Author: Stuart Chng

Methods to Beat ABSD and Own Multiple Properties in 2020

The Additional Buyers Stamp Duty (ABSD) is the bogeyman facing property investors. Even if you can afford to pay it, the hefty stamp duty gobbles up a huge chunk of your eventual returns. But is there a way around it? Here are some alternatives: First, a quick summary of the ABSD to jolt your memory. The ABSD is a tax applied to residential property purchases in Singapore. The ABSD is a percentage of your property price or valuation, whichever is higher. Singapore citizens pay ABSD of 12 per cent on their second property purchase, and 15 per cent on...

Read More

12 Factors to Consider When Deciding On A Low Or High Floor Apartment

When it comes to choosing a home in Singapore, most people would have their own preferences on the level they are willing to accept. Chances are, the reasons are psychological or habitual. Such as having stayed all their life on a high floor apartment, or having stayed in a landed property before and prefer being near to the ground. In this article, let’s examine the factors that you should really consider when choosing to stay nearer to the ground or up in the air. Ready? Let’s go! Generally, high floor units are brighter with better ventilation than low floor...

Read More

How You Can Upgrade To An EC Before Selling Your HDB

In an ideal world, we can all sell our existing flat, take the sales proceeds, and move into a new Executive Condominium (EC). But it’s rarely as simple as that: besides the issue of financing and down payments, there’s the simple fact that we still need a roof over our heads, while the EC is being built. Here are some possible solutions if you are thinking of upgrading to an EC: First, we need to take a look at some important financing issues If you previously used a bank loan to buy your HDB flat, you can skip this...

Read More

Singapore Property Market’s Tight Rope Walk – A graphic illustration

A simple illustration of how I see Singapore’s real estate market is really like. The tight-rope walker is akin to our government; specifically the Ministry of National Development & Monetary Authority of Singapore, who watches for all financial stability issues surrounding our little red dot and beyond. While it is necessary for inflation to take place, and asset prices to grow, the rate of growth (Gradient of the tightrope) must be gradual and in pace with the rest of economic & income growth & wealth distribution among the masses. Why is inflation necessary you may ask? 1. An increase...

Read More

Methods to Beat ABSD and Own Multiple Properties in 2020

The Additional Buyers Stamp Duty (ABSD) is the bogeyman facing property investors. Even if you can afford to pay it, the hefty stamp duty gobbles up a huge chunk of your eventual returns. But is there a way around it? Here are some alternatives: First, a quick summary of the ABSD if you’re not sure what we’re talking about The ABSD is a tax applied to residential property purchases in Singapore. The ABSD is a percentage of your property price or valuation, whichever is higher. Singapore citizens pay ABSD of 12 per cent on their second property purchase, and...

Read More

The 1 Check That Can Mean The Difference Between Buying A High Quality Property And A Dud

One of the common fears that friends and clients bring up to me is that they aren’t confident to buy a new launch property because they lack faith in the end product. In a new launch, we can’t see the quality of fittings and construction, we can’t feel whether the environment will be peaceful and well ventilated and that all compounds our fear of the unknowns.” Whereas, in a resale property, although it is older, you get to see, touch and feel almost everything and have more faith in your decision. Yes, it has happened where buyers end up...

Read More

Property Agent Commission Rate and Why Is It Increasing?

When marketing or searching for a property, it is common for buyers, tenants, landlords and sellers to engage the services of a property agent despite being able to handle all parts of the transaction if they really wanted to. A professional property agent would typically be able to do much more than a consumer as they have carried out alot more transactions and can spot the blind-spots and opportunities much better than a consumer who does much fewer transactions in their life time. Take for example, when buying a home for the 1st or 2nd time, buyers usually do...

Read More

Recent Comments

Latest News from PR Newswire