Category Real Estates

5 Practical Tips on Investing in Singapore Property

June 5, 2017 Real Estates  No comments

Purchasing real estate properties in Singapore can be a very challenging process. It involves investing a lot of money and resources, so you have to weigh every decision. You need to play it smart if you don’t want your money going down the drain.

Coming up with the right choices is a combination of understanding the market as well as determining how properties increase or decrease in value. You have to take your time in learning the ropes especially if you are new in the industry.

To help you out, below are some practical strategies on how to make sure that you invest your money in the right properties:

  1. Get the services of a licensed and experienced real estate agent

This is very important especially if you have very little experience in property investing. You need a guide who will show you how everything works. Agents are familiar with the inner working of the market so they know where you should put your money. Of course, they can only point you in the right direction because the ultimate decision still belongs to you. But it’s much better to make your investment decisions based on an agent’s advice instead of relying purely on your instincts.

  1. Figure out the types of properties that you want to buy

You have to be aware of the different types of properties that you can purchase in Singapore. These are often categorized as follows: public housing, public-private hybrid properties, private residential properties, and landed properties. Each property type has its own advantages and disadvantages. You have to consult with a knowledgeable real estate agent to fully explain to you the pros and cons of these properties.

  1. Always make sure that the property is valued properly before you sign the deal

This is something that a lot of buyers often take for granted. So they end up paying too much for the houses and lots. Just because a seller claims that his house is worth 500,000 dollars doesn’t mean it’s worth that much. It’s highly recommended that you get the services of an independent appraiser to provide you with an estimated value of the property.

  1. Conduct a thorough property inspection

You must do this especially if you are purchasing a house or a developed property. You should take your time in checking every nook and cranny of the asset to determine if it’s exactly as advertised. It’s advisable that you get in touch with a professional property inspector to help you out. The inspector will be able to tell you which parts of the property are in good condition and which parts are in need of renovations.

  1. Read the deed of sale or contract several times to ensure that you fully understand it

You must see to it that there are no hidden conditions in there that can cause you problems in the future. If you are paying for the property through a financing plan, you should thoroughly read the payment scheme. Take note of the amounts you need to pay every month and the corresponding interests if there are any. As an additional measure, get a property lawyer to look over the deed of sale or contract to make sure that none of it is deemed illegal.

The most important virtue you must have when it comes to investing in Singapore property is patience. Always take your time to analyze every potential investment. Take note of the risks and compare them with the possible return on investment (ROI). The main takeaway here is that you should never rush making decisions because one mistake is all it takes to see your efforts get wasted. Always keep in mind that the real estate market can be very volatile. One day, a property is soaring in value, and the next day it dives down. These are just some of the things for which you must look out.

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Where to Find Help on Singapore Property Purchase

June 4, 2016 Real Estates  No comments

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Purchasing Property in Singapore 

Singapore is one of the most modern locations on the planet. The vibrant city state has a reputation for being fast-paced, contemporary and comfortable. If you want to enjoy a pleasant city lifestyle, then Singapore could be a great home base for you. People who are considering making Singapore their permanent homes often think about purchasing property in the city state. Fortunately, there are many studio apartments in Singapore that are available for purchase. There are some service apartments in Singapore for purchase as well. Service apartments typically are equipped with complete furnishings. They’re similar to hotels in many ways.
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HDB Housing in Singapore 

HDB (Housing Development Board) housing is also commonly available in Singapore. This is a type of public housing. If you’re interested in HDB housing in Singapore, you may want to consider recruiting the seasoned assistance of someone who works as a professional property agent. An experienced property agent may be able to update you on all of the most current HDB resale details. He or she may be able to give you a well-rounded education regarding the real estate market in the area in general. People should always think carefully about the process of HDB flat purchases. These purchases often involve significant loans. These purchases also frequently involve rather in-depth and complex balloting processes. If you’re willing (and able) to put the time and effort in, however, buying HDB housing in Singapore may prove to be highly rewarding to you.
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Assistance on the Internet 

If you want to buy property in Singapore, you can count on the Internet to be a source of reliable and consistent information for you. There are numerous Singaporean property websites that can help people who are new to real estate in the area. If you want to take a look at listings for real estate in Singapore, the Internet can provide you with a lot of help. You can look for all types of property listings. If you visit a property website, it may allow you to search for available residences that don’t exceed a certain price. It may allow you to search for available residences that are equipped with a certain number of bedrooms. It may allow you to search for available residences in a preferred area, too. If you want to buy property in Newton, Farrer Park or Alexandra, for example, you should be able to look exclusively for residences in those specific areas. Property sites also typically allow users to search for properties that are no smaller than a certain designated size.

