Is Singapore’s Property still a Go-ahead?

90% of properties in Singapore is state-owned, and 80% of citizens and legal residents live in condominiums built on leased land. Foreign nationals are only permitted to acquire certain types of residential property, including condominiums, units, stratified plots, and houses in approved condominiums.

If you plan to relocate to Singapore and wish to purchase privately owned property in the country, such as terraced houses, semi-detached houses, bungalows, or vacant land, you will require a permit.


The Singapore Land Authority (SLA) and the Housing and Development Board (HDB) collaborate to ensure consistent development and redevelopment opportunities in Singapore and avert housing shortages that could result in widespread housing inaccessibility.

Singapore Welcome Foreign Investors.

Singapore’s real estate authorities are a haven for wealthy foreign investors, but they monitor property prices to ensure that housing remains affordable for locals and is consistent with economic fundamentals.

The government prioritises the country’s development and redevelopment while also maintaining housing availability and affordability for the system’s people.


These may include Singapore citizenship, family node, age, income, non-appropriation of other residential properties, and building on the land, depending on the apartment type.

The State Land Acquisition Act of Singapore applies for certain types of land, while land development is governed by the Republic of Singapore’s Planning Control and Planning Act.

When government efforts to attract foreign investors are combined with the growing appetite of domestic land players, it’s unsurprising that land is scarce in Singapore and that the real estate investment market is popular with investors.


The Housing and Development Board (HDB) is the state agency that conducts land auctions on behalf of private developers, and both the HDB and private developers pay market prices for land.

The Singapore government is the primary land seller. Still, other institutions such as the Singapore Land Authority and Jurong Town Corporation also act as land sellers on behalf of the government.

It necessitates additional documentation to the Singapore Title Automated Registration System (STAR), a web-based electronic land registration system in Singapore.

High Demand and Low Supply.


Given Singapore’s small land area, it makes sense that the real estate market would be constrained by supply. The Singapore Land Authority (SLA) is responsible for land use planning and land management.

Haiba explains that Singapore’s policy is to lease rates to the country’s land banks to maintain the house price growth offered and earned by buyers of subsidised HDB apartments and avoid the appreciation level putting new purchases out of reach of many citizens.


These include residential plots (all classes of residential buildings), plots for single-family homes that are not approved for condominium development, commercial buildings, and non-commercial uses. Foreigners frequently purchase condominiums, residential units, and land part of approved condominiums without prior permission.

Commercial buildings are constructed on land leased by the government to the private sector through the Sale of Sites Program.

Singapore control of Covid 19


The COVID 19 pandemic has weighed on Singapore’s real estate investment market, dampening both domestic and foreign appetite for real estate investment, given Singapore’s land scarcity and uncertain economic prospects.

Through land acquisition, public housing, and other programs, it conquers land for rent and redistribution. According to Singapore’s Planning Act, anyone developing land within a nature reserve must obtain planning permission.

Separate ownership of the property is granted, and mortgage fees are registered in an approved manner with the Singapore Land Registry.

Investors are rushing to get a piece of the property pie.


Land-scarce real estate has long attracted Asia’s super-rich, and rival Hong Kong’s political uncertainty has added to its appeal. Over the last year, Singapore’s authorities, long regarded as a haven for wealthy foreign investors, have begun to exercise caution.

Senior Minister Tharman Shanmugaratnam warned homebuyers in April to be cautious of rising interest rates. This type of property is referred to as land ownership in Singapore.


It is intended to encourage foreign companies and permanent residents to acquire real estate to occupy it and contribute to Singapore’s economic development.

Condo near Mori Condo

Jane Liew and her husband spent more than two years searching for their first home in Singapore, hoping that property prices would fall during their search. They have found a place called Mori Condo at Geylang. “I have been finding a condo that is suitable for me. But there is nothing that caught my eyes till I saw this Mori condo. It is close to the city and I don’t have to travel far to go to work.”

Strict Regulations.


The United States, the Cayman Islands, the British Virgin Islands, and the Netherlands are the top investors in Singapore. Singapore has one of the world’s best regulatory systems, everyone pays taxes, and contract enforcement is quick and inexpensive.

Singapore is an attractive investment destination due to its favourable loan terms to foreign investors, a simple regulatory system, tax incentives, high-quality industrial and real estate parks, political stability, and lack of corruption.


The Commodore, Experience Luxury Tranquil Living Just Minutes Walk From Canberra MRT

Wondering what’s the latest buzz in the north? There are 2 exciting projects which will be launching soon near the Canberra MRT. The first project is The Watergardens at Canberra which sits on the bigger plot of land and right next to this development is The Commodore. The Commodore condo is the newest 5 storey new launch condo located at Canberra Drive. It was constructed by Oasis Development Pte Ltd, a joint venture between JBE Holdings Group and Keong Hong Holdings Limited. This particular plot is a forest of empty land.

