How to Calculate Your Retirement Needs?

Here’s the truth, staying as a corporate slave isn’t going to work out for anybody.

  • Artificial intelligence is disrupting jobs and the way you work, almost replacing you in fact. You don’t want to end up working in MacDonald’s, washing toilets, or cleaning tables for money.
  • You face the situations whereby you have short careers, but long liabilities like home loans.
  • Home loans you owe to the bank make you cash tight and time strapped to start a side business
  • You aren’t born rich, and the advantage from coming from a wealthier family is increasing
  • The money making decisions at an earlier age magnifies into HUGE advantages in adult life.

Here’s how much money you need to save to retire on a beach and play golf all day by age 40

https://www.businessinsider.sg/how-to-retire-by-40-2017-6/

Retirement calculator

https://www.nerdwallet.com/investing/retirement-calculator

How Realistic Is An Early Retirement Goal In Singapore?

https://www.imoney.sg/articles/early-retirement/

How Much Singaporeans Need To Save Now To Retire At 55 Or 62 Years Old

How Much Do I Need For Retirement In Singapore If I Only Spend $1,500 Per Month

There’s a simple calculation to determine how much you need to have saved before you can retire

https://www.businessinsider.sg/how-to-retire-by-income-2017-6/?r=US&IR=T

How to Calculate Your Retirement Needs

https://www.thebalance.com/how-to-calculate-your-retirement-needs-4061547

Determine your retirement needs

https://www.moneysense.gov.sg/articles/2018/10/determine-your-retirement-needs

How Much to Save for Retirement + Steps to Figure out Your Needs

https://www.areyouready.sg/YourInfoHub/Pages/Views-How-Much-to-Save-for-Retirement-Steps-to-Figure-out-Your-Needs-BankBazaar.aspx

Retirement Calculator

https://www.cpf.gov.sg/eSvc/Web/Schemes/RetirementCalculator/CoverPage

Retirement calculator

https://www.nerdwallet.com/investing/retirement-calculator

Retirement Calculator

https://smartasset.com/retirement/retirement-calculator#BG4PsoK3yG

Retirement

Retirement should be a time of relaxation. But the reality is that this phase of your life can bring big financial changes. Use our handy calculator to work out the amount you’ll need, to comfortably enjoy your golden years.

https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/retirement.html

Can you preserve your current lifestyle when you retire?

https://www.sc.com/sg/priority/retirement-planning-calculator/

YOUR RETIREMENT PLAN

begins here

https://www.income.com.sg/savings-and-investments/retirement/retirement-calculator/index.html

21% of Americans don’t have enough saved for retirement—this simple formula will show you if you’re on track

https://www.cnbc.com/2018/07/17/how-to-figure-out-how-much-money-you-need-to-retire.html

$1 million may not last you in retirement—here’s how to figure out how much you need

https://www.cnbc.com/2018/04/11/how-to-figure-out-how-much-money-you-need-to-retire.html

How Much Do You Need To Have Saved For Retirement? (At Age 30, 40, 50, 60, And Even 65)

https://www.moneyunder30.com/how-much-do-you-need-to-have-saved-for-retirement

The Shockingly Simple Math Behind Early Retirement

There’s a simple calculation to determine how much you need to have saved before you can retire

https://www.businessinsider.in/theres-a-simple-calculation-to-determine-how-much-you-need-to-have-saved-before-you-can-retire/articleshow/59476271.cms

How Much You Should Have Saved (By Age)

https://www.investopedia.com/retirement/how-much-you-should-have-saved-age/

Top 100 Condos. WHY En Bloc is important? HOW to identify them? WHAT next?

https://www.linkedin.com/pulse/top-100-condos-why-en-bloc-important-how-identify-mani-/

How Much You Need To Retire in Singapore & How You Can Get There

How can Property Auction Benefits you?

https://www.linkedin.com/pulse/how-can-property-auction-benefits-you-mani-subramanian-veeramani/

How much upfront cash do you need to buy a Singapore condo now?

https://www.linkedin.com/pulse/how-much-upfront-cash-do-you-need-buy-singapore-condo-mani-/

Why Executive Condominium For Singaporean? Find out more

https://www.linkedin.com/pulse/why-executive-condominium-singaporean-find-out-more-mani-/

What to Do About Your Mortgage if You Get Retrenched

https://www.linkedin.com/pulse/what-do-your-mortgage-you-get-retrenched-subramanian-veeramani/

How can Property Auction Benefits you?

