Investment Real Estate

Investors still in favour of New Launches

This month, the government said that it would limit the delivery of new residential land for sale in the first half of 2019. Faced with unfavourable spirals, the government indicated that it would interfere as required to maintain control of the housing market. Singapore’s new policies place several restrictions on developers and property developers.

Numerous taxes and anti-money laundering measures were enacted, and agreement was reached that the median price of housing units should be kept below the unaffordable threshold.

Ongoing Strong Interest

Investors have expressed a strong interest in purchasing a property during the startup phase, as it is more cost-effective than completing a ready-to-live home. Additionally, purchasing a property at this stage allows you to prevent price increases.

Property price hikes following the launch of a new phase are usual in the real estate market. Increases in prices arise for a variety of causes, including increased demand for real estate as a result of regional infrastructure development, rising labour and raw material costs, and changed laws. As a result, investors prefer to invest in real estate during the startup phase.

Singapore’s property prices are so high that the stringent stamp tax deters the majority of overseas buyers. Singaporeans will make the majority of the purchases, particularly as additional developments in other key locations are introduced. Additionally, there are real estate buyers who require real estate for their marital houses, children, or grandchildren in order to acquire access to the best elementary schools for Fengshui reasons.

Investors prefer Condos near MRT

The MRT station’s proximity to Bukit Canberra mitigates some of the disadvantages for home buyers focused on long-term value building, particularly if you must wait five to ten years for resale before entering the private sector. Parc Canberra and Ulu require significantly more development, and prices should reflect this.

There are several compelling reasons for house buyers to consider Jovell’s larger units. Units the size of MRT stations are difficult to locate for less than $1.3 million for new home purchasers. There are few alternatives unless you’re willing to contemplate a resale of an older unit.

Ensure that you are prepared to drive, as Jovell is not accessible through public transportation. Homebuyers seeking to escape Singapore’s hustle and bustle will find a suitable house here. It was conceived and developed in the style of a low-rise resort.

Additionally, this provided the developers with ample property on which to create resort amenities such as a lagoon, swimming pool, gorgeous scenery, clubhouse, gym, lounge, water games, reading room, and jacuzzi.

Tres Ver opened in July and is being constructed on the site of the privatized HUDC property Raintree Gardens. Following completion, inhabitants will seek an interesting and peaceful way of life.

Jovell Condo. The best buy for 2021?

Jovell is a brand new condominium complex located on 21 Toh Tuck Road in Upper Bukit Timah by SP Setia International District. It is a 99-year-old condominium complex comprised of five residential blocks, a 20-story tower, and four seven-story garden buildings. Tre Ver is a joint venture between the UOL Group and United Industrial Corporation. It is situated on a 2,0405-square-meter plot on Potong Pasir Avenue 1.

Hong Leong Holdings Limited created The Jovell, a 99-year-old condominium. It is a medium-sized development, a low-rise structure with 428 units and a massive leisure pool measuring 2,700 m2 at the start of its meandering meander.

I got the impression that the Jovell is overpriced in comparison to the next units, which are 20% more expensive. I believe that the project’s pricing and duration (99-year lease beginning in 2018) are favourable in comparison to nearby projects begun in 2010 and 2012, which were completed in 2-3 years. I get the impression that Jovel’s costs are likewise on the expensive side when compared to nearby flats, which are approximately 20% cheaper.

I believe the value for money condo (99-year lease beginning in 2018) is superior to similar projects in the region that began between 2010 and 2012 but were completed in 2-3 years.

The 678 square foot two-bedroom studio in Jovell is on the tiny side, particularly for residents of the Old Gate neighbourhood. I believe the one-bedroom unit is the most efficient option, with a good-sized study and an attached bathroom. If you’re looking for a benchmark, I believe this is superior to what I observed at Irwell Hill Residences.

