Category: Blog

Should You Invest in Singapore?

Some might think that Singapore only makes verbal promises; however, if one is to focus on its market, everything will start to make sense for sure. Indeed, as you pay attention on the figures way back in the year 2006, it embodies the fact that there is a healthy increase of 10.2% in the private residential property price index of the country. This is an increment of almost 3.9% from 2015 and that was only a decade ago. What more now?

Needless to say, it is not a secret nor a mystery why the industry of real estate in Singapore prospers. Definitely, thetapestrycdl.sg can attest to this. Regardless of the given fact, it should not be forgotten that it is not only the economic growth rate of the country that fuels its real estate market. The same is also true with the policies which govern their housing market ever since the year 2005. What are these policies?

Policies of Singapore Real Estate Everyone Must Know

  • There is an increase from 80% to 90% when it comes to loan-to-value.
  • Foreigners are given the chance to buy apartments and properties because there are rules which are being put into place right now. This means that foreign purchase does not mean the building of over 5-storey condominium in order to be granted.
  • There is already an allowance for a single person who for instance who is not related but would want to buy properties. This transpires because of the social security pension termed as Central Provident Fund.
  • Cash down payments are not that high. They are only 5% of the previous purchase of home. This gives many the opportunity to own a home from themselves.

Home ownership has turned out to be a relevant part of the goals of Singapore’s government. There really is commitment and cooperation they vowed in the mentioned industry. This is evident on their Monetary Authority of Singapore, Housing and Development Board, Central Provident Fund and Urban Redevelopment Board. The increase of 92% from the previous 27% in 1970 really says a lot about the transformation that the Singapore real estate industry has gone through.

The success story of Singapore is commendable considering that it has really experienced housing crisis not so long ago when it acquired its independence. Today, the statement made by the real estate market of SG cannot just be ignored. It really is deafening.

Upon its achievement of economic stability affects the demand for housing in Singapore. They are somehow directly proportional to each other. The higher the price of the property, the stronger it becomes. And it continues to be like that which also hypes the expectations of many, be it residents or foreigners.

For those who seek to be a part of this abundant industry, they should exert effort to understand how it works. By working with the right people, this becomes feasible and simpler. Start looking for professional real estate agents now and know the difference. This is going to be the best for sure!…

Tips for Launching a Successful Real Estate Career

There are basics you have to remember if you intend to invest in real estate. If you want to be a part of this and you persevere to prosper in it, you might want to check on what the newfuturabycdl.sg has to offer. For sure, this is going to assist you in succeeding with this type of venture.

Indeed, there are tools which may be applied if you want to maximize what real estate has to offer. However, it should not be forgotten this the laws and legal practices usually vary from one state to another. This means that the governing policies may change from time to time. Please be reminded though that even if you seek articles like this, it would just be right to seek the assistance of a professional at the end of the day.

The big question now is – how do you succeed in starting up a real estate career? There are considerations you have to think about.

Starting Up a Successful Real Estate Career

How do you set up goals and have a successful career in real estate? These are some of the tips that you may want to take down note of:

Start with a burning desire

This is not very hard to understand. With every endeavor calls for a burning desire to succeed and win. If you have the yearning to know more about real estate investing, you will surely not go wrong. This is normally referred to as the craving or longing for something which may bring you satisfaction later on. So, begin by fueling your spirits with motivation.

Set achievable goals

Do not get this wrong. Setting achievable goals does not mean you limit yourself from the impossible. It only shows that you plan aims which you are committed to attaining in a particular time frame. In order for this to be even more effective, there is nothing wrong with writing your visions down. You hang them somewhere you can see them all the time. When you put that kind of reminder, it becomes easier to act on them.

Do not be afraid to learn

Real estate is not easy to understand, like any other concepts. It requires patience and intelligence. Regardless, you must always be willing to learn. This means that you may have to master the ins and outs of the business. As much as possible, read on real estate investing. Afterward, do not fail to apply it on your life. Learning and reading cannot be taken away from each other. There are books out there so there is definitely no excuse for you to not be well-versed.

When you have started the given, do not forget to seek professional assistance too. Attend real estate investing seminars. There are many of them. You will learn more if you do not limit yourself. Be okay to interact with experts. You live in a big city with plenty of opportunities. Be ready for them always!…

A quick view of commercial properties in Singapore

From mass-market condominiums, build-to-order public flats to high-end condominiums, Singaporeans are not afraid to use building in different tiers of the property market. However, a majority of locals are hesitant when to delve into the unknown realm of commercial properties in Singapore.
Surprisingly commercial properties have a potential to give higher yield and are not subject to Additional Buyer’s Stamp Duty (ABSD) as evident in residential properties. If you are new to commercial properties, then this article will give you an appropriate introduction. We shall have a look at retail spaces, chophouses, office spaces and medical suites. Let us have a closer look at individual commercial properties.