How can Auction Benefits you?

If you are interested to put up the properties for auction, please Click Here

OUR SERVICES

OUR CLIENTS

https://www.propnex.com/corporatesales

Surprising Things About Singapore Property Auctions

Property Auction: How to Buy a House in Distressed Sales and More

https://singaporelegaladvice.com/law-articles/buy-house-property-auction-singapore/

Property Auction: What are they, and how you can gain from them

Auction Guide – Buyer

Advising and managing all aspects of an auction sale for both private and public vendors.

https://www.colliers.com/en-gb/singapore/services/stratapropertiesauctionservices/propertyauctionsessions

Auction Information

https://www.jll.com.sg/en/auctions

Singapore Property Auctions

https://www.knightfrank.com.sg/auction

Could 2019 Be a Year of Mortgagee Sales?

PropNex Announces New HDB Auction

Singapore Property Auctions

https://www.knightfrank.com.sg/auction

102 Results Of Property For Sale, Auction In Singapore.

Property Auction by ERA (Year 2019)

https://www.edgeprop.sg/property-events/property-auction-era-year-2019

Property Auction by Colliers International (Year 2019)

https://www.edgeprop.sg/property-events/property-auction-colliers-international-year-2019

Auction listings double y-o-y in 1Q2019

https://www.edgeprop.sg/property-news/auction-listings-double-y-o-y-1q2019
https://www.edgeprop.sg/tags/auction

Read more…

https://www.linkedin.com/in/askrealtormani/detail/recent-activity/posts/

Top 100 Condos. WHY En Bloc is important? HOW to identify them? WHAT next?

https://www.linkedin.com/pulse/top-100-condos-why-en-bloc-important-how-identify-mani-/

How much upfront cash do you need to buy a Singapore condo now?

https://www.linkedin.com/pulse/how-much-upfront-cash-do-you-need-buy-singapore-condo-mani-/

Why Executive Condominium For Singaporean? Find out more

https://www.linkedin.com/pulse/why-executive-condominium-singaporean-find-out-more-mani-/

What to Do About Your Mortgage if You Get Retrenched

https://www.linkedin.com/pulse/what-do-your-mortgage-you-get-retrenched-subramanian-veeramani/

https://www.linkedin.com/pulse/buying-property-how-much-can-you-afford-mani-subramanian-veeramani/ Buying a property, How much can you afford?

Top 100 Condos. WHY En Bloc is important? HOW to identify them? WHAT next?

WHY En Bloc is Important? HOW to identify them? What Next?

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Collective Sale Dynamics 

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Top condos with en bloc potential

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Questions? Need Help? #AskRealtorMani

www.facebook.com/AskRealtorMani

Contact Mani

https://evaunt.me/sl1FG6/Mani

 +65 8300 4411 www.bit.ly/ClickToWhatsApp

https://www.messenger.com/t/AskRealtorMani

www.linkedin.com/in/AskRealtorMani

www.facebook.com/AskRealtorMani

www.askrealtor.sg

https://www.linkedin.com/in/askrealtormani/recent-activity/posts/
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Questions? Need Help? #AskRealtorMani

www.facebook.com/AskRealtorMani

Contact Mani

https://evaunt.me/sl1FG6/Mani

 +65 8300 4411 www.bit.ly/ClickToWhatsApp

https://www.messenger.com/t/AskRealtorMani

www.linkedin.com/in/AskRealtorMani

www.facebook.com/AskRealtorMani

www.askrealtor.sg

https://www.linkedin.com/in/askrealtormani/recent-activity/posts/
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Questions? Need Help? #AskRealtorMani www.facebook.com/AskRealtorMani