It sits on one side between Sembawang Springs Estate and the new Canberra Vista HDB District on the other. The character of the five-storey Commodore in Canberra is a private residential enclave due to its low density and low height profile. It helps to change the residential profile from a 10-storey HDB block in the east to one of the three-storey higher houses in the west. Compared to the HDB, Sembawang Spring Estate is an established flat land enclave. It is part of a sprawling land and housing development that stretches from Sembawang Road to a cluster of Sembawang shopping centres.

The Commodore Condo itself is not a big development with only 200 units. The last five are executive condos, the last being Provence Residences Canberra Link. The Commodore will attract buyers who are not eligible for condominiums, HDB apartments and the like. The Nautical was put up for sale eight years ago but has not yet opened a new private home. The Watergardens at Canberra next door, which was launched at the same time as the Commodore, will be a welcome addition to the area.

If you want to visit Senoko, Upper Thomson, Admirality, Yio Chu Kang, Woodlands, Ang Mo Kio or Sembawang, you don’t have to make an effort. The condo is also accessible from all bus stops and is close to MRT Canberra and SemBawang Shopping Centre.

The Government Land Sale (GLS) programme attracted the attention of several bidders. Pte Ltd (Oasis Development) and JBE Holdings Group emerged as outstanding developers of the GLS by placing SGD129.2 million as the highest bid, equivalent to SGD644 PSF (PPR). Now they are the main developers of the upcoming condominiums.

The new residence Commodores is a 220-storey 5-storey building with a height of 40 metres. The line is about 5 minutes walk away.

The Commodore Condo is developed by JBE Holdings. There are a plethora of amenities in the building. The building is very close to many good schools such as Chongfu Primary School, Yishun Secondary School and many others. The building was launched from here.

The gross lot rate for development is 1.4, the highest ever for a condo in New York City. The luxurious Commodore Condo is a 10-minute walk from MRT Canberra. An astonishing number of statistics and art institutions ensure that this remains a satisfying experience.Just a stone’s throw away there are active and prestigious schools. The MRT station is only a few kilometers away. Other smaller roads are also more convenient.

Activities in the surrounding area are also high. There are good connections to the playgrounds at Northpoint Shopping Centre, Pebble Garden and Sembawang Shopping Centre.

Referring to the 2019 Master Plan, Singapore’s North Region will undergo various developments to make life easier in the region. The master plan focuses on upgrading existing facilities and injecting new ones so that residents can meet their needs closer to their homes. Notable new and future integrated developments in the area include the Canberra Plaza, Bukit Canberra and Woodland Health Campus. These developments will be located within existing and future MRI and Canberra MRI for improved connectivity.

Bukit Canberra is situated in a green park-like environment and has many facilities, including a sports hall, swimming pool, Hawker Centre, senior centre and polyclinic. Bukit Canberra will go into operation in 2021, making it easier for residents to access amenities.

The centre will house a specialist clinic, a nursing home and an acute hospital. Residents will have easy access to medical care. The Woodland Health Campus is scheduled to be completed in 2022.

City dwellers will have more alternatives to getting to and from the city centre than driving their own car to Canberra. A parallel bus link will be established to provide residents with seamless bus services between the city and cycling, and a long-distance route will run along the forthcoming 215 km North-South Corridor (NSC). When completed in 2026, the NSC will extend from the ground up to Woodland. The corridor is designed to ease congestion on the congested Central Expressway (CTE) and give motorists faster access to the city.

These include a network of hiking and cycling trails, a green loop around the Lower Seletar reservoir and a new leisure corridor. The creation of more common spaces in addition to recreational activities. Improve traffic in the northern region to facilitate commuting by opening new integrated transport hubs along the Ith MRT road network. Remarks on the Sembawang Shipyard and the development of the mixed-use waterfront. Creating more opportunities for growth and employment.

Although North Canberra is not the most popular neighbourhood, it has enormous potential. With so many promises in the pipeline, now is the right time to invest in buying a home in Canberra. If you are interested to see more new launch projects, please visit https://www.newlaunchportal.com.sg

How To Pay Off Your Mortgage Faster While Owning Flats And Make It Remain Affordable?

