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23rd August 2022 admin Leave a comment

How to Upgrade from HDB Flat to Private Property?

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How to Upgrade from HDB Flat to Private Property?

In Singapore, almost 80% of the people have HDB flats. Their main aim is to buy better private property. If you have bought your first HDB flat with an easy process, they upgrading HDB flat is simple. But upgrading from an HDB flat to private property is much harder than buying first HDB flat.

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Why Buying HDB Flat is Much Easier Than Upgrading From HDB to Private Property?

When you buy your first property, you will be having main concern about the minimum paying downpayment and you will be thinking about whether you will qualify for an HDB/ bank loan. If you want to choose an HDB loan, the minimum downpayment required is 10% and for a Bank loan, the minimum downpayment required is 25% and 5% should be cash. Because of this reason, many of HDB buyers prefer HDB loan instead of Bank loan eventhough interest rate of bank loans are higher.

When upgrading from HDB flat to private property, steps will be much more complex. If you are careless while processing, there will be much more chances of getting something wrong. Still for upgrading HDB to private property is a double process, first you need to sell your HDB flat then you need to buy property.

So for upgrading HDB flat to private condo consulting property agent is the best idea to make process in smooth way. The property agent will guide in every step of selling and buying process of property. You will be having stress process for upgrading your property.

Do You Want to Sell Your HDB Flat Before Buying a Private Property?

If you want to upgrade from HDB flat to private condo, my suggestion is to first sell your HDB flat then plan for a condo. By selling your HDB flat you will receive some amount of money and you can analyse which property you can afford. Then you can afford better property than you think. Secondly, if you sell your existing hdb flat within 6 months you can avoid 12% of ABSD (Additional Buyer Stamp Duty). Selling your HDB flat in a hurry to get ABSD remission is the last thing you want to happen, as this may result in accepting a lower offer than you wanted.

For instance, if you want to buying other private property, price of that condo is $1 million you need to pay 12% of ABSD that means you need to pay $120,000. If you have not sold your HDB flat upon exercising the option to purchase the private property.

Steps to Upgrading from HDB flat to Private Property

Step 1: Making decision to sell your HDB flat:

If you decided to sell property, engaging with property agent is the best thing to complete selling process easy. Before giving your property for marketing make sure to discuss about the commission fee and exclusive agreement with the real estate agent.

One of the best agent for selling property or upgrading your property is Kumar. He will help you to sell your property above market value and also give suggestions for next purchase of your property. First you need to register your intent to sell for your HDB flat. You can only grant an Option-To-Purchase (OTP) to buyers at least 7 days after registering your intent to sell. Depending on the location, demand on your property it takes time to sell your property.

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Step 2: Issuing An Option-To-Purchase (OTP), Receiving The Option Fee & Exercise Fee

If you market your HDB flat and you will be receiving so many offers from the buyers. You should choose potential buyer who can offer more money to buy your HDB. To grant the OTP for an HDB flat, the potential buyer needs to pay an option fee of between $1 to $1,000. This is unlike buying a private property when the option fee is usually at least 1% of the mutually agreed price.

In the case of a poor valuation report, the cash over value (COV) will be $50,000. If the HDB valuation report is only $450,000, the flat will cost $500,000, but the cash over valuation (COV) will be $50,000. As HDB will only perform the valuation after the OTP is issued, buyers and sellers faced some uncertainty.

It doesn’t matter whether you have issued the buyer an OTP or not. They can still look for other flats that are more suitable for them. The same block/level as a parent’s HBD flat may suddenly become available to an already committed buyer for a similar price. In such a situation, even if they have paid you $1,000 for the OTP, they may choose the other flat and not exercise it. Alternatively, they may find a cheaper flat, even after accounting for the option fee that they have paid.

During this period, you cannot issue an OTP to another buyer. If your buyer does not exercise his OTP within 21 working days, the option lapses, and you are allowed to grant your OTP to other buyers.

To exercise the OTP, the buyer will need to pay a deposit to you. This is an amount that should not exceed $5,000.

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Step 3: Once The Buyer Exercise The OTP, You Can Start Looking For Your Private Property

Once your buyer has exercised the OTP for your HDB flat, this gives you the leeway to start looking for your private property.

At this point in time, you would already know the selling price of your HDB flat and how much cash proceed you will get from the sales. You will also have a gauge on when you are expected to hand over your keys to the new owners. This basically acts as the timeline to finding your new place.

Most importantly, according to IRAS, once an agreement to sell your HDB has been issued and executed to buy the property, it’s no longer considered as a residential property that you own. Essentially, this means that if you buy a private property after the OTP for your HDB has been exercised by the buyer, you would not be liable for ABSD.

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Source: IRAS

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Depending on how urgent you need to move into your new home, you may need to speed up the process of purchasing your private property. A piece of advice here would be to shortlist a few potential places that you can afford in advance before you sell your HDB flat. This allows you to immediately start looking and negotiating for your private property purchase once your buyer has exercised the option to purchase your HDB flat,

Alternatively, if you have interim housing solutions for your family, you will have more time to search for your next property purchase.

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Step 4: Calculate Carefully Your Cash Flow Timeline From Selling The HDB Flat

Being able to afford to upgrade from an HDB flat to a private property is one thing. Managing the cash flow situation that is required to complete the transaction smoothly is another. Here’s a scenario to explain.

Let’s assume you have sold your HDB flat for $500,000. With an existing loan of $200,000, your proceeds will be $300,000. Of this, $150,000 needs to be refunded to your CPF Ordinary Account (OA). We also assume that the private property purchase would be $1 million.

For simplicity, let’s assume that the option for your HDB flat was exercised on 1 January. After the option had been exercised, both buyers and sellers must submit a resale application for HDB to approve. We assume that this was done in 2 weeks’ time, on 15 January.

