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Condominium

Private housing and condos in Singapore

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There are more unsold units in new launches nowadays. You should google online, read up more, and do NOT take advice from property agents. Try asking a few barbers whether you need a haircut, what do you expect them to say? I believe the super premium property reached very low grounds in the past few years, so maybe not much to go down. For the mass market, I think the better the location, the less likely it will drop more in the next 2 years. So depends on the location that you are aiming for. If it's me, I will wait but I won't do nothing, I will continue to scout 99.co and property guru and ask around to see if there are some opportunities for a good property deal. (I got my commercial property at a good price because the owner is willing to let go if I can pay a big option fee immediately, he probably needs the cashflow)

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Condominium

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Aug)

Level 8. Wizard
Answered on 20 Aug 2019
Do you mean predicting BEYOND what is already shared as future plans? https://www.sgtrains.com/network.html Future Lines "New rail lines have been planned to be built in the next 15 years. These pages will provide a brief overview of the line history and its proposed alignment. The actual alignment of these lines has not been finalised yet." The Cross Island Line will be the eighth line to be introduced into the MRT system. Designed to be a fully underground and automated high capacity rapid transit line, it will be Singapore's longest underground MRT line and will span about 50km with around 30 stations across the island. The line will be opening in three stages from 2029, and will enhance east-west travel from Changi to Jurong Industrial Estate; serving as an alternative route for the East West and Downtown Lines. The eastern leg of the line will also extend outwards from Pasir Ris to Punggol.

Condominium

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Property

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Aug)

Level 8. Wizard
Answered on 13 Aug 2019
I've had a tenant (my first) who either didn't pay on time (he usually paid 1 month late), and in general was not contactable. That was a nightmare tenant. Thankfully, my second tenant(s) are a really nice couple! With regards to ease of getting tenants, it really depends on the area you are in. The key is in ensuring a high occupancy rate ie. don't leave the unit empty for too long.

Condominium

Property

HDB BTO

Leo Kwek
Leo Kwek

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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.

Condominium

Resale HDB

HDB BTO

Property

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Aug)

Level 8. Wizard
Answered on 18 Jul 2019
It depends on your goal for the property: 1. If for investment purposes - favour rental yield and appreciation 2. If for self-stay purposes for the long run - then your own factors such as proximity to MRT/facilities/family etc

Property

Condominium

John Ong Zhenxi
John Ong Zhenxi

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Level 4. Prodigy
Answered on 06 Jun 2019
People do that with a close group of friends. 3 bedroom have 5-6 ppl. Condo rent of 2.5-3.5K, each person pays 500-700 dollars.

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99.co Event

Condominium

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Randy Chai
Randy Chai

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Level 4. Prodigy
Updated on 30 May 2019
Hey Gabriel, Great question! Here's my personal take on Studio Apartments (aka Shoebox Units, Mickey Mouse Units). ! a) Why are Studio Apartments gaining popularity? There has been a significant increase in trends for a one-person household (individuals wanting to live alone). Citing sources from Straitstime, the proportion of one-person resident households has doubled from 4.6 per cent of all households in 1992 to 9.5 per cent in 2012. Very often millennials (myself included) values freedom, independence, privacy, minimalist living and simplicity over living with their parents, staying in larger houses, or living a luxurious lifestyle. Perks of staying in a Studio Apartment often include the ease of maintenance/servicing, lesser cleaning, shared Condo leisure/entertainment facilities and most importantly a lower capital outlay as compared larger units. Case Study John - a 25 years old college graduate who has just landed his first job drawing a fixed income of $3500 per month. John has not accumulated any CPF in his OA account neither does he have any other savings on hand. In order for John to purchase a property that is valued at $600,000, he will need to accumulate savings up to 20% of the property price (5% option fee in cash and 15% down payment in cash and/or CPF). Which means for John to achieve his goal of purchasing his first property in 10 years at the age of 35, he will be required to save 12.5% (5% + 7.5%) in cash, and 7.5% in CPF. Assumptions Price of Studio Apartment = $600,000 12.5% in Cash = $75,000 7.5% in CPF = 45,000 Remaining 80% of the property payable via a bank loan (John’s increase in fixed income over a 10 year period cancels out inflation and any other interest payable to purchase a property) By doing the math ($75,000/120 months), John would only be required to save $625 per month to achieve his goal of becoming a homeowner in 10 years time at the age of 35. Which is really affordable in my opinion! b) Are Studio Apartments worth the Investment? Also, studio apartments are gaining popularity due to the rise of expatriates in Singapore. Expats living in Singapore are usually here for less than 5 years and thus, they would often choose not to uproot and relocated their family. Which makes Studio Apartments much more ideal and suitable for their lifestyle. Citing sources from Yahoo Finance and ERA, on average, property prices have increased by more than 50% over a 10 year period (2008 to 2018). ! Sharing a personal experience from my family. My parents bought a Studio Apartment at D’Leedon roughly 8 years ago for around $750K. After completion, they manage to rent it out for 36 months (Avg monthly rental receivable of $3.8K - while we rented and stayed in an HDB for $2K a month). They then sold the unit at D’Leedon for close to $1.1 mil. That’s roughly $350K in resale and rental profit for an 8 years investment (47% return on investment)! In conclusion, I’m sold on property investment and I’ve just commenced with my 10 years saving plan. Worst case scenario - I’ll still be a homeowner at the age of “35”, living independently enjoying absolute privacy Best case scenario - I’ll make 50% in returns over a 5-10 years investment period That being said, it’ll be wise for everyone to do their own due diligence when it comes to investment or personal finance. I hope this will help!
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Investments

Property

HDB BTO

Condominium

Yeah that is the first obstacle to overcome. Douglas here. 2nd keynote speaker. No rocket science here. A high paying job, or a good business of your own to accumulate ammo for the first downpayment. Maybe u can buy the occasional TOTO or 4D. you might get lucky. My Dad won some pretty big prizes there so I speak from experience. But I'm not suggesting you to become a TOTO/4D junkie!! It goes to support charities and our sports people, so it's not a bad thing really. And pls avoid all the get rich scams out there. The internet and facebook is crawling full of such scams, out to rip u off. Stay alert. And sober. A discipline to save up is key. It doesn't matter that you earn 10k/mth when your expenditure in the same period is 12 k. Cut down or eliminate unnecessary expenses like bubble tea, starbucks or clubbing. And no , you don't have to live like a monk. You can always combine resources with trusted friends but make sure you have the same goals and agree on when to exit the investment. You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283 Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey. Regards Douglas Chow

99.co Event

Resale HDB

Investments

Property

Condominium

Douglas here, 2nd Keynote Speaker. That's fine. It's a common strategy that has worked for many Singaporeans. Just save up for it. You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283 Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey. Regards Douglas Chow

99.co Event

Property

Condominium

Hi, Douglas here. 2nd Key note speaker. From my personal experience as well as the clients I serve, a 2 bedder has the highest rental appeal as it appeals to both small families, and singles who dun mind sharing or a single who wants an extra room for visiting friends and family. You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283 Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey. Regards Douglas Chow
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