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November 21, 2017

Guide to landed property in Singapore

For educational purposes only. All copyrights belong to their respective owners.

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Want to learn more? Read on for 3 things that you need to take note of if you’re planning on purchasing landed property in Singapore!

#1: You need to be a Singapore Citizen or a PR to buy a landed home

#2: You can’t build as many levels as you please

#3: You’ll probably need to hire a professional inspector before sealing the deal on your landed home

What Is The True Cost Of Buying A Landed Home In Singapore?

Many self-styled Finance or Property gurus have touted some universal motherhood statements to people who are awed by their “brilliance” or fanfare.
Read more,,.

Home Buying Guide – Landed Property

Landed property refers to residential property where the owner owns the land as opposed to a slice of a multi-unit condominium or apartment occupying the same plot of land.
Non-Singaporeans and Permanent Residents need approval from the Singapore Land Authority to buy landed property.
Landed property also falls under the category of private residential property, thus Singaporeans can’t own both a landed property and a HDB.
Read more…

Read more…

Tips For Buying A Landed Property In Singapore

Purchasing a resale landed property is never an easy decision. In fact, this move is likely a more difficult one compared to purchasing a newly developed condominium unit – which in most cases would be presented to you in tip-top condition.
The physical condition of landed properties differs from home to home. Some may have experienced lots of mistreatment from owners, tenants or landlords, resulting in conditions that are not too ideal. If you’re fortunate enough, you may encounter the more decent properties before making your decision.
Read more,,,,

Real Estate Market Property Outlook 2017 – 2018

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10 Crucial Reasons You Should Buy A Home Before 2017 Ends

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60 Biggest Mistakes Made by

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November 21, 2017

Freehold vs leasehold condos – Which is the best choice?

For educational purposes only. All copyrights belong to their respective owners.

Leasehold versus freehold: An argument that will go on until the cows come home

Many have always debated over the issue of whether to buy a leasehold or freehold property. (In this article, we shall treat 999-year leaseholds as if they are freehold in nature.) In their quest to find out more about these two tenures of properties, one thing they will encounter is the question of what premium a freehold property commands over one that has a limited legal lifespan. However, one thing that many will notice is that wherever they turn to for an answer, there doesn’t seem to be a definitive one. Even professionals like valuers would condition their reply with an approximate percentage. Often a 10% premium is used
Read more…

Leasehold favoured over freehold properties in current en bloc fever

Developers’love for freehold property in residential en bloc sales in the past appears to have given way to a preference for leasehold assets in the current en bloc cycle.
Read more…

The big leasehold debate

Discussions about leasehold properties have dominated headlines in the first half of 2017. The debate was re-visited courtesy of a blog post in March 2017 by National Development Minister, Lawrence Wong, about how leasehold HDB flats would return to the state once its lease was up. He added that since 1995, only 4 per cent of HDB flats were identified for Selective En bloc Redevelopment Scheme (SERS). We’ve previously covered the implications of a leasehold on HDB flats here.
Read more…

Leasehold property: What happens when 99 years runs out?

Land in Singapore is held under three main leasehold types: freehold, 999-year and 99-year leases.
For properties built on freehold land, the land belongs to the leasehold owner indefinitely so there’s no need to worry about the lease running out (save for the dreaded government acquisition of course). This extends, to a certain extent, to 999-year leasehold properties as well, since 999 years is certainly long enough to house many generations with ease.
Read more…

Freehold vs leasehold: Which is better?

In land-scare Singapore, space is a luxury. A spacious property that can house three generations comfortably is increasingly rare. While many remember the brisk sales and popularity of “mickey mouse” apartments a few years ago, President Halimah’s jumbo HDB flat has brought the spotlight to larger units. So what is the attraction of a larger home?
Read more…

Freehold vs leasehold condos – Which is the best choice?

A freehold property can be held by the owner indefinitely. A 99 year leasehold property reverts back to the state, upon the expiry of its lease.
A holdover from the Colonial era are properties with 999 year leases. This is, for all intents and purposes, similar to freehold.
Read more…

Freehold vs Leasehold – which is better?

In Singapore, there are generally two types of tenure – freehold and 99-year leasehold. A 999-year lease is usually considered similar to freehold as its difference in value is negligible while banks are not expected to impose any loan limit even if the lease covers a few hundred years, revealed a report from OrangeTee Research.
Read more…

Freehold Property: Why It’s Not as Great as It Seems

Singaporeans get traditional when it comes to property. We want the land we pay for, and 99 years won’t cut it. We want our descendants holding on to it, long after the Great World War of 3012 when humanity is living off roaches and lichen. But freehold property is a monstrous cost; and are we being practical, or buying an overpriced security blanket? In this article, I examine how freehold property has conditional value. Depending on your situation, it may not be the best choice:
Read more…

Freehold vs Leasehold Singapore – A Brief Comparison

Comparing freehold and leasehold properties is indeed a tedious task. There are many factors that one needs to consider to get a better perspective between the two. The land tenure, location, price, convenience, amenities, rental potential, investment returns and all others should always be taken into account when buying a property in Singapore. Below is a brief comparison between freehold and leasehold properties so you could assess things more appropriately without being too technical.
Read more..

