Author: Chanel Goh

Review on UOL Land Emerged As The Developer of Amo Residences Condo Amo Residences GLS site development has been awarded to United Ventures Development by URA. This comes after the developer submitted the highest bid of S$381.4 million, translating to S$12,031 per square meter of GFA. The tender for the site attracted 15 bids, including from top developers like Far East Organization, Sekisui House, and Sino Group. Through a tie-up of City Developments and MCL Land, a bid from Titus residential came second highest at $358.89 million or $1,052 psf ppr. Amo Residences will be developed jointly by three developers, UOL Group, Kheng…

Belgravia Ace Developer Belgravia Ace is proudly developed by Tong Eng Group. One of Singapore’s most pioneer developer, they have been presenting quality homes to buyers since 1940s where they are heavily involved in the developing and construction sector. A couple of Tong Eng Group’s projects locally include the first two phases of the Belgravia Series namely Belgravia Villas, Belgravia Green and Stratton Green among many others. Belgravia Ace pricing is expected to be attractive for home stayers and investors to get a piece of this rare collection. The area also has a proven track record of rental yield and rentability given the great location and Belgravia…

Singapore, known for its economic prowess and financial stability, has long been a magnet for individuals seeking a prosperous environment. As one of the world’s leading financial hubs, Singapore has carefully crafted its tax framework to attract global talent and foster economic growth. In this article, we will delve into the intricacies of Singapore’s wealth taxes, exploring five key questions that individuals and businesses often encounter. 1. What is the Basis of Wealth Taxation in Singapore? Singapore stands out as a jurisdiction that does not impose a traditional wealth tax on individuals or corporations. Unlike many other countries, there is…

5 groups of people asking for property advice After I started my one-to-one property consultation service last March, five main groups of people would ask for my help: 1. Young couples who are getting married and buying their matrimonial home Their combined salaries are usually above the income ceilings of first-hand BTOs and ECs. They want to know the private housing options that are within their budget, including property types, location and projects. 2. Couples who just sold or are planning to sell their HDB flats They plan to upgrade to a private residential property, move to a new home for their…

Navigating the Current Landscape of Singapore’s Real Estate Market Introduction – Introduce the section by emphasizing the dynamic nature of the Singapore real estate market in 2023. – Highlight the significance of understanding the current market conditions for both developers and potential buyers. Economic Context – Explore the current economic climate in Singapore and its impact on the real estate market. – Discuss key economic indicators, such as GDP growth, unemployment rates, and interest rates, and their influence on property development. Government Policies and Regulations – Examine recent government policies and regulations affecting the real estate sector. – Discuss measures…

It seems like there might be a bit of confusion in your question. TDSR typically stands for Total Debt Servicing Ratio, a measure used by financial institutions in Singapore to assess a borrower’s ability to service their existing debts along with the proposed loan. It’s not directly related to SEO titles or content. If you’re facing challenges with TDSR in the context of a loan application, here are some common reasons for failure and general tips: Reasons for TDSR Failure: Certainly! The Total Debt Servicing Ratio (TDSR) is a financial framework used by lenders to assess a borrower’s ability to…

In Singapore, if you have outstanding debts related to a property, you typically need to repay those debts when selling the property. Here are some key points to consider: Mortgage Loan Repayment: CPF (Central Provident Fund) Usage: Outstanding Property Taxes: Legal and Administrative Costs: Other Debts: HDB Flat Specifics: Engage Professionals: Net Sale Proceeds: Before proceeding with the sale, it’s crucial to have a clear understanding of your financial obligations and seek professional advice to ensure a smooth and legal transaction. The specific details may vary depending on the type of property, financing arrangements, and any unique circumstances surrounding your…

Worst 3rd quarter private home market since 2016 On October 27, URA released real estate statistics for 3rd quarter 2023. Their press release headline “Overall private residential prices remained broadly flat” is an understatement. Last quarter, despite developers released 10 new projects and 2,805 units for sale, the market sold only 1,946 new units. On a year-on-year basis, it is 11 percent lower than 2,187 new units sold in the 3rd quarter of 2022. Compared with two years ago in 3rd quarter 2021, it is 45 percent lower than 3,550 new units sold in that quarter. The market recorded total transactions…

Introduction: In the competitive real estate market, the prospect of affording your dream property may seem daunting. However, with strategic planning and financial discipline, you can turn this dream into a reality. This article outlines a comprehensive 5-step guide to help you navigate the path to property ownership with confidence. Step 1: Set Clear Financial Goals Before diving into the real estate market, take the time to assess your current financial situation and set clear goals. Define a realistic budget, considering your income, expenses, and savings. Identify how much you can comfortably allocate towards a property purchase. This step not…

When it comes to making significant decisions about property investments, trust is paramount. Entrusting your hard-earned money and future financial security to the right individuals or entities is crucial for a successful and stress-free real estate venture. In this article, we will explore key factors to consider and trustworthy sources to rely on when making property decisions. Engaging with reputable and experienced real estate agents is often the first step in a successful property transaction. These professionals possess in-depth knowledge of the local market, can provide valuable insights into property trends, and guide you through the intricate process of buying…