3 Months Rental now possible (30th June 2017)

The Urban Redevelopment Authority (URA) has lowered the minimum stay duration to three months, from the current six months. The revision takes immediate effect and applies to all private properties which have been approved for residential use. All occupants residing in such properties must fulfil a minimum stay duration of three consecutive months. Stay durations of less than three consecutive months, including short-term stays (e.g. those facilitated through home-sharing platforms) continue ...
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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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Top bid of S$238.39 million from MCL Land for Margaret Drive housing site

MCL’s bid for the Margaret Drive site translates into S$997.85 per sq ft per plot ratio. “The top bid is quite bullish as it is 14.5 per cent higher than the land price of the land parcel on which (the nearby) Queens Peak site was sold in June 2015 at S$871.14 psfppr, even though the subject site is further away from the MRT station. The top bid for the subject site was the second highest among all the submitted bids for the GLS residential sites since 2009,” Mr Nicholas Mak, Executive Direct...
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Stamp Duty – Who to Pay ?

Terms of the Agreement The party who is liable to pay Stamp Duty is usually stated in the agreements. For example, if you rent a property, the tenancy agreement should state who is liable to pay Stamp Duty. Stamp Duties Act When the terms of the document do not state who is liable to pay Stamp Duty, the party to pay Stamp Duty will follow that as specified in the Third Schedule of the Stamp Duties Act.  Types of Documents  Party to Pay Stamp Duty   Conveyance duty for documents...
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December 2016 Property Auction

Colliers International Date : Monday, December 5, 2016 Time : 2.30pm - 5.30pm Venue : The Amara Hotel , Level 3, Connection Room Colliers property auction is held once a month. Knight Frank Date : Tuesday, December 6, 2016 Time : 2.30pm Venue : The Amara Hotel , Level 3, Connection Room Edmund Tie & Company Date : Wednesday, December 7, 2016 Time : 2.30pm Venue : The Amara Hotel , Level 3, Connection Room Edmund Tie & Company's property auction are usua...
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Private home sales up 41.7% in May

Excluding executive condominiums, property developers sold 1,056 units last month compared with the 745 units sold in April, data from the Urban Redevelopment Authority shows. SINGAPORE: Sales of new private homes rose 41.7 per cent in May, an improvement from the number of private units sold the previous month. Excluding executive condominiums (ECs), property developers sold 1,056 units last month compared with the 745 units sold in April, data from the Urban Redevelopment...
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Government to reduce BTO supply by another 25% next year : Khaw

SINGAPORE: The Government will be reducing the housing supply next year, to prevent a glut in the market. On Monday (Oct 20), National Development Minister Khaw Boon Wan said the number of Build-to-Order (BTO) flats to be launched next year will be reduced by 25 per cent. This means a BTO programme of about 16,000 units next year, a drop from this year's 22,400 units. The number of sites released under the Government Land Sales Programme will also be reduced. Mr Khaw shared this at a l...
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