Upon receiving the resale application, HDB will post the application results – if all documents are in order – within 14 working days (about three weeks),. This will bring us to the first week of February.

Upon HDB’s acceptance, it will take about 8 weeks from the date of acceptance to process the sales application. Based on the timeline, this brings us to the first week of April. You will receive your cash proceeds during that period, but it will take about a week before the refund is made to your CPF. This means that you will only have the full disposable cash and CPF amount of $300,000 to utilise for your private property purchase sometime in mid-April.

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Step 5: Cashflow Timeline For Buying A Private Property

The cash flow timeline from purchasing a private property is crucial. Since the HDB flat has been sold for $500,000 with an outstanding loan of $200,000, you will get a sales balance of $300,000. On paper, with $300,000 in cash and CPF to deploy, you would be able to meet the minimum down payment requirement of $250,000 (25% of $1 million).

However, that is not the only thing to be concerned about. Cash flow timeline management is also vital.

To make an offer for a private property, you usually have to pay an option fee of 1%. This means that you need $10,000 in cash to secure the OTP. By default, you need to pay the remaining 4% to exercise your option within two weeks though you can negotiate the option period with the seller.

Thus, to exercise the option, you need a total of $50,000 in cash. This means that you either need to have the cash on hand to secure and exercise the OTP, or wait till early April when you receive the cash proceeds from the completed sale of the HDB flat. You will also need to pay the buyer stamp duty in cash, which is about $24,600 for a $1 million property. All in all, the total cash outlay to secure the OTP, exercise the option and pay the buyer stamp duty is $74,600, for a $1 million private property.

Assuming you have enough cash, you have the means to start searching, secure the OTP and exercise the option for your private property before early April. If you do not have enough cash, you will need to wait until the full amount from the sale of your HDB flat is credited to you.

Typically, upon exercising your option for a private property purchase, it will take about 12 weeks for the date of completion for the property. Say, if your HDB option was exercised on 1 January, and you exercised the option to purchase your private property on 19 January, then the date of completion would be around 19 April. This gives you just enough time to ensure that you have received the proceeds from the sale of your HDB, to pay for the down payment required for your private property.

The table below shows the timeline beginning from the sale of your HDB flat to the purchase of your private property.

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As you can see from the table above, the timeline is relatively tight when it comes to when you would receive the full amount from the sale of your HDB flat, and when you need to pay the down payment to complete the purchase of your private property. If you don’t have enough funds, you will need to delay the completion of your private property purchase.

During this period, you will need to secure the bank loan required to finance your private property purchase and engage a law firm to assist you with the paperwork required to complete your property transaction. Legal fees would typically cost you between $2,500 to $3,000. You will also need to pay the commission to your agent, which will typically be deducted from the proceeds that you get from the sale of your HDB flat.

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20th July 2022 admin Leave a comment

Things You Should Know About Property Investment

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Things You Should Know About Property Investment

While you are buying a property, you are not just buying a unit or residential property itself, you are also investing in the surroundings and the neighborhood – not for now but also for the future. Generally, buying property in an unsafe neighborhood or inconvenient location is not good for investment.

Buying property at good location can increase the value of your property in the future. Because of upcoming MRT Stations, new amenities home value will rise day by day. Apart from location analysis, most of the investors will review the capitol growth and rental potential of residential property. As well as investors think targeted tenants when you lease out the unit for rental income.

So when you want to invest in any property, first doing research about the residential property is the best option or try to contact property agent. Here are four important considerations that investors should mull over – preferably with the help of a reliable real estate agent – in assessing potential buying opportunities.

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1. Analyse the blueprint that charts urban transformation

It’s always helpful to have a blueprint for a locale to see how it might grow. That’s why the Urban Redevelopment Authority’s Master Plan – updated every five years – is so useful. We are revising some of our familiar places for a more efficient land use as part of the Master Plan 2019, creating sustainable green spaces and amenities that can support our future needs. Some notable examples of the ongoing urban transformations include Jurong Lake District, Greater Southern Waterfront, Punggol Digital District, and the Woodlands Regional Centre.

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Image 1: Bishan Master Plan 2019

Source: URA

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According to the Master Plan 2019 for the area around Bishan MRT station (see Image 1), there is a commercial-zoned site marked as “subject to detailed planning” in Blue. A new commercial development such as offices or a mixed-use development (office/retail/hotel) can potentially be built on the site in the future – which will integrate with the existing services. If a buyer is looking to buy a home in that immediate vicinity, this detail in the Master Plan 2019 could be useful in assessing the growth potential.

For instance, having more commercial offerings nearby could bring greater convenience to residents while having more companies set up in the new offices may boost rental appeal of homes there.

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2. Capital appreciation and rental prospects

In general, the transformation of urban spaces would usually result in improved accessibility and connectivity to amenities and infrastructure both old and new – enhancing residents’ lives. While there are often many factors influencing price trends (such as demand and supply dynamics and the health of the economy), the introduction of new amenities into the area tend to make the place more desirable and help to support prices and rental values.

Take Jurong East, for instance, the precinct has undergone a major makeover over the years, with the development of several commercial properties and new homes bringing a new lease of life to the neighbourhood. Based on URA Realis caveat data, it is noted that the average transacted price of non-landed resale private homes in Jurong East has risen steadily after the completion of JCube, JEM and Westgate over the 2012 to 2013 period, followed by the opening of the Ng Teng Fong General Hospital in 2015 – the average price went up from $839 psf in 2015 to $1,219 psf in 2022 (see Chart 1).

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As the transformation of Jurong East took form, the home leasing market also appeared to improve. In terms of the rental volume, Jurong East saw a spike in Q2 2017 (see Chart 2) where the number of rental contracts rose by about 64% QOQ to 355 from 217 in the previous quarter. The leasing volume continued to hover at around the 200 to 300 range ever since, higher than the 100 to 150 rental contracts prior to 2016. Meanwhile, although quarterly median rental rate ($psf per month) showed some fluctuations, it was still generally trending upwards.

