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Leo Kwek

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Leo Kwek

9Upvotes

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Visit www.privatehome.sg for free property-related information.

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Leo Kwek

9Upvotes
  • Answers (8)
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Property

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Updated on 03 Sep 2019
1. Yes, it is legal to extend another 60 days because it is a continuation from the existing lease. If your tenant is a foreigner, the due diligence needed is to check if he/she still have a valid pass. 2. Yes, your right and interest are protected by the law under equity.

Property

Family

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Updated on 28 Aug 2019
Hi you can only apply for a new BTO after the 5 years MOP of your Resale Flat. Once you have completed the 5 years MOP, you can then proceed to apply for BTO Balloting. If you manage to successfully ballot for a new BTO, upon receiving keys to it, you will have 6 months to sell away your Resale Flat. All of the above is assuming that the Resale Flat is your first subsidized housing.

Property

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Updated on 27 Aug 2019
Hi you can learn about the whole process of buying a new launch Condominium here. https://privatehome.sg/blog/new-launch-condo-in-singapore/

Property

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Answered on 22 Aug 2019
It is advisable unless staying with your parents is detrimental to your mental health :) BTO can take up to 3-4 years to build and in the meantime you can save up. If you were to rent a place, the rentals over 3-4 years can be substantial and could have gone into paying for your BTO renovation.

Property

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Updated on 22 Aug 2019
The important question to ask yourself now is: What Are Your Immediate Needs? If your bf and you are looking for a matrimonial home to start a family, then getting a Resale flat will be advisable. Like others have mentioned, BTO is more for couples who can wait while having a place to stay and save up. But this is not your case. The current maximum grants for Resale flat is $120k and Lawrence Wong has recently announced there is upcoming benefits change next month. My opinion is there may be an increase in grant which will be good news for you. https://m.facebook.com/story.php?storyfbid=2903013039740020&id=192130117495006

Property

CPF

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Answered on 31 Jul 2019
I have not done this myself before but personally know of someone who did. I think there are 2 challenges you might face. Firstly is the burden of obtaining and servicing mortgage loan by the Owner and secondly is the level of trust between you and your fiancee. If the Owner's income is sufficient to obtain the required mortgage loan then this will not be an issue.

Property

Investments

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Answered on 31 Jul 2019
It depends on your risk appetite and comfort zone as an investor. Investing in Overseas properties is very different from investing in Singapore properties. A few key points that you will have to take note about Overseas properties: 1) Political and Economic stability of that country 2) Currency fluctuations 3) Taxes and other miscellaneous fees 4) Ownership eligibility 5) Remote management 6) Legal system 7) Securing loan These are just some of the points. Some of the popular countries that Singaporeans like to invest in are Melbourne, London and Bangkok. UK has fewer restrictions on foreign buyers whereas in Australia, foreign buyers can only purchase new property and not resale. And in Thailand foreign buyers cannot wholly-own land. As you can see buying a Overseas property is not as straightforward as buying a property in Singapore. However, it does not mean that one is better than the other. Do your research on the developer and market.

Condominium

Property

HDB BTO

Leo Kwek
Leo Kwek
Level 3. Wonderkid
Answered on 31 Jul 2019
Hi it is not possible. You'll have to complete the 5 years MOP(Minimum Occupation Period) of your BTO first before you can purchase a private condo.
Level 3. Wonderkid
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