May 19, 2013

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Ask the help of a Property Guru so that you can find the best real estate deals in Singapore

March 18, 2012 By

Real estate is one of those things that cannot be studied overnight.  What might work on one country as far as real estate dealing go may not necessarily work on another country.  Disparity between the western and Eastern markets should also be considered especially when talking about Asian markets.  In Singapore alone, there are a couple of factors that affect how an individual might purchase homes and property for sale.  Even renting a flat for the expats have to follow certain guidelines and procedures based from the Singaporean government rules and regulations.  This contributes heavily to the fact that Singapore is one of the world’s safest countries, with an almost zero crime rate record in the past few years.

 

The landscape of Singapore real estate is constantly changing, and even Singaporeans are having a hard time making sure that they know all of the necessary knowledge when it comes to renting or purchasing a property for sale in the country, much less expats who are not too familiar with all of the governing laws of Singapore.  This predicament can be easily solved by hiring a real estate property guru that can help homeowners and tenants to find the perfect property to suit their needs.

 

Singapore real estate current status

 

There are a lot of options available for the investor, home owner and tenant when it comes to the real estate market in Singapore.  As with most Asian countries, condominiums (better known as condos) are now sprouting left and right because vertical living is now heavily embraced by the market.  Old fashioned homes and property for sale are still around, but they are slowly being replaced by apartments and flats that are much more economical and affordable to most individuals.  Investors and would be owners looking at a property for sale in different areas of Singapore can definitely fare better when they ask for the services of a seasoned real estate property guru, because it will definitely hasten up their search for the perfect property and might give them access to multiple properties that can definitely widen their options.

 

Flat availability in Singapore is also on the rise, thanks to the various developments that have been underway since the boom in tourism of Singapore.  Flats can now accommodate multiple families and single tenants and can also be made available for subletting if the owner decides to do so as an additional source of income, provided that all of the necessary guidelines are followed and the proper tenant can be accommodated.

 

Property listings and property search in Singapore

 

One of the biggest help that a real estate property guru in Singapore can give you is early access to real estate property deals that are not yet available to the market.  Having access to the various deals not available to others give you a better chance in getting the best investment in the said property.  Also, one of the biggest perks that anyone can get when investing on pre-sale status is that the really heavy discounts that they get, also known as pre-sale amount.  In most cases, real estate investors that are interested to acquire pre-selling property for sale in an area might want to engage the services of a seasoned real estate agent so that he or she can get the best deals and have ample time to make up their minds whether to invest or not.

 

Also, various listings are available to real estate agents that they share to other agents in other areas.  This is a common practice that most agents observe so that they can increase the reaches of their network.  It is common knowledge that a real estate agent needs to specialize in an area so that the agent can focus and master the market of the chosen area, and his or her net can be widened by getting the help of fellow real estate agents of another area.  That is why if you want to gain access to other listings of the area without taxing yourself by searching for property listings on the internet, all you have to do is make sure that you hire a competent guru so that he or she can give you access to exclusive listings from other agents.

 

HDB properties for rent in Singapore

 

HDB stands for The Housing and Development Board in Singapore.  Its mission is to make sure that they provide the best and most affordable properties and living environments for Singaporeans, foreign nationals with permanent residence visa and expats who are currently under temporary work visa in the country.  Every year more and more people are looking at homes for rent that might be available in different areas of Singapore with the purpose of renting or possible owning.  Various terms and conditions are being enforced by the Housing and Development Board in Singapore which includes eligibility, citizenship, income bracket, household size, credit standing and various other factors that are important to be able to procure an HDB property.

 

Eligible individuals who want to invest in HDB properties in Singapore, either for personal use or for future subletting, may need to get the services of a property guru who is well versed in the various terms and conditions enforced by the Housing and Development Board in Singapore when it comes to homes and property for sale.  Also, engaging in a very talented and knowledgeable property agent may also give the potential homeowner the needed edge when it comes to getting the best flat or house within the area that they are targeting.  Furthermore, a potential investor and owner can rest easy and relax instead of being stressed out when it comes to looking for great HDB property deals and focus on other important matters instead.