With the upcoming Jurong Lake District – dubbed as Singapore’s biggest business district outside the Central Region – set to become an exciting lifestyle, business and tourism hub, investors and future residents could potentially see some capital appreciation over the mid- to long-term.

3. Potential future tenants and/or resale buyers

Knowing the target audience matters. Investors will need to envision who are the potential tenants of the unit – are they going to be an expatriate family with school-going children, a young couple without any kids, or busy professionals who are single? This visualisation exercise is useful in that it helps to narrow down the locations and facilitate in drawing up a shortlist of suitable properties.

For instance, having schools within a 1- to 2-km radius attracts families with kids and young couples who are looking to start a family. In particular, expats may look for a property near international schools that their children could attend. Meanwhile, close proximity to key employment nodes or industry clusters would likely appeal to working professionals, who may appreciate the convenience of living and working in the same area. In addition, being near to an MRT station is an added advantage, and units that are close to MRT stations also tend to enjoy a higher rental yield.

Selecting a home with attributes that appeal to the wider masses is equally important. Based on the Property Ownership Aspiration Survey 2022 by the NUS Institute of Real Estate and Urban Studies (IREUS), the key attributes which residents of non-landed private homes look for are: a spacious and functional layout, close proximity to a current/future MRT station and/or shopping centres, a master bedroom of a good size, and the reputation of the developers.

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4. Holding power/period

The process of urban renewal and transformation could take years, even decades. Hence, buying into an area with ongoing or planned rejuvenation efforts may not translates to immediate gains. Investors need to ensure that they have adequate financial holding power to weather any market volatility for at least 3 to 5 years. As real estate is a long-term investment play, it is more likely that investors could stand to enjoy better capital appreciation by holding the property over an extended period.

Here, it is also useful to consider the leasehold tenure of the property. Investors who are looking to hand the property to their children may be more interested in freehold homes, which tend to preserve their values and will not be affected by the issue of lease decay facing leasehold properties.

As with all forms of investments, buying a property involves risks. However, proper and thorough planning can help to mitigate those risks and hopefully offer a greater peace of mind as you embark on your real estate investment journey.

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11th July 2022 admin Leave a comment

Steps to Upgrade to an HDB Resale Flat?

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Steps to Upgrade to an HDB Resale Flat?

When can you upgrade from your HDB flat?

Usually, those who purchased HDB, must wait 5 years to sell HDB property and buy other private property. HDB properties have Minimum Occupation Period (MOP). During MOP period, you must live in the HDB flat you bought. During MOP, few things should not be done like:

Selling HDB flat
Buying a second HDB flat
Investing in other private property
Buying property in abroad

These rules are applicable for the resale HDB flat too. For 1-bedder there is no MOP but not for above 2 bedder HDB flats. Here are the guidelines for the above 2 bedroom flats:

Purchase Mode	MOP
Bought new HDB flat (including buying under SERS)	5 years
Bought new DBSS flat from developer	5 years
Bought resale flat with CPF housing grant	5 years
Bought Resale flat without grant (after Aug 2010)	5 years
Bought Resale flat without grant(Mar to Aug 2010)	3 years
Bought Resale flat without grant(before 5 Mar 2010)	2.5 years

Which property you can upgrade after MOP?

When your MOP is up, you have many options to purchase second property. Some of the most popular are:

Resale HDB flat: Investing resale HDB flat is the cheapest and easiest option, some of the prices of the flats are below $400,000. In HDB resale portal, you can find and purchase an HDB resale flat easily. Upgrading from HDB to a new HDB may not be much difference but upgrading to resale HDB flats in mature estates like Bishan and Queenstown are larger and more spacious. If you want to upgrade your home for good schools for your children.
Condominium: The most popular option for most HDB upgraders is condo properties. When a property becomes older property value also increases. According to the price, private condos are more expensive than resale HDB flats, mostly prices starting from $1.5 million.
Landed Property: landed properties are more expensive than condo properties, prices of landed properties start from $2 million, which is considered a cheap in cost for landed properties in Singapore. For upgrading any type of property, a property agent is needed to make the process easy. Kumar is one of the property agents in Singapore, he serves all the clients and also helps you to understand the property market. We’ll guide you step-by-step procedure for upgrading any property.

Steps to Upgrade to an HDB Resale Flat?

Upgrading property is the biggest dream to many of the property owners. If you have decided to upgrade for an HDB resale flat, here is a step-by-step procedure to upgrade your property.

Step 1: Choose your resale flat

Before choosing a resale flat, first of all, decide to engage a top property agent. The real estate agent is necessary to do all those works like legal work and paperwork for your property upgrade. They not only help you in paperwork but also guide you to choose the right property and how to sell your first property above your market value.

The further step is to figure out all your requirement like location, no. of bedrooms, amenities and budget to buy a resale HDB flat. Next according to your requirements, find a resale HDB unit in different property portals else you can say to your agent for choosing the right property.

Step 2: Check the flat before you invest

Before you invest in resale HDB flat, book showflat appointment and visit the flat to check condition of the HDB resale unit. There are some other things to consider, they are

Ethnic and PR quota – You can check the status of this in HDB quota portal because it will change from month to month.
HDB Ownership – You should also make sure about the seller details like HDB is legally owned and met MOP or not.
Upgrading Works – Make sure about the payment of upgrading works wh should pay you or your seller.
HDB Resale Prices – according to your budget choose right property and quote right price by checking recent transacted HDB prices.
Leasehold Period – For every HDB leasehold will be 99 years. Before you invest in property check how many years left on the lease. Because of the lease, it may affect your home loans and how much of your CPF you can use. For the new CPF rules lease period should be atleast 20 years left on the lease, with the youngest buyer up to the age of 95 able to pay the lease using CPF.

