|
What are the advantages of buying versus renting? Consider the pros and cons of each and whether your motivation to buy matches the lifestyle you have or want to have.
Why buy?
There seems to be an inherent desire in most of us to eventually 'nest' and make our home somewhere. This usually means that buying a home is more desirable than renting and brings a sense of satisfaction and security that cannot be matched. Unfortunately, the rapid increase of values in the property market in recent years has pushed home ownership out of reach for some would-be first time buyers. However affordability does not necessarily equate with having a high income. Home ownership is a long-term goal, and requires planning, tight budgeting and saving strategies. Not everyone is willing to make the types of sacrifices this can sometimes require so it helps to consider some of the pros and cons of buying in order to examine your own priorities.
|
|
Read more...
|
|
|
Who Can Buy Private Property?
All Singapore citizens and companies can freely buy any type of private residential property. However, there are HDB and CPF restrictions that may affect you when you buy a private property.
For flats bought directly from HDB (including flats bought from the open market with CPF Housing Grant)
a) The flats lessees must satisfy the required occupation period for the flat before acquiring the private property
b) The flat lessees must continue to stay in the HDB flat after acquiring the private property.
For flats bought from the open market without CPF Housing Grant
There is no need to satisfy the required occupation period for the flat before acquiring the private property. However, the flat lessees must continue to stay in the HDB flat after acquiring the private property.
Foreigners or foreign companies can buy certain types of residential property.
|
|
Read more...
|
|
|
Rules for Foreigner Buying
A foreign person is defined under the Residential Property Act to be: (a) any person who is not a citizen, (b) any permanent resident, (c) any foreign company or any converted foreign company, (d) any society or converted society.
Hence, even a permanent resident is categorised as a foreigner unlike in the case of purchasing a Housing and Development Board flat, whereby a permanent resident could be the applicant or the authorised occupant of the said flat. However, it does not necessarily mean that all foreigners are restricted from purchasing residential properties in Singapore. A foreign person can still buy residential property caught under the Act if he / she had obtained explicit approval from the Land Dealings Approval Unit (Controller of Residential Property; Section 25 of Residential Property Act). The approval will be looked upon favourably if:
|
|
Read more...
|
|
|
Professional property buyers
While it is standard practice to pay an agent to sell your home, we have - until recently - been on our own when it came to inspecting properties and negotiating the best price. In many ways therefore, it makes sense to hire an expert to help you purchase a property. After all, if you are dealing with a professional selling agent who is trained to entice would-be buyers into paying their highest price for a property, why would you not want the services of a skilled property scout and negotiator who knows what you want and how to get it for you for a fair (or better than fair) deal. And that is exactly why and how buyer's agents have, for many people, become a hassle-free way of finding and buying their next properties.
|
|
Read more...
|
|
Delicated to give you Quality Service
I am dedicated to providing you with service that is professional, courteous and responsive in helping you find a property. To fulfill this commitment, I agree to provide you with the following services:
1. Dedicate myself to making the process of buying your next property as easy and as smooth as possible.
2. Respect you, your needs and be honest and forthright.
3. Hold your best interests in the highest regard throughout the process.
|
|
Read more...
|
|
|
|