Property Market Outlook 2018 Download the full report now

Executive Summary

– Close to 10,000 private homes are expected to be completed in 2018, which will add to the vacancy rate.
– The Core Central Region had the highest vacancy rate of 10.9 percent in Q3 2017. This will put further pressure on rental prices in the city area.
– There could be as many as 16 to 22 major new launches next year. Given the higher land prices and anticipated market recovery, new private home prices will likely be higher in 2018.

Buying an Executive Condominium? Read this first

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

Thinking of getting an executive condominium, but unsure of the process? Rest assured, you’re not the only one.
Take a load off and let us do the heavy (intellectual) lifting for you with our step-by-step guide to purchasing your very own executive condominium.
Before you delve in, just a quick note: this article deals with purchasing an executive condominium from a developer. If you’re buying from an owner in the open market, the process is identical to buying a private condominium (though restrictions apply if you’re buying as a foreigner).

Read more…

6 factors to consider before buying an executive condo in Singapore

Despite all that talk about the 5 Cs no longer being important, in actual fact the only C that’s died is the country club. Everything else is still very much alive in the hearts and minds of Singaporeans.
Which is probably why the Executive Condominium or EC came into being. This property type is a public-private hybrid. It enables homebuyers to take advantage of CPF Housing Grants while still enjoying condo facilities.
1. Your EC will magically turn into private property after 10 years
2. You pay less and are eligible for CPF grants
3. If you’re part of the sandwiched class, you may not have many other options
4. You get all the frills of a private condo
5. You won’t qualify if you’re single or can’t form the “right” kind of family unit
6. You’ll have to arrange for your own bank loan
Read more….

Who Should Buy an Executive Condominium?

• “Sandwiched” Singaporeans
• Buyers who can comfortably handle the down payment
• Buyers who consider the EC an investment
• Buyers who will make actual use of the facilities

Read more…

Guide to Buying Executive Condominium

Executive Condominiums (EC) are a hybrid housing type that are built and sold by private developers but have eligibility conditions for purchase and sale, similar to HDB flats.
Read more…

Executive Condo (EC) or BTO? A Money Matters Approach.

Executive Condo (EC) or BTO?
This question has been asked many times, and there are many other articles addressing this question.
Instead of campaigning for one party based on commonly known attributes like facilities, the size of the bedrooms, etc., this article will put in the numbers to (1) the cost of buying, (2) maintaining and financing these properties and (3) their potential investment return. The main objective of this article is to provide you with a clear overview of the monetary commitments and rewards in purchasing either EC or BTO.
Read more…

Factors to Consider Before Buying an Executive Condo in Singapore

• According to data from the Urban Redevelopment Authority (URA), the number of Executive Condominium units sold by developers went up from 492 in March 2016, to 572 in March 2017, indicating a 16.2% increase.
• The demand for private housing, especially Executive Condominiums (ECs), has increased steadily, partly because of the current low-interest rate climate and rising income growth in Singapore. More new ECs have been launched in recent years to cater to the demand.

Read more…

Top 10 Executive Condos (ECs) Worth Buying

Buying an Executive Condominium a no-brainer for those who qualify

List of Executive Condominiums

Executive Condominium (EC)

These are the eligibility conditions to buy a new Executive Condominium (EC). For ECs, please note that they are bought from the developer, not us. Before you submit an application, we advise that you also learn more what conditions apply after you buy an EC, and find out whether you must pay a resale levy.

What are the eligibility conditions?

You and any other applicants and essential occupiers need to meet several eligibility conditions such as citizenship, age, income, and property ownership.

Which eligibility scheme do I apply under?

You can apply for a new EC under one of these eligibility schemes: Public Scheme, Fiancé/Fiancée Scheme, Orphans Scheme, and Joint Singles Scheme.

What is the income ceiling?

What income documents must I submit?

To assess the average gross monthly household income for your EC application, you and any other applicants and essential occupier will need to prepare specific documents depending on your nature of employment. Also, please note that some forms of income/ allowance are not included when assessing your household income.

What if I am an undischarged bankrupt?

Am I a first or second-timer applicant?

A first-timer applicant is a person or household that has never received any form of housing subsidy, or similar benefit; a second-timer applicant is a person or household that has. If you are a second-timer and your spouse/ spouse-to-be is a first-timer, you as a couple will enjoy first-timer privileges and priority.

