January 2022

Comment on My BTO renovation was stressful. Learn from my mistakes. by Al

I can totally feel your pain. I went through a similar experience engaging an ID that was recommended by a friend. Just getting the quotation aligned took a good 7 months and there were still errors. Just glad I decided to terminate their services and moved on to a contractor instead. My renovations are now finally completed and it took the contractor only 4 months. For many of us new home owners, it is perceived that having an ID would save us time from the project management. However with what I have encountered, I really beg to differ. Having a reliable contractor is way better and you do not need to deal with the shady practices commonly used by IDs. Sorry not to bucket all IDs as bad but the industry has built itself a nasty reputation.

Private home prices up by 5% in Q4 2021, highest quarterly increase since Q2 2010 

Driven by factors such as economic growth and upgrader demand, prices of private residential properties increased by 5% in Q4 2021. In comparison, Q3 2021 saw a 1.1% price increase. According to the real estate statistics released by URA on 28 January, prices were up by 10.6% in the whole year of 2021, lower than...

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Comment on Wealth tax Singapore: How it could affect the property market by Edmund Chua

IRAS doesn't need to do much; all they need to do, is to add 1 more layer of 5% for Buyer Stamp Duty BSD for amount above (says) $1.5M, a threshold for almost all HDB properties but decent sum for private properties. Ie, no change on BSD for properties below $1.5M (says) but 1% more collections for amount above. BTW, they had done the same in Feb 2018, without much fanfare.

How the CPF accrued interest can affect your property sale proceeds

Singaporeans are viewed as a practical and savvy bunch, right? When it comes to selling our house (whether it’s an HDB flat or condo), most of us prefer to receive the sale proceeds in cash, rather than having it go into our Central Provident Fund (CPF) accounts. In this article, we’ll show you how much...

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Creating opportunities for himself: Hugo Xu is building a winning team

Hugo Xu, Senior District Director at Huttons started his journey into real estate as early as 2007 fresh after completing his National Service. Hugo worked as a part-time property agent while he was still in university. He was able to fund both his studies and living expenses on the part-time income he generated, and gain...

The post Creating opportunities for himself: Hugo Xu is building a winning team appeared first on 99.co.

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