singapore’s worst recession as well as past cooling measures have helped to keep HDB prices up. “The mortgage servicing ratio, which was imposed to tighten the disbursement of housing loans, may have prevented buyers from overleveraging and selling their flats at excessively low prices during the current market slowdown,” she said. Mr Lee Sze Teck, director of research at real estate firm Huttons Asia, said that revisions in government policies last year have also continued to drive the market as homebuyers are now looking at resale flats more favourably. He noted that the raised income ceiling and higher grants for first-time buyers announced in September last year for those applying to buy a resale flat continued to boost demand. He expects prices to continue appreciating in the current fourth quarter. 2. Delay in BTO housing projects Analysts said that the expected delay in Build-to-Order (BTO) public housing projects due to the halt in construction work during the two-month circuit breaker period in April and May has also diverted some demand to the resale market. Ms Sun said: “Some buyers have also bought HDB resale flats that were more affordable than private homes during the current economic uncertainties.” Ms Wong of PropNex estimated that HDB resale prices could rise as much as by 3 per cent for the whole of this year. “We think the signs are positive and point to further stabilisation in values,” she said. WHAT IS DRIVING DEMAND FOR PRIVATE HOMES? 1. Relief measures The gains in private home prices were led by landed property, which surged 3.8 per cent in the past three months, as well as by property outside of the core central region, which refers to the prime districts. Various temporary relief measures have also removed the need for homeowners and developers to slash prices too drastically to move sales, Ms Sun said. These measures include the waiver of charges for developers applying to extend their completion or disposal deadlines as well as allowing borrowers to defer their loan repayments. Ms Sun also said that market sentiment may continue to improve and demand for properties may remain strong in the coming months, as more sectors reopen and the country eases into the third phase of reopening the economy. 2. Investor confidence PropNex's chief executive officer Ismail Gafoor believes that investors remain confident in the market, even as the recent clampdown on the re-issue of options to purchase for buyers may have a slight cooling effect on demand. “Several factors probably prompted buyers to action, including the low interest rates, liquidity in the system, sensitive pricing by developers and re-sellers, and the buyers’ faith in the positive outlook of the property market over the long term,” he said. Mr Leonard Tay, head of research at real estate company Knight Frank Singapore, said: “This is a little bit reminiscent of 2009 when the private residential market in Singapore witnessed a fast and furious recovery in the midst of the global financial crisis, where prices and sales volumes rebounded in a time of uncertainty. “Perhaps in a somewhat similar manner, overall private home prices that were originally expected to fall by about 5 per cent in 2020, would now generally remain unchanged from end-2019.”
  8. So we have checklists for buying a new car, and why not one for a new home? I've consolidated what I have previously written here, so everyone can benefit and also contribute and some of the info comes from other bros. Before we even go into the list, there are some basic things to do: - make sure everyone in the family agrees to this purchase, and whether it's for investment or as a home - check your financials well and get a large enough budget to buy and for renovations or other costs - do your homework! Check the online property forums, buy and sell places and see what your money can buy and which regions suit your needs best So, now onto the buying process Is it going to be landed, a flat or a condo? Some of the general principles which apply to all three types: Is the home paid for or is the seller still in debt and not bankrupt How many owners are there, and any divorce in process. Who is the legal owner or executer of the property if the owner is deceased? Is it tenanted and when does the lease run out Can you break the lease How old is the place. As a general rule, most places under 10 years can do without major renovations and you can use the piping, aircons and wiring. Most places above 20 years old will need more extension renovations - freehold, 999 years or Leasehold (how many years left) - location - is it within 1km to a primary school and how many places are there - sun direction - North South is the ideal - developer matters too - some are cheap and use poor quality materials - neighbours - good ones to whom you can entrust your keys, psycho ones, and nosy ones - visit the location at different times - if you go over a weekend it's usually quiet and the traffic is light, so see at at peak hours and see if there's any choke points and if the streets around it become very noisy or is there a school or some place that attracts a lot of noise - amenities eg market, food places, 24 grocery, petrol station, postbox - near work - near a clinic or GP - MRT, bus or good roads etc to work, school etc - wind : how well ventilated it the place - how high is the place - the interior of the place, can you salvage the parquet floor for example - TV reception - is there a fibre / home line (will cost $288 to run a new fibre line for example) - where is the mains and the PUB meter located - do you have the plans for the electricals Items specific to an apartment: - the shape of the unit, any odd unusable corners, how square is it - how many units are there? Is it going to be too crowded over the weekends to swim? - what are the amenities? Sometimes too many water features, landscaping or