Are there any time periods during which I cannot apply for an EC?

Can I get a new EC flat if I used to/ still own or have full/ partial interest in a local/ overseas non-HDB property?

Can I get a new EC if I used to/ still own an HDB flat, DBSS flat, or EC?

Read more…

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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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How to Avoid Them?

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Renovating a Private Residential Property?

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

Renovations & Reconstructions

Renovating a Private Residential Property

INTRODUCTION

Depending on your property and type of renovation, you may need to obtain planning permission from URA.
Which renovation works require approval from URA?
Additions and alterations to your property require approval if they:

• affect the external facade of the building, or
• result in an increase of the Gross Floor Area (GFA)

DEFINITION OF ADDITIONS & ALTERATIONS (LAND-TITLED RESIDENTIAL PROPERTY)

To qualify as an “Additions & Alterations’’ to a landed-titled residential property, the following criteria must be complied with:

1. the proposed additional gross floor area does not exceed 50% of the approved gross floor area;
2. the external walls that are to be removed and replaced with new walls do not exceed 50% of the approved external walls;
3. structurally changes to the existing landed dwelling house such as replacing or constructing new columns/beams and reconstructing existing floor slabs do not exceed 50% of the existing;
4. changes/replacement of entire roof, regardless of increase in height as long as it does not involve an additional storey;
5. addition of an attic provided the increase in GFA is less than 50%;

Proposals that do not comply with any of the above criteria are considered as “Reconstruction’’. The following works are deemed as reconstruction regardless of whether the works exceed 50% of the existing building:

1. Increase in storey height – Changes/replacement of any part of the roof when it involves an additional storey
2. Change in housing form – Works which result in a change to the landed dwelling house form, for example, from semi-detached house to detached house.

RENOVATING YOUR HOME (LAND-TITLED RESIDENTIAL)

Check if your renovation works are covered under the Planning Permission Exemption List. If they are not, you will need to obtain approval from URA.
Landed property owners can also use the Landed Housing e-Advisor to evaluate if your proposed works comply with Development Control Guidelines.
Landed property owners can also engage a Qualified Person (QP) to lodge the renovation works under the Plan Lodgment Scheme (Additions & Alterations) if your property is located in certain designated landed housing estate and meet certain criteria.

RENOVATING YOUR HOME (STRATA-TITLED RESIDENTIAL PROPERTY)

Generally, internal renovation works within your strata unit do not require planning permission. However, renovation works which affect the external façade of the building or result in an increase in Gross Floor Area (GFA) will require approval from URA.
In particular, for proposed Additions & Alteration works within strata units which involve an increase in GFA, the applicant is required to obtain a letter signed by the Secretary or Chairperson of the council of the MC confirming that the MC has by 90% resolution authorised the carrying out of the proposed works for the strata unit.
This authorisation letter duly signed by the authorised signatory of the Council of the MC is to be submitted to URA by the applicant together with the proposal as part of the planning application.
To download the format of the authorisation letter, please click here.
The above requirement is only applicable to non-conservation strata-titled residential properties.

HOW TO APPLY?

How do I apply for planning permission?
Please refer to the step-by-step guide – How to Apply: Development Application via CORENET eSS.
The application fee for additions and alterations varies. Please refer to the Fees Schedule (2016).

CONTACT

I need help. Who can I contact?
Write to us or call us at 6223 4811 (Monday to Friday, 8:30am to 5:00pm)

Read more…

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide 101

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
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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

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The Ultimate Home Buyer’s Seller’s Guide

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Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
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DOWNLOAD: YOUR GUIDE TO NEW CONDO LAUNCHES IN 2017 – 2018

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

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide 101

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
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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

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The Ultimate Home Buyer’s Seller’s Guide

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Don’t miss more posts by REALTOR Mani 玛尼 மணி Subramanian Veeramani
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Why Hire a Property Agent?

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

5 things you should know before thinking about skipping the property agent

It’s been frequently quoted that the number of Do-It-Yourself (DIY) HDB transactions is rising – in 2013, 11 percent of buyers and sellers didn’t use a property agent and as of 2013, more than a quarter went DIY.

