SG Property Insights

07/11/2024

Join us for an insightful session! 📊

5 Critical Indicators We Can't Ignore

To register, click on the following link: https://www.propnex.com/ces/575/90606215

📅 Nov 7, 2024 🕢 7:30 PM to 9:30 PM 🎤

Featuring Mohamed Ismail & Kelvin Fong.
Gain valuable insights into Singapore's property market.

Don't miss out! 🌟

13/10/2024

我借此机会分享一个位于 Lor Chuan 的即将推出的项目，
就在 Chuan MRT 旁边( 后港 Hougang )

如果您的朋友有兴趣进一步了解，
我可以提供最新的详细信息。
https://wa.me/6590606215

I'd like to take this opportunity to share an upcoming project at Lor Chuan, right next to Chuan MRT.
If any of your friends are interested in exploring it further,
I can provide all the latest details.🙂

10/10/2024

Whats Your Next Step 🏠✨
Join us on Oct 22, 2024, 7:30 PM - 9:00 PM at Chuan Park Showflat!
Hear from Kelvin Fong, Deputy CEO, as he shares insights on the evolving property market.
Stay ahead of trends and make informed decisions!

Florence Ng

To register, click on the following link: https://www.propnex.com/ces/549/90606215

29/04/2023

【政府推出新一轮降温措施】
外国买家须支付ABSD从30％增至60%

❗️❗️根据市区重建局4月3日公布的最新预估数据显示，整体私宅价格连续第12个季度上扬，第一季整体私宅价格指数环比上升3.2%，高于去年第四季的0.4%涨幅。

政府深夜宣布推出最新一轮房地产降温措施，以促进可持续的房地产市场。

✅从星期四（4月27日）起，购买住宅房地产的额外买方印花税（ABSD）调高三至30个百分点。其中外国买家须支付的ABSD调整幅度最大，一律从30％调高至60％

✅购买第二套和第三套房地产的新加坡永久居民，分别从25％和30％，调高到30％和35％。购买第一套房地产的永久居民继续支付5％ABSD。

✅至于购买第二套和第三套房地产的新加坡公民，须支付的ABSD分别从17％和25%，调高到20%和30％。购买第一套房地产的新加坡公民则继续无须支付ABSD。

现在还能投入房产为家庭资产吗？
咨询分享可联接 https://wa.me/6590606215

https://youtu.be/jh5rqDjzC0s

财政部、国家发展部和新加坡金融管理局星期三（15日）深夜发表联合文告表示，在16日推出最新一轮房地产降温措施，包括增加购买住宅房产的额外买家印花税（ABSD）、收紧总偿债比率（TDSR），以及调低建屋发展局组屋房贷的...

29/04/2023

‼️*IMPT ANNOUNCEMENT*‼️

Dear Friends …

💌 HDB just announced the introduction of a new HDB Flat Eligibility (HFE) letter from ✅ 9 May 2023 ✅
to provide flat buyers with a holistic understanding and assessment of their housing and financing options before they commence their home buying journey.

💌 The HFE letter will inform flat buyers upfront of their eligibility for a new or resale flat purchase, CPF housing grants, and HDB housing loan, including the respective grant and loan amounts. It will replace the current HDB Loan Eligibility (HLE) letter, and the Intent to Buy (ITB) for resale flat buyers.

See the link below for more details:

https://www.hdb.gov.sg/cs/infoweb/about-us/news-and-publications/press-releases/28042023-New-HDB-Flat-Eligibility-Letter

Need any clarification feel free to drop me Whatapp
Https://wa.me/6590606215

29/04/2023

请注意❗️计划购买政府组屋 HDB 的新政策

不符合购屋资格的人仍然不能买组屋，而符合资格的人也不会失去资格，HFE通知书并不会改变这个事实。它的好处在于买家可以提早知道自己会获得多少津贴，以及能不能向建屋局取得贷款

若有任何疑问 热线 https://wa.me/6590606215

https://www.zaobao.com.sg/news/singapore/story20230429-1388524?amp

28/12/2022

[HIGH DEMANDS, HIGH RENTS: TIPS FOR TENANTS]

Like the high-rise flats, rents in Singapore are rising high as demand outstrips supply due to the return of foreign talents, delays in housing construction, and local demands for interim accommodation.

In the latest quarter, we have seen rents for private homes and HDB up by 8.6% and 7.5% consecutively. In the first nine months of 2022, HDB rents have surged 20.9% to hit record highs*.

This means bad news for tenants as they now have to fork out up to 70% more in rent.* With the rents skyrocketing over the course of the pandemic, what could tenants do to reduce the rental burden?

▶️ Ask the landlord for a lease extension to maintain the existing rental rate.
▶️ Negotiate the rate with your landlord.
▶️ Find a good agent to scout for a cheaper option.
▶️ Move into a smaller unit, or from condo to HDB.
▶️ Consider shifting further away from prime areas.

Aside from the abovementioned suggestions, some expats are going for co-living as it is generally more affordable than the rental rates in the open market*. As a word of caution, if you are going to partake in a co-living arrangement on your own, it is advisable to have some form of legal support to protect your interest in case any of your housemate default on rent or break the lease.

Followed by steady construction recovery, it is expected that more homes will be completed by 2023 which will likely ease the property crunch and slow down rental price growth.

*Information source:
https://www.todayonline.com/singapore/rents-private-homes-hdb-flats-hit-all-time-highs-q3-ura-hdb-data-2030941
https://www.channelnewsasia.com/singapore/housing-rent-prices-expats-70-increase-landlords-tenants-3060231
https://www.channelnewsasia.com/singapore/co-living-spaces-rental-prices-lyf-3095286
https://www.straitstimes.com/business/govt-steps-up-supply-of-private-homes-for-first-half-2023-includes-mega-jurong-lake-district-site

30/11/2022

[WAIT FOR 15-MONTHS! WHAT SHOULD I DO?]

The 15-month waiting period announced in October’s cooling measures has left many shocked and unsettled. Previously, private property owners were allowed to buy an HDB resale flat on the open market as long as they sell their private properties within 6 months of the HDB flat purchase.

Though with the aim to reduce the risk of homebuyers facing difficulties in servicing mortgage loans, the cooling measures could also impact those with actual needs. Homebuyers may have to rent a place or stay with their friends'/relatives’ homes during the wait-out period - unless they opt to turn back to private properties.

For those affected by the new wait-out period, here’s what you can do:
1️⃣ [If you have already sold your private property, and renting or staying with your relatives/ friends may not be an option…]

You may submit an appeal to HDB for a waiver on the wait-out period provided that you have obtained an option to purchase (OTP) before the cooling measures kicked in. You are required to show proof of payment of the option fee or exercise fee before Sep 30, 2022.

2️⃣ [If you have yet to sell your private property, but are in the plan of doing so to downgrade to an HDB flat due to financial reasons…]

You may seek assistance from HDB to review your situation. HDB may exempt those with genuine housing needs or those facing extenuating circumstances on a case-by-case basis.*

For detailed info about the latest cooling measures, read our blog here:
https://sgpinsights.sg/index.php/2022/10/10/2022-october-market-updates-latest-cooling-measures-in-singapore/

*Information source:
https://www.straitstimes.com/singapore/housing/15-month-wait-out-period-to-moderate-hdb-resale-flat-demand-ensure-affordability-desmond-lee