 

One important note to remember is that HDB properties are a very solid investment because their properties are highly competitive, affordable, follows a great system of ownership, cost effective when it comes to design, very flexible and can cater to each and every individual’s needs and also support sustainable design.  Furthermore homes and property for sale that has the HDB stamp on is also much focused in community development, creating livable and enjoyable environments for home owners and their families as well as tenants.

 

Filed Under: Property Guru

Property Search in Singapore- The Benefits of Conducting Property Search in Singapore before Buying

March 13, 2012 By

Property search in Singapore is important because without a search, you will never know what is in the market. The good news though is that you will find the property market in Singapore very flexible and most likely, it has what you want. In fact, the Singapore realty market is mostly government regulated such that today, about 80% of the population lives in public housing. Therefore, if you are a first time buyer in the city of Singapore or anywhere else in this island nation, you need to start conducting your search by looking at the public housing sector. Since the market is wide and varied, you need to allocate enough time to this venture. Remember that your chances of getting the right property depends on how well your search in the market.

 

Online property search in Singapore

With the Singaporean realty market gone on line, this is the first place for you to start if you are looking for property in Singapore. If you work overseas, then you must be out of touch with the Singaporean real estate and therefore you want to know as much as you can about before you can make up your mind what to buy. You can also look for the best real estate firms on the internet so that you can make up your mind about the best one to hire to help you locate the best home. There are so many advantages of initiating a real estate search in Singapore on the internet. You should get fast, real time results. So what are some of the benefits of doing an online property search in Singapore?

 

  1. You not only read about the homes available for sale, but you also see the images of the property. This helps you come to a fast decision.
  2. As you search for property, you can use different loan calculation tools to estimate the mortgage interest that you should pay.
  3. You can also look for the best real estate agent on the internet to help you with your property search in Singapore.
  4. You can look for the best property in different property portals on the internet. This will help you compare prices and rates    from different sources.
  5. As you look on the internet, at least you should ensure that you learn all that you can about the legalities that control the    property market in Singapore. For example, why are home buyers  most suited to HDB flats and what is the qualifying criteria for the government financing for such
  6. Online property search in Singapore is not limited to the public housing only, but it also covers private housing. What options do you have for private housing?

 

Other options for property search in Singapore

Your property search in Singapore is not limited to the internet   only but there are other sources, which can yield good results. For example, if you want to know about HDB resell flats, you can find   them in the classified sections of the dailies. Sometimes, the newspapers dedicate whole pages to provide readers with news about the real estate market in Singapore. Simply said, if you are hunting for property, you will most likely find it listed in the classified sections of the newspapers. So make a habit of checking the papers.

 

The third option is to walk in to a realty firm’s offices and ask any question that you may have. You can also ask for information from the HDB about their already completed flats. Now that you know how to conduct a property search in Singapore, what results are you likely to find? The results will vary, depending on what you searched for. However, you have to know about the various types of properties that you can buy in Singapore, and this includes commercial as well as residential. Commercial property includes shops, warehouses, factory, office space, shop and retail space and land. Residential property includes the HDB flats, which are 1-5 rooms, landed property that includes detached houses, bungalow, semi-detached house, corner terrace, clustered houses and so forth. Private property includes condominiums, apartments, penthouses, flats and executive condominiums.

 

After a property search in Singapore, you should be able to make a smart decision regarding the kind of property to buy. It is advisable that you do your search online for more options.

Filed Under: Property Search in Singapore

Important Information That You Should Know About Singapore Housing

March 10, 2012 By

Singapore housing is one of the most streamlined in the world. In fact, this island nation’s government has made sure that all Singaporeans have comfortable homes and therefore, it is little wonder that there are no shanty towns in Singapore.  Many citizens, as long as they are above the age of 21 years, are earning and are part of a nucleus family or are intending to form one are encouraged to buy their own homes. In fact, they have several choices for homes, starting with the very affordable government built, financed and subsidized HDB flats. These are perhaps the cheapest in Singapore housing and many people go for them because even getting the mortgage loan for the HDB flat is easier. HDB flats are the government’s way of making sure that every family in Singapore is housed effectively.

