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...
Buying a condo in Singapore is a big investment and one of the biggest decisions you'll make in your lifetime. Whether you're a first-time buyer or a seasoned investor, it's essential to understand the cost and what it takes to afford a condo in Singapore. In this article, we'll explore the average cost of a condo in Singapore and the factors that influence the cost. Additionally, we'll give you a...
The launch of new condos in Singapore is a widely anticipated event in the real estate industry. With a growing population and a limited quantity of land, the demand for high-quality living spaces is always on the rise. From top-notch amenities and ideal locations to cutting-edge design and exclusive promotional pricing, new condo launches in Singapore offer a variety of options and are a popular choice...
Freehold condos near MRT stations in Singapore are a great investment for many reasons. They are located in prime areas, have easy access to public transportation, appreciate in value over time, and provide a steady stream of rental income. If you are looking for a property investment in Singapore, consider a freehold condo near an MRT station. Newport Residences is a new launch freehold condo near...