Flats cost hundreds of thousands of dollars, which means most people must take out a home mortgage to support their purchase. Here, we review different loan alternatives for buying a flat, depending on whether you favour fixed or variable interest rates. Why you should clear off your mortgage. Taking out debt is a big decision because it binds you to a repayment plan. It is likely to switch to another mortgage after four, five or seven years, depending on your preference

Choosing a Mortgage

A borrower must apply for a home loan, which means he must meet specific criteria. For example, he must be over 18 years of age, have sufficient income and assets, be a Singapore citizen or permanent resident, and not be the property owner in another country. With a fixed-rate mortgage, the lender sets the interest rate for you. A borrower can have a fixed-rate mortgage for up to five years. After that, the lender adjusts the interest rate annually to take account of changes in the Consumer Prices Index (CPI) and the Bank of England base rate to prevent you from being overcharged. Floating rate loans are more flexible but cheaper in the long run.

Why You Should Pay Off Your Mortgage

Most Singaporeans plan to stay in their HDB flats for a long time and therefore have plans to roll over the loan for an apartment you want to buy. In 2013, for example, 80 per cent of flat buyers with HDB loans extended their mortgage for at least seven years. How to pay off your mortgage faster There are several ways to pay off your mortgage faster. 1. use reverse mortgage Reverse mortgages are traditionally used for older people who want to monetise their home after retirement and are no longer able to manage their home loans. However, people over the age of 55 also have the option of getting a reverse mortgage in Singapore. A reverse mortgage allows you to stay in your HDB flat and receive monthly amounts for the rest of your life or until you die.

Make a Mortgage Switch

With a 10-year term, after which the loan balance would be paid off, the total cost of the flat is about the same as if you were to buy the property outright, minus the transaction costs. It is, therefore, often a good idea to opt for a mortgage exchange at this time to save money and benefit from lower interest rates. In exchange for giving up the next 10 years of interest, you get the property for free and get a new, larger home. You can also take out a second mortgage (or two, in some cases) to finance a purchase if you have excess income. When to use a mortgage switch For HDB resale flats, you can apply for a home loan and transfer it to the next owner after five years.

Conclusion

Most people who buy a house today pay for their home with a mortgage, but paying it off in 10 years or less is doable.

Things You Should Consider When Investing In Real Estate Property

The easiest way to compare transaction prices in an area and surrounding properties is to reach all surrounding districts. A common precursor to ripple effects is when a price difference of five percent or more is found between one area or neighbourhood and the next in the area. A cruder approach is to look at properties that have appreciated significantly in the last year, such as Paya Lebar.

Be on the lookout for properties in such areas, as chances are they have been revitalized thanks to their neighbours. There may also be a good chance that the surrounding areas will benefit in the next year or two.

New MRT stations, business centres and shopping malls are revitalizing sleepy areas and driving up prices. Finding tenants for your property can be difficult. Expensive hipster cafes and quirky art galleries in old neighbourhoods are being touted by well-heeled tenants willing to pay higher rents. With distressed properties being auctioned off by bankruptcy trustees, you can sell valuable real estate at a low price and make immediate capital gains.

When it comes to investing, I would like you to know that most Singaporeans hope to invest in property when they can afford it. It remains one of the top investment choices given the historical returns of property investment in this country with dwindling land and the evidence that property is a great investment opportunity for the wealthiest people in the country. But investing in property comes at a high price. In Singapore, it isn’t easy to buy an investment property without deep pockets. There are several ways to have your cake and eat it, beyond the traditional way of buying property.

Purchasing a physical property is not the only way to invest in Singapore’s lucrative property market. In fact, many options require less capital, have a shorter investment horizon and offer a more liquid market. Before getting started, check out our recommended online trading platforms.

This guide is for you if you are thinking about buying a second home or investment property in Singapore. Investing in property is one of the most popular ways to grow your money in Singapore – not least because it’s the only thing you can spend your CPF savings on. For most ordinary Singaporeans (not CEOs, ministers, investment bankers or heart surgeons), the two main ways to get rich quick are winning the lottery or buying property in Singapore and hoping its value skyrockets.

Property in Singapore generates positive net returns in appreciation and foreign exchange earnings over the medium to long term. One of the main reasons private equity funds of the world’s wealthiest people buy buildings and properties is the intelligent dollar.

Low-interest rates have done their part to drive up house prices, thanks to the efforts of the vigilant Monetary Authority and Singapore government. Singapore is a haven as it is the most liquid market in Asia and is known for trusts and Singapore institutions. Property in Singapore costs a premium as returns are very low for owners who rent out their properties. Nevertheless, condominiums in Singapore are cheaper than $14,000 to $18,000 per square foot (sq ft). There is no premium in global cities.