 

HDB stands for housing development board, an arm of the government that is mandated with the duty of developing houses that are sold to the citizens of Singapore. In fact, one of the mandatory prerequisites for you to own a HDB flat is that you must be a citizen of Singapore, living within a nucleus family setting or planning to start one soon. You could also be a permanent resident in Singapore but you must be living with a sibling who is also a permanent resident to qualify for this category of Singapore housing. However, even though HDB flats are not sold to foreigners, it does not mean that foreigners are locked out of the property market entirely, but there are many more options for them. For example, they can buy the private condos, landed properties and others.

 

Of course, there is more to Singapore housing than meets the eye and therefore you have to be very careful how you go about it. Find enough information on the internet so that you know about the Singapore home ownership scheme, CPF and many such details. It is paramount that you be as informed as possible.

 

Other Singapore housing options in the market

Apart from the HDB housing plan, what other options are available for  Singapore housing? As said above, there are other options for   everyone. One of the most common is the executive condominiums, which are a tad higher than the HDB flats. Such are aimed at young, up and coming professionals who do not like to live in the HDB flats. While they are a good option, it is important to know that the loan toward buying one of these will not be financed by the government.

 

There are the private apartments or condos in Singapore housing market that are offered for sale for all people. Such have more features than the HDB flats and certainly, than even the executive condominiums. They come along with features like children’s playgrounds, swimming pools, squash courts, tennis courts, BBQ area and many more. If you are looking for a place to bring up your family happily, then the private condominiums are perfect if you can afford it. Remember that a condominium is high maintenance but since it is the trend, you will be making a good choice, before you go looking to buy one, at least make sure that you are on good credit standing and have some money to go towards the down payment. No lender will finance your house for the whole amount but they will give you 80%.

 

About landed property for Singapore housing

If you love a lot of privacy, your own garden and you can afford it, then the landed property is available for you in the Singapore housing market. This comes in several categories and they include:

 

Detached house means that you share land with any other person. Semi detached house means that you share a wall with another home on the grounds but there is still a lot of privacy even in such settings.  Houses are located away from the bustle of the city and therefore you  will need a car if you already do not have one. Remember that when looking for a house, the status of the house, rather than its allocation determines the price that you pay for the same. The reason for this is that there are very few landed properties coming up in Singapore housing, with more people preferring to live near the cities.

 

Singapore housing market is as complete as just about any other real estate market in the world. Here, there is something for everyone, whether you are looking to buy or rent. There are even rental rooms for students.

Filed Under: Singapore Housing

Property Rental in Singapore – The Importance of Researching Online

March 8, 2012 By

Many people are after property rental in Singapore. Property is a very valuable commodity in Singapore because land is a scarce commodity. Therefore, many people are on the search for property and if this is your case, then you had better arm yourself with a few tips before you go hunting for property in the market. This does not mean that you will not find what you are looking for but it just means that perhaps, if you are informed, you can make better decisions because sometimes, the real estate sector in Singapore can be confusing. Here, we will   let you know as much as you want, even more about rental property in Singapore.

 

In Singapore, you can find just about any kind of rental property. This could be commercial or residential property. If you want to rent a warehouse for example, there are more than enough for you. If you want shop space in the CBD, that too is available. Maybe you want office space right in the center of the city and the good news is that you will find it. Property rental in Singapore is easier to find, perhaps even easier than property for sale in Singapore. The good news for anyone wishing to rent property in Singapore is that the market is very wide. Therefore, initiating a property search is always the best option.

 

Benefits of looking for information on property rental in Singapore online

You can find all information that you want about property rental in Singapore on the internet. There, you will not only find the location and the address of the property but you will also find enough images of the same. The internet is not a blind buy because if you can see what you will be paying for, you just have to get in touch with the real estate agent in charge of that rental property and arrange a deal right away. The only limitation is that there will be some paperwork and signings and therefore you have to be there in person to negotiate with the owner. However, note that a photo of the property that you want is not enough, but you also have to go and view the property physically. Pictures can be deceiving.