The design evokes the feeling of a deluxe resort, complete with a lovely façade and one-of-a-kind amenities. With units ranging from one to four bedrooms on different floors with their own pools and green spaces, this is the ideal home for families.
Exceptional ceiling height Depending on the development, the ground-level units in the majority of new condominiums have high ceilings. If you have a dog or cat, a ground floor apartment is a safer and more convenient option. Units on the ground floor give direct access to gardens and pools.

Jovell is a new condominium development in Singapore, located on Flora Drive in District 17. It is one of ten developments in this region constructed by Tripartite Developers Pte Ltd. This means that the condominiums at the Jovell block’s end will be available for sale in one of the neighbouring communities.

Enbloc Projects are not to be

The new launch is a condominium and resale condominium from Enbloc, a mixed development of terraced houses and cluster houses on land that is one of the best-in-class bungalow properties in Singapore’s GCB. Jovell is a development with resale possibilities for the ENBLOC Singapore houses for sale. Affordable costs for luxurious resort living near the MRT and future MRT lines, as well as bus connections and amenities.

Between new executive condominiums and resale condominiums, residents can choose from studios, one-bedroom, two-bedroom, three-bedroom, bath, penthouse, or dual-key units: excellent location, well-designed apartment, excellent rental yields, ready tenants, and upward potential.

Investment Real Estate

What Are The Advantages Of Owning A New Condo?

Owning a home is the perfect way to invest in real estate without having to worry about yard maintenance or significant repairs. Mid-sized new launch condominiums are perfect for buyers who want to downsize from a larger home, but don’t want to spend a lot of time on maintenance. The smaller space offers more flexibility for residents who want to spend their time traveling, enjoying their city, or working on home improvements. Renting an apartment instead of owning a home frees up a lot of time that would otherwise be spent on home or yard maintenance. Grounds maintenance, home repair, and complete home maintenance. 

Having a pet-friendly space, WiFi, and a media room makes apartment living convenient for everyone. With a pet-friendly space, WiFi, and a media room, apartment living is naturally comfortable for all. Apartment living also offers a living space that is less cluttered. In addition to the benefits of location and worry-free maintenance, apartments can enhance your lifestyle in ways that are impossible for homeowners, assuming they have the significant expense of additional travel. When you rent an apartment, you can travel without knowing if maintenance will continue while you’re away, move out, or find a buyer for your apartment while you search for a new place. 

There are many reasons why apartment and condo residents choose to live here, but the main reason is convenience. The location of new condos, stores, and shopping centers is convenient for condo residents. In most areas of Columbus, this offers residents the ability to walk to restaurants, shops, events, and more. Forget gym memberships, many modern apartment communities have gyms with state-of-the-art equipment. Jogging, walking and biking trails are also great additions for the growing number of health-conscious residents. You can also take advantage of city movie theaters, swimming pools, playgrounds, walking trails, dog parks, mini-coffees and more, all included in your apartment rent. 

Buying a home is a big commitment, but it has more downsides in terms of cost than renting an apartment. The right apartment community can offer freedom, manageable costs, and the opportunity to live in a place that is ideal for your lifestyle. While renting apartments isn’t always the right choice, it’s always a good idea to tour an apartment community before buying. 

It is really very important to understand the difference between living in a condo and a single-family home before buying a condo to determine if the condo lifestyle is right for you. While many people prefer to live in a house rather than an apartment, others reap the benefits of living in an apartment. In today’s real estate industry, there are a variety of housing options, and an apartment is one of the main housing options that more than a number of people choose. Choosing a rental property is not always easy due to a variety of factors, but more people than ever are choosing it. 

Homes and apartment complexes are being built with special amenities like pools, gyms, convenience stores, and laundromats on site or at least in close proximity. If you have these amenities built into your home, the financial commitment isn’t as worth it. While homeowners invest in some form of security systems, apartment complexes invest in the overall safety of their residents. The close proximity of neighbors, as opposed to being the only one in the house at all times in a typical apartment complex, is a safety measure that proves apartment buildings are safe places for single women, children, families, and the elderly. 