Office spaces

Most of the Singaporeans work in an office. Tell them to invest in an office, the very same place they spend quite a substantial part of their life and they will develop cold feet. Regardless of such reactions, statistics show that the trend in investing on office spaces is on the rise, steadily. This comes with the Singapore government effort to decentralize commercial activities from central areas. We have seemed more commercial projects are coming up in estates such as woodlands and Jurong regions. Based on data by Chesterton, about 32% of upcoming office will be strata-title. This refers to individual titles issued to units of apartment s, houses or office jointly developed within a building that shares common facilities.

Similar to residential properties office spaces are also classified into grade A, B, and C office spaces.

Retail Spaces

Since the development of strata-titles and commercial building in 1970, Singapore has had more than 55 strata-titles retail malls. According to regional research y DTZ, of the 5.5 million sq. Feet of retail space is expected to come on stream from 2014 to 2019, only 10% would be strata-title. This is because developers prefer mall ownership being controlled by one entity, who will, in turn, have control over the retail mix of tenants.


Eating at little India, shopping along Chinatown or having a drink at Duxton Hill, shophouses are a familiar sight despite their rarity. These commercial properties are highly sought after by investors. Shophouses can be used for living or business, or both. Majority of shophouses were constructed between the 1840s and 1960s with the common design being two or three stories built in continuous blocks.
Apart from the private shophouses, there are also HDB shophouses. HDB shophouses are rare and now privately maintained. Due to their rarity, HDB shophouses have higher premiums making them less affordable for investors with a small budget.

Medical suites

Singapore Is projected to reach a population of 6.9 million people by 2030.At this year, a majority of the people will comprise of the aged, meaning higher demand for healthcare needs. The growing affluence from neighboring countries also heightens the market for top quality healthcare. To care the projected demand, Health City Novena has introduced a master plan in the central region and other regions with a strategy to develop medical excellence which is more accessible and provide quality care to Singaporeans. …

Singapore Government policies effect on its real estate

According to Savills, the price of high-end homes fell slightly by 0.2% in Q1 2017. This brought it to an average of US$ 1, 631. This continued decline in house price is as a result of deliberate government policies. Before the 2008 global economic crisis, Singapore market experienced an overheated market with residential property price index rising to 38.2% in one year. Since then, the government sensibly began to impose measures which continue mitigate similar future scenarios.
Below are some of the actions the state enacted in the recent years to cool down real estate prices in Singapore.

Higher stamp duties to short-time home buyers

To an average property buyer, buying a home is a long-time investment. However, most real estate investors aim at selling the property in the shortest time possible. To discourage such type of buyers, the government has put in place several seller stamp duties which only impact those aiming to buy a home in less than four years.

Loan repayment must not exceed 60% of the borrower monthly income.

This policy, established in 2013, means that if a home buyer earns an SGD 10,000 per month, the monthly loan payment must not exceed SGD 6,000 per month. In Singapore, loan interest is influenced mainly by SOR interest rates plus how much one borrows. This policy also in aiming at reducing consumer ability to acquire multiple loans where majority rush to make a purchase based on speculated market trend and later unable to repay. The policy is the contributing factor why real estate prices have declined in the last 13 quarters since its enforcement in 2013.

Higher stamp duty on any purchased property

When one buys a property, he or she is now required to pay a higher stamp duty: 1% for purchase of up to $180,000, 2% for the next $180,000 and 3% for the remaining amount. Therefore, if you want to buy a property worth $500,000, then you have to pay the government $9,600 in stamp duties. These stamp duties are now payable after three years of purchase with the rate cut down to 4% for each tier.
The above market-cooling measures have been active as mirrored by the 11% decline in Singapore property prices in the last three years.

Future real estate price projections

The low-interest trending rates continue to play a part, but some of the measures discourage other, especially those buyers looking to rent out their property. Also, buying a condo in Singapore is not cheap, a meter squared will cost approximately US$13,500 in the core regions.
However, the majority of expert expect the real estate price to continue going down with the government not willing to budge despite pressure from investors. If this trend is maintained, a home purchase will be more comfortable for young professionals and families looking forward to purchasing their first home. Same concession will be extended to a selected group of buyers such as married couples with one spouse who are looking to buy their second home as long as they intend to sell their first residential property.…

Different Developments You Can Get From the Top Real Estate Companies

For people looking for an exceptional property financial investment, the only rational alternative you’ve got is to purchase luxury residential or commercial properties. Such structures will use the best balance of stylish design, exclusivity, extremely sought after addresses, advanced features, and advanced branding that those with a taste of the great like make sure to value and love. In order to meet the choices and needs of their high-end market, luxury property designers are now using a vast array of homes that make certain to deal with numerous financial investment factors to consider.

Type of Properties That Reliable Property Firms Offer

Hotel Suites – When the experience of top quality hospitality attracts your perceptiveness, your best choice would be luxury hotel and hotel houses. It features well-liked functions like sky lobbies with very sensational views. These functions will consist of advanced day spas, roof infinity pool, and personal screening spaces. The guarantee that these luxury hotel houses use is trendy living. Apart from that, you can also decide to let these homes make amazing rental earnings for you in case you remain in another part of the world.

