Cory Diary : Million dollar home

Few people would have remembered, I blogged about $1M home goal few years ago. To be exact is 4 years ago as per link here. Happy or sad to some, depending on each people felt level, i got mine.  If we include inflation over this period maybe in current dollar term would be 10% lesser in purchasing power. What this mean is Million Dollar home is just a matter of time.The plan for this home will be … [Read more...]

Be Aware Of The Lease On Your Dream HDB Resale Flat

Heartland Boy had previously explained that there are various reasons why young couples may choose a HDB resale flat over a HDB Build To Order (‘BTO’) flat. For instance, they may require a bigger space found only in the previous generation of HDB flats. For some young couples, they might place a premium on unique features such as an executive HDB flat or a HDB terraced flat which are both no … [Read more...]

PropertySoul.com awarded Top 75 Property Investment Blog

Great news! Your favourite property blog PropertySoul.comhas just been awarded as one of the Top 75 Property Investment Blogs in the world! PropertySoul.com is number 23 in the list of 75 and the only winner from Singapore. Awarded by Feedspot, the 75 Best Property Investment Blogs were chosen from thousands of property investment blogs and websites in the planet using search and social … [Read more...]

Your HDB Flat is a Depreciating Asset (eventually)

Recently, the stark reality about the value of our HDB flats was reiterated by our current MND minister, Mr. Lawrence Wong - where upon expiry of its lease, your flat will be returned at zero value to the State via HDB. The Straits Times too has been unforgiving with its relentless churning of articles on the topic of "Lease Expiry" with its latest article on private estates nearing the end of its … [Read more...]

Singapore’s property market to benefit from population & economic growth ahead

Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL. In an April 2017 report entitled Back to life, back to growth, the financial and professional services firm says it believes the city state’s population and skilled workforce growth rates are set to rise over … [Read more...]

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...]