Most apartment complexes have common areas such as kitchens, patios, and rooftops so residents know each other well. In addition, condos often host fun events for residents, such as movie nights, game nights, wine tastings, cookouts and more. One of the biggest advantages of condos is that they are often found in central, where residents have easy access to nearby entertainment and business districts. 

Many newbie first-time buyers prefer the convenience and affordability that comes with owning a home. Condo owners sometimes do not have to worry about expensive structural repairs or building maintenance. Some condos also offer amenities such as gyms, swimming pools, and assigned parking. Buying a property can be a daunting goal in many urban areas, especially in desirable neighborhoods, including high prices. There are significant costs and sums associated with buying and selling a home, whether it is a condo or a home. In fact, low costs are one of the main reasons people choose to live in a home in the first place. With special amenities like shops, gyms, pools, gardens, laundry and 24-hour home security, a condo costs twice as much as a house. Communities that mitigate these high prices by offering affordable rental housing allow more people to enjoy attractive urban areas without having to spend a large portion of their income on buying and maintaining a home. 

Location firstly is a crucial aspect of a building or home, as it affects the price and average cost of housing in general. Apartment dwellers don’t have to pay $300 a month in HOA dues like condos or $7,000 if the roof of the house needs to be replaced. The apartments are packed in houses and condos because they are in a convenient location. In addition to downtown, the apartments are close to major shopping centers, popular recreational facilities and major highway access. Renters have more location options than homeowners. Both the condo owner and the condo renter are responsible for exterior repairs and maintenance. But they have no responsibility for the interior. Most Singapore apartments do not require a security deposit and can be approved as a loan. 

Real Estate

Top 6 Tips for Property Buyers in Singapore

Tip No 1: Leave Your Money Where It Is

It’s not advisable to make big purchases or move your money back and forth three to six months before buying a new home. You don’t want to take significant risks with your credit profile. Lenders need to see that you are reliable, and they want a complete paper trail so they can give you the best possible credit. If you open up new credit cards, accumulate too much debt, or make any large purchases, you will have difficulty getting a loan.

Tip No 2: Don’t Try To Time The Market

Don’t try to time the market and figure out when is the best time to buy. Trying to predict the real estate market is impracticable. The best time to purchase is when you have found your perfect home and can afford it. Real estate is cyclical. It goes up and down. So if you try to time the market for the most ideal moment, you will probably miss out. Bigger is not always more beneficial.

Everyone is drawn to the most significant, most excellent house in the neighbourhood. But bigger usually does not mean it is better when it comes to homes. There’s an old saying on property that states you shouldn’t buy the biggest and best apartment in the neighbourhood. The biggest house only appeals to a tiny audience, and you never want to limit potential buyers if you’re going to resell it. Your home may only increase in value as much as the other homes around you. If you pay $600,000 for a home and your neighbours pay $450,000 to $500,000, your appreciation will be limited. Sometimes it’s most beneficial to buy the worst house on the block because the most unfavourable place per square foot will always trade for more than the most outstanding house.

Tip No 3: Avoid Threshold Costs

The difference between renting and homeownership is sleeper costs. Most people focus only on the mortgage payment, but they also need to be aware of other expenses like property taxes, utilities, and homeowners association dues. New homeowners also need to be prepared for repairs, maintenance and potential property tax increases. Make sure you plan for threshold costs, so you are covered and don’t risk losing your home.

Tip No 4: You’re Buying A House – Not a Date

Buying a home based on emotion will only break your heart. If you fall in love with something, you could end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means you realize you’re getting a great house at a great price. Going with your emotions means obsessing over the paint or the yard. It’s an investment, so stay calm and be wise.

Tip No 5: Investigate Your House

Would you buy a car without looking under the hood? Of course, you wouldn’t. Hire a home inspector. It costs about $200 but can save you thousands in the end. A home inspector’s only job is to provide you with information so you can make a decision on whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector finds any problems with the home, you can use this as a bargaining chip to lower the house price. It’s better to spend the money upfront on an inspector than to find out later that you have to spend a fortune.