Round-trip transaction costs are also lower in Singapore. See our analysis of property transaction costs in Singapore compared to the rest of Asia. Taxes and fees: rental income tax in Singapore is higher than rental income, and non-resident “net rental income” is taxed at 22%. Property tax, insurance, maintenance and repairs are deductible from gross rental income. The gross rental yield in Singapore remains low at around 30%.

In general, property prices in Singapore are closely linked to the government’s infrastructure initiatives. Prominent examples include the High-Speed Rail (HSR) in Jurong and Johor Baru, the Singapore Rapid Transit System in Woodlands, and new MRT stations along the roads.

In general, improved transport infrastructure has a significant impact on property prices, especially when it comes to new MRT stations within walking distance. In addition to improved transport infrastructure, buildings with nearby amenities such as shopping malls, prominent schools and public libraries also drive up property prices. In the housing market context, purchase prices should below (or at least reasonable), and sales prices should be high.

This may mean, for example, that you buy a property in an area with good growth prospects, but you don’t necessarily like it. That’s a good thing because development over the years can pay off in the long run. You can take advantage of the value by buying homes that are priced low because of their location and that you can get to within a 90-minute bus ride to your job. You can also buy in places that are far away.

Many people say they get rich by investing in real estate. But it takes investment to make money, not the opposite.

Should You Invest In A Commercial Real Estate Property?

If you are the owner, you will need to find an escrow agent who is a neutral third party to oversee the transaction. They will ensure that all parties are protected during the transaction. They can also help with the transfer of documents and funds.

If anything strange or wrong comes up during the inspection of the property, you have the right to tell the escrow agent to stop the transfer. Property Metrics has an excellent checklist of the final processes involved in buying a commercial property. Buying commercial real estate is a process, and if you follow the steps, it will work.

When you decide to buy a commercial property, there are many considerations to take into account. To help you with this, all of us have come together and put these tips below. We hope these will help you make an informed decision that will lead to a successful purchase. It’s best to be as knowledgeable as possible about commercial real estate investing before you begin the process. Read through these tips step by step.

Buying investment real estate has the potential to be an excellent investment, just like residential real estate. However, if you are a seasoned real estate investor, it is essential to understand that purchasing commercial real estate is not the same as buying a home. When purchasing commercial real estate, it is helpful to know the pros and cons of this type of investment. It is essential to understand the opportunities for higher returns that come with a higher purchase price and more risk.

Acquiring commercial real estate is different from buying a home. You’re not looking for the perfect house to live in. Instead, you’re looking for a return on your investment. Your approach to commercial real estate will also be different. It’s not that hard.

Buying a commercial property can be more complicated than buying a single-family home, so do your due diligence. Many questions need to be answered when buying a commercial property. Here are six things you should consider when purchasing a commercial property. Before you obtain a property, consider the location and how you plan to use the property for business purposes. The infrastructure in the area can increase or decrease the value of the property.

Once you have a commercial real estate specialist on your side, start exploring the different types of commercial properties on the market. You will find no significant difference between office buildings, industrial properties, retail properties, multi-family properties and other commercial properties.

Buying a building on the market for single-family homes is very different from buying a building on a commercial property. Commercial buildings fall into many categories, each with its nuances. Here’s an overview of what purchasing a commercial property looks like, the steps involved, and the different types of assets that come into play under the retail umbrella for real estate investors. There are fundamental differences between buying a building as a commercial space and a single-family home.

Single-family homes are appraised based on comparable values. Comparable sales are essential because cap rates are calculated based on appraisals of similar properties in your area. Commercial property valuations are based on property income, not close deals.

When buying commercial real estate, think of buying traditional real estate on a larger scale. Buying commercial property allows you to triple the net rental price. When buying residential real estate, you don’t have to deal with emotional and personal attachment factors. The risk of renting is that it is not available to residential real estate investors.

Commercial real estate is an exciting prospect and can be very profitable. More tenants mean more returns, and unlike residential real estate, commercial real estate can hold a good number of tenants at any given time. The more tenants there are, the more return you will get on your investment.

The security of your investment in commercial real estate is the value of the property itself and the facility. Consider the number of tenants in the property and whether you can expect continuous income during your ownership. Improvements in the business will also increase the value of the property.

If the property is commercial, there will be more public visitors and more people on the property hurting or damaging your property daily. There will be more customers, more facilities to maintain, and more costs. You can hope that the additional revenue will outweigh the cost increases and support commercial property purchasing over a residential property.

To avoid this, check with local authorities to determine the suitability of your commercial property. Litigation will not affect your other investments. It is not uncommon for investors in commercial real estate to encounter significant problems during acquisition and construction.Location is critical in commercial real estate. You want to buy space near many businesses and your tenants, in an area.