Realty Assets Management Singapore - Singapore Property, Assets and Real Estate Consultant - Property for Sale, Rental and Investment - Apartment, Condo, Residential, Comercial, Huttons. - Realty Assets Management

You are coming over or new to Singapore and somewhat bewildered by the language with its lahs, mehs and mahs... 

Probably the last thing you need while trying to adjust to your new surroundings is the considerable hassle of finding a new home. A more concentrated approach is being taken in relation to housing expatriates today. After all, settling into a new place involves more than just acquiring suitable accommodation.

Actually, as far as Asia is concerned, Singapore is a rather good place for English or Mandarin speaking expatriates to seek accommodation. For one thing, no huge language problems loom to complicate negotiations or make contracts forbidding documents.

A) Housing and Development Board (HDB)
The Housing and Development Board (HDB) is a common feature of Singapore real estate listings in Singapore with more than 80% of Singaporeans living in public housing. Purchases of HDB flats are restricted to Singaporeans and Permanent Residents. For the HDB flat classification system, please note that the living room is counted as 1 room. Please refer to the HDB website for more information.

Covers some brief information on to buy or purchase property in Singapore. Tips for foreigners or investors buying apartment, house or other properties in Singapore.

Eligibility to Buy Private Property 

In the year 1973, the Singapore Government has imposed restrictions on foreign ownership of all private residential property in Singapore. Such ownership is governed by the Residential Property Act.

The Act aims to give Singaporeans a stake in the country by being able to buy and possess their own residential property at an affordable price and also encourage foreign talent by allowing permanent residents and foreign companies who make an economic contribution to Singapore to purchase such properties for their own occupation.

The Residential Property Act (RPA) is then amended on 19 July 2005 to allow foreigners to purchase apartments in non-condominium developments of less than 6 levels without the need to obtain prior approval.

Covers some brief information on procedure and steps to buy or purchase property in Singapore. Tips for foreigners or investors buying apartment, house or other properties in Singapore.

Search for Property you desire 

Engage a local Realtor or Property Agent 

A professional property agent in Singapore will assist you and protect your interest throughout the purchase, secure the offer for you at the best possible price. With a much better knowledge of Singapore, the agent will be in a better position to recommend and advice on the choice of property. He will also ensure that all documents are in order and you are dealing with the rightful owner of the property.

Use only One Agent

Most property companies share the same database of property listings in Singapore. Therefore use only one agent at a time. If you approach many agents at the same time, very likely that they will show you the same property. Much confusion and embarrassment will arise if you engage many agents. Using one agent, you will save valuable time for yourself and the agent. He will then understand your needs and requirements better after a few viewings. Only if they are incompetence, unresponsive or not showing the correct property you wanted, then start to look for another agent.