Category: Buyer

Apply These 5 Secret Techniques To Improve 5 MUST KNOW ESSENTIAL ELEMENTS OF SUCCESSFUL PROPERTY INVESTMENT

What’s My Home Value?

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

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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 BelowValue.pdf

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

 

Questions / Need Help? #AskRealtorMani

 

Get 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

Are you Investing or Gambling?

Property Investment is never about luck or emotional buying. On many occasions, we see consumers hopping from different new project show units just to find “the Right One”. But how exactly will this “Right one” presents itself in the face of consumers?

If you had answered “Ambience” and “Feel” of the unit, you are emotional buying. Many times, these feelings have clouded the analytical skills of the consumers, making them overlook other critical aspects such as the land appreciation, location, sensitive pricing/discounts and market sentiments. By the time when the consumers are prospecting for new house, they will themselves in situation where their current property is not fetching the desired price and they have missed the opportune time to enter the market.

Real investors are clear with their goals and what they want out of their property investments. They do not rely on hope that the market will one day, change in their favour. Rather, they are aware of the cycle and when to make the “Right move”.

So, are you an investor or gambler? If you are determined to be a savvy investor, you will definitely be interested in the following.

How do you Determine the Right Cycle, the Right Time and Right Price to Enter?

At the first, second and even third glance, you may not be able to figure out all the information which this chart is trying to convey. However, if you study in detail or with some guidance, you will be able to mark out a certain trend that is brewing in the market.

Based on this cycle, you can also identify the best opportune time and price to enter the market. 

So the Question now is:

Is This the Right Time to Buy in Today’s Market?

Just understanding the cycle is not sufficient. 

Here are the 5 Essential Elements which you Must Know in order to build Successful Investment Portfolio in CCR Segment:

1. What are the Impacts of the Latest Announcement of the Reduction in Government Land Sale?

2. Supply vs Demand

Should we buy when the supply is plenty in the market?

3. Location vs Entry Price

Which is more important? Many always think that buying a good location near MRT is the safest bet as it is easier to rent out. However, is that really true?

4. New Launch vs Resale Property

Are you aware which one is likely to drive higher profit margin?

5. How can we secure the First Mover Advantage?

FIND THE ANSWERS FROM MANI

Why Ignoring 5 QUESTIONS BEFORE BUYING AN OLD CONDO Will Cost You Time and Money

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 BelowValue.pdf

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

 

Questions / Need Help? #AskRealtorMani

 

Get 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

Savvy Buyers Ask These 5 Questions Before Buying an Old Condo

1. Is there an en-bloc committee going around?

If an en-bloc happens in the first three years, you still need to pay the SSD

No, it’s not so you can rub your hands in glee and count on a windfall. It’s to ensure you don’t end up losing money.

2. Are those leaks a problem with your unit, or with the entire block?

You can fix up your own unit – but fixing an aging block takes collective action

Do you see any leaks in the ceiling? That’s quite common in older condo units. But the key is to make sure the problem is within your control.

3. What is the property’s history of rental transactions (even if you’re not a landlord)?

You can check out the property’s past rental transactions on 99.co. You can also ask the property agent what type of tenants are in the development, and what the typical rental rates are. There are two reasons you want to know this:

4. What are the zoning restrictions here?

Take note of the condo’s height limitations, as well as how the area around it is zoned. For example, if the land around the development is increasingly zoned for commercial as well as residential use, it can be a sign the area is being built up into a hub – that brings long term benefits, with more amenities and better en-bloc prospects.

5. How does the remaining lease impact the financing?

Check with different banks, before taking up a loan. Many of them are hesitant to lend for condos with a diminishing lease. However, they all have different policies – one bank may not mind a condo with 40 years left on the lease, whilst another may reduce your maximum loan to a pittance.

Read more…

https://www.linkedin.com/pulse/why-5-questions-before-buying-old-condo-only-skill-mani-/

https://www.linkedin.com/pulse/do-you-know-when-best-time-exit-property-market-after-mani-/

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2 Things You Must Know About WHY DO YOU NEED A LAWYER IN THE HOME FINANCING PROCESS? The important role of your lawyers during the home purchase and financing process.