Next procedure is exercise your option to purchase and pay a deposit to the seller.

Step 3: Start using HDB Resale Portal

To know exact transaction details, both buyer and seller need to browse HDB resale portal. Register with the HDB resale portal then it will say you what to do.

Step 4: Check out your eligible for the proximity housing grant

The price of a 5-room HDB resale flat can be anywhere from $400,000 (Sembawang) to $850,000 (Toa Payoh). Since most people don’t have such a lot of money lying around, grants are helpful. Unfortunately, HDB schemes are primarily aimed at first-time buyers. Second-time buyers can only apply for the Proximity Housing Grant. If you buy a resale flat within 4 kilometers of your parents or in-laws, it’s $20,000 if you get them to live with you. Importantly, these living arrangements must remain the same throughout the MOP.

Step 5: Finance your resale HDB

The Enhanced Contra Facility of HDB is the most useful scheme for upgraders. This allows you to sell your current HDB flat and buy a resale at the same time. The proceeds from your sale and your refunded CPF can be used to finance your new resale flat, reducing the amount of cash you’ll need up front and the amount of loan you’ll need. When it comes to financing your HDB upgrade, there’s actually a fixed order to follow.

Financing Method	Notes
Cash received by selling first HDB flat	You have to use atleast 50% for resale HDB
CPF (OA)	You can CPF use only when you don’t have cash and also you can withdrawal limit amount.
HDB loan	If you’re eligible, You can use after using cash & CPF
Bank loan	If you’re not eligible for HDB loan you can use but the loan limit is 75% for first mortgage) and 45% of second mortgage.

Step 6: Handovering your first HDB flat keys in 6 months

Last but not least is you can’t buy 2 HDB flats at a time so, you need to sell your HDB flat and handover keys to your buyer. Then only you can buy other HDB.

So selling your HDB flat also need to contact property agent. Before selling you need to valuate your property. Kumar Properties is a property agency, we will you in every step of property selling and buying process. We will make hassle free process. So contact +65 82828214.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_code raw_content_tablet=”” raw_content_phone=”” raw_content_last_edited=”on|phone” _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_font=”Poppins||||||||” text_text_color=”#000000″ text_font_size=”18px”]For more property articles and property details. please contact us +6582828214. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ module_id=”enquiry%20″ _builder_version=”4.4.8″ background_color=”#1a0052″ background_image=”https://kumarproperties.sg/wp-content/uploads/2021/11/navyblue-scaled.jpg”][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#ffffff” header_2_font=”Poppins|600||on|||||” header_2_text_color=”#ffee00″ header_2_font_size=”54px” header_3_font=”Poppins||||||||” header_3_text_align=”center” header_3_text_color=”#fff347″ header_3_font_size=”30px” header_2_font_size_tablet=”” header_2_font_size_phone=”28px” header_2_font_size_last_edited=”on|phone”]

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20th June 2022 admin Leave a comment

Condo resale prices rise for 22nd straight month in May, more units sold

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Condo resale prices rise for 22nd straight month in May, more units sold

Prices of resale condominium units edged up for the 22nd straight month in May, with transactions rising as buying sentiment improved despite property cooling measures. In May, condominium resale prices rose 0.3 per cent, lower compared with April’s 0.7 per cent, according to flash figures from real estate portals 99.co and SRX released on Tuesday (June 14).

Compared with May last year, prices were up by 8.4 per cent, data showed. In May, prices of condominiums in the city fringes went up by 0.7 per cent and those in the suburbs rose by 0.5 per cent, while those in the core central region fell by 1.2 per cent.

Huttons Asia chief executive Mark Yip said the successful launches of two projects in the city fringes – Piccadilly Grand in Farrer Park and LIV@MB in East Coast – resulted in demand spilling over to the resale market last month, which supported the rise in prices. Meanwhile, resale volume climbed by 1.6 per cent, with an estimated 1,572 units changing hands in May, up from 1,547 units in April.

Resale transactions declined by 11 per cent compared with May last year, but were still 40.2 per cent higher than the five-year average for the month of May. This could indicate the resale market is on its road to recovery, five months after property cooling measures were introduced last December, analysts said.

In December, the additional buyer’s stamp duty (ABSD) rates were raised from 12 per cent to 17 per cent for citizens buying their second residential property, and from 15 per cent to 25 per cent for those buying their third and subsequent ones.

For foreigners buying any residential property, the ABSD is 30 per cent, up from 20 per cent. Resale volume has been rising since March with the easing of Covid-19 restrictions, rebounding from the six-month decline starting last September.

The strong buying sentiment in the condominium resale market was reflected in the new sale market last month, noted OrangeTee & Tie senior vice-president of research and analytics Christine Sun.

“This indicates that buying sentiment has generally improved across the different housing segments and may pick up further in the coming months,” she said.

“Growing macroeconomic uncertainty may also spur more investors to park their money in safe-haven assets like properties,” she added.

PropNex Realty head of research and content Wong Siew Ying said some of the firm’s real estate agents noted that the supply of resale condominium stock has been tight as some owners choose to hold on to their properties.

“With the hefty additional buyer’s stamp duty, some owners who have purchased multiple residential properties prior to the cooling measures may be unwilling to sell now,” she said, adding that the strong home rental market could also be a reason.

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Given the tight supply and demand from Housing Board upgraders, property analysts expect condominium resale prices to remain firm this year. Mr Yip said the resale market in June may be quiet as it coincides with the school holidays and there are no planned new project launches.

“Nevertheless, the return of foreigners to the property market will support further growth in prices for the rest of 2022,” he added. In May, condominiums in the suburbs accounted for 60.2 per cent of the total sales volume. Homes in the city fringes accounted for 24.7 per cent, while the remaining 15.1 per cent were in core central Singapore.