 

There are statutes regarding property rental in Singapore. Therefore, you should be careful to know what the law says. For example, to rent a flat, you must be earning a specific amount of money and so    forth. It is important that you take note of all those requirements.   For example, how will you find rental HDB property? What is rent to purchase scheme, as provided for under the law? Also, it is very important that as the renter, you know that the landlord is responsible for repairs and reconditioning of the property during the lease period.

 

Sometimes, the rental property in Singapore will favor the renter and some time it will favor the landlord. Therefore as a renter, you need the help of the estate agent to know when the market favors you. Most of the times, it will. You also need to be acquainted with the terms that you will find in the agreement. You need to know what short term lease means, long term lease, normal lease and so forth. As you search for rental property in the market, you have to do enough research.   This way, you will always get good value for your money.

 

You need a good property agent to find Property Rental in Singapore

As long as the search for property rental in Singapore is concerned, no one can overemphasize the need for a good real estate agent. This agent knows the property market like the back of his hand. He also knows where the rental flats and condominiums are. If you hire a good property broker, you just need to tell them what kind of property for rent you are looking for, and they will get you what you need. You may be tempted to save the money that you would have paid the realtor, but you will never get what you need fast.

 

What kind of property rental in Singapore are you looking for? For example, if you want a flat, how many rooms are you looking for? Do you want a rental room that is air-conditioned, has a fridge, a queen bed, mini kitchen and wireless internet? Those and more similar questions will lead you to the discovery of the best rental properties in the market.

Filed Under: Property Rental in Singapore

Tips for the Right Property Agent In Singapore

March 6, 2012 By

Your search for property in Singapore is as good as the property agent that you hire to help you. If you are buying property, he will show you the right procedure for buying and he will do the same if you are renting property. If you are selling property, the real estate agent will get you a good buyer and so forth. Whichever way you look at it, there is dire need for a good property agent in Singapore if you aim to conclude a good deal. You will never make good headway if you do not get the right agent to help you find the right property. The good news is that Singapore has something for everyone and getting a good realty firm should actually be the least of your worries. In any case, you will always be able to find a good realty firm to handle your sale for you.

 

Who pays the property agent in Singapore

If you are looking for a property agent in Singapore, this is one of the questions that you will want answered. In most cases, when buying or selling property, the property broker is paid both sides by the buyer and the seller. However, the commissions that he is paid differs. When you are selling property, the real estate agent handling the sale will most likely get 2% of the sale amount and 1% from the buyer. However, what the buyer and the seller should know is that these rates are never final and therefore they can always out in a bargain and have them lowered. Again, sometimes, a buyer or seller may feel that the property agent has done a lot of work that warrants an addition of the commission.  This is to their discretion but the amount mandated by the law is 2% from the seller and 1% from the buyer.

 

It is important to find about more about who pays the property agent in Singapore and how much he gets. On equal measure, it is also very important that you know just how much you should pay the agent if you are renting property. The law is very clear on this. For example, if you are going to be paying 2500 SGD per month rent, the agent gets 50% of the rent as commission. If you pay more than that, then you pay the agent no commission and that is the law. He is paid by the property owner.

 

Why it is important to hire property agent in Singapore

The behavior of the property market in Singapore varies greatly and therefore you never know when it favors you as a buyer or as a seller. However, if you are a seller, the real estate agent will be able to advice you on the current trends in the market so you can maybe sell when it is a “seller’s market”. On the same note, as a buyer, you want to buy when the odds favor you. As a renter, you want to go for rental property when it is a renter’s market”. You see, a property agent in Singapore does more than just get you a buyer or a seller.

 

Buying property in Singapore can be a complex business. Therefore, you want all the advice that you can get before you put your signature on the dotted line. The transaction is not a one-stage process but on the contrary, it is a long process.  There is so much real estate   jargon involved and you need a person who knows his/her way around the market to help you. For example, you need to know what Option to Purchase, Offer to Purchase, F/F and so forth are. Never attempt to buy a property on your own, especially if you are a first timer.

