Triple your Investment by 2030 ?

The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note. "Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said. "We disagree and believe home prices will double by 2030." Why Triple when the article stated double ? Drop me a message to find out more. Ref:-http://...
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Update on TDSR (10 March 2017)

MND, MAS and MOF released a joint statement today to announce the relaxing of some residential property measures. Here's what you should know about the change in TDSR policies for properties purchased from 11 March 2017. What this mean ? Case Study Uncle Sam is a retiree with no regular income. He own a fully paid property with market value $2 mil. He has a cash saving of $500,000 and is looking at purchasing a $1 mil property for investment. Note : There are other cost involv...
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Property Losses that are actually Profit ?

In recent times, there are news reports that highlight huge losses in Property Market. Do they tell the whole story ? Boomtime buyers now big losers More than 800 condo units were resold at a loss this year as economy slows An ultra-luxury apartment with a sea view at Sentosa Cove has made the largest loss in the property market so far this year. Originally bought for $11 million in 2011, the condominium unit at Seascape was sold for $6.35 million in October at a loss of $4.65 million. ...
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Private Residential Property Resale Transaction Timeline

Payment Schedule for Completed/Resale Developments Timeframe Stage Payment Day 1 Present Offer to Purchase in exchange for an Option to Purchase (OTP) 1% Booking Fee  (Cash) Within 2 weeks from Day 1 Exercising Option to Purchase Buyer to exercise Option at solicitor's law firm 4% Exercise Fee (Cash) Within 2 weeks from Exercising Option Buyer to pay Stamp Duty BSD (3% - $5,400) + ABSD Within 8-10 weeks from exercising Option Completion of Sales & P...
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New Launches

Residential - Private District 01 V On Shenton Estimated TOP : Dec-2017 Studio - fr $1,314,000 1+S - fr $1,705,500 2BR - fr $2,142,800 2+S - fr $2,500,200 3BR - fr $2,952,000 4BR PH - fr $10,294,200 Shop - fr $1,267,999 Details District 02 Onze @ Tanjong Pagar Estimated TOP : May-2018 1+S - fr $1,287,406 3BR - fr $2,324,001 Details District 03 Principal Garden Estimated TOP : Dec-2019 1BR - fr $766,000 2BR - fr $1,150,000 2BR DK - fr $1,...
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Is FREEHOLD really better than 99 Years leasehold ?

It's often hard to compare if a freehold/999 property is better than a 99 years leasehold property. Over time, does a freehold/999 property appreciate more than a 99 years leasehold property is an often debated question. Interestingly, there happens to be 2 Condominium in Singapore, side by side, by the same developer, built around the same time of which 1 is a 999 years leasehold property, and the other one is sold as a 99 year leasehold property which provide for an excellent comparison ...
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Residential Property Market in Singapore at a Glance : 2014Q3

Reduction of Supply Government would be reducing the BTO next year by 25%, and at the same time reducing the Government Land Sales next year, this would reduce the supply of new residential properties that would be release to the market over the next year. (Source :  http://www.channelnewsasia.com/news/singapore/bto-flats-launched-next/1425858.html)   Price Gap widening between HDB and Private Home In Q3 this year, overall prices of private residential properties were down by 0.7% ...
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Singapore Bank Interest Rate as of 16 Oct 2014

Here are the various bank interest rate. Monthly Repayment is based on purchasing a $1,000,000 property and taking a loan of 80%, i.e. $800,000 from the bank and repaying it over 30 years.   Do note that the interest rate might change without notice and might be of promotional nature. Do check with the bank themselves for the actual interest rate that can be offered to you.    
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4 Things Young Self-Made Millionaires Have In Common

Here's a recent article that I had read, highlighting the 4 things that young self-made Millionaires have in common. http://www.businessinsider.sg/traits-of-young-successful-millionaires-2014-9 Here are four vital traits young, successful millionaires share, as observed firsthand by Voogd: They have a sense of urgency. They find a strong mentor. They focus on leverage. They don’t care what other people think. What jump out at me is the word, LEVERAGE. Time is money, and while...
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