It’s common to be told that the apartment is just minutes from the bus station or the nearest mall. But remember that such guesstimates are usually exaggerated, and you shouldn’t accept them at face value. Distance and speed depend on who is travelling; it may be a four-minute brisk walk for a 26-year-old man, but not for your 50-year-old woman who stays with you.

Tip No 6: Check For Loan Shark Graffiti

One warning sign you should definitely look out for is the presence of graffiti left by loan sharks. If the home has been targeted by loan sharks, the seller will have cleaned up the trail before the inspection. However, you will often detect loan shark graffiti in the stairwell and lift lobby. Remember to closely inspect the main door’s paint; sometimes, you can still see the graffiti under a thin layer. You might also be a victim of collateral damage. For example, when a neighbour is having problems with loan sharks. Also, be conscious of private CCTV cameras that have been installed that are pointed at the common hallway. This may be a sign of loan shark problems

Finance Real Estate

Tips on selling your Property

Sell before you buy

A seller is unlikely to accept an offer from a buyer whose own property is not on the market? By all means, get an idea of what you want to buy and make sure your moving plans are feasible, but before you start making offers, you really need to be sold on contract. Real estate agents rarely recommend that their clients accept an offer from a buyer with an incomplete chain. A rare exception is when a homeowner has a property that sells well. Perhaps one in the catchment area of a popular school, e.g. Raffles Primary or Ai Tong Primary or a house that that cannot be sold for a long time.

Choosing from the most active and top property agent.

A client by the name of Jenny Chou mentioned that she chose an agent because she liked the looks of him, but you’ll probably want to be a bit more scientific in your approach. The best indicator of a successful real estate agent is how many listings they have on the market. Don’t be too impressed, though, if most of the listings say Cheap sale – that could be the result of a special promotion where the commission is lowered or eliminated altogether. The latter can work and save you money, but be sure to read the fine print. After the promotion ends, the fee may be double again what other realtors charge. A “sold” board means the job is done. If an agent recently sold a property in your neighbourhood, he may have had more than one interested buyer. If this is the case, he probably has a list of people who lost out on that property and are ready to buy your property – saving you weeks of viewings.

A sole agency contract is where an estate agent is appointed exclusively to sell a property for an agreed period of time, usually 3 months. During this period, the seller should not switch to or instruct another agent – if they do, they may end up paying more than one commission. Even if a seller who signed a 1 month sole commission cancels the contract halfway through, they can still be held liable if another agent sells the property during the remaining five weeks of the original sole commission.


With a multiple agent contract, there are no limit on how many agents a homeowner can hire, nor is there a fixed term. The agents market the property at the same time, and the seller only pays the one who introduces a buyer who closes the purchase contract.

Both types of contracts have their pros and cons. The commission rate for single agency is cheaper than multi-agency, but if you use the wrong agent, you are tied to them for the duration of the contract.

With a multi-agency, you are not tied to one broker and can play the brokers you choose against each other. While this keeps them on their toes, it can also keep them from being honest with you. Let’s say your only broker introduces you to a buyer who offers full asking price. Unfortunately, this buyer has an incomplete chain under him. Your broker advises you not to accept the offer until the chain is complete, which is sound advice. Now the same scenario, except this time there are four brokers vying for the commission. The information provided to the seller may vary. The buyer may be portrayed as being in a stronger position than they actually are, so the offer is accepted and the other brokers back off, buying time for the less truthful broker.

Hiring too many brokers can also give buyers the wrong impression.

 I once witnessed a owner give a house he had renovated to five different agents to market. All the agents advertised the property on propertyguru, which meant the property appeared on the search results page five times in a row. Did potential buyers think the seller was eager or desperate? A stream of low offers revealed that the latter was the case.

If you decide to use a realtor, don’t commit to a long contract – six to eight weeks is a good amount of time. If you’re happy with the broker, you can always renew an expiring contract.