 

Before you can buy your own property, you want to know the best lenders in Singapore to finance your mortgage. A good property agent in Singapore should be able to tell you. Luckily, the housing loan rates in Singapore are always affordable and therefore if you meet all the prerequisites, you should get your loan quickly. To know the best property agent, you can ask for referrals from friends and colleagues. If they have homes, they must have gotten them through a realtor. Therefore, you should work with whomever they recommend.

Filed Under: Property Agent In Singapore

How to Know You Have the Best Flat for Rent in Singapore

March 3, 2012 By

Flat for rent in Singapore should be easy to find if you know how to look for it. A flat is the best option for you if you have a family and if you want to save money. In the property market in Singapore, the rental flats are perhaps the most affordable and the good news yet is that they are low maintenance perhaps if you hope to buy your own home in the near future, you will have to go for a rental flat in the meanwhile. The good news is that rental flats abound in Singapore, everywhere around you.

Most likely, you have a family and that is why you are looking for a flat for rent in Singapore. The good news is that you will not be disappointed at all because there are many of them. Would you like a fully furnished flat or perhaps a partially furnished one? Sometimes, it is better to go for the partially furnished flats so that you can add some personal furniture pieces over time. It is paramount that you get a flat for rent that you feel has given you good value for your money. With high-rise buildings having become the norm for urban housing, you will most likely get a flat for rent in one of the high rise building in Singapore.

If you are searching for a flat for rent in singapore, you can enlist a real estate agent to help you get a flat for rent in Singapore

It might be all too easy to hunt for a room for rent in Singapore on your own, but it is a different story when it comes to the flat for rent in Singapore. You will never get the appropriate flat fast enough if you do not enlist the help of a realtor. The reason for this is that there are so many choices for you such that it is overwhelming. A real estate agent will know where the best flats are. Most likely, you would love one, which has everything in the vicinity. For example, is there a school close by? Do you have banks, markets and so forth in the vicinity or where you can access them, easily? Is there a hospital close by and if you will use the public transport system, do you have easy access to the subways, bus stops and many more? When you talk to your realtor, make sure that you specify exactly what you need.

It should be easy to find a good real estate agent. Get one by referrals from friends or colleagues or if you are new in the city, just go online and find the one realty firm that is most reputed there. The property business in Singapore has now gone online making the search far easier for anyone. Remember that your search for a flat for rent in Singapore will be as good as the property broker whose help you have enlisted. Therefore, do not skimp on the opportunity to hire a good agent.

Finding an affordable flat for rent in singapore can be easy. Here are some tips when searching for the best flat for rent in Singapore

There are many rental apartments in Singapore and so it might be hard to know the best one. However, in a high rise building, you should avoid the ground flats because roaches and rats will find their way in. Again, avoid the roof flats because they might have issues with the heating. The best flats are always up, but not on the roof. If you get a flat for rent in Singapore that is about two floors from the topmost, that should be superb. You will also get a good panoramic view of Singapore from your windows.

Unless the rental flat is new, you will want to check its condition carefully before you sign any papers. Take enough photos of the furnishings. The lighting fixtures, curtains and so forth for your record. You should also find out how your neighbors utilize the public balcony space. If they use it for cooking and other private ventures, then they are bad neighbors and you should avoid renting that flat. Always trust your gut feeling. If you feel that you do not like the flat, do not say so in front of the owner but go on, look for another one. If you think that you have the right flat for rent in Singapore, pay the required amount in check or other payment method whose record you can keep.

Filed Under: Flats

How to Get the Right Studio Apartment for Rent in Singapore

February 22, 2012 By

Before you go looking for studio apartment for rent in Singapore, you first have to know what a studio apartment is. This is just a name coined to refer to the HDB flats in Singapore that are only put up for sale for the citizens of Singapore, but anyone can rent the flats. If an apartment is low maintenance, then a studio apartment is even lower maintenance. You will love it to no end especially if you are in Singapore for a fixed season of time and then you will be gone. Actually, a studio apartment just provides enough room for you and your property.