Trip rental properties, estates, and houses – Some abundant financiers wish to make a home from a peaceful pocket of area in the middle of the hectic city. These advancements will provide estates, houses or rental properties that can function as your primary house. No matter what setup you pick, the experience of luxury you get to delight in stays the exact same. You and your family can succeed in an unique neighborhood with its own stunning tropical jungle, very roomy locations for different outdoor entertainment like carbonated water functions and biking, and a properly designed roadway network system and master plan. These homes will also possess different type of eco-friendly innovations for consistency with nature.

Luxury houses and condos – In a flourishing and vibrant city, it is no doubt that the abundant wishes to remain in the center of all of it. They wish to neighbor high-end dining and shopping facilities, the main enterprise zone, leisure centers, and the leading locations of travelers. For these people, a terrific piece of luxury property located in a prime place would be the important things they need. Understand that a few of these homes may deal with golf courses that can offer them with exceptional views of the lavish plant from their homes. Apart from that, the towers real estate these apartment or condos can have their own retail facilities. Therefore, locals can have whatever that they need without the need to endeavor from the neighborhood. Most significantly, locals will have year-round availability to superlative facilities.…

Getting Pre-Approved for a Real Estate Loan

What does it mean?

There is a distinction in between getting pre-qualified and pre-approved to purchase among the condominiums for sale downtown. This is why you might get pre-qualified credit card loan provides from time to time. The info generally originates from a list.

When you are pre-approved for a property loan, it means you have the ability to get that money. You can use it to purchase among the condominiums for sale downtown that you love. This procedure includes you in fact making an application for a loan, offering all your files, and finishing whatever the lending institutions has to get you authorized.

They will inform you the quantity of money you can borrow and the rate of interest. The deal is going to benefit a set time period. Generally, it is going to depend on 90 days after you have  been authorized. Equipped with this info, you can start taking a look around. When you find the place you want to make a deal on, they can help you to continue.

Know what you can afford

It does not make good sense to search for apartments for sale downtown that are beyond your rate variety. With the pre-approval procedure, you have the ability to shop within your market value. You can use filters online to find those at or listed below your authorized quantity.

If you can find among the condominiums for sale downtown that you wish to make a deal on that is less than you were authorized for, that is amazing! Not just does it mean you can purchase it, but it also means you can lower your month-to-month payments listed below what you know you can pay. That means more money for cost savings or you can use it to settle the mortgage early.

Make an Offer

You have bargaining power with the pre-qualification for a mortgage loan. When you make a deal on among those apartments for sale downtown, the seller is visiting you are currently authorized. It can be luring to them to accept the quantity you use instead of to claim another deal to come along.

Since you are currently authorized, you aren’t going to be on pins and needles after the deal, hoping you can get the cash. It is very distressing to some customers who find the ideal place but then they cannot get authorized for the loan. The closing can be carried out in less time too if you currently have your loan approval finished.

In some cases, there are credit report concerns that avoid somebody from getting the loan. Learning about them early on before you take a look at property can be useful. It offers you time to evaluate the circumstance and to work to clear it up. Then you can move on with purchasing a place and not have unforeseen surprises crash your dream.

Is It Good To Let Your House Stay On The Market During Holidays?

If you think that just the warmer months of the year ready times to offer your house, reconsider. The chillier months brought by the approaching vacation is also a great chance to offer your house. Noted listed below are a few of the factors you can benefit from.

Less resident offer throughout vacations


The vacations, particularly Christmas, send out signal to many house owners that it is an unsuitable time to let their houses remain on the seller’s market. Many house owners are also hectic with their wish list, gift-giving, and Christmas parties.

This develops a special chance for you because there will be less rivals. This means more possibilities for your house to obtain observed by more purchasers who are also seizing the day to purchase their brand-new houses.

One safety measure to observe is to have your house in its best show condition. Have it clean, basic, and appealing.

Home purchasers throughout the vacations are severe purchasers

The Christmas season is a time when the majority of people hectic themselves with different activities associated with this joyful time of the year. Do you think home purchasers throughout this time will lose their times simply to make fun of the houses noted in the seller’s market?

There are different factors triggering home purchasers to get the vacations as a more severe time to purchase a house. There are some who are moving when the year modifications. There are also some people who purchase houses for tax factors. Some purchasers also get the vacation getaways to really perform ocular of your homes they see on listings.

And because the vacations are a very hectic time, make sure to change your revealing times to the schedules of prospective home purchasers.

Less inconveniences to make your house appealing

Home staging might be a tough procedure to house owners. But because you are offering your house in a time when designs are fittingly great additions inside and outside your house, you can be sure that it will bring less inconvenience to make it more appealing.

Make certain to include designs that will make the total environment jubilant. Do not over embellish that will have the tendency to make your house look messy. You can let your house be a mirror of a home in which your prospective purchasers can picture themselves commemorating their next vacations on it.

If your house has invested months in the seller’s market. Do not lose hope. This vacation can be the ideal chance for purchasers to see it.

And if you need some expert help, your local realty representative is always a call away to provide his/her competence.