Ready to purchase your first freehold property? May this guide help you out with your purchase and lessen the hassle you need to face. You can also seek help from real estate advisors if you want. For foreigners in Singapore, it is important to note that strict government restrictions on foreign property ownership means that the properties open to you is substantially lesser than what’s available to the average Singaporean.
Author: Singapore Real Estate Insider
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HDB BTO Timeline: How Long Does It Take To Be Completed?
Singapore is surely everyone’s dream land. Whether you are a couple looking for your first house or is someone planning to stay here for good, now is the time for you to understand how owning a home here works. Are you curious as to how long will it take to have your dream flat come true? The Housing Development Board (HDB) is responsible for public housing in Singapore. BTO stands for Build to Order and is a flat allocation system under HDB. Interested buyers must apply for a flat from their preferred locations and wait for it until fully constructed.
Real Estate Basics: 4 Terms Every First-Time Singaporean Property Buyer Needs to Know
If you have encountered this word in any type of loan initiative, then welcome to the world of adulthood. I recall using this word for the first time in a conversation, and it made me sound so mature! This way you see another inverse relationship of the interest decreasing as your principal increases at the end of the loan term.
Now that you’ve had your first bout with real estate terminologies, you have also gained more confidence in making the right decisions toward making your real estate purchase.
7 Easy Tips How to Avoid Room for Rent Scams in Singapore
In Singapore, rental scams are rampant and if you are a lessee, you must always be alert when there are signs of any room or house rental scams. Searching for an apartment should be fun and exciting but rental fraud can turn a positive experience into a negative one. Most scam artists use the vulnerability of prospective homeowners to cheat them of their money and here is how you can prevent it from happening to you. Every property for lease has a listing. The important thing to remember is this: even if a listing looks completely legitimate, there is still a small risk of fraud. Scammers will always find a way to lure you into giving a payment before checking the property.
Freehold Condominiums: What Makes it Different?
A lot of people usually prefer condominiums because they’re not ready to build or start a house yet. This is mostly true to those single adults or those who’ve just started with their relationships. Condominiums aren’t as expensive as buying a house and lot right away, and as small families would need to stay somewhere between the time period that they save for a house, then condos are the second choice.
So far, condominiums are classified into leaseholds and freeholds, in which the main difference is the number of years you own them: leaseholds for the number of years stated in the contract like 30, 60, or 99 years, while freeholds basically means forever, as long as no problems arise.
CPF Refunds: Knowing the Basics for a Smooth and Stress-Free Property Sale
There is an ample amount of opportunities to sell old property and purchase a newer one.So as sellers and potential buyers, we all need to be vigilant about the process of selling your property and acquiring a new one. But when talking about the sale and purchase of property, one topic notoriously pops up in conversations which most often causes confusion. This is why it’s more than necessary to go over this to avoid making any mistake and maximize the potential of your real estate experience.