With rising rental costs on the horizon, tenants are faced with a crucial decision: invest in a permanent home or opt for a condominium while continuing to rent. As the future appears uncertain, navigating the real estate market becomes vital for those seeking stability amidst rent hikes.
In a bid to curb excessive upgrading behaviour and protect asset values, Singapore’s HDB has introduced new classifications for flats. These tighter restrictions are raising concerns about the impact on capital upside. Homeowners now face stricter guidelines on eligibility for resale and executive flats, igniting a debate on the trade-off between housing stability and financial gains. As the market grapples with these changes, experts question if the new rules will truly deter upgrading behaviour or limit potential capital appreciation.
In a surprising turn of events, 10 brand new launch dual key units have managed to dodge the Additional Buyer’s Stamp Duty (ABSD) and are still available in 2023. These coveted properties offer a versatile living arrangement with separate entrances, making them ideal for multi-generational families or investors seeking rental income. With the ABSD exemption, potential buyers can now seize the opportunity to own these unique dwellings without bearing the hefty tax burden. Hurry and secure your dream home before it’s too late!
As retirement looms, the decision to sell or retain properties becomes paramount. Meet a couple in their 50s, proud owners of a condo and an HDB unit, earning a handsome salary of $360K per year. With financial security in sight, the question arises: should they sell or hold onto their properties? A critical inquiry that demands careful consideration in planning their golden years.
In a surprising turn of events, the property market seems to be slowing down as only 53 new units were sold this weekend. Several factors contribute to this unexpected decline, including economic uncertainties, tighter lending regulations, rising interest rates, increased supply, and cautious buyer sentiment. Experts warn that these trends might have long-term implications, calling for a thorough analysis of the property market’s future trajectory.
In an era of escalating property prices, the condo market has witnessed a surge in per square foot (PSF) costs. With potential investors grappling over the question of its viability, experts evaluate whether it’s still wise to invest in condos amidst soaring prices. Examining crucial factors like location, amenities, and long-term resale value, this article delves into whether condos continue to be a lucrative investment option despite the high PSF.
Shophouse enthusiasts and investors take note! A prime property on Pagoda Street, within the bustling Chinatown district, is up for grabs at a staggering $22 million. This rare gem offers a unique opportunity to own a piece of Singapore’s rich heritage. Don’t miss your chance to secure this prestigious address and embrace the charm of a bygone era.
In a recent case, a condo buyer faced a $30,000 loss for canceling their deal with Blossoms By The Park [1]. Additionally, HDB’s proposal to rezone six sites, including Alexandra Road, Upper Thomson Road, and Orchard Road, has sparked discussions [1]. Stay updated on the latest developments in the property market.
In a frenzy of demand, all 2,500 BTO flats in Serangoon have been quickly snapped up by aspiring homeowners in May 2023. Additionally, Grange 1866 is set to provide a sneak peak of its offerings on 17th June 2023, adding to the excitement in the real estate market.