Contact Mani

https://evaunt.me/sl1FG6/Mani

 +65 8300 4411 www.bit.ly/ClickToWhatsApp

https://www.messenger.com/t/AskRealtorMani

www.linkedin.com/in/AskRealtorMani

www.facebook.com/AskRealtorMani

www.askrealtor.sg

https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

en bloc Search results

https://www.edgeprop.sg/property-news-search?combine=en%20bloc&field_tags_tid=en%20bloc

En-bloc effect? Prices of condos in non-central locations up by 4.5 per cent: SRX

https://www.todayonline.com/singapore/en-bloc-effect-prices-condos-non-central-locations-45-cent-srx

EN BLOC SALES

https://www.straitstimes.com/tags/en-bloc-sales

En bloc deals drive Q1 property investment sales up 89% year on year to $11b: Colliers

https://www.straitstimes.com/business/property/en-bloc-deals-drive-q1-property-investment-sales-up-89-y-o-y-to-11b-colliers

En bloc Sales for Dummies – What Happens when a Property goes En bloc

En Bloc Sales – how does it work?

En Bloc Potential: 7 Reasons Why a Collective Sale Tender Fails

En Bloc Sales – How does it work?

4 reasons why Singapore’s en bloc fever has well and truly ended

Leasehold property: What happens when 99 years runs out?

Riding the en bloc fever wave

What is Share Value, and How does it Affect En-bloc Sales Proceeds?

Will your condo be put up for en-bloc?

https://www.edgeprop.sg/en-bloc-calculator

En Bloc: Hitting The Jackpot, Or More Trouble Than It’s Worth?

https://www.propertyguru.com.sg/singapore-property-resources/property-tips/the-thing-about-en-blocs-12283

How much upfront cash do you need to buy a Singapore condo now?

https://www.linkedin.com/pulse/how-much-upfront-cash-do-you-need-buy-singapore-condo-mani-/

Why Executive Condominium For Singaporean? Find out more

https://www.linkedin.com/pulse/why-executive-condominium-singaporean-find-out-more-mani-/

What to Do About Your Mortgage if You Get Retrenched

https://www.linkedin.com/pulse/what-do-your-mortgage-you-get-retrenched-subramanian-veeramani/

Buying a property, How much can you afford?

https://www.linkedin.com/pulse/buying-property-how-much-can-you-afford-mani-subramanian-veeramani/
https://www.linkedin.com/pulse/receive-personal-property-recommendations-now-subramanian-veeramani/

How much upfront cash do you need to buy a Singapore condo now?

How much upfront cash do you need to buy a Singapore condo now?

https://www.edgeprop.sg/property-news/how-much-upfront-cash-do-you-need-buy-singapore-condo-now

How Much Do You Need To Spend Upfront When Buying A Condo?

https://www.propertyguru.com.sg/singapore-property-resources/property-tips/how-much-do-you-need-to-spend-upfront-when-buying-a-condo-10413

How much upfront cash do you need to buy a Singapore condo now?

https://sg.finance.yahoo.com/news/much-upfront-cash-buy-singapore-105732904.html

Eight-step guide to buying a new launch condo in Singapore

Condo Buyer’s Guide Part 1: How much does it cost to buy a condo in Singapore?

2018 Cooling Measures: How More Much Stamp Duty And Down Payment Will You Have To Fork Out?

https://www.imoney.sg/articles/property-cooling-measures-2018/

Step-By-Step Guide: Buying a Resale Private Property in Singapore

How much cash do you when buying a Private Residential Property or Executive Condo in Singapore?