 

While a studio apartment might be a bit confusing, all that you have to do is to find enough information about it. Remember that research is the key. You want to be sure that you know all about studio apartments for rent in Singapore before you can go looking for one. That is the only way that you will know that you have value for your money. Lack of enough information means you will be renting an apartment blindly. Therefore, think.

 

When you go to look for a studio apartment for rent in Singapore, what features should you look for? They are; bedroom, a kitchen, service balcony and a master bathroom. Such amenities spell simplicity but the good news is that it will suit your needs perfectly. Sometimes if you can get in touch with the owner directly, then you will save yourself the agent fees, however this is not advice because that way, you will never know whether you are getting good value for your money. A real estate agent will make the process hassle-free for you.

 

Tips for studio apartment for rent in Singapore

Looking for a good studio apartment for rent in Singapore should be easy and you do not need any prior experience. First, look around the Singapore property market, and look specifically for rental property. Though you might not find a portal that that is entirely dedicated to studio apartments for rent, chances are that you will find some in a normal property portal. So get looking online today because there, you will get much more variety.

 

Consider the location of your small apartment. Is it close to where you need to be most of the time?  For example, if you are studying in the city of Singapore, is it near your school? Look for convenience and do not take anything less than that because there will be something to suit your news if only you can look closely. Also, consider your budget. Those near the CBD will be costlier than those in the outskirts. The good news though is that there will be something for everyone, whether you are operating on a big or a small budget.

 

Most likely, your studio apartment for rent in Singapore will not be brand new. Therefore, you should rent it as it is, bearing in mind that it is not 100% perfect. Therefore, have an open mind and if you do not like it, just move on and look for another one. It is important that you get help from a realty firm because they will always know where the best studio apartments in Singapore are. If you are a beginner in the property market, for example, if you have just moved out of your parents home, then the studio apartments are a good place for you to start.

 

Get an equipped studio apartment for rent in Singapore

There is no doubt that you want a good place to call home. Whether you want a studio apartment for a long or short stay, you want to be as comfortable as possible. That is why you must find out how equipped the studio apartment you have in mind is. For example, in addition to the kitchen, bathroom and bedroom, does it have a TV, wireless internet and so forth? Does it have a washing machine, a fridge?

 

Is it near shops where you can get foodstuff? Once you spot a good studio apartment for rent in Singapore, then take it immediately because such properties are in high demand. Perhaps they are the fastest selling of all urban real estate in Singapore. If you do not take yours, you might not find it next time.

Filed Under: Apartments Tagged With: , ,

Long and Short Term Service Apartments in Singapore

February 22, 2012 By

If you are on short leash while in Singapore and you would like somewhere to stay for just a few days, then the way to go is to find the service apartments in Singapore. The good news is that there are many of these and so getting the best should be easy. Service apartments are very close to what you would get in a luxury hotel, but they are slightly different. The good thing about such apartments in Singapore is that you will find most of them conveniently located right in the CBD. If you are in Singapore on business for a few months, weeks or days, then a service apartment may be what will suit you perfectly.

 

Services apartments are also a good choice if you are in the city for some relaxation and pleasure. If you are looking for that, then you will have to look for one that is conveniently located right where the throb of the city is. For example, you have to get one that is a walk away from the best restaurants, pubs and nightclubs in town. Luckily, for you, there is everything that you may ever need. Just make sure that you hunt around until you find something very appropriate.

 

Luxurious service apartments in Singapore

If you can afford it, you can also arrange for long stay in service apartments in Singapore. This should be fun and very luxurious too   and you will enjoy it to no end. There are all manner of service apartments for one to choose from, starting from small, 1 bedroom units to the large 3 bedroom units for the whole family. All of the rental-serviced properties that you find in Singapore will be non-smoking.

 

Some high class serviced apartments come along with a fully equipped kitchen, wireless internet, BBQ, cable television, Jacuzzi, gym, swimming pool, bed linen and towels and many more, this is close to luxury living as you might ever get. Depending on how much you pay for your service apartments in Singapore, you will get many more services, like a weekly maid service and so forth.