There’s a difference between knowing the property, and knowing about the property

Subtle mistakes in paperwork can create financial disasters

You should still consider a property agent even if you’ve already picked a specific unit

If you’re a tenant, know that some agents look after you throughout your entire tenancy

A property agent has the knowledge and equipment to stage houses

Read more…

Are Property Agents Really Needed in Singapore?

Imagine for a moment the Singapore property market without any property agents. Some would argue that this would make the industry disastrous;
Read more…
Despite simplified HDB resale transactions, estate agents may still have a role to play
There is still a role for real estate agents to play in resale flat transactions, according to analysts, despite a shortened, streamlined resale transaction process promised by the new HDB Resale Portal.
Read more…

Engaging a property agent – Five things to note

Engaging a property agent soon? CEAnergy highlights five things you should note.

How can I be sure that the property agent I am planning to engage is performing estate agency work legally?

All businesses and individuals must be licensed and registered respectively by CEA in order to conduct estate agency work in Singapore. It is an offence for a person to perform or accept fees for estate agency work without being registered with CEA through a licensed property agency. So to safeguard your interests, do not respond to advertisements and flyers put out by individuals without a CEA registration number.
All property agents are also required to carry an Estate Agent Card that bears the following information:

• Property agent’s full name
• Registration number
• Photograph
• Property agency name, logo, and its licence number

Read more…

Property Agent Commissions – What Singaporeans Might Not Know

For many Singaporeans, buying a home is a key life event, and probably the biggest purchase they will make in their lives. For some Singaporeans, property agents play a key role in facilitating the buying, selling, and rental process.
Read more…

5 things your property agent never told you

Buying or selling a home is one of the most expensive, complicated events in your life, no thanks to the ever-changing government regulations. Whether it’s your eligibility for a loan or the bewildering range of seller’s stamp duties depending on your occupation period, it can all snowball into one huge headache. So, most of us shell out good (commission) money for a property agent hoping to tap into their expertise to buy that dream home at a bargain or sell your property at a premium. Housing agents might have the industry knowledge to help you make a good deal, but be aware of what they’re not telling you, too.
Read more…

7 myths about property agents and property transactions in S’pore

Fact: No you don’t need a property agent but you probably want a professional (see myth 3) by your side when it comes to property transactions.
Read more…

Why Should You Engage a Tenant’s Property Agent?

Property Agent Singapore

The rental system in Singapore can be a bit confusing, whether you’re navigating it for the first time, or even if you’ve been through it before. One of the the most common question seems to be ‘why are there so many people involved?’.
Read more…

Should I Hire a Property Agent?

• Should I hire a property Agent to sell my Property? Do I need to hire an agent when I am buying a property?
• Why Hire a Property Agent? Benefits of hiring an agent.
• So why should you part with that additional cash to hire a Property Agent?
• 1) Her knowledge of the market, procedures, and regulations regarding your transaction.
• 2) Her ability to make the transaction seamless easy for you.
• 3) Be your voice in negotiating the deal to ensure the highest possible benefit.
• 4) Value your time above all else.
• 5) Go beyond available listings to ensure you get what you want.
• How do I choose and hire a property agent?
• Should I hire one or multiple agents?

Read more…

Property Agents: Fees and Responsibilities

During the rental process, the tenant or landlord (or both) may engage the services of property agents. Known as the tenant’s agent (or buyer’s agent) and the landlord’s agent (or seller’s agent) respectively, these two representatives have different responsibilities. In this article, we’ll discuss their roles, fee structure, and whether you really need to hire a middleman at all.
Read more…

5 tips for engaging a property agent in Singapore

Many Singaporeans buy, sell and lease their properties. You can choose to handle a property transaction on your own or engage the services of a property agent.
Read more…

Do I need an agent to buy a unit?

More home buyers in Singapore are eschewing the services of property agents, preferring instead to handle the entire process themselves. Now that buyers are more savvy, are agents no longer needed, or are they still important components of the real estate industry?
Read more…

Misunderstood “facts” about property agents in Singapore

No, I don’t make S$1.5m from one property sale…and other misunderstood facts about being a property agent in Singapore
Read more…

Top 5 reasons to use a property agent when buying a home in Singapore

Purchasing real estate is never easy. There are innumerable factors to be taken into consideration. Possibly the most important condition to be met is that the property should have the potential to appreciate in value over time. If you need help with the purchase of a property,
Read more…

DOWNLOAD

The Ultimate Home Buyer’s Seller’s Guide 101

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

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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