Understand the costs of buying a home

https://www.moneysense.gov.sg/articles/2018/10/understand-the-costs-of-buying-a-home
https://www.linkedin.com/pulse/why-executive-condominium-singaporean-find-out-more-mani-/

HDB Vs. CONDO Is Essential For Your Success. Read This To Find Out Why

https://www.linkedin.com/pulse/hdb-vs-condo-essential-your-success-read-find-out-why-mani-/

5 Reasons for Not Buying an Old Resale Flat

https://www.linkedin.com/pulse/5-reasons-buying-old-resale-flat-mani-subramanian-veeramani/

Receive personal property recommendations now!

https://www.linkedin.com/pulse/receive-personal-property-recommendations-now-subramanian-veeramani/

Buying a property, How much can you afford?

https://www.linkedin.com/pulse/buying-property-how-much-can-you-afford-mani-subramanian-veeramani/

What to Do About Your Mortgage if You Get Retrenched

https://www.linkedin.com/pulse/what-do-your-mortgage-you-get-retrenched-subramanian-veeramani/

Questions? Need Help? #AskRealtorMani 

Contact Mani

https://evaunt.me/sl1FG6/Mani

 +65 8300 4411 www.bit.ly/ClickToWhatsApp

https://www.messenger.com/t/AskRealtorMani

www.linkedin.com/in/AskRealtorMani

www.facebook.com/AskRealtorMani

www.askrealtor.sg

www.calendly.com/askrealtormani 

https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

Why Executive Condominium For Singaporean? Find out more

https://www.linkedin.com/pulse/why-executive-condominium-singaporean-find-out-more-mani-/

Why Executive Condominium For Singaporean? Find out more…

Posted by AskRealtorMani on Saturday, 22 June 2019

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5 reasons why the upcoming 2019 Punggol EC Piermont Grand on Sumang Walk will be another sell-out

1) High demand but a limited supply of executive condominium units

2) The big boom in District 19

3) Government masterplan of Punggol

4) And who can resist waterfront living?

5) Huge upside in ECs after the 5 year mark

Read more…

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Top 8 Reasons to buy Piermont Grand EC

Lowest Entry Price to own a new unit with condominium lifestyle. (Priced at around 20% – 30% lower than new private condominium).

Walking distance to Punggol MRT Station and Punggol Digital District.

Greater potential for appreciation over time compare to private condominium and HDB.

Eligible to enjoy up to $30,000 CPF grants.

Piermont Grand EC is by renowned developer, City Development Limited (CDL) which deliver high standard of finishing.

Mortgage Servicing Ratio (MSR) to calculate your loan amount to ensure affordability.

There is no Additional Buyer Stamp Duty (ABSD) payable.

Deferred Payment Scheme available.

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Reasons why you should consider Piermont Grand EC

1. Piermont Grand EC @Sumang Walk is located at the heart of upcoming Punggol Digital District, a vision of Singapore’s Smart Nation effort, from 2023.

2. Piermont Grand EC is within walking distance to Punggol Waterway Point Mall & Punggol MRT.

3. Residents get to enjoy a vibrant living environment with 4.2km long waterway offering greenery, promenades and various outdoor activities.

4. It is the only EC new launch in 2019, a definite investment for people who desires living in private apartment at the same time enjoy huge potential upside when MOP.

*This section will be updated when more information about Piermont Grand EC @Sumang Walk becomes available.

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How the Sumang Walk EC could affect broader property prices

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Sumang Walk EC Site Attracts 17 Bids

https://www.propertyguru.com.sg/property-management-news/2018/2/169661/sumang-walk-ec-site-attracts-17-bids
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3 reasons why Sumang Walk is a property hotspot

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Piermont Grand EC – Punggol Digital District

The Idea that EC Condo Sure Makes Money. We Explore a Case Study

https://www.iproperty.com.sg/news/11-factors-to-consider-before-buying-an-executive-condo-in-singapore/

Who Should Buy an Executive Condominium?

The Idea that EC Condo Sure Makes Money. We Explore a Case Study

I will share more about Piermont Grand EC @Sumang Walk by CDL 

– The only Executive Condo in 2019 expected to launch in mid-2019.  