pools will mean higher costs to maintain - pools: regular shape? Good for swimming laps or merely for wading? Any lifeguards? - maintenance fees - sinking funds - more units will mean more people to share costs. Small developments will need larger contributions to fix items like lifts, repainting costs etc - number of lifts, is it private - ratio of parking lots to units and the number of visitor lots - number of entry and exits, side gates - how much power is there? As a rule, you need a minimum of 45A and up - any provision shops? - who runs the place? which security company do they employ? - get a copy of the house rules - eg no moving in hours and are there a lot of AirBnB listings? Items specific to houses: - plot ratio and GFA - zoning and potential developments of the area - who was the designer or builder and are they still around - cul de sac - land size, is it square or narrow, can you expand the built up area? (remember to account for set back if you do more than A&A) - soil analysis - is it reclaimed land - fengshui : water, wind and mountains etc - at a junction - noise level in the neighbourhood - any new developments - renovations or reconstruction can continue for years around the place - is there going to be enbloc or a new road running through the area - if the homes near you are going to be replaced by flats, the roads can be much busier - parking - flooding / ponding - any religious building around you or a popular eatery that attracts a lot of visitors eg illegal parking during peak periods and noise levels - any piped in gas... so you don't need to use gas tanks - any retaining wall, and is it near a 24 hour gas station - noise and fumes - is the place close to electrical plant or substation - how much power is there? Single Phase or Triple Phase (most modern terrace houses will have a triple phase 63A main DB, which can support the needs of most homes, even those with a swimming pool) Don’t forget to check for termites and mossies. How windy and well ventilated the place is. How wide is your lane and even the type of roof and tiles used. Bring a builder along to give you an idea of renovation costs.. But before you even look around, do the financials first. Make sure you have a loan approved in principle and also enough cash for the renovations with a 20 percent buffer. Then bring the check book for every viewing. A basic renovation for a landed place can go from 2-300k, and for a A&A you might be looking at twice that. Adding a new roof 50k, and a new floor around 150k. A tear down? It can be 600k and up and these costs don't include furniture or fittings. Time is the other factor you have to budget in. Add 20% to any schedule, especially if you are doing it around Chinese New Year or Christmas. Be detailed in your planning, for example: If you are doing a rebuild, make sure you work with your builder and neighbours. A small road - like the Countryside one, yes that 'wide' road, may not be able to take a full truck or a cement mixer coming in. And with such a long road, you need to coordinate with the entire road of owners, so they clear the road such that the truck can come in. Trust me, it's not a given nor an easy task. If a car gets scratched... be prepared for an ugly scene. So also check that your contractor is registered and has insurance. One of your neighbours might own a limited Maclaren that your builder just happens to nick whilst transporting your tiles into your plot... Are there any other persons building in the same area, maybe you two can work together and save cost on building materials or if the other person started first, they can share some of their experiences Is there space for your builders to park? Is there good road outs of your estate or are you reliant on a single exit which can get very clogged up during peak hours? Here's a BCA owner's checklist guide Finally, I would like to start that I'm not an agent. I'm just trying to share since others have helped me before and I'm giving a little back so everyone can benefit. But YOU and you alone need to get that info you need. No one will spoon feed you and there's no charity. You find those good deals, with the aid of a good agent. Look at as many areas as you can, and take your time. But timing is everything and sometimes, that dream home just pops up and you have to be ready. You snooze and you lose... Good luck! BCA Homeowners Guide.pdf
  9. Sometimes i really wonder what makes some of these house owners think that they own the road outside their houses too. So often you see people put their trashbins along the kerb just to prevent others from parking outside their houses. I mean, the road is common property, and if there is no double yellow lines or whatsoever, it is LEGAL to park. Even if there is dbl yellow line, i can still park if i want as i am taking the risks in getting a summon. Yesterday, i parked outside this house along carpmael road (off joochiat).. there is no marking on the road, so its legal. The kerb between the 2 houses is actually long enough to accomodate my car length. I even got out the car after i parked to ensure i am not obstructing any of the unit's entrance... When i return to my car.. someone actually leaned the trashbin AGAINST (not just near) my driver's door. It is just sickening to the core. I was tempted to ring the bell of the house but even if they did, they will deny the deed. And yes, there is a chance its really not them, but the mischieve of some boliao people. I had seen before, a house owner after moving away his vehicle from the spot outside his house, will actually place the bin in the same spot then drive off...what i did then was to remove the bin and park there. For house owners that are in the forum here, do you use bins to chop the road outside your house too? And do you have the possessive mindset of the road outside your houses too? seen too many examples at these estates.