Is Singapore Freehold Property Always Better Than Leasehold?

Everyone desires owning a property in Singapore but we must be aware of the various property types in order for us to make the best of choices when we eventually decided to invest.
Read more…

Leasehold vs freehold: What’s the difference?

Wondering what the difference is between a leasehold and a freehold? This guide breaks down the ways you can own a property: freehold, leasehold, or leasehold with a share of the freehold. It also examines the costs and responsibilities of each, and how they affect what a property will cost to buy, sell, and maintain.
Read more…

Freehold not always better than leasehold

Apart from location, the next most important question on a home buyer’s mind is probably the tenure of the property.
Read more…

Real Estate Market Property Outlook 2017 – 2018

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

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Preview

November 20, 2017

10 things that you don’t know about the Condo Gain. Get full Comparative Market Analysis Report FREE!

For educational purposes only. All copyrights belong to their respective owners.

Real Estate Market Property Outlook 2017 – 2018

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

?+6583004411

DOWNLOAD 700+ Posts Home Buyers Guide

DOWNLOAD Home Buyers Guide

DOWNLOAD Condo Buyer’s Guide

DOWNLOAD Home Buyer Guide – First Edition

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Preview

November 20, 2017

Freehold vs leasehold condos – Which is the best choice?

For educational purposes only. All copyrights belong to their respective owners.

Leasehold versus freehold: An argument that will go on until the cows come home

Leasehold favoured over freehold properties in current en bloc fever

Developers’love for freehold property in residential en bloc sales in the past appears to have given way to a preference for leasehold assets in the current en bloc cycle.
Read more…

The big leasehold debate

Leasehold property: What happens when 99 years runs out?

Freehold vs leasehold: Which is better?

Freehold vs leasehold condos – Which is the best choice?

Freehold vs Leasehold – which is better?

Freehold Property: Why It’s Not as Great as It Seems

Freehold vs Leasehold Singapore – A Brief Comparison

Is Singapore Freehold Property Always Better Than Leasehold?

Everyone desires owning a property in Singapore but we must be aware of the various property types in order for us to make the best of choices when we eventually decided to invest.
Read more…

Leasehold vs freehold: What’s the difference?

Freehold not always better than leasehold

Apart from location, the next most important question on a home buyer’s mind is probably the tenure of the property.
Read more…

Real Estate Market Property Outlook 2017 – 2018

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

?+6583004411

DOWNLOAD 700+ Posts Home Buyers Guide

DOWNLOAD Home Buyers Guide

DOWNLOAD Condo Buyer’s Guide

DOWNLOAD Home Buyer Guide – First Edition

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Preview

November 20, 2017

Executive Condominiums (EC) 101

For educational purposes only. All copyrights belong to their respective owners.

11 FACTORS TO CONSIDER BEFORE BUYING AN EXECUTIVE CONDO IN SINGAPORE

LATEST SALE TRANSACTIONS

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

?+6583004411

DOWNLOAD 700+ Posts Home Buyers Guide

DOWNLOAD Home Buyers Guide

DOWNLOAD Condo Buyer’s Guide

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November 20, 2017

HDB Resale Transactions. New Process 2018. Faster and Easier

For educational purposes only. All copyrights belong to their respective owners.

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Streamlined Services for Buyers & Sellers

2 Currently, a resale transaction takes about 16 weeks to complete, and requires two appointments with HDB – a first appointment to work out the sellers’ sale proceeds and assess the buyers’ financial plan, and a second appointment to complete the resale transaction and sign the documents.

3 Ahead of the first appointment, resale flat buyers and sellers (or their salespersons on their behalf) must complete an online resale checklist, including a section on financial planning, before they commit to buy or sell a flat. They can also use the e-Services available on HDB InfoWEB to conduct a series of checks, such as:

(i) Eligibility to buy or sell the flat;
(ii) Available quota in the block/neighbourhood for the different ethnic groups and citizenships under the Ethnic Integration Policy (EIP) and Singapore Permanent Residents (SPR) quota;
(iii) Status of flat upgrading and billing for upgrading works;
(iv) Recent transacted prices of nearby flats.

4 From 1 January 2018, the new HDB Resale Portal (建屋局组屋转售平台) will streamline the resale transaction process by integrating all the eligibility checks on a single platform, increasing convenience for the public.

5 Using their SingPass, buyers and sellers of resale flats will submit their applications through the new portal and be guided step-by-step on their respective resale journeys. A summary of the streamlined process and benefits is below (details in Annex A).