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Real Estate Agency Assistance 

People who want to buy property in Singapore can often receive helpful guidance and advice on the Internet. People who want to buy property in Singapore can also frequently get assistance from prominent local real estate agencies. If you’re keen to buy an HDB flat (or any other type of home) in Singapore, you may want to get suggestions from a knowledgeable property agent near you.

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Singapore Property Tips/Guide: Renting

January 24, 2016 Real Estates  No comments

Don’t Lose That Apartment You Love in Singapore! Three Tips for Getting It Now

Are you planning to move to Singapore? Are you weighing whether you should rent or buy? If you want to buy a little time and ease into life in Singapore, then consider renting an apartment. Renting in Singapore is not necessarily easy, but this guide of three quick tips for navigating the process will help you discern the steps you should take and what to expect. Good luck, and let’s get started:

 

Tip #1: Prepare Your Deposit

One thing you will not be able to negotiate in Singapore is the deposit for your house or apartment. If you are planning on signing a 12-month lease, then prepare to pay a deposit equal to one month’s rent. Double that if you plant to sign a 24-month lease. Most leases in Singapore are for at least a year. You can get a half-year lease, but you will need to be prepared to pay the six months in full. Give yourself enough time to save this money. Make sure you’re not signing a contract that seems non-standard. Read the fine print, so you know what is required of you to get your deposit back.

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Tip #2: Are You an Expatriate?

If you are, then your contract should include a clause specifically for you. This clause allows you to back out of your lease agreement if your employer cancels your contract and you have to leave Singapore. This could save you tons of money in the long run, so it pays to make sure your contract includes this clause. But know how much notice you’ll have to give your landlord. Usually it is two months.

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Tip #3: Take Inventory

If the house or apartment you are hoping to rent is furnished — and it often is — you’ll need to do a thorough walk-thru with your potential landlord. Write down every single item in the apartment or house on a piece of paper and note it’s condition. Along with that notation, take a photo of that item with your smartphone. This is saving you a lot of hassle and giving you peace of mind in the long run, as disputes over the contents in a rented property can be something that keeps you from getting your security deposit back. You need the landlord on site as you do this so you can ask him or her questions about the apartment or house you are considering renting.

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With a little perseverance and a little research, you’ll be on your way to securing the apartment or house you want. There are many rentable accommodations in Singapore. If you want a house for rent in Singapore, you can find it as easily as an apartment. Which one you choose really depends on your budget and the amount of space you think you really need to feel comfortable. Singapore is a gorgeous and exciting country, so pick your place wisely and enjoy every moment while you are there!

 

 

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What You Need to Know to Easily Buy Property in Singapore

August 25, 2015 Real Estates  No comments

Singapore: An Asian paradise


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Singapore is an attractive destination for many in the U.K. Due to its status as a former colony, many people in Singapore speak English. The weather there is known to be very beautiful. Also, there is already a large expatriate community in the area.

 

The challenge of buying property in Singapore

Many who are looking to move to Singapore would like to buy property. However, they are put off by how different the market is compared to the U.K. It is possible to learn how to buy property in Singapore, you just need to do your research.

 

The composition of Singapore’s housing market

housing marketThe first thing you should know is the basic composition of the housing market. Singapore is a small island nation, and as such residential buildings are mostly flats and condominiums. Those looking at a house for sale in Singapore will quickly find that houses are few and far between, and very expensive. Unfortunately, most will not be able to afford one. However, there are many apartments that are much more affordable.

 

Government apartments

Roughly three quarters of the apartments in Singapore are owned and let out by the government. Nobody is allowed to purchase these apartments, and only permanent residents and citizens can take them. However, many condominiums are on the market that anyone can buy.

 

Executive condos

There are two main types of condominiums, or “condos,” as they are popularly known. Executive condos are slightly bigger than government flats, but smaller than full condos. These condos are marketed to young professionals fresh out of university. Full-sized condos are generally too expensive for this demographic, and they are located in residential areas of average prestige.

 

Full-sized condos

Full-sized condos are extremely expensive, in some cases more expensive than houses. They are located in the most fashionable areas of Singapore, and are frequently purchased by those in the arts or fashion industries. Condo complexes in Singapore usually have many amenities. These amenities include gyms, retail stores, sporting facilities, and gardens. Pools are also frequently seen in these complexes.

