Housing affordability in Singapore has been a hot topic. In an article published in The Business Times, Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group asks: is Singapore property prices unaffordable or are we paying premiums for quality housing?
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COV stands for cash over valuation, incurred when the purchase price of an HDB resale flat is higher than HDB's valuation. Here are 4 factors that influence COV you should know, before agreeing to a seller's asking price.
You could be a local looking to settle down with a same-sex partner, or an expatriate who is looking for a gay-friendly place to rent in Singapore. Either way, when it comes to living happily ever after in Singapore, the LGBTQIA+ may run into some obstacles as there are no laws here that specifically safeguard…
The post The LGBTQIA+ guide to renting (and buying) property in Singapore [2023 update] appeared first on .
Whether you’re an expat touching down in Singapore or a local looking for a temporary abode, you’re bound to find a suitable home with Far East Hospitality Serviced Residences. We all know the saying that “location is everything” but the ideal address means different things to different people. Friends vacationing together might gravitate to a…
The post Land the perfect serviced apartment for your unique needs appeared first on .
In line with OrangeTee’s focus on strategic and sustainable growth, the senior management team has welcomed Deputy Chief Executive Officer Justin Quek, who first joined the industry in the 2000s. As the Deputy CEO, he will apply his rich expertise and close to two decades of experience in real estate, proptech, strategic development and working…
The post OrangeTee & Tie’s new Deputy CEO Justin Quek shares H2 2023 plans for the agency appeared first on .
1,038 private homes were sold in May 2023, marking its fifth consecutive month-on-month (MoM) increase. Meanwhile, HDB eyes doubling the supply of HDB flats under the Parenthood Provisional Housing Scheme (PPHS) to 4,000 in the next two years.
The upcoming November 2023 BTO launch will feature about 6,300 BTO flats across 7 announced estates: Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown, and Woodlands. Here's where we hope the BTO sites will be.
Around 6,760 flats will be launched in the August 2023 HDB BTO launch. They are spread across the island, in Choa Chu Kang, Kallang/ Whampoa, Queenstown and Tengah. Each of these towns will have one project to be launched, except for Kallang/ Whampoa, which will have three projects. But before we go into our overview…
The post August 2023 HDB BTO overview: Choa Chu Kang, Kallang/ Whampoa, Queenstown and Tengah appeared first on .
Let's say we book BTO flat 550K and paid a 10% downpayment of 55K. HDB loan covers the balance of 495K.
We just wait for BTO completion and collect the key, move in, etc.
My question is: We currently stay in resale HDB (not taken any grant), if let's say we sold it within 6 months after moving into our BTO at 400K (for example), the final settlement or balance amount after all the deduction (bank loan, CPF, accrued interest, etc) is 150K. Can we use it to pay HDB to reduce our HDB loan amount?
For the past few months, we have been covering monthly condo gains and losses. For instance, last month, we noticed that the condo units with at least a 200% gain in April 2023 were held for at least 15 years. We also noted that 32 condo units were sold at a loss in the same…
The post ECs resold in May 2023 made an average profit of S$470k; highest at S$995k appeared first on .