Would you be interested to learn more about eligibility, application procedure, availability and price, date, etc 

Facts to consider before buying an Executive Condo, Why buy an Executive Condominium?  

and to be kept up to date with the latest information today.

Interested, shall I share more? ==>> Yes!

Questions? Need Help? #AskRealtorMani 

Contact Mani

https://evaunt.me/sl1FG6/Mani

 +65 8300 4411 www.bit.ly/ClickToWhatsApp

https://www.messenger.com/t/AskRealtorMani

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https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

Buying a property, How much can you afford?




Here’s The Salary You Need To Earn To Afford These Homes





How Much Do You Need To Earn To Afford A Private Property In Singapore?



The DOs and DON’Ts of buying your first home



What Can You Afford To Buy?




Buying a property: How much can you afford?




Is this a single or joint purchase?




Here’s The Salary You Need To Earn To Afford These Homes In Singapore



Here’s The Salary You Need To Earn To Afford These Homes In Singapore






5 Reasons for Not Buying an Old Resale Flat

https://www.linkedin.com/pulse/5-reasons-buying-old-resale-flat-mani-subramanian-veeramani/




HDB Vs. CONDO Is Essential For Your Success. Read This To Find Out Why https://www.linkedin.com/pulse/hdb-vs-condo-essential-your-success-read-find-out-why-mani-/




Why are Most FOREIGNERS BUYING A PROPERTY IN SINGAPORE Fail? https://www.linkedin.com/pulse/why-most-foreigners-buying-property-singapore-fail-mani-/





5 Problems Everyone Has With DIFFICULTY IN FINDING A SUITABLE PROPERTY – How To Solve Them


https://www.linkedin.com/pulse/5-problems-everyone-has-difficulty-finding-suitable-mani-/




Singapore Property – Latest Market News

Singapore Property Market News & Information – PropertyGuru.com.sg





Be the first to know the latest property news, articles, deals, etc.

Recently I posted some real estate related articles and opportunities.

Check it out. 900+ tips for property buyers and sellers

Click Here >> https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

Security Check Required




Please Like, Comment & Share http://askrealtor.sg 

New Launches https://www.linkedin.com/company/propnex-realty/  

Useful resources:

mySG Home




DOWNLOAD Condo Price.pdf




My listings http://mani.myweb.sg/agent-listings




My profile https://www.srx.com.sg/manis







6 TIPS TO MANAGE YOUR FINANCES IF YOU’VE JUST BEEN RETRENCHED

6 TIPS TO MANAGE YOUR FINANCES IF YOU’VE JUST BEEN RETRENCHED 6 tips to manage your finances if you’ve just been retrenched

What to Do About Your Mortgage if You Get Retrenched

What to Do About Your Mortgage if You Get Retrenched – 99.co

What to do about your mortgage if you get retrenched

What to do about your mortgage if you get retrenched

5 Things to Do Immediately if You Get Retrenched

5 Things to Do Immediately if You Get Retrenched

Mortgage Insurance in Singapore – How To Compare & Decide Which Is Best For You Mortgage Insurance in Singapore – How To Compare & Decide Which Is Best For You

What to Do About Your Mortgage if You Get Retrenched

What to Do About Your Mortgage if You Get Retrenched – Amy Lim Property

Help! I’ve been retrenched Help! I’ve been retrenched

Common Money Mistakes You Make Upon Retrenchment

Common Money Mistakes You Make Upon Retrenchment

Help! I’ve been retrenched Help! I’ve been retrenched

5 Reasons for Not Buying an Old Resale Flat

https://www.linkedin.com/pulse/5-reasons-buying-old-resale-flat-mani-subramanian-veeramani/

HDB Vs. CONDO Is Essential For Your Success. Read This To Find Out Why https://www.linkedin.com/pulse/hdb-vs-condo-essential-your-success-read-find-out-why-mani-/

Why are Most FOREIGNERS BUYING A PROPERTY IN SINGAPORE Fail? https://www.linkedin.com/pulse/why-most-foreigners-buying-property-singapore-fail-mani-/

5 Problems Everyone Has With DIFFICULTY IN FINDING A SUITABLE PROPERTY – How To Solve Them

https://www.linkedin.com/pulse/5-problems-everyone-has-difficulty-finding-suitable-mani-/

Singapore Property – Latest Market News

Singapore Property Market News & Information – PropertyGuru.com.sg

Be the first to know the latest property news, articles, deals, etc.

