It’s common knowledge that, when a HDB owner buys a condo unit, he or she has to fork out an Additional Buyer’s Stamp Duty (ABSD) for the purchase of a second property. Even if the HDB owner is an upgrader who intends to sell the flat and keep only one property, the ABSD must still...
The post Upgrading to a condo: Why the ‘ABSD remission’ system should be abolished appeared first on 99.co.
Faced with a competitive rental market due to the onslaught of Covid-19, landlords are now feeling the squeeze from expats leaving Singapore or downgrading to a smaller rented home. Most of these landlords have significant mortgage obligations that depend on consistent rental income, and prolonged vacancy would mean being unable to service the home loan...
The post Landlord Tips: 7 Ways to Minimise Vacancy for Residential Rental Property appeared first on 99.co.
Property portal 99.co presents the following weekly property news roundup for the week of 10 to 16 October: #1: September HDB and condo rental volumes up nearly 50% The phased opening of Singapore’s border with Malaysia since 17 August has had a dramatic impact on HDB rental volume, as Malaysian workers returned to Singapore. In September...
The post News Roundup: Robust HDB and condo rental volumes in September appeared first on 99.co.
For many in the industry, the Rex Tan Division (RTD) at Huttons is no unfamiliar name. Having been established since 2007, RTD today has grown to a 800-strong team today. Many who have interacted with RTD would know of their dedication to innovation, and a passion to continuously put the needs of their agents and...
The post RTD’s Personalised Intelligence Report a gamechanger in the real estate industry appeared first on 99.co.
Call it an ‘old uncle’ mentality, but there’s a small but significant number of freehold-only Singaporean property buyers who steadfastly refuse to ever consider buying a 99-year leasehold condo. Might as well throw money down the drain lah, they’d argue. Truth is, the tenure of a private property seldom defines whether it’s a good buy...
The post The savvy case for buying a 99-year leasehold condo appeared first on 99.co.
On 8 October, the government announced a further extension of temporary relief measures directed at property developers, including allowing a further extension of various project completion deadlines by six months as Covid-19 continues to disrupt the construction industry. This extension is on top of the previous six-month extension announced on 6 May, after the Building and...
The post Property developers given another round of time extension for delayed projects appeared first on 99.co.
When there are already not many activities planned under the threat of Covid-19, we still see rare, exciting events being cancelled at the eleventh hour. The long-awaited inaugural flight under the Singapore-Hong Kong air travel bubble arrangement was rescheduled last minute at 5 p.m. the day before its official takeoff. Earlier this month, the high-profile... [read more]
The post Follow the hot money appeared first on Property Soul.
If you’re buying an HDB flat in Singapore for the first time, you’re just beginning to realise how much it costs to live in what is essentially a tiny space...
The post HDB Grants Guide 2021 — What’s the Max CPF Housing Grant You Can Get? appeared first on MoneySmart.sg.
If you’re buying an HDB flat in Singapore for the first time, you’re just beginning to realise how much it costs to live in what is essentially a tiny space...
The post HDB Grants Guide 2021 — What’s the Max CPF Housing Grant You Can Get? appeared first on MoneySmart.sg.
(This article is from my new book Behind The Scenes of The Property Market: Finding The Truths and Exposing The Lies of A Not-So-Transparent Industry. Pre-order of the book ends on November 6, Friday.) Do you believe in the infallibility of the mass media? Or do you think the press can be wrong? According to... [read more]
The post Always question what the media tells you appeared first on Property Soul.