  10. Grandeur

    First Testing

    i try to post a link here, just for testing http://newpropertyreview.com/nim-collection/ So far so good
  11. noobcarbuyer

    Sgp enters worst recession in 55 yrs

    https://www.todayonline.com/singapore/packed-malls-rising-property-prices-and-coes-its-hard-tell-spore-its-worst-recession Packed malls, rising property and COE prices — it’s hard to tell S’pore is in its worst recession Singapore has entered its worst recession since independence However, consumer spending seems alive and well Economists say that the pandemic has affected the lower-income more Government support has also helped prop up consumer spending SINGAPORE — Despite all the doom and gloom surrounding the economy since the Covid-19 pandemic began earlier this year, a 29-year-old who wished to be known only as Ms Lee said she is not too concerned over losing her job in the months ahead. Working in the finance industry, she said there is probably only a “1 per cent chance” she gets retrenched given her job stability. Ms Lee is not the only one bucking the trend as Singapore grapples with its worst economic crisis since independence. Ms Soh Wan Wei, a marketing manager in a software company, said there has been no need for her to tighten her purse strings as her income has not taken a hit. In fact, both women said their spending has decreased as the circuit breaker months and having to work from home meant that they are going out less, though online shopping is accounting for a greater portion of their overall spending. “I go out less, I stop shopping for clothes, I eat at home,” said the 32-year-old Ms Soh. “The only chance I can spend money outside is during weekends. I still go out and eat at restaurants,” said Ms Lee. Stories like these from Ms Lee and Ms Soh may seem jarring, given the dire official economic figures. On Tuesday, the Ministry of Trade and Industry (MTI) said that Singapore’s economy shrank 13.2 per cent for the second quarter of this year compared with the same period last year. It also downgraded Singapore’s economic forecast for this year to a contraction of between 5 and 7 per cent from an initial projection that gross domestic product (GDP) would shrink between 4 and 7 per cent. Compared to the first quarter on an annualised seasonally-adjusted basis, the economy contracted by an eye-popping 42.9 per cent. Before Covid-19 wreaked havoc on Singapore’s economy, the largest full-year contraction was registered in 1998, when the economy shrank by 2.2 per cent as it reeled from the Asian financial crisis. The steepest quarter-on-quarter drop on an annualised seasonally-adjusted basis was 11 per cent during the third quarter of 2010, after the 2008/2009 global financial crisis. While retrenchment numbers have spiked and GDP figures have been hitting record lows, large crowds still throng the malls on weekends. Property prices inched up 0.3 per cent for the second quarter, while latest Certificate of Entitlement prices in August rose by at least 7 per cent, suggesting that some consumers here have no problems spending. However, economists told TODAY that there is no contradiction between the official numbers and what’s happening on the ground. Ms Selena Ling, head of treasury research and strategy at OCBC Bank, said the second quarter figures reflected how things were during the two circuit breaker months of April and June, which saw most workplaces shut in a bid to stem the spread of the coronavirus. Now that Singapore is in Phase Two of its circuit breaker exit where most businesses are allowed to reopen, the “look and feel is very different”, she said. Ms Ling said the large crowds at shopping malls could be a reflection of some pent-up demand after the circuit breaker as well. “Singaporeans haven’t gone away. We can’t travel, whatever expenditure (is occurring) is being spent here. Same for foreigners working here, there is no outlet,” she added. The question though is whether the demand seen now is sustainable. Economists also said that much of the spending on display comes from the higher-income households, who have not been as greatly affected by Covid-19. Dr Chua Hak Bin, an economist at Maybank Kim Eng, called Covid-19 a “regressive shock,” where sectors which are more labour-intensive and therefore made up of more lower-income workers have been hit harder. The finance and technology sectors have emerged relatively unscathed out of the crisis, economists said. “Even though this is the biggest recession since independence, this is also a very uneven recession whereby certain segments of the economy are bearing the brunt more than the rest. Unfortunately it is the lower income group,” said Mr Irvin Seah, a senior DBS economist. Dr Chua said that lockdowns worldwide have in fact raised the saving rates of higher-income households since they have not been able to spend on discretionary goods like travel or recreation. “There is a lot of liquidity in the system and some has shown in pent-up demand for certain goods such as property purchases,” he said. Economists also said that Government support, such as the Jobs Support Scheme which helps companies subsidies the wages of Singaporean workers, has also helped prop up consumer spending. Over S$100 billion has been pumped into the Singapore economy over four budgets since the Covid-19 outbreak to help prevent mass business closures