Recently I posted some real estate related articles and opportunities.

Check it out. 900+ tips for property buyers and sellers

Click Here >> https://www.linkedin.com/in/askrealtormani/recent-activity/posts/

Security Check Required

Please Like, Comment & Share http://askrealtor.sg 

New Launches https://www.linkedin.com/company/propnex-realty/  

Useful resources:

mySG Home

DOWNLOAD Condo Price.pdf

My listings http://mani.myweb.sg/agent-listings

My profile https://www.srx.com.sg/manis

=======================================

I’m Buyer:

Buyer – #AskRealtorMani @ 8300 4411   

I Have Questions: AskRealtorMani  

I want to Join Group: Tips for First Time Home Buyers Singapore (HDB, Condos & Landed) LinkedIn

I’m Seller:

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I Have Questions: AskRealtorMani 

I want to Join Group: Tips for First Time Home Sellers Singapore (HDB, Condos & Landed) LinkedIn 

I’m Landlord: 

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I Have Questions: https://www.facebook.com/pg/AskRealtorMani/services/?service_id=1352397144879793 

I want to Join Group: Tips for First Time Landlords Singapore (HDB, Condos & Landed) LinkedIn 

 

  

I’m Tenant: 

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I Have Questions: https://www.facebook.com/pg/AskRealtorMani/services/?service_id=1634372749946300 

I want to Join Group: Tips for First Time Tenants Singapore (HDB, Condos & Landed) LinkedIn 


Why Ignoring PROPERTIES SELLING BELOW VALUATION Will Cost You Time and Money?

689 Total Private Units selling for asking prices below X-Value

Properties Below Valuation

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

Properties Below Valuation

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Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

Properties Below Valuation

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get a notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

Properties Below Valuation

Are you UNDER or OVER estimating what you could AFFORD for your New Home?

Consumer Empowerment Seminar 1 June

What’s My Home Value?

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

DOWNLOAD

Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get a notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

Think like an Investor, NOT a Homeowner

Are you having a Financial Nightmare Do your Homework: Understand the TRENDS

to buy your DREAM home?

Have you ever envisioned your dream home? How will it look like and what should be equipped inside? As you scroll through social media or flip to the shopping channel on TV, have you come across beautifully designed home that added more ideas to your dream home?

Sadly, there IS really a difference between expectation and reality. No matter how we envision our home to be, our budget will always put a restraining order to our dream. After buying our home, there really isn’t much budget to work around with.

Are you UNDER or OVERestimating what you could

AFFORD for your New Home?

Here are the various costs to consider when getting your new home: 

– Stamp Duty, Home Insurance, Taxes, Inspection, Interior Design, Furnishing and the list goes on…

Improper planning will lead you into a financial nightmare where your savings and monthly income no longer sustain your monthly expense – Mortgage etc. On the other note, it is also possible that you underestimate what you can afford and not maximising the potential you can achieve from your property purchase. 

Think like an Investor, NOT a Homeowner

Owning a property does not make you an investor if you do not plan like one. Being an investor, you target to achieve a return from your investment. Your dream home probably will not be attained through your first property but the subsequent property which you never thought you can buy.

Do your Homework: Understand the TRENDS

Never Buy on Impulse! You need the statistics to back you on every purchase. Which type of property should you be looking into?

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According to PropNex’s Research, a total of 1,838 Private New Homes (excluding ECs) were sold by the developers, reflecting a steady growth in demand. It was closely comparable with the previous quarter. On a yearly comparison, this was a 16.3% year-on-year (y-o-y) surge in the number of units sold as compared to the first quarter of 2018, whereby 1,581 units were sold.

