Renting a property can be an exciting time, but it can also be stressful, especially when it comes to getting your security deposit back at the end of the lease.  In Singapore, a security deposit is typically equivalent to one to two months' rent and serves as a form of protection for the landlord against any damages or outstanding rent owed by the tenant at the end of the lease. However, if your...

Is it safe to buy leasehold property in Singapore? This is a common question that many homebuyers ask themselves when considering a property purchase. With the majority of Singapore's land being leasehold, it is important for buyers to understand the risks and benefits of buying a leasehold property. What is a leasehold title? Firstly, it is important to understand what a leasehold property is. In...

Mixed development condos are residential properties that are designed to integrate different types of amenities and facilities within the same building complex. These condos typically include a combination of residential units, retail spaces, and sometimes office or commercial spaces as well. The concept of mixed development is becoming increasingly popular in Singapore, as it provides residents with...

Singapore is a bustling city-state with a thriving real estate market, offering a variety of options for homeowners to choose from.  One of the primary considerations when buying a condo in Singapore is the floor level. Condos located on higher floors offer stunning views and greater privacy, while those on lower floors offer convenient access to amenities and easier access in and out of the...

In Singapore, the annual value of a property is determined by the Inland Revenue Authority of Singapore (IRAS) and is based on the estimated gross rental income that the property can generate in a year. What is Annual Value of Property? The annual value of a property is the estimated annual rental value that a property can generate if it were to be rented out. It is an important factor in...

So you’ve finally gotten the keys to your new house - what’s next? When you get the keys to your new house, it's important to inspect it thoroughly for any defects or issues that may need to be addressed by the contractor. This is regardless of whether it is a new condo/HDB that you’ve moved into, or a resale apartment.  What is a House Defect? New house defects refer to any issues or...

Buying a Condo for Investment Purposes Buying a condo to invest means purchasing a condominium unit with the goal of generating financial returns on the investment. This typically involves renting out the unit to tenants, with the rental income offsetting the costs of ownership, such as mortgage payments, property taxes and maintenance fees. Investing in a condo can be a way to diversify an...

What Is Home Protection Scheme? The Home Protection Scheme (HPS) in Singapore is a mortgage reducing term assurance (MRTA) policy that protects you and your loved ones from losing your HDB flat in the case of death, terminal illness, or total permanent disability. Home Protection Scheme works like insurance, and members are covered until they reach the age of 65, or until their mortgages are paid off,...

What is a Bridging Loan? Bridging loans are a type of short-term financing that can be used to bridge the gap between the purchase of a new property and the sale of an existing one in Singapore. They are becoming increasingly popular due to the high cost of property and the limited financing options available in the Singaporean property market. Bridging Loans are a good short-term solution to...

​​When it comes to purchasing a condo in Singapore, one of the most important decisions to make is whether to opt for a freehold or a leasehold property. Both forms of property ownership come with their own unique pros and cons, and the right choice will depend on several factors that the buyer has to consider. These factors include ownership duration, affordability and investment...