The highest transacted price for a resale condo in May was $20 million for a unit at The Nassim, a freehold development in the Tanglin area. In the city fringes, the highest transacted price was $4.85 million for a 99-year leasehold unit at Silversea in Marine Parade. In the suburban areas, a freehold unit at Clementi Park in the Sunset Way area sold for $6.5 million.

[/et_pb_text][et_pb_code raw_content_last_edited=”off|desktop” _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_font=”Poppins||||||||” text_font_size=”18px”]This news article is from the Straits Times Graphics. For more property articles please contact us +6582828214. [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ module_id=”enquiry%20″ _builder_version=”4.4.8″ background_color=”#1a0052″ background_image=”https://kumarproperties.sg/wp-content/uploads/2021/11/navyblue-scaled.jpg”][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#ffffff” header_2_font=”Poppins|600||on|||||” header_2_text_color=”#ffee00″ header_2_font_size=”54px” header_3_font=”Poppins||||||||” header_3_text_align=”center” header_3_text_color=”#fff347″ header_3_font_size=”30px” header_2_font_size_tablet=”” header_2_font_size_phone=”28px” header_2_font_size_last_edited=”on|phone”]

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15th June 2022 admin Leave a comment

Things to know before upgrading to a private property?

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Things to know before upgrading to Private Property

Upgrading from HDB to a private condo is followed by many people. Numerous Singaporean families turned their dream into a reality of buying and staying in condo. Several households currently wanted to live in private condos rather than in HDB for exclusive facilities and different lifestyles.

Due to the growth of the HDB resale prices in the past few years, many of the house owners have decided to upgrade their property. In the second half of the 2019 HDB resale price values started to recover after booking six consecutive years of decline. In 2021, there is a sudden increase of HDB resale prices by 12.7%, following a 5% increase in 2020. Because of this reason many owners are selling their HDB flat and investing private property.

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Things to consider for upgrading property

Are you completed your 5 years minimum occupation period (MOP) for HDB?

Do You want to upgrade your HDB flat to private condo?

There are several things to consider to upgrade property in Singapore. Read this articles to know more.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_font=”Poppins||||||||” text_text_color=”#000000″ text_font_size=”18px” header_2_font=”Poppins||||||||”]

1. Find objective for upgrading to private condo

First of make clear idea about why do you want to upgrade from HDB to a private condo. Private property provides you privacy in gated condo system and also use of different condo facilities like a swimming pool, yoga pavilion, herb garden, clubhouse, gym, tennis court and other facilities. These facilities are one of the reasons to upgrade property from HDB to condo property, which are highly attractive. One reason is facilities another reason will be the rise of private property prices in future. Here is the URA Private property prices index (PPI) and HDB Resale prices index (HRPI). By observing this chart, know that private property price growth rate is more than the HDB resale prices (See Chart 1).

Upgraders are mostly concentrating on mass-market private homes in the outside central region (OCR) or Executive condos (EC’s). Executive condos are a type of public and private housing hybrid. Now a day’s residential property prices have continuously increased and reached a peak point.

Based on URA Realis caveat data, the average price in 2021 for new launches, resales and new EC projects were $1.74M, $1.25M and $1.37M, respectively (see Table 1).

If the upgrader has sold the flat and has no other financial commitments, buyers will have to pay a monthly loan repayment between $3,900 and $5,500 at these prices. Using a 75% loan to value loan at a rate of 2% and a 25-year loan, Table 2 illustrates the buyer’s financial outlay.

Prior to making such a big purchase as a new home, prospective buyers should consult with an experienced realtor or financial advisor.

[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_font=”Poppins||||||||” text_text_color=”#000000″ text_font_size=”18px” header_2_font=”Poppins||||||||”]3. Maintenance/ conservancy fees

It is also important to consider how much maintenance or service and conservation charges are payable each month if you are living in a private condo rather than a HDB flat. A four-room HDB flat’s S&CC is usually about $64 and a five-room flat’s about $80. A condo maintenance fee, on the other hand, can easily go over a hundred dollars, and it depends on the size and value of the unit. In addition, private condo owners may not enjoy certain incentives offered by the government, such as S&CC rebates for example.

When the couple sells their apartment (which was joint bought) and buys a new house, they will be able to “decouple” – they will purchase the new house under one name. As this would be the individual’s first home purchase, he will be able to purchase a residential property in the future without paying additional buyer’s stamp duty.

There is no way to perfectly time the market, but would-be buyers could take some advice from price movements in private and HDB resale properties. If private home prices are likely to plateau or grow much more slowly, owners would be interested in taking advantage of a stronger HDB resale price growth.

In 2022, PropNex estimates HDB resale prices will increase by 6% to 8% at a faster rate than private residential properties. In contrast to the 10.6% increase in private home prices in 2021, prices are expected to rise at a slower pace this year thanks to new cooling measures implemented in December 2021.

It is likely that inflationary pressures will drive prices up this year as construction costs and manpower costs rise, but strong demand in 2021 drove prices up. Additionally, with interest rates expected to rise through 2022, some buyers may want to secure a better mortgage rate now rather than later.

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To know more information about properties, here are my articles about how to buy property and how sell property. Do you want to read more about property investment, please register with us

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10th June 2022 admin Leave a comment

Why do People in Singapore Buy Property Under Their Children’s Names?

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Why do People in Singapore Buy Property Under Their Children’s Names?