 

How to choose the best service apartments in Singapore

There are many service apartments in Singapore and so chances are that you will never lack one that will fit your needs to the letter You have to remember a few important things if you are going to get good value for your money. Note that the serviced apartments are varied and some are very luxurious while others are just somewhat luxurious. So what would you like, or to put it even more amply, how much would you like to spend?

 

It does not matter how high or low your budget is because it will definitely get you something. However, considering that what you want is a serviced apartment, then it is only fair that you have a reasonable amount of money. You will also be required to pay a security deposit for your apartment just in case anything is damaged.

 

Depending on where you want to stay, you can pay even up to $300 a night for service apartments in Singapore, especially if you choose one in the CBD. You have to enquire whether the rates given are inclusive of GST, though in most cases, they will. Always ask for a diiscoounhnt because many people miss discounts just because they never ask for them. Consider the security of the apartments that you have in mind. You do not want to lose your property in your stay in the serviced apartments. If you are in the CBD for business purposes, for example, if you are attending conferences, you can find an apartment in a location that is in proximity to the conference venue. Research is the key. Take enough time to shop around.

 

Look at urban real estate portals and websites to locate the best service apartments in Singapore the good thing about shopping online is that you will find images of all the serviced apartments on offer in Singapore and therefore you will not be making a blind choice. Compare prices as you shop but mostly, make up your mind the kinds of facilities that you are looking for. If you want a cheap serviced apartment in Singapore, you may have to look for one out of the CBD. If you do that, find one that is close to a subway station for easy movement around.

Filed Under: Apartments Tagged With: ,

Resale Flats in Singapore – We Are Here To Help You Get Your Resale Flats in Singapore

February 8, 2012 By

Why resale flats in Singapore? Someone may ask. Well, for many expats who get the opportunity to work in Singapore, they like to buy resale properties. However, if you are a Singaporean and you still need to buy a home, you may consider buying a resale home because even though not new, it will be cheaper. The singapore property market in Singapore has its ins and outs, especially when you want mortgage financing. However, if you get a good property broker, then he/she should be able to arrange that for you comfortably. However, even before you go to a real estate agent, you need to know a few important things about buying property in Singapore.

 

Just because they are resale flats in Singapore, it does not mean that you go for just about anything that is on offer in the market. Find one that is conveniently located and one that is in prime condition. For example, if you have school going children, you want the flat to be near a school, walking distance if possible. You also need to know where you can buy foodstuff and many more things. Simply said, you should consider how convenient the flat will be to all members of the family.

 

As the first option, always look for HDB resale flats in Singapore. This one will be very affordable since it will be financed and subsidized by the government. Know that if you have a good credit history, you will be favored by the lenders and you will get your loan effortlessly. Therefore, try to clear your credit first before you go looking for a housing loan. Another important thing to note about the mortgage loan Singapore is that the lender will only provide 80% of the total amount needed. So you need to come up with the rest 20% to make it complete.

 

Finding resale flats in Singapore in the best locations

Make sure that you check out the apartment, see what the neighbors are like and most important, how do they utilize the public balcony? Many people will use it for personal needs like cooking and therefore you need to avoid such neighbors. Just to be on your guard in case there are discrepancies coming up in future, make sure that you check out the condition of the house. It is important to know just how much you will have to do for repairs. Check out even for the smallest details, taps and showers because such may seem small but later on, they will become big problems. It is important to know beforehand what you are in for before it is too late to change your mind.

 

Never limit your search for resale flats in Singapore to just one or two flats. Look around because at any given time. There will be many going up for sale. Allocate enough time for the venture and be patient with your real estate agent. If you want to buy your resale flat in the open market, you have to inspect it if only to look for some bargaining ground. Note that the seller will give you a hard bargain and therefore you too will have to dig in your heels and fight for the best price.

 

The importance of real estate agent when getting resale flats in Singapore

If you hire a resale property broker, you should bargain for a lower rate. You would be amazed to know the kinds of discounts that people miss just because they do not ask. There is no final rate that you have to pay. Whatever the agent names, usually 2% from the seller and 1% from the buyer, bargain from your side for a lower rate.

