I seem to be getting several enquiries with regards to the deferred payment scheme(DPS) recently. The general question is, why do only a selection of new projects in Singapore these days offer them. Are the prices higher if you were to take such schemes over the standard payment scheme? How did it come about? Well,[…]
Where Is The Market Heading? There has been quite a bit of confusion on where the property market is moving after the Government implemented the cooling measures in July last year. Some people firmly believe that a market correction is impending because prices are too high with an abundant supply in the pipeline. On the[…]
I had the opportunity to meet up with a reader a while back who had a somewhat happy problem. A beneficiary of a recent enbloc sale meant that he had to move despite pocketing a mini-windfall. My recommendation to him was simple if you are going to purchase something for your personal use, make sure[…]
We all know what the essential differences between a new launch and a resale condo are. In case, you have missed out any points. Here are all the points in bullet form. Characteristics of New Launches Versus Resale New Launches 1. The condos are generally under construction and there is a waiting period of 2[…]
Despite the government’s latest bout of cooling measure implemented on the 6th of July in 2018, high-end condos are continuing to sell in Singapore. These condos are located entirely in the core central region of Singapore where foreign ownership takes majority share. A quick search of 2 high-end developments launched after the latest measures reveals[…]
These days, anyone can sell their own houses. There are direct listing portals which can connect you directly to buyers. With tools like these, are agents essential? Is it possible to save the agent commission by going direct? After all, what the agent does is to show the house and tell people where the living,[…]
This blog post is part 2 of an ongoing series to understand if shoebox apartments make any sense. Is there a secondary demand for these units? Can you make money off these shoebox units? Series 2 will be examining these shoebox apartments at one of Singapore’s city fringe regions, Balestier. The same thing, comparison analysis follows[…]
Is this for real? Is this a scam? After all, there are plenty of advertisements like that on facebook. So, how exactly do you buy a condo with little or no cash upfront? First of all, let’s examine MAS’s regulation of purchasing a private property by a first timer who is a Singaporean. We use[…]
So, do shoebox units make any sense? Some people say they are inhuman. Some say they are not worth it due to the higher psf and maintenance fees. Of course, there are others who love the affordability and easy maintenance it brings. But are they worth the money? This post is part of a series that[…]
This blog article serves to follow up on the previous post on the effects of prices versus the reducing tenure of the property. So, does leasehold properties appreciate more in a 20-year time frame compared to freehold ones? If that is the case, does it make more sense to buy leasehold ones if you intend[…]
Does It Start When The Property Reaches 20 Years Old? So, when does leasehold properties start to depreciate? After all, when the lease reaches zero, the land technically reverts to the government. With the endpoint having nothing in value, there should be a deprecation at some point in time. The question is when does it[…]
Was J Gateway a good buy? After all, strong demand saw buyers submitting 1400 blank cheques to ballot for 738 units. All 738 units were sold out within 8 hours. It was also the same evening that the Monetary Authority of Singapore (MAS) introduced the total debt servicing ratio where 60% of your income cannot[…]