Pitfall 1: Expecting sky high returns in a short time We have met people who said things along the line of— “Making $100,000+ in 3 years is not worth so much hassle.”— when we could be talking about a net return on investment of around 10%-15% per annum. So our question back to them is: …
6 Potential Pitfalls Property Investors Should Avoid Read More »
A Really Long “Lock-In” Period Anyone applying for a Plus or Prime flat would be subject to a 10-year Minimum Occupation Period (MOP), which essentially means you are tied to your HDB flat for almost 15 years (10 years in addition to the construction time which is typically 4-5 years). This can impact buyers in …
All you need to know about the new BTO categories Read More »
Context We are answering these questions with investment as the paramount objective, i.e. specific personal needs in terms of space and location will not be considered here. Short answers here only. Reach out to us if you’d like further elaboration on them. 1. Should I wait until 35 years old to buy a resale HDB? …
Common Questions Single First-time Home Buyers Ask Read More »
According to the URA Real Estate Statistics Q2’2023, prices of private residential properties declined by 0.2% in 2nd Quarter 2023 following a 3.3% gain in the previous quarter. The overall price decline of 0.2% was led by a 2.5% q-o-q price decline in non-landed RCR properties. This could be attributed to new launches such as …
At A Glance: URA Real Estate Statistics 2Q 2023 & how we can interpret them Read More »
Really? First and foremost, the point of this post is not to answer the debate on “Should I buy a freehold or leasehold condo?” No winner will emerge at the end of this post. The main purpose is to debunk the old sweeping statement of how one should not buy leasehold properties because they will …
Should I only buy a condo near the MRT? Really? This is a very common assumption made by buyers, and we can understand why. Condos in close walking distance to the MRT will always have good demand for multiple reasons. However, going as far as to say that only condos a the MRT station are good investments …
Who said this? “Only condos at the MRT station are good investments.” Read More »
Should you blindly trust advice from non-professionals? If your budget only allows for a 1-bedroom property, you may hear skeptical remarks from people discouraging you from buying a 1-bedder because “nobody wants to buy 1-bedders” and they think that it can be hard to sell next time. This is a sweeping statement. People often make …
Highest Interest Rates Since 2007 In May, the Federal Reserve approved the 10th interest rate hike in the last 14 months to a new target range of 5% to 5.25% but dropped a hint that the current tightening cycle is at an end. Is There A Direct Relationship Between Property Prices & Interest Rates? 2018-2019: …
ONE Misconception: I am not in a hurry. It is better if I list my property at a much higher asking price than what I can sell at, so I can get the highest price possible or have more room for negotiation with potential buyers. (Unless this is advised by your agent due to your …
Ask Yourself: Why Not Now? If upgrading has always been part of your plans (only a sooner or later thing), and you can already afford to do so now, you need to identify the reasons for not taking action. Are there legitimate reasons that make upgrading unsuitable now, or are you just fearful of change, …
Upgrading From HDB To Private Property: Better Now or Later? Read More »