 

Currently, the practice is that if you like a property in singapore, you should get in to an option to purchase process where you leave a good faith deposit of 1% and then you have 14 day to think through the deal. If you make up your mind to purchase the resale property, then you can sign the Option to Purchase agreement and return it to the seller before the 14 days are over. You must return it with another 4% or 9% depending on what the agreement says. If you decide not to purchase the property or fail to honor the agreement within 14 days, then you forfeit your 1% deposit. Note that many buyers looking for resale flats in Singapore opt to make a direct offer to the seller. Here, the binding agreement is called offer to purchase if the seller agrees to it. You pay 10% of the total value and then move on to the Sale and Purchase (S&P) stage. Complicated? That is why you need the help of a realtor.

Filed Under: Resale Flats Tagged With: , , , ,

What First Time Buyers Should Know About Private Property In Singapore

February 7, 2012 By

Looking for private property in Singapore can be an easy or hard feat depending on the way that you look at it. One thing that you must concede in dance is that land in Singapore is very scarce. Therefore, more people are on the search for land. However, this does not mean that you will not get property, that you have come here for help is the first positive step in the right direction. You will get all the information that you may need to know about how to get rental or purchase property in Singapore. Do not attempt to go it alone because most likely you will not get far.

If you intend to purchase private property in Singapore, you should know a few things about it. One is that the most common type of housing is the high-rise buildings in the form of condominiums or apartments. These could be housing development board property or they could be owned by private developers. Housing development Board (HDB) owns most of the housing units in Singapore and these make up about 70% of the total property market. This is a great endeavor by the government of Singapore to provide her citizens with proper housing.

Private property in Singapore vs. the HDB flats

 

HDB flats in Singapore are perhaps the most sought after the whole market because they are very affordable. They are financed by the government, making the search for home mortgages hassle-free for many people. However, you have to be a citizen oof Singapore to buy the HDB flats. You must be at least 21 years of age and must be employed to buy a HDB flat. Note that the HDB flats are a 99-year leasehold.

 

But apart from the HDB flats, what else is available for you in the private property market in Singapore. Luckily, there are several choices for you to consider. Although most of them require you to be a citizen or a permanent resident of this island nation, that is the general requirement for you to own property anywhere in the world. In addition to the HDB flats, there are the private condominiums, which have got more facilities and are freehold. However, sometimes, they may be sold at a 99 or 999-year leasehold. In such properties, you will find squash courts, children’s playground, tennis courts, swimming pools and even a BBQ area. The private apartments are likely to be more expensive than the HDB property, but of course, the added features make up for this.

 

Other classifications of private property in Singapore

 

The other classification of private property in Singapore is the executive condominiums. Such are for young and upcoming professionals who feel that they are a class higher than what is offered by the HDB. Such condominiums are bigger than the HDB flats but they are smaller than the private apartments. There are restrictions regarding who can and who cannot buy the executive condominiums and therefore you had better do a thorough research to know whether you qualify. For example, between 5 and 10 years, the condos cannot be sold to foreigners. Again, in the first 5 years, the condominiums cannot be sold at all or to anyone. After 10 years, there are no restrictions placed on the property again.

 

Landed property is also available in Singapore, this, according to the government, includes detached, and semi detached houses, shop houses, terraced houses, bungalows and so forth. Usually, such are very expensive depending on the location of the property. While they are freehold in most cases, some are also offered on a 99 or 999-year leasehold.

 

While looking for private property in Singapore, perhaps what is of paramount importance is to look for a solicitor to help you out. Of course, the Singaporean property market can be akin to a quagmire because there are so many restrictions placed on property ownership. You had better make sure that you understand all of them. The good news is that if you want rental property, commercial property or landed property in Singapore, you have come to the right place.

 

As one of the strongest economic hubs of Asia, Singapore is attracting an influx of investors everyday and so the demand for private property in Singapore is always high. The cost of private property depends on other factors like the location, whether you want a furnished house, semi furnished or unfurnished. However, as competitive as the property market here may be, the good news is that there is something for everyone.

Filed Under: Private Property Tagged With: , ,
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