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Questions / Need Help? #AskRealtorMani

 

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

 

It’s FREE and easy, nothing to lose, just try, start now   

 

·      FREE Indicative Valuation & CMA Report for your property

·      Below Market Value Property Deals Alert

·      Insider property news and resources that property investors use.

Steps your lawyers will adopt on your behalf:

A title search to ensure the title of the property is in order, that there are no encumbrances on the property and that the Vendor is the owner of the property.

Ensure that you pay the required Stamp Duty within the statutory deadlines

If a mortgage loan or CPF savings are intended to be utilised to finance the purchase of your property, your solicitors will liaise with the Bank or their solicitors and the CPF Board or their solicitors

Read more…

Why TOP 5 LOWEST PRICE PROPERTIES FOR INVESTORS. FIND OUT MORE Is The Only Skill You Really Need

Why Ignoring FREEHOLD CONDOS VALUE-FOR-MONEY Will Cost You Time and Money?

Why Ignoring 20 READY TO MOVE IN CONDOS TOP IN 2018 Will Cost You Time and Money?

Why You Really Need? 9 CRUCIAL THINGS YOU SHOULD KNOW ABOUT HDB LOANS

Read all my articles

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  

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property 

·      Below Market Value Property Deals Alert

 

Questions / Need Help? #AskRealtorMani

 

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

 

It’s FREE and easy, nothing to lose, just try, start now   

 

·      FREE Indicative Valuation & CMA Report for your property 

·      Below Market Value Property Deals Alert 

·      Insider property news and resources that property investors use.

1. The HDB loan doesn’t always cover 90 per cent of your flat price

First, note that HDB loans can cover up to 90 per cent of your flat price or valuation, whichever is lower. If you buy a resale flat at higher than the valuation, you’ll have to top up the difference in cash.

2. There is a 30-month wait time if you just disposed of a private property

If you just sold off a private property, you need to wait at least 30 months before you’re eligible for an HDB loan. This also applies to private property that was inherited, or given as a gift.

3. Not every type of income is considered when determining your loan amount

Note that certain types of income won’t help you to secure an HDB loan.

4. The age of the flat you’re buying affects your CPF use

If the remaining lease on the flat is 29 years or under, you cannot use your CPF money to buy it.

5. The interest rate for HDB loans is not really “fixed all the way”

HDB loans are loosely referred to as being fixed, because they have not changed for a long time. However, it is not true that your HDB loan interest rate “cannot” change.

6. You may be allowed to defer the income assessment

Still in NS right now? Check if you’re able to defer your income assessment

7. If you’re self-employed and don’t get payslips, make sure you accurately declare your income to IRAS; otherwise you can’t get a loan

Say you run a cash business of your own (e.g. you are paid in cash to give cooking classes, tutor students, or do odd jobs). Chances are, you don’t really have regular payslips from your client.

8. It’s not just the TDSR, there’s the MSR too

The Mortgage Servicing Ratio (MSR) restricts your home loan repayment to just 30 per cent of your monthly income. Note that this is different from the Total Debt Servicing Ratio (TDSR).

9. You cannot own more than one commercial property if you want an HDB loan

5 MISTAKES FIRST-TIME HOME BUYERS SHOULD AVOID Is Essential For Your Success. Read This To Find Out Why

Wondering How To Own a Property? NO ABSD (ADDITIONAL BUYER’S STAMP DUTY) FOR THESE PROPERTIES. FIND OUT WHY? Rock? Read This!

Read all my articles

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  

  

What you will get

 

·      FREE Indicative Valuation & CMA Report for your property 

·      Below Market Value Property Deals Alert

·      Insider property news and resources that property investors use.

