“Do you think we’re going to get it?” my anxious client asked me for the sixth time. “Don’t worry, lets have a coffee and wait for the results of the ballot”, I said for the sixth time Just then my mobile rang. It was the Inflora’s marketing agent Ben. He excitedly told me that my …
I remember clearly the moment I signed on the papers to buy my first investment property, my pulse raced: “Will I be able to afford the mortgage instalments?” “What if I can’t find a tenant and its empty for the next 6 months?” “What if the price comes down by 50% in the next 1 …
Nobody Ever Said It Would Be Easy, Only That It’ll Be Worth It Read More »
The calcuation for rental yield is really very simple. It is the yearly rent that we receive divided by 12 months. For example: Monthly rent for a property is $3800 Yearly rental is $45,600 Purchase price is $1,000,000 Rental yield = $45,600/1,000,000 =4.56% Anothing above 4% is considered very healthy in today’s market as the …
Case Study of how a HDB owner can upgrade to a condo and own another one for investment! Are you a HDB owner wondering if HDB owners can buy private property? How to buy more than one property? Is Property Investment still possible after all the cooling measures? Is it better to keep your HDB …
When hunting for properties, don’t be too overwhelmed only by how spacious the rooms are or how big the pool is. Keep in mind the below evergreen time-tested tips: This article is from Yahoo Property Blog Nov 18 2011 by Kelvin Fong: “As a consecutive three-time PropNex ‘Champion Team Leader’, Kelvin Fong is as talented …
I have just finished a busy week where I have just helped a client May sell her condo and purchase a another condo unit. This purchase being her 2nd property, she will have to pay Addition Buyers’ Stamp Duties(ABSD) of 7%. Being a little surprised by how swiftly she made her decision to buy …
Why buy a property now and have to pay for ABSD? Read More »
Nope, the government didn’t decide to remove the cooling measures… Its about how a 23 year old South Korean young man saw an old woman without slippers and humbly offers his own despite having to hop around bare footed in scorching heat later… After reading yesterday about young girls doing well in school just so …
The best piece of Front Page News in a long time… Read More »
HDB does not allow spouses to buy over the other spouse’s share unless it is in special circumstances like in a divorce case. However, if the owners are mother/daughter or siblings, one owner will be able to buy over the share of the other owner provided the one buying is eligible own a HDB flat …
Can I transfer my name in my HDB flat to my spouse so that I can buy a private property? Read More »
The only category untouched by the ABSD is commercial ie offices, shophouses, retail space etc. Although industrial properties consisting of B1 & B2 categories now incur Sellers’ Stamp Duties of 15,10 & 5% respectively, it may not affect the mid to long term investor who is buying for high rental yields or passive income.