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A roof above your head or more?

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Property

Career

Entrepreneurship

PropertyGuru vs 99.co: Which is a better platform to rent and sell properties?
C
Claire
Level 2. Rookie
Updated 6h ago
PropertyGuru is still no doubt the market leader, but if you're new and are looking for a place to start listing, 99.co can be a cost-effective platform for you to start out. there's no published data on the number of leads each platform provides, so the next best way for us to compare would be via traffic they get. Looking at similarweb traffic data, 99.co SG: 1.84m visits (we take their overall traffic x % of their traffic in SG since their main 99.co domain also covers their ID traffic) PG: 2.4m visits Just pure awareness alone, 99.co has around 77% of PG's. But yet when we compare their package prices, 99.co: 2 main package, one $688 and the other $999 (https://www.99.co/agents) PG: an equivalent package offering would be $4,980 and $11,980, if we are looking at listings + usage of tools & products (https://www.propertyguru.com.sg/property-management-news/2019/8/182169/update-2019) we can see that 99.co's package prices are only 15% and 8% that of PG's. from this alone, it's quite a no-brainer that 99.co is the "worth-it" winner if you're an agent looking for something cost-effective and can bring you the most value for your buck. however, if you have the means to spend on PG, go ahead and join the other big boys there. i must warn that there are plenty of big spenders in PG, and the only way you can stand out and get the leads is if you're willing to keep up with their spends. if you do, i'm sure the results will be great too. otherwise, i would recommend just sticking with 99.co first and heading to PG once you have the means to.
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Property

Insurance

Savings

Are insurance and savings plan premiums included as debt obligations in calculating TDSR?
Hi there, Your total debt is always attached to a financial institution or borrower, and the details can be obtained through obtaining your credit score. The maximum amount you are able to borrow is dependent on your income, as well as the value of the property you are looking at currently. Should you have any outstanding loans, those will be reflected in your credit score as well. Insurance premiums are not considered debt obligations, as they are paid via your liquidity. Should you not be able to service your policies, you will not owe the insurer per se, as the policy would either tap into its value or terminate. Hope i was able to answer your queries!
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HDB BTO

Property

Registration fees for BTO?
Jia Min
Jia Min
Level 5. Genius
Answered 2d ago
Hi Cony, Submitting your application for BTO will cost $10. You may find more details about the various fees involved at different stages here.
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PolicyPal

Insurance

Mortgage Insurance

Property

Does HDB comes with mortgage insurance ?
There is the Home Protection Scheme which is a mortgage-reducing insurance that protects members and their families against losing their HDB flat in the event of death, terminal illness, or total permanent disability. (Source: CPFB) If you are using your CPF to pay for your monthly housing loan installment, you are required to purchase Home Protection Scheme (Home Protecction Scheme). Whereas HPS is optional if your monthly installment is paid through cash. Alternatively, you can be exempted from HPS if you are holding one or more policies that cover your outstanding housing loan. The policy should provide coverage up to the full term of the loan or 65 years old, whichever is earlier, in the event of death, terminal illness, or total permanent disability. The following policies are applicable: -Whole Life - Term Life - Endowments - Life Riders (attached to a basic policy) - Mortgage Reducing Term Assurance (MRTA) / Decreasing Term Rider To find out more about the HPS scheme, do check out this article.
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Property

HDB BTO

Out of these 3 sectors - Core Central Region (CCR), Rest of Central Region (RCR) and the Outside Central Region (OCR) - which should I pick for my first home? Any recommendations?
YT
YT
Level 9. God of Wisdom
Answered 3d ago
There are factors you can consider: - Assessibility: distance to MRT/workplace/places of worship/school - Amenities: distance to ATMs/supermarkets/parks - Budget: depends on your income - Family needs: are there plans for children or a home office? - Future development: are there plans to build an infrastrucutre/facility? - Location: is it near an expressway or high-traffic road? - Price: is it worth (or a need to) paying a premium staying near the city/town? Proximity to parents/children: HDB Proxmity Housing Grant (Resale)
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HDB BTO

Property

What documents are needed for the first stage of application for BTO? I can't seem to find details on it!?
Hi there, You can look here. All matters regarding BTO can be found out the HDB site for your reference. The link i sent you states what you need to be prepared with before balloting for a BTO.
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General

Family

Lifestyle

Property

How do salary levels compare to the cost of living in Singapore?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 3d ago
Quite ok!
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Property

Any suggestions on what to do if home owner is trying not to return room rental deposit to tenant?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 3d ago
Depends on what is stated on the contract between the owner and the tenant. If there is any breach of contract, the tenant can sue the owner for the deposit.
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Home Loan

HDB BTO

Resale HDB

Property

Does it make sense to take a HDB loan, then switch over to a bank loan immediately?
Hi there, You are not wrong and is actually a good way to work around having a higher downpayment for your BTO/Resale. As HDB loan is approved by HDB, they are not as strict for financing vs the banks. When you do a switch from HDB loan to a bank loan, that would be called refinancing. Refinancing like loan application, will take into account your TDSR and LTV for your house. Do note that there are certain things that you will need to do on your own end when switching to a bank loan, such as mortgage insurance, as HPS will not be applicable after refinancing. There will be some cash required upfront, for valuation and legal fees. Hope i was able to answer your queries!
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