Executive Condominiums (ECs) are a popular type of housing in Singapore, combining the luxury of private condominiums with the affordability of public housing. These developments are built and managed by private developers but are subsidised by the government, making them an attractive housing option for Singaporeans who are looking for quality homes that are relatively more affordable than private...
Singapore has a thriving real estate market and if you own a condo in Singapore, you have an opportunity to make a significant amount of money through it. In this article, we'll explore some tips and strategies for how to make money with condos in Singapore. How to make money with condos: Renting out a condo One of the most obvious ways to make money with condos is to rent them out. Depending on the...
Renting out a condo in Singapore can be a great way for those who want to generate passive income from their property investments. However, it can also be a complex process with a number of legal and administrative requirements to consider. Thinking of renting out a condo but not sure how to get around it? In this article, we'll delve more deeply into some of the most frequently asked questions about...
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...
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...
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...