and retrenchments. “That has perhaps concealed the real pain because jobs lost in the first half of the year are borne by foreigners… Maybe some of these sentiments are partly inflated due to generous payouts which are set to fade,” said Dr Chua. Mr Seah also said that there is usually a lag effect on the labour market, where the worst effects will materialise only at least two quarters after the record-low GDP figures. He said that the labour market will likely bottom out only at the end of this year, and that might be when consumers here will start tightening their belts. “In the coming months when the support measures expire, that’s when we will see things fall back to reality,” said Mr Seah. While he said that consumers should be spending as it would help local businesses, he added that they should be mindful of the risk and be prudent.
  12. I am starting this thread as a complement to the main thread on property news and prices. I hope some of these tips/suggestions gained from actual dealing on the ground would be helpful to homeowners/buyers. I will start off with the below burning question that I get all the time....why some units break record prices but some could not be sold for months and months. Selling your property for top dollar Firstly, let's define what is top dollar? In my terms, top dollar would means selling above market valuation. Often, it also means breaking the record price of similar units in the same estate/condo. Over time, I observed that these price record transactions had a similar trend. To get top dollar, contrary to most beliefs, it definitely has much more science to it than art. Top dollar deals seldom come from just listing and pray; it has a method to it. Unfortunately most sellers/agents never really took the method seriously and in most cases, never get top dollar for their units. As this is a post and not a blog, I will keep it short and concise. To sell for top dollar, you need to understand the below on the psychology of a buyer when they come for viewing: 1) Buyers use very little logic when viewing, they tend to follow their emotions more 2) Emotions arise not just from what they see, but also from the other senses such as smell, feel, touch and hear 3) Sellers always make mistake by assuming that the buyer can imagine an empty house. The buyers don't and they won't 4) The key then is to be able to reach down to the sub-conscious of a buyer by invoking their positive emotions during viewing. Houses that gets top dollar often make the buyer feel 'right" and they then use their emotion to justify their logic. Failure to consider the above is the key difference between getting no offers (or market valuation at best) and one with a top dollar offer. Understanding the above,here are my 10 tips for sellers based on my experience: 1) A cluttered house kills good emotions. Always un-clutter the house before viewing. Throw away junks and keep the house tidy. The owner is selling the house and will need to move soon...use that opportunity to start clearing the house. This issue is so prevalent in many units that the seller think that the buyer will imagine an empty house. Again they won't! 2) Fix all minor defects. Again, too many sellers thinking that the house gonna be sold, what is the point of fixing it up. You don't have to renovate the house, but you should fix up all visible defects. Even a new coat of paint on any old house does miracles in getting good offers 3) Clean the kitchen top and uncluttered it. A clean good looking kitchen makes a lot of difference in getting top dollar. If there is one place that make the difference in offers, it is the kitchen. The buyer's wife/gf/mother has a lot of emotions attached to the kitchen and in most cases, they are also the CFO to the purchase. Unclutter the kitchen top and make sure the stove and built-in oven looks clean. I even had a seller once storing his microwave away just to clear up space for his very limited kitchen top space. 4) Dining table. Another culprit which is always full of everything except dining stuff. Clear it, and put an attractive piece, a vase with flowers, etc at the center. Pull the buyer eyes to the center of the dining table and let him feel that they can eat comfortably at that table. 5) A well lit, unblock, entrance door. Clear away your shoes or anything untidy at the entrance. An unblock well lit entrance creates eagerness to explore more of your house. 6) Masterbed room is important and it must look like it is ready for relaxation and sleep. I have seen many master bedrooms that has clothes hang in it, or the seller cramped a study table into the master. If you confuse the buyer over the purpose of that room, chances of getting a good offer is as good as nil. 7) Always give exclusive to your trusted agent. I seldom see record selling deals that are from open listing. Open listing agents are prone to be "tested" by the buyer agent and their motivation to close will bring you a lower price. Furthermore exclusive agents are motivated to do every viewing for you hence has minimal viewing leakage. 8) Be flexible in your ability to open doors for viewing. Great offers can come from any viewing time and if you restrict your viewing time to evening or weekends only, you are restraining your ability to get good offers, Two of my record breaking sales came from afternoon weekday viewing. Hence, never, never have viewing leakage. 