On the other hand, there were a total of 1,858 Private Resale Transactions (Excluding ECs) in the first quarter of 2019. This was a 5.7% (Q-o-Q) decline as compared to the 4th quarter of 2018, which recorded 1,971 private resale transaction.

But what do these figures mean?

There is no need to worry if you do not understand these figures. What you probably need is an impartial voice to guide you through when you are doing your research. We welcome you to join us for our Consumer Empowerment Seminar!

PropNex Consumer Empowerment Seminar

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Happening on 1 June 2019 (Sat), 10am

SMART Auditorium, PropNex Branch Office

190 Lorong 6 Toa Payoh #03-512 Singapore 310190

Find out how to Replicate My Success

What are the 5 ways to build your wealth with Property Investment?

_______

1. The Concept of Leveraging

2. Spot Value Buys and Crucial Market Entry Point

3. Hold or Sell? How to identify the cycle for maximum gain in your investment?

4. Is it really true that you can Profit from Multiple Properties?

5. Is the Grass Greener on the other side? Should you invest in Foreign Properties?

CEO of PropNex Realty

Mr. Ismail Gafoor

 

His passion as an outstanding entrepreneur prompted him to start PropNex and through sheer dynamism, has grown it into a property giant with thousands of salespersons under his stewardship.

He has spoken about property investments to various organisations and numerous events, both locally and abroad. He is currently the keynote speaker at the quarterly Consumer Empowerment Seminars, with close to 1,000 attendees each session, empowering home owners, savvy investors of property market trends for more informed decisions. His views and insights on the property scene are much sought after given his inspirational communication skills, ability to lead, motivate and influence people.


Buying Property In Singapore As A Foreigner

BUYING PROPERTY IN SINGAPORE AS A FOREIGNER Is Essential For Your Success. Read This To Find Out Why

What’s My Home Value?

DOWNLOAD: Condo Price, How much, Can I afford?

Read all my articles

DOWNLOAD

Property Market Outlook 2019

http://bit.ly/DOWNLOADPropertyMarketOutlook2019

I will be glad to guide you personally “How to buy and/or sell your property like a Pro” One-to-One Online real-time web-based coaching anytime, anywhere on your PC or mobile.  Questions ? #AskRealtorMani 📞 💬 83004411 http://bit.ly/ClickToWhatsApp 

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

 

Questions / Need Help? #AskRealtorMani

 

Get a notification for Below Market Value Property Deals Alert, Returned Units, Clearance Sale, Auction Properties, Indicative Valuation Reports, Property Insider News http://bit.ly/ClickToWhatsApp UPTOWN @ FARRER Send me the Brochure, Price List, Unit types & Availability

 

It’s FREE and easy, nothing to lose, just try, start now  http://bit.ly/ClickToWhatsApp 

 

·      FREE Indicative Valuation & CMA Report for your property http://bit.ly/CMAHomeReport

·      Below Market Value Property Deals Alert http://bit.ly/BelowValue

·      Insider property news and resources that property investors use. http://bit.ly/CondoPrice

What You Can And Cannot Buy

Under the Residential Property Act, a foreigner can buy public housing or private property without approval from the Singapore Land Authority (SLA).

Public Housing

The public housing market falls under the Housing and Development Board (HDB) with certain restrictions.

Eligibility

Here are several property types that foreigners are eligible to buy:

  1. A single non-Singapore Permanent Resident (SPR):
  • A resale Executive Condominium (EC) that is more than 10 years old
  1. A single SPR
  • A resale EC that is more than five to nine years old
  1. A couple (both SPRs)
  • A resale HDB flat
  • A resale EC that is more than five to nine years old
  • A resale EC that is more than 10 years old
  1. A couple (one SPR and a non-SPR)
  • A resale EC that is more than five to nine years old
  • A resale EC that is more than 10 years old
  1. A couple (both non-SPRs)
  • A resale EC that is more than 10 years old

Private Property

The private property market covers the private residential sector. 

