Will office property rents bottom in 2017?

The prospect of interest rate hikes by the Fed used to spark panic among investors. This was due to the widely-held view that a receding tide of liquidity would spark a selloff in Asian assets that had been pumped up by years of ultra-loose monetary policy in developed economies. Now, it seems that growth is not only recovering in the US but across much of the world. And, higher US interest … [Read more...]

99-YEARS REALLY MEANS 99 YEARS? NOT FREEHOLD?!?!

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Okay, I think it's good that MND Lawrence Wong has finally clarified AGAIN for all the stupiak people out there that are not so sure what "leasehold" means. Some good quotes from the Straits Times article, but I highlighted my favourite one and it's the more important thing to note: "... for most HDB flats, their leases will eventually run out and the flats returned to HDB, which in turn … [Read more...]

How Investing In Foreign Property Destroyed My Family Wealth

When Heartland Boy applied for a role at a real estate developer after graduation, the hiring manager asked during the interview, “you graduated with a degree in Business Management, why do you want to work in the property sector?” Heartland Boy replied, “My experience with the real estate sector started when I was only very young, probably at 6 years old. I understand that many households in … [Read more...]

"Easing" is a Good Sign… for Buyers?

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One of the people in the local scene that I quite admire is Vina Ip aka Property Soul. Many people might not agree with me and attribute her success to luck and timing, but it takes massive stones to take the calculated risks that she did and walk away from everything a glowing success. Anyway I feel that her book about buying property in Singapore is a true gem - focused specifically to buyers of … [Read more...]

TDSR, Seller’s Stamp Duty, HDB Resale Grant Changes Aimed at Helping Singaporeans Cushion an Increasing Challenging Singapore Outlook

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There are a slew of changes on buying and selling properties announced in this 3 short months of 2017. The way we should look at these policies is that the government have a few levers that they can pull and push to stimulate on the demand side or the supply side. There are various niche market segments as well. Here are some of my thoughts. Change in CPF Housing Grant for First Time … [Read more...]

Summary Of Changes Relating To Residential Property

The Ministry of finance made an announcement last week on the changes relating to residential property. Most people who own private properties would be happy to hear about this news as some measures have been relaxed. Summary of changes: 1. Additional Buyer’s Stamp Duties (ABSD) and Loan to Value (LTV) Limits While many people hope for the ABSD and LTV limits to be relaxed, the government … [Read more...]

3 reasons why adjustments to property measures is not a good sign

Last Friday, a press release was jointly issued by Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore to make adjustments to the Seller’s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework, with effect from 11 March 2017. 1) The holding period liable for SSD is revised from 4 to 3 years. There is also a 4 percent reduction every year on … [Read more...]

On the way to getting my first property

Hi Everyone! It's been a while since I have update my blog due to my busy schedule, I did not have time to post any update on my side. Despite my busy schedule, I still make an effort in working towards my goal in getting my first property. I am nearly there as you can see my target bar on the right side of this blog, I manage to hit 91% of my target. This is definitely a good news for me … [Read more...]

Understanding legal issues in real estate

I have written an article “Secret formula to win the property game” in my book No B.S. Guide to Property Investment. One of the 4 key factors in this secret formula is to build a winning team. In this team, you need a good conveyancing lawyer. An experienced conveyancing lawyer can advise you the right way to handle legal matters in managing your wealth. A meticulous conveyancing lawyer … [Read more...]

HDB Loans vs Bank Loans, which Housing Loan should you get?

What type of housing loan should I get ? If you intend to purchase a HDB flat, you have two choices regarding the financing- you can either opt for a HDB loan or go for bank home loans. There are pros and cons for each, and you should make your decision strictly based on your own financial status and needs. Let’s discuss the features of these 2 types of housing loans. HDB Loan Being a … [Read more...]

Should Singaporeans be grateful for property cooling measures?

Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t “made any movement in the budget” to relax the property cooling measures because “demand remains very resilient” and “property volume in terms of transactions have increased and not decreased”. Sacrificing housing affordability for foreign investment Singapore private property … [Read more...]

Trust is a scarce commodity in properties

In properties, market confidence determines the boom and doom of the industry. To property buyers and investors, trust can make or break a deal. In this digital world, trust is more valued than ever. Unfortunately, trust is increasingly rare to be found in industry stakeholders and the mass media. Have something up your sleeve? It is interesting to see how the stakeholders with vested … [Read more...]

Housing Choice link to Retirement Comfort ! ( STE photos sharing )

Much been written about “Housing choice vs Retirement comfort “ , another types of Cs in our financial planning. Life is full of “choices “ , one may choose to “stay single or marry “, to “have kids or be DINKs “ , to “climb the corporate ladder or be a freelancer” , to “save more or spend more “ , to “save or invest “ , to “buy a health insurance or take the risk ( bo chap)”……and the list goes … [Read more...]

Housing Finances – How Much Will Your First BTO Cost You?

Although we’ve yet to apply for our BTO, I’ve been asked to share my plans and financial calculations, so here goes! Hopefully this will help those of you who need a guide on how to plan your finances for your housing needs. I previously wrote about waiting for the February 2017 BTO launch, but unfortunately neither Bukit Batok nor Sengkang appealed to my fiancé and I as we prefer to stay … [Read more...]

Couple Talk: EC or Resale

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I've dated my partner for close to 5 years. I always joke that I gave him my youth (that's true). 5 years is a long time. I also joked about how if we're fortunate enough, we would already have a baby (好命的话,我的baby可能1岁咯). Unfortunately, we have been sorely unsuccessful in getting a flat. I probably am more anxious than him because I feel like I've an expiry date, and my biological clock is … [Read more...]

Unbiased New Launch Review – Forest Woods

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By KK Tong (guest contributor) Launched in early October 2016, Forest Woods showed a strong response from buyers as 337 out of 519 units were sold on the launch weekend. Located at Lorong Lew Lian in District 19, this 99-year leasehold development is jointly developed by CDL, Hong Leong, and TID. A total of 519 units sit on a plot size of 150,712 square feet. TOP is expected to be in May … [Read more...]

A tale of two HDB flats by Darles Chickens.

Chinese New Year is a time of family bonding, catching up with friends and also gossiping. What? Gossiping is not a Chinese New Year tradition? Alamak.  Oh, it is something we do daily? OK lor. Since this is the Year of the Chicken (What? Not Chicken? Is Rooster? Rooster is not a Chicken meh?), I present to you "A tale of two HDB flats" by Darles Chickens. Gossip Tale … [Read more...]

1st guest post from Ted of Redbrick

I receive no rewards/ compensation of whatsoever from this blog post. My intention is simple, someone ask me for help, I help. Red brick, is talking about HdB loans options. I do not see how providing convenient to Ted in this case can anyway turn out detrimental to my readers and I believe the info might be quite useful. Again, I emphasized, I do not endorse anything and receive nothing in … [Read more...]

4 reasons why Hong Kong’s new stamp duty can’t save Singapore’s property market

Bloomberg just published an article on ‘Hong Kong Property Tax May Help End Singapore’s Housing Slump’ (Bloomberg, Jan 19). The journalist cites the remarks of a Cushman & Wakefield spokesperson that foreign buyers may turn to Singapore after the 15 percent increase (30 percent in total) of stamp duty in Hong Kong. This can benefit Singapore to end the slide of property prices this year, … [Read more...]

Why I DIDN’T chose a 30 year bank loan but a much shorter one???

Read more on ? Housing Loan A few questions to be seriously answered before we know whether we ARE LIKELY to be right in the future. (1) You seriously think that you won't get married and have kids. (2) You don't REALLY have any dependents counting on you alone. (3) You don't foresee you will be forced into unexpected early retirement If the answer is all YES! You can go ahead … [Read more...]