9) Check if your house has certain odors especially for those with pets. The houseowner is often immune to any smell, but the buyer will sense it at a distance. And if you have pets that could walk around the house, (or make noise, for.e.g barking) , please bring them out somewhere if you have viewings. Again, please don't assume that the buyer can imagine that your pet won't be there when they make the purchase. They won't. Remember, the sense of smell and hearing invoke powerful emotions so if you want to get top dollar, make sure those senses of the buyer are not affected. 10) I leave the last point to the advertising. Good advertising attracts viewers. Unfortunately I've seen many seller/agents use mediocre handphone photos to advertise. Some photos are so bad that a young Instagram-obsessed teen would probably take better. If you already took the effort to do fix up, unclutter the house, etc, the last thing you want is to have photos that does not depict your house accurately. Wide angle photos, imo, is the minimal requirement. Videos and virtual tour are great, but only if your house is of a certain size. Buyers will sub-consciously drawn to sellers/agents who take pride in advertising their house and first impression does count in this business. Don't neglect this which I somewhat keep seeing all the time. There are many more concepts that I can keep going (the use of colours for e.g) but the above is suffice for most sellers if they want their property to fetch good offers. Infact, I seldom see all 10 points click into place, but if they do, that property should get good offers. It is very often for me to hear that some units could not be sold for months, but when another agent took over, it get sold within one month at the same asking price. I don't believe it is all luck. It has to do with the method right from advertising to preparing the house for sale. I hope the above helps in giving some ideas in getting good offers for your property at your location. Your property is one of your biggest investment so it is worth the effort in putting the right "sciences" into it and get the top dollar offers.
  13. My folks thinking about purchasing a landed (F/H) property now (to stay). It's about 980K. Land size 1300 sqft, built up about 1500 sqft. Is it wise for them to get it now? Is the price okay? Thanks.
  14. Luckcent

    Property Agents' commission

    What is the market rate for commission for selling a private property ? Or it is up to the seller ? Any expert can help clear this ?
  15. Just want to gather feedback about the sequence of the AGM agenda. The AGM I attend, usually the Proposed budget and monthly contributions is approved before the election of the incoming council members. Is this logical, or should the elections be conducted before the proposed budget is discussed? If the approved budget is unusually low, then any incoming council member will have a very hard time operating with a tight budget. This is a major deterent to be a council member. But if the elections are conducted as the first few items of the agenda, then the incoming council members will take on more "ownership" of the proposed budget debate. Isn't this more of a logical sequence? Care to share any insights on the best MCST AGM sequence?
  16. what was your deciding factor when you chose your HDB flat in your block ? not talking about location as in road, but how you made your choices on the level and either corner or center of beside lift or staircase ? all this - if you had a choice during your selection ? I would hope to get a corner flat so only the door is the only accessible point of entry. so that I can keep my hall or room windows opened all the time without worry of my neighbors/stalkers walking past my unit and looking inside.
  17. As mentioned in the title, which bank is better for property loan? A little new to buying new property, please share your views. Thanks
  18. https://www.channelnewsasia.com/news/singapore/hdb-flats-housing-grant-income-ceilings-higher-11891818 Bto income ceiling increased to 14k. EC up to 16k. Increased grants depending on income levels. 👍
  19. For all new home buyers / multiple home buyers out there !!! Property agents' records go online: What to look for when searching for one The CEA Public Register will now display details of completed HDB resale transactions when you search for a property agent. This includes information on the transaction dates, the location of the flat, and who the agent represented (buyer or seller). 3 main things to look out for 1. How active the property agent has been 2. The type of housing the property agent specialises in 3. The property agent’s neighbourhood of choice https://cnalifestyle.channelnewsasia.com/trending/how-to-use-property-agents-online-records-11140502 https://www.cea.gov.sg/public-register
  20. I can see one can check CEA for the agent but there is only basic information on it. What are the information I shall use to ensure I am talking to a normal agent? Name Reg. No. Reg. Period Awards Disciplinary Actions Remarks Est. Agent Name Licence Number
  21. http://theindependent.sg/ho-ching-wants-everyone-to-own-a-hdb-flat/ https://www.propertyguru.com.sg/property-management-news/2019/10/183865/remove-income-ceiling-for-first-time-hdb-buyers-ho-ching Maybe she can start to lead by example to stay in HDB?
