The year 2020 is tough. Most of our plans have been suspended – birthdays, vacations, and family gatherings. We might have even put on hold our plan to purchase a property this year. But is it really true that the property market went down? And will it continue next year? And how does this… Continue reading 2020 Year-in-Review
Category: Residential
What Savvy Homeowners Do When Buying Property
Buying a house is one of the biggest financial undertakings in a person’s life. Some say it’s an emotional rollercoaster. But I am here to tell you that we don’t need to pour out our emotions for this decision. We just need to be prepared. Here are five things you need to do before… Continue reading What Savvy Homeowners Do When Buying Property
3 things I tell people about retirement that they NEVER want to hear about
Have you ever thought of the word “retirement” for your life?
As we grow old, it is expected that we have saved enough money to use and spend when we retire. Unfortunately, most people do not have enough saved (73% of Singaporeans to be exact) to reach retirement. So we have to do something! I have to do something! At the very least educate you, my readers and friends, about planning ahead and saving accordingly.
I believe retirement is financial independence.
One way to ensure that our family and our lifestyles are protected is to plan for retirement. If you are in your 50’s, you still have the chance to do so. I want families to understand their current situation and it’s crucial how we can maximize wealth to full potential through property.
Decisions You Need To Make Before Buying A BTO Flat
Getting a BTO flat is a significant decision. Yet, a successful BTO application is just step one and there are even more decisions that require your careful consideration in the long run. Here are some decisions you need to make before buying a BTO flat.Since August 2018, you are allowed to retain up to $20,000 in your CPF Ordinary Account (OA). Before, it is a requirement to fully utilize your CPF OA funds to pay for the flat before taking up a HDB loan. Clearing your CPF OA can help to reduce the housing loan amount that you take up.
HDB BTO – What You Should Know Before Buying Your First BTO Flat
Build-To-Order (BTO) flats are HDB flats that are built based on the percentage of bookings of apartments. If more than 60% of the apartments in the BTO flats have been booked, then construction will begin right away. Otherwise, construction won’t push through. Because there needs to be a demand first prior to this type of real estate property being constructed, there is a particular wait time for BTO flats. Once HDB receives the sufficient number of qualified applicants, they will then have to wait another three to four years before the building is even constructed.
Cooling Measures Effect: What a Home Buyer Should Look Out For
At the end of the day, buyers are still mindful if prices are reasonable given the current situation, measures and challenges. And because the REI Method enables home buyers and sellers to apply to science of real estate, they can take advantage of these latest property cooling measures even if the situation may seem dreary and worrisome for most ordinary home prospectors.