 

Questions / Need Help? #AskRealtorMani

 

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

 

It’s FREE and easy, nothing to lose, just try, start now   

 

·      FREE Indicative Valuation & CMA Report for your property 

·      Below Market Value Property Deals Alert

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

8 considerations before buying commercial space

With the recent implementation of the Additional Buyer’s Stamp Duty or ABSD for private residential properties, foreign investors still interested in Singapore property are entering the less stringent commercial market as they wait to see the long term ramifications this new policy will have on the residential market in the near future.

For a first-time commercial investor, there are a few things to consider before you embark upon your investment. Even though commercial property may provide a higher yield than residential property, it is highly dependent upon factors such as re-zoning, new developments in the area and infrastructure.

For instance, the property you are looking at buying may have a record for strong sales due to its proximity to several densely occupied condominiums and HDB flats, not to mention it is within convenient distance to the nearest MRT station. However, if some of these developments are put through an Enbloc sale, the land is repossessed or the amount of human traffic cut down significantly for whatever reason, the price of the commercial property may drop. This in turn means that the ability for the property owner to churn a profit to pay for the mortgage and to sustain the business would also deteriorate.

In such a scenario, shop owners/renters may move out due to poor business and the property will eventually lose its ability to make a profit unless its business method is realigned.

With that being said, however, the steady stream of foreigners entering land scarce Singapore offers the perception that more developments will be springing up, especially in areas of the island which were once green and moderately populated. As a result of the growing populace, more New Towns are cropping up and more retail outlets and offices are being built to service this bloom.

Commercial property then seems like a sure bet for investors, new and veteran alike, but as mentioned above, there are a few things you will want to look out for before plunging into this sector.

Ø  Types of Commercial Property: Before you even start investing, you will need to determine the property type you want. Are you interested in retail such as shopping malls or do you prefer office buildings? Maybe you want to buy something in the Industrial sector such as a factory or a warehouse. Whatever you choose, ensure that the property is healthy. What this means is that the property should have the potential to be rented out as well as being sold in the future. In this regard, investing in commercial property is similar to investing in residential property; whatever you choose has to make you a profit in the end.

 

Ø  Tenure: Most properties in Singapore are leasehold due to land scarcity although there are some which are freehold. Leasehold properties are naturally cheaper than freehold but if the rental income can cover your mortgage, the tenure should not really be a concern. As most investors intend to sell their property and move on to the next one once they generate profit, it makes sense for you to choose a tenure type matching your initial budget.

 

Ø  Location: This is arguably one of the most important aspects in your decision making. Location is affected by the tenure and type of property you are looking for. Those two are in turn affected by your chosen location. For example, if you are looking at investing somewhere in Woodlands or Punggol, the only types available to you may be Industrial with 60 years leasehold. Pre-determining your location first will help shape your future decisions but you should approach this with the same intention as you would residential property; it must have the potential to be rented out and/or sold at a profit.

 

Ø  Rental Income: Location also as an effect on the rental potential of a property. Properties located in highly dense areas that are also close to MRT stations and bus terminals will certainly see more interest from retail tenants. If they have the ability to make good money from high human traffic, you would too.

 

Ø  GST: If you are an individual buying property, be aware of the 7% GST you will have to absorb in addition to paying the valuation price for the property. If you own a company and are purchasing the property through your company, then you can consider being GST registered to claim back the GST amount. However there are many requirements put forth by IRAS before you can claim, so it would be best to check with them on your eligibility.

 

Ø  Property Tax: This is a flat rate of 10% for all non-residential properties so factor this amount into your rental yield calculation.

 

Ø  Mortgage Loans: Most banks provide up to 80% loan of the property value with a payback period of anywhere between 15 to 20 years. It is because of this that you should pick the best location for you depending on your budget and rental yield as there is a strong possibility that your rental income may not be able to cover the mortgage in the initial period. However, if your property is in a good location, it is possible to command a higher rental yield to bridge the gap quicker.

 

Ø  Additional Costs: All other costs affiliated but not related to obtaining the property are also to be taken into consideration. Such costs are incurred from but not limited to maintenance and renovations fees. As owner of the property, you are responsible for the daily upkeep and workability of the property. In order to churn a profit and keep a steady income, you will need to maintain your investment in the best condition.

Read more…