[/et_pb_text][et_pb_button button_url=”#enquiry%20″ button_text=”Register Your Interest” _builder_version=”4.4.8″ custom_button=”on” button_text_size=”14px” button_text_color=”#000000″ button_bg_color=”#ffee00″ button_border_color=”#000000″ button_border_radius=”0px” button_letter_spacing=”2px” button_font=”Poppins|700||on|||||” custom_padding=”15px|25px|15px|25px|true|true” button_text_color__hover=”#ffffff” button_text_color__hover_enabled=”off|desktop” button_border_color__hover=”#fff347″ button_border_color__hover_enabled=”off|desktop” button_bg_color__hover=”rgba(255,243,71,0.53)” button_bg_color__hover_enabled=”off|desktop” button_bg_enable_color__hover=”on”][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.8″][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]In these recent years, many people are purchasing property under their children’s names. Buying property is the biggest dream for many people. In 2019 there are some articles mentioned there is no data about it but there are some signs that a number of wealthy families are buying private property under their children’s names.

There are some queries about this topic. Why do parents purchase property under their children’s names? Are there any benefits in the future for their children? Any financial concerns involved – should follow this rule? In this way, there are many things people have confused about purchasing a property.

To answer these kinds of questions we are sharing this article here. Please read this article and share it with other people who have queries. Let’s know more.[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ header_text_color=”#000000″ header_2_text_color=”#000000″]

What Are The Benefits of Buying Property in Singapore Under Child’s Name?

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1. In the Future Good Investment For Your Child

Indeed some parents are anxious about the rise in private property prices in the future, if they purchase now in their child’s name they will make a profit. These are the reasons which made buying a property now, but in their children’s names, a decision popular among some parents who are cash-rich and able to afford the mortgage payments.

If a person is good at financial situations such as who can take a mortgage loan and without a break pay installments and if you are sure that your property value will increase in future. Then this is the right decision to purchase for your child. Otherwise, you need to face the hurdle of confirming whether your home loan is approved or not approved in such situations as purchasing property under a child’s name.

If you need any kind of guidance, feel free to contact Kumar Properties for recommendations and advice. [/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

2. At An Early Age, Better Chance To Earn Income For Yor Child

To purchase private property under their child’s name, some parents will use a trusted system and rent that property. Later they put rent money towards the savings account for their child’s future. Alike investments or stocks, Your child’s financial future is reliably the safest space in Singapore’s property market. Genuinely property is a gift for the future, it is the benefit for your child to buy a Singapore property now because of the rise in future prices.

Another important note is that if your buy property by using a trust system for your child, you will not be allowed to take a home loan to finance it. If you want to take a home loan you need to wait until your child is at least 21. [/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

3. Get Better Fund on the Next Home Loan

This is the best strategy for the people who already own one property and they want to afford a second property. Then the loan to value (LTV) ratio for a second property loan will be 45%. If you want to get more funds for the property’s cost as well as higher LTV, you need to opt for this approach, since it is taken into consideration as the first property for your child and eligible for the full LTV.

However, when your child matures only the full payment for your second property will be paid. During this period they look to move out from their current family, so they are financially free to make their own property and apply for their own lines of credit.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ header_text_color=”#000000″ header_2_text_color=”#000000″]

What are the drawbacks of buying property under a child’s name?

[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]There are many advantages to buying property in Singapore under your child’s name. But, there are also some disadvantages that might affect your child’s future if you decide to buy a second property.

1. New ABSD (Trust) of 35%

On May 9th, the Ministry of Finance (MOF) announced an ABSD of 35% will be imposed on any transfers of residential properties into a living trust. For instance, if you buy a property for $2 million in trust for your child, you need to pay $700,000 in ABSD.

A new ABSD is imposed by the MOF in order to ensure equality among people. ABSD will be due regardless of whether the beneficial owner of the property is unknown at the time of the transfer. Many parents wish to leave a legacy for their children, but others feel that doing so risks worsening inequality.

Related Article: There is an article about Things to know about the new ABSD (Trust): 35% rate and conditions for the remission.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

2. High Investment Risk May Affect a Child’s Future Credit Score.

You could adversely affect your child’s credit if you cannot afford to pay the mortgage installments on time and end up in arrears. If your child has a history of late payments and other mistakes, they may be unable to get loans for important things like education or cars in the future as a result of involvement in a mortgage. Your child is likely to end up with a money pit, and if they wish to buy public housing (e.g. an HDB flat) in the future, this ability may be impeded if they cannot sell the “investment property”.

Assuming you are still paying off the mortgage for the private property and your child wishes to settle down but is having difficulty letting go of the property, this may leave you in a difficult situation. You will still cause your child delays and inconvenience if you do sell the property easily, as HDB rules state that your child must wait 30 months before he/she can purchase a BTO from you after selling the property.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

3. Disagreements regarding family property can result in legal disputes

The child becomes a legitimate owner of a property when it is placed under his or her name. Some parents fail to recognize this fact. Upon reaching that age, your child has the legal right to sell, rent, or take possession of your property. It is imperative that you take precautions when dealing with your child. Your child will be the one who determines what happens to the property.

It has been noted that legal disputes have arisen within families when parents and children cannot reach an agreement on what to do with the property in question, and many families have been strained or even broken by these disagreements.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

4. Subsidies or vouchers will not be available to your child

Almost every child who owns at least one private property will not qualify for government subsidies, bonuses, or welfare cuts. In other words, GST vouchers and so on will no longer be considered part of the child’s assets.