(i) Minimise the need for manual entry of data. Once the flat buyers and sellers register their Intent to Buy or Intent to Sell a flat in the portal, their personal details from the Government’s MyInfo service will be used to auto-populate the application forms, increasing convenience for the public.
(ii) All eligibility checks will be integrated on a single platform. The portal will display the individual’s eligibility to buy or sell their flat. Flat buyers will also be able to view their eligibility for housing grants and an HDB concessionary housing loan through the portal, and apply for an HDB Loan Eligibility Letter if they intend to take up an HDB housing loan. Flat buyers using their CPF monies and/or taking up a housing loan to finance their flat purchase will also use the portal to request HDB to confirm the value of their flat to determine their housing loan[1] and/or CPF usage[2]. A processing fee of $120 (inclusive of GST) will be payable to HDB.
(iii) Resale applications can be submitted via the portal. Flat buyers and sellers will complete their respective resale applications in the portal, once the Option to Purchase (OTP) has been exercised. Upon receipt of the resale application and supporting documents, HDB will verify the information provided and notify the flat buyers and sellers of its acceptance of the application via SMS or email. The status of the application will also be updated in the portal.

6 Once the application is approved, HDB will arrange an appointment for both parties to complete the resale transaction and to sign the necessary documents that require “wet-ink” signatures.

One Appointment, Shorter Transaction Time

7 With the streamlined process, flat buyers and sellers will need to attend only one appointment with HDB, instead of two previously. The first appointment will no longer be needed as all forms and checks will be completed via the portal. They will only need to attend the resale completion appointment, either at HDB Hub or at their solicitors’ office.

8 The entire transaction time, from submission to completion of the resale application, will be shortened by up to 8 weeks from 16 weeks previously, if the buyers and sellers submit the necessary documents promptly.

Implementation Details

9 The HDB Resale Portal will be launched on 1 January 2018, and all new resale applications must then be submitted using the portal.

10 The streamlined resale process will apply to applications where the OTP is granted by flat sellers on or after 1 January 2018. Flat buyers and sellers will have to use a new HDB-prescribed OTP form from this date.

11 The current HDB-prescribed OTP form will be valid until 31 December 2017. Resale applications with OTPs granted before 1 January 2018 using the current OTP form, will continue to be processed under the current procedures. More details are in Annex B.

12 For enquiries, the public can contact the HDB Sales/Resale Customer Service Line at 1800-866-3066. From 2 January 2018, HDB will also set up a dedicated helpline and helpdesk at HDB Hub to provide assistance to resale flat buyers and sellers. They can also sign up for HDB Resale Seminars to find out more about the policies and procedures for buying and selling an HDB resale flat.

Continuous Service Improvements

13 The HDB Resale Portal is part of HDB’s continual efforts to improve its resale procedures to better serve the needs of resale flat buyers and sellers. HDB will continue to explore future enhancements to the portal as well as other initiatives to leverage technology to enhance its services and improve customers’ convenience.

[1] Up to 90% of the value for a housing loan provided by HDB, or up to 80% of the value for a housing loan provided by a financial institution regulated by the Monetary Authority of Singapore.

[2] The value will be used by CPF Board as the “Valuation Limit” for HDB resale transactions. For details on the “Valuation Limit”, please refer to the CPF website (www.cpf.gov.sg).

November 20, 2017

5 Ways To Power Up Your investing in commercial property

For educational purposes only. All copyrights belong to their respective owners.

Singapore Commercial Property Guides

Some Useful Tips When Purchasing Commercial Properties

Commercial Property taxes

8 considerations before buying commercial space

Buying a commercial property versus residential property

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

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DOWNLOAD 700+ Posts Home Buyers Guide

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DOWNLOAD Condo Buyer’s Guide

DOWNLOAD Home Buyer Guide – First Edition

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Preview

November 20, 2017

Executive Condo Hard Truth What Why Where Its Heading

For educational purposes only. All copyrights belong to their respective owners.

Executive Condo Hard Truth What Why Where Its Heading

DOWNLOAD

Sample HOME Report

Reap The 1st Mover Advantage Before The Make Over

10 Crucial Reasons You Should Buy A Home Before 2017 Ends

DOWNLOAD 42 New Condo Brochures

DOWNLOAD

Home ReportTM

FREE: Get the public version of the report that the professionals use to price property and devise marketing and negotiation strategies. S$ 88.00 / unit (incl GST)

DOWNLOAD Sample Home Report

AskREALTOR Mani Get Your Home Report (Compliment)

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

DOWNLOAD 370 Posts (eBook)

60 Biggest Mistakes Made by

Property Buyers & Sellers.

How to Avoid Them?

Got questions about your property?

Buy or Sell or Hold?

I can answer your questions

Let’s chat on WhatsApp: 8300 4411

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide

DOWNLOAD

Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
Check it out my posts (700+) https://www.linkedin.com/today/posts/AskRealtorMani

?+6583004411

DOWNLOAD 700+ Posts Home Buyers Guide

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DOWNLOAD Condo Buyer’s Guide

DOWNLOAD Home Buyer Guide – First Edition

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November 20, 2017

Buying property in Singapore as a foreigner

For educational purposes only. All copyrights belong to their respective owners.

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