If you prefer a multiple agency, stick to a maximum of three property agents. And if possible, hire ones that are strong in different type of clients- that way you’ll have a larger area covered.

Negotiate asking prices and fees

When properties are scarce, competition between estate agents can be fierce. It has proven to be a reliable tactic for agents to give potential sellers an inflated estimate of their home in order to win business over their competitors. As a seller, this can work to your advantage in a rising market; at the beginning of the contract, the property may be overpriced, but by the end of the term, when the market has recovered, the price becomes realistic and the property sells. If the market cools, you could be stuck, unsold and with an agent now recommending a price reduction.

Finance Investment Real Estate

Success story of Singaporeans who invested in real estate

Offering what the property owner wants is one of the main mistakes an investor can make. Never forget that all sellers want to make as much money as possible. In real estate investing, it’s your job to pull their prices down so you can profit more from the investment. You have seen many other people who have been successful with real estate investing. A quick search on the internet reveals tons of inspirational stories about real estate investing. However, only a few of them actually offer you lessons on how to profit from real estate investing.

In this article, we want to buck that trend.

We’ll share the story of a couple investors who put in the work and uncovered some great opportunities. We’ll also share some lessons you can take away from their success.

Janet and Nick wanted an investment that would earn them a Six-Figure Return.

They had spent a while looking for properties in Singapore. They had gone through the property listings and nothing had piqued their interest. So they contacted some good real estate agents and managed to get some good viewings. It’s a good thing they did, because in the end, a great property presented itself to them.

The property was an estate with a list price of $1,580,000. There were three beneficiaries, two of whom were still living in the house.

This presented an opportunity for the couple. Estate prices are usually negotiable when the money received is divided several ways. Janet and Nick took advantage of this fact to make an offer for less than the sale price.

However, they went about it a little differently than most.

The property would have been auctioned in May 2016, just before June Holidays. Most investors would rather wait for the auction, hoping to get a bargain. But Janet and Nick knew they had a chance and bid $1,525,000 before the auction.

Importantly, that offer was subject to building and pest appraisals.

These reports showed that the property was severely damaged. As a result, the couple lowered their bid to $1,510,000 to account for the necessary structural work.

This story has probably given you some insight into how to become a successful real estate investor. You can see that Janet and Nick did everything they could to secure their purchase for less than market value.

They also made their offer contingent on several inspections. This allowed them to lower the purchase price even further.

Both are great lessons for anyone looking to successfully invest in real estate.

But there’s more to the story that we haven’t shared with you yet. Here are three real estate investing tips you can learn from Janet and Nick

Tip #1 – Find a good real estate agent.

By sharing the couple’s story, Nick revealed how important their realtors have been:

“There are some really mediocre realtors out there. But we’ve found two different realtors who are top notch and go out of their way for us. They know what we want.”

There are two things you need to know when it comes to real estate agents.

First, you want the best ones you can find in your corner. These are the people who will understand what you want and can help you get it at the right price.

Second, you want the mediocre agents to be in the seller’s corner. This gives you the ability to control the negotiations. And it also means you’re dealing with a seller’s agent who is more concerned about making the sale than doing what’s best for their client.

Tip #2 – Build a Strong Network of contacts.

What we didn’t tell you in the story above is that Janet and Nick didn’t buy their property on their own. In fact, they were not in a position to buy anything on their own.

Instead, they worked with money partners to make their investment happen. And as Janet explains:

“I wasn’t able to find one who had all the money. But I was able to find six who had some of the money, and that was great.”

It just goes to show how important it is to have a strong network around you as a real estate investor.

When you need a money partner, it’s your network that usually reveals the right person for the job. And if you have a great network, you can secure multiple partners when you need them.

Simply put, your network gives you more options. Not to mention the opportunities that people in your network can give you.

Tip #3 – What doesn’t work for some may work for you.

We’ve already mentioned how Janet and Nick bypassed an auction – something many investors wouldn’t do. However, it’s also worth noting the time period in which they bought.