Some parents neglect this when they buy their child a second home. If the above is not possible, you might want to reconsider putting the second home under your child’s name.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”] Do not wait anymore. If you are keen to have the next article, please register below! You should not miss this. See you soon.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ module_id=”enquiry%20″ _builder_version=”4.4.8″ background_color=”#1a0052″ background_image=”https://kumarproperties.sg/wp-content/uploads/2021/11/navyblue-scaled.jpg”][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#ffffff” header_2_font=”Poppins|600||on|||||” header_2_text_color=”#ffee00″ header_2_font_size=”54px” header_3_font=”Poppins||||||||” header_3_text_align=”center” header_3_text_color=”#fff347″ header_3_font_size=”30px” header_2_font_size_tablet=”” header_2_font_size_phone=”28px” header_2_font_size_last_edited=”on|phone”]

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25th May 2022 admin Leave a comment

Things to know about the new ABSD (Trust): 35% rate and conditions for remission

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Things to know about the new ABSD (Trust): 35% rate and conditions for remission

[/et_pb_text][et_pb_button button_url=”#enquiry%20″ button_text=”Register Your Interest” _builder_version=”4.4.8″ custom_button=”on” button_text_size=”14px” button_text_color=”#000000″ button_bg_color=”#ffee00″ button_border_color=”#000000″ button_border_radius=”0px” button_letter_spacing=”2px” button_font=”Poppins|700||on|||||” custom_padding=”15px|25px|15px|25px|true|true” button_text_color__hover=”#ffffff” button_text_color__hover_enabled=”off|desktop” button_border_color__hover=”#fff347″ button_border_color__hover_enabled=”off|desktop” button_bg_color__hover=”rgba(255,243,71,0.53)” button_bg_color__hover_enabled=”off|desktop” button_bg_enable_color__hover=”on”][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.8″][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]An Additional Buyer’s Stamp Duty (ABSD) of 35% will be imposed on any transfer of residential property into a living trust from 9 May onwards, as announced by the Ministry of Finance late on 8 May.

Previously, when a residential property is transferred into a living trust, Buyer’s Stamp Duty(BSD) is payable. Depending on the profile of beneficial owner, ABSD is also applicable. When there is no identical owner at the time of transferring the residential property, ABSD may not apply.

Now, with the latest change, a trustee have to pay ABSD even if there is no identical owner at the time of transferring the residential property.

According to the press release, “ABSD aims to promote a stable and sustainable property market, and as such, it should apply to transfers of residential properties into all living trusts, irrespective of whether there are identifiable beneficial owners of the residential properties transferred into such trusts.”

The ABSD (Trust) is to be paid upfront while transferring a residential property into any living trust.[/et_pb_text][et_pb_code _builder_version=”4.4.8″][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Refunding of ABSD (Trust):

[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]A beneficiary may apply to IRAS for a refund of ABSD (Trust), if the following conditions are met:

All beneficial owners are identifiable individuals of a residential.
Now, the beneficial owner must own a property and not in the future.
The beneficial ownership of the residential property has been vested in all of them and cannot be revoked, varied or subject to subsequent conditions.

[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]According to Inland Revenue Authority of Singapore, the ABSD treatment for the residential properties must be equalised, irrespective of whether a beneficiary is involved or not.

The refund application must be sent within 6 months after the instrument is executed. This refund amount will be based on the difference between the ABSD(Trust) rate of 35% and the corresponding profile of the beneficial owner with the highest applicable ABSD rate.

The refund will not be applicable if the property is held in trust for a child who gains authority when they turn 21.[/et_pb_text][et_pb_blurb image=”https://kumarproperties.sg/wp-content/uploads/2022/05/Kid-getting-house-keys-900×386-1.webp” alt=”Singapore Property inheritance” _builder_version=”4.4.8″ body_text_color=”#000000″]Under the new ABSD (Trust), the trustee will have to pay 35% when buying a residential property and hold it as a trust for a minor. [/et_pb_blurb][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]To be eligible for the remission, the trustee can apply via the IRAS e-Stamping portal within six months from the date of the execution of the instrument.

The supporting documents for the refund:

The Option to Purchase or sale and Purchase Agreement copy.
Trust instrument copy.

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Here it is article about ABSD 35% rate and Conditions. And we will share more articles in future about the Singapore Properties. Do not wait anymore. If you are keen to have the next article, please register below! You should not miss this. See you soon.

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16th May 2022 admin Leave a comment

How Will Budget 2022 – Property Tax Increment Impact The Housing Market?

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How Will Budget 2022 – Property Tax Increment impact the housing market?

Budget 2022 – Tax rates for Residential Properties will be raised, this was announced by Singapore Government Finance Minister Lawrence Wong on 18 Feb 2022. They want to increment in two steps, starting with the Tax payable in 2023, with Singapore real estate properties at the higher end seeing steeper hikes.

The property tax rates for owner- occupied Singapore properties for the segment of yearly value more than $30,000 will be raised from 4% to 16% presently, 6% to 32%. And tax rates for non-owner-occupied residential Singapore properties, will increase from 10% to 20% currently, to 12% to 36%.

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Impact on Owner-Occupied Properties

[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]For owner-occupied properties, property tax raise will impacts the portion of annual values in excess of $30,000. This will only affect the top 7% of all owner-occupied residential properties in Singapore, acc to the Ministry of Finance (MOF). Therefore, many Singapore real estate property holders that are living in HDB flats or private homes in the suburban areas – whose yearly value of residence is $30,000 or below – will not be affected by the change.[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_code _builder_version=”4.4.8″][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

For example, there is a 4 bedroom HDB flat in city fringe with an annual value (AV) of $11,040 will continue to pay $121.60 in Singapore property tax – even with the tax payable under existing tax treatment. Further example about an owner- occupied condo in central location with an annual value of $40,000 will be a final tax raise of $200 in 2024 as the real estate property tax payable increase from the current $1,280 to 1,480. ( See Illustration B)

Eventually, a property owner who is living in a large sized landed Singapore property will have to fork out more on property tax after the revision, with tax payable increasing from the current $2,780 to $3,930 in 2023 and to $5,080 in 2024 (See Illustration C).

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Most of the householders need to manage the raise in Singapore property tax on owner-occupied homes. However, a certain people find difficult to bear property tax hike like retire people who are living in a extra size landed property and don’t have a lot of savings amount.