  22. boonhat_91

    Noob questions on property

    Starting a thread for noob questions you always wanted to ask, but didn't dare to or didn't know how to. Let me start the ball rolling. Why does property appreciate? Does it not experience wear and tear like any other material possession? Is it because of demand vs supply and inflation?
  23. Hi all, Needed some advices as me and my wife couldn't decide which way to go. I shall tell my story in point form. 1. Currently living in a 5 room flat in woodlands. 2. Bank loan left 8 years to clear about $52K. 3. Applied for a 4 room BTO flat and was lucky enough to have slected a flat next to Bedok Mall and opposite Bedok MRT. 4. We had paid the the $2k option fee. 5. Pending to pay $52k(10% downpayment) + $15k(3% stamp fee). These 13% going to cost us about $67K. 6. We have $50k cash on hand. Another $15k from my wife CPF. 7. Wife just became PR 2 years ago. Therefore her CPF OA was little. 8. My CPF OA was used to service the bank loan of our current flat. 9. The amount was just enough to service the monthly loan. 10. New BTO flat in Bedok TOP 2021. 11. Selling our current Woodlands flat in 2021 need to pay HDB $50k levy. 12. Expected bank loan left around $30k in 2021. 13. I am using a safe amount to calculate. Let's say we only managed to sell our Woodlands flat for $400k in 2021. Minus levy and leftover bank loan. we can get back $320k from our Woodlands flat. 14. I knew out of the $320k that i get back. About half need to goes back to my CPF OA. But these money that went back to CPF OA will be used to pay for our New Bedok flat in 2021. 15. New flat left $470k after the downpayment. HDB able to grant us about $150k loan. 16. Therefore we have no problem for the new flat. We only need to save another $50k - $70k to renovate our new flat in 2021. Option 1 1. Thinking of investing our $50k cash on hand on oversea property. Wife is from china Hainan Dao. 2. We are thinking of buying a small condo unit about 40 square meter that cost about 400k - 500k RMB. 3. Why small unit? We only have $50k SGD on hand. Plus small unit maybe easier to rent out to single professional. 4. Downpayment needed about 30%. Therefore downpayment for an average 40 square meter condo unit about 120k - 150k RMB which is about $24k - $30k SGD. Option 2 1. Shall we go ahead with the Bedok BTO flat? (We like the location very much as it is next to Bedok Mall and opposite Bedok MRT). Capital gain from the new flat will be much better as compare to other flat that is not near to mall and mrt. OPtion 3 1. Apply for another 4 room BTO in other location which cost around 280K. I believe after selling our current 5 room flat in Woodlands. We should have enough cash for other investment. Hope that the expert here will give us some advises. Thanks in advance!
  24. looking at the many recent launches for Thailand property. https://www.icompareloan.com/resources/things-need-know-buying-thailand-property/ With so many coup and disruptions from external factors. Is it reasonable to expect that it can only go up from here onwards? I notice the condo sizes is clearly smaller that our shoebox apt. Except that it does not have a bomb shelter. And that sort of remove the dead space. There is no property taxes as well and it comes with a guaranteed yield of 6% per annum for 3 years. Seems quite good IF the thai baht rises after the 3 years of guarantee yield. http://www.homenayoo.com/the-excel-hideaway-sukhumvit-50/ interested in this with a view of the longkang
  25. Lab4games

    Property in Malaysia Nusajaya

    hi guys, what is the outlook on the property market in Nusajaya? the malaysian government is pushing for the iskandar project there and my friends are talking about http://horizonhills.com.my/ the entire area around Bukit Indah is quite sparse when i went there. i don't see how property prices will appreciate. am i right?