 

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Full-sized condo’s amenities

 

How to make the process easier

Buying property in Singapore is a fairly complicated process, especially if one is not a citizen or permanent resident. The real estate laws in Singapore are complex and difficult to understand. Those looking to purchase property will have to hire a solicitor in addition to an estate agent. Solicitors will take a percentage of the sale price as their fee, but are well worth it.

 

The duties of a solicitor

 

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The duties of a solicitor in a Singapore real estate are many and varied. There are many laws that must be followed at all stages of the process. A good solicitor will ensure that these laws are followed to the fullest extent of the law. Also, in Singapore, as in many locations around the world, a great deal of paperwork must be filed with the local government. A solicitor and his or her assistants will ensure this is done properly.

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Tips for Scouting Rentals in Penang

July 1, 2014 Real Estates  No comments

The old saying goes that business and pleasure don’t mix, but Penang is definitely challenging that outdated notion. Since George Town, the capital of Penang, was designated a World Heritage site in 2008, the locale has been booming with attractions. Located on the northwest coast of Peninsular Malaysia, it’s one of the busiest tourist locations in the nation.

If your heart is set on residing in tropical Penang, there are several things to consider. First and foremost is price. There’s debate over whether Penang is more expensive than neighboring Kuala Lumpur as far as rent and living expenses. The island side of Penang is measurably more expensive compared to the mainland side. The largest deluxe Penang apartment residences do not come cheaply, but deciding which factors are important to you will help you settle on a price point. If you can manage with less square footage and fewer amenities, Penang can be quite affordable.

 

Moonlight Bay in Batu Ferringhi Penang

Moonlight Bay in Batu Ferringhi Penang

 

Second, how long do you intend to stay? If your stay will be very short, you may opt to rent a guest house, or a hotel room. For anything longer than a few days, you’ll want an apartment or condominium. Penang apartments run the gamut from basic service units to luxury that must be seen to be believed, with rents to match. Offerings may be as low as RM1200 monthly. With such a huge range of residences, you are sure to find one suited to your needs.

Third, the location is key! When you look out the window would you prefer to see lush greenery, or street vendors and skyscrapers? This is where it helps to know your price range. Penang offers exquisite colonial-era architecture as well as ultra modern decor. Also consider transportation. Penang has reliable, air-conditioned public buses, or you may prefer to drive yourself in a car.

 

Mira Residence Penang

Mira Residence Penang

 

Though it’s relatively easy to navigate Penang rentals on your own, you may save time by finding a local real estate or rental agent who knows the market and can help you find exactly what you want. Happy hunting!

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5 Tips for Searching for the Perfect Luxury Home

June 1, 2014 Real Estates  No comments

When it comes to buying luxury properties, there are a few basic tips to follow to keep you from getting caught in a scam. Here are the basics.

1. Don’t trust photographs.

Think of a photo of a home much like a selfie; it’s probably one of hundreds that were taken in order to portray the best side of the home. Sure, a photo can give you a basic idea – but it’s also a good idea to do a search on Google Earth and try to get some street view photos of the area to see for yourself.

 

2. Find a contact in the area you’re looking to buy.

On the off chance that you’re unable to investigate the property yourself, reaching out to someone you trust in the area. If you don’t know anyone, try to build connections and ask someone to take a look for you. Always get a second opinion besides that of the salesmen.

 

3. Keep great records.

Throughout the entire searching and buying process, make sure you document everything, particularly conversations with the seller. You want proof of any promises they make so that you can cash in on them later down the line. When it comes to spending, it’s usually a good idea to hire an accountant to help keep everything straight.

 

4. Don’t forget to negotiate.

Just because the seller states a base price doesn’t mean you have to settle on that. Be open to negotiations. Just the same, state a price, and don’t’ spend more than that. Having these guidelines to work with helps to keep you within your budget and prevents you from making a costly mistake.

 

Ultimate Coronado Oceanfront Lifestyle

 

5. Keep an eye on the surrounding area.

Most people buy luxury homes as vacation spots. If the land around your potential home seems like it might get built up at any time, consider looking elsewhere. No matter how perfect that skyline might be, how would you feel should a tall building be constructed that blocks your view? Rather than rolling hills or a beautiful shoreline, you’d be stuck with the beginnings of the concrete jungle.

A home, whether luxury or not, is a major investment. Take the time to make sure the money you spend is going towards the right things. Working with a realtor can help to get you a good price, but don’t forget about miscellaneous fees. If you’re careful and do your research, you can soon be the proud owner of a great vacation home. Explore more luxury properties by Zerin KLCC-Living.

 

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