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Impact on Non-Owner-Occupied Properties

[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]Let’s see how real estate property tax increment impact for non-owner-occupied properties. From 2023, the revised rates will kick in over two phases.[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]For Example, Annual value of a non-owner-occupied HDB flat is $10,000 and for this property tax payable by $100 to $1,100 in 2023 and it rise to $1,200 in 2024 (See Illustration D).

Meanwhile there is a non-occupied condo in the suburbs with an annual value of $30,000 will be a raise of $600 in Singapore property tax payable to $3,600 from 2024 (See Illustration E).[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

We believe mostly the future Singapore property tax rates are not seriously decrease buying interest nor affect the residential market significantly. Most of the Singapore real estate property investors investing Singapore properties take a longer-term view on property purchases, focusing on the long-term returns, capital growth potential and to preserve their wealth – rather than looking at the holding cost in the form of property tax.

Any Singapore property tax or cooling measures arrive, they won’t affect buyer’s interest or won’t stop people to invest in properties. Additionally, Singapore remains attractive investment destination for most of the people, with currency and political environment.

We will provide different articles about current market situations and what things you should do for property investment. Follow us and contact us for more information.

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4th May 2022 admin Leave a comment

To Choose Right Property All First-Time Buyers Need To Know

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To choose right property all first time buyers need to know

[/et_pb_text][et_pb_button button_url=”#enquiry%20″ button_text=”Register Your Interest” _builder_version=”4.4.8″ custom_button=”on” button_text_size=”14px” button_text_color=”#000000″ button_bg_color=”#ffee00″ button_border_color=”#000000″ button_border_radius=”0px” button_letter_spacing=”2px” button_font=”Poppins|700||on|||||” custom_padding=”15px|25px|15px|25px|true|true” button_text_color__hover=”#ffffff” button_text_color__hover_enabled=”off|desktop” button_border_color__hover=”#fff347″ button_border_color__hover_enabled=”off|desktop” button_bg_color__hover=”rgba(255,243,71,0.53)” button_bg_color__hover_enabled=”off|desktop” button_bg_enable_color__hover=”on”][/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.8″][et_pb_row _builder_version=”4.4.8″][et_pb_column type=”4_4″ _builder_version=”4.4.8″][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]As you are going to buy for the first time, there are many things to fear. Most people do not have proper knowledge in buying & selling properties so it may be difficult to choose the perfect property that could possibly enjoy growth and fit within affordable budget. Mostly the first time buyers number one choice is either the next BTO or a resale flat close to their families and they think of their future and consider that they can afford of the public housing. Is this the right choice.

If all you want a peaceful life, this is the right choice. But if you want earn more for a better future and lifestyle, then you have to consider other options. Let’s have a look.

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Mostly the young buyers do not consider lengthy timeline, one have to realise their first fortune you made in your life.

Actually the 4 years long waiting of a couple to complete with the Minimum Occupation Period of 5 years which locks a young couple of 30 years old for a period of 9-10 years it means that the young couple reach at age 40.

We know that time is money and this is the unchangeable fact of life! Many people have the misunderstanding that property investment should start in the late stage of life but due to the mortgage limitations in Singapore, they get the shorter loan tenure which sadly means that the monthly loan repayment will be heftier with additional expenses like child care and educational commitments. This makes many people miss the high speed train of property investment, having still advantage.

So, if you can afford to get a very nice home with the first investment which have a high potential of making decent profit in 5 years, wouldn’t it be great jumpstart to your property investment journey? It is crucial to know that you have to start this journey as soon as your finances sound.

Remember I mentioned that being sensible is important. I cannot stress enough that success of your first investment depends on careful planning. Now we can see that private homes going to hit new highs in 2021 in the given figure. Each time the market falls down, it rebounds with more height, and those having fear to invest in the market and choose to wait end up with paying more for which they have to pay. These are the basic mistakes which can be avoided easily.

Even though by seeing the chart show that the home prices continuously climb but we have to consider the truth that some inexperienced “investors” who made losses too. This is because of various factors and most of the common factors are not setting aside reserve funds, wait to invest and misunderstanding the property market without proper knowledge. This can be easy and much safe if you follow our proven strategy.[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Private property price index percentage from 2000Q1 to 2021Q3

The historical price chart of a private property Changi Green, as a first-timer, do you buy property since prices now are at its previous high in 2014? Do you believe that the price will continue to increase in the next three years?[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Changi Green historical monthly price (psf) range.

Now, let me show you in the given figure, some of the transactions that occurred in the recent years at Changi green. Some buyers brought up with resale property and end up with not making any profits and some of them incurred loses too. Do not repeat these expensive mistakes made by others![/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Changi Green transaction history

Then a question arises, how will one select a right property?

Here, we consider 2 important factors – potential upside & risk involved. With this careful analysis of the facts, and market insights of these 2 points determine if the property is safe to enter. No one can guarantee that you will definitely make money, so we have to consider that risk is as important as the potential upside.

One last example to determine the further points. Looking at the figure, between Queens and Commonwealth Tower, one would have been very upset and utterly disappointed if you choose to purchase the former because of its low entry price. As we can see, even tough the commonwealth tower has higher entry price, the profits earned much has been increased. Do you think is this the case?[/et_pb_text][et_pb_code _builder_version=”4.4.8″ text_orientation=”center”][/et_pb_code][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Historical price for Queens & Commonwealth Tower

With all these questions keeping in mind, you have to know that it is key to understand how to select the right singapore property market. The essential factors listed above will have the criteria in determining the right property, this makes you to start you real estate investment journey in the right direction. It can be easier if you know all the fundamentals of choosing right property it can also be applied for future properties when you upgrade. Try to avoid repeating mistakes done by others.[/et_pb_text][et_pb_text _builder_version=”4.4.8″ text_text_color=”#000000″ text_font_size=”18px”]

Do not wait anymore. If you are keen to have the next article, please register below! You should not miss this. See you soon.

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