Eligibility

Here are the common property types that foreigners are eligible to buy:

  • An apartment or condominium unit
  • A strata landed house in an approved condominium development
  • A leasehold estate in a landed residential property for a term not exceeding seven years, including any further term which may be granted by way of an option for renewal
  • A landed property on Sentosa Cove

Restrictions

There are restrictions when buying a landed property on the main island of Singapore.

As such, you will need to write to the Land Dealings Approval Unit when looking to purchase the following:

  • Vacant residential land
  • Terrace house
  • Semi-detached house
  • Bungalow/detached house
  • Strata landed house which is not within an approved condominium development under the Planning Act (e.g. townhouse or cluster house)
  • Shophouse (for non-commercial use)

The approval is on a case-by-case basis.

Applicants stand a better chance if they can show proof that they have made an “exceptional economic contribution to Singapore”, as SLA puts it.

How To Apply

You can contact SLA at the following address:

Land Dealings Approval Unit

Singapore Land Authority

55 Newton Road

#12-01 Revenue House

Singapore 307987

Tel: 6478-3444

Alternatively, you apply online at SLA’s website.

Procedures For Buying Property In Singapore

Step 1: Use The PropertyGuru’s Affordability Calculator

Now that you have a general idea of where to buy, the next step is to see if you can afford it.

Here, you can use our PropertyGuru Affordability Calculator to check the maximum property affordability based on the current government regulations and property cooling measures. This will only take around five minutes.

Step 2: Check If You Need To Pay Taxes

Foreigners are required to pay Additional Buyer’s Stamp Duty (ABSD) when buying private property in Singapore.

SPRs buying their first residential property will need to pay an ABSD rate of five percent and 15 percent for their second and subsequent residential property.

Meanwhile, foreigners will need to pay an ABSD rate of 20 percent regardless of the number of residential properties purchased.

Calculate how much stamp duty you need to pay for your Singapore property

However, there is no need to pay ABSD for US nationals or nationals and Permanent Residents from Switzerland, Liechtenstein, Norway and Iceland.

You also need to pay a Buyer’s Stamp Duty (BSD) and Mortgage Duty whether you are buying from the public or private housing markets.

Do also note you need to factor in legal fees and other administration fees.

Step 3: Go Through PropertyGuru’s Listings

Our listings provide a comprehensive selection of resale HDB flats, ECs and private condos as well as new private property launches to suit your budget and desired location.

As a general guide, you should consider proximity to nearby amenities, MRT stations, parks, economic drivers and ease of commuting to work as part of your selection criteria.

Get more insights on the right locations for your new home at AreaInsider

Step 4: Hire An Agent

An agent can help you scout for the best deals, do your financial calculations, settle your paperwork and other nitty-gritty details. They will typically charge an agent fee of one percent.

Looking to buy a home in Singapore? Speak to one of PropertyGuru’s preferred property agents and get advice

Step 5: Apply For A Bank Loan

Foreigners are only eligible for a bank loan in Singapore.

You can get up to 80 percent financing on the property’s purchase price for the first property and 60 percent for the second and subsequent property.

Bank loans are subjected to floating rates meaning their interest rate can go higher or lower.

Banks are also very strict should you default on your repayments and will not hesitate to repossess your home.

Thus, you need to set aside at least 12 months of savings, just in case.

Step 6: Make An Offer And Seal The Deal

Now that you have found your dream property in the HDB or private property market, it is time to seal the deal.

For HDB resale flats, you will need to log into the HDB Resale Portal with your SingPass.

You may refer to the resale procedure on the HDB website.

For condominiums, you will need to put down an option fee of one percent of the purchase price, secure financing and pay the remaining option fee of four percent within a month.

After this, you will need to place a downpayment of 15 percent in cash and/or CPF for SPRs.

For foreigners, you will need to pay this in cash.

Subsequently, you need to pay the remaining five percent in cash while the rest will be loaned by the bank.

Read more…