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Category: Real Estate Firms

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!…

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.…