Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts

Wednesday, 10 July 2019


Are you looking for a property for own stay? Perhaps you could take a look at Equine Park before you decide which property to buy. There are many types of unit for you to choose from, ranging from 1 bedroom unit, to 2 bedrooms unit, 3 bedrooms unit and studio unit. A studio unit is a type of property that allows you to do all your eating, living and sleeping in just one room with no barrier walls. A studio unit is a living unit, or a multipurpose room that contains the bedroom, living room and kitchen in just a single open space. You get to perform all the household tasks easily as everything is in one place. But of course, there will have a separate room with a door for the bathroom. This article will guide you through the pros and cons of living in a studio unit


1. Easier to clean

One of the biggest advantages of staying in a studio unit is that cleaning will be a breeze, as compared to staying in a bigger unit. Because studio units are often smaller than a one bedroom unit or a two bedroom unit, there is only very little room or space for clutter, therefore, it is so much easier to clean and maintain its cleanliness. With minimal surface area that you need to vacuum and mop, keeping your studio unit clean is not much of a difficult chore.

2. Less furniture, less spending

As the space is already limited, you would not need that much furniture to further furnish your place. Hence, lesser spending. You get to save quite a bit from spending on furniture. You will only need little essential furniture for your place, such as a table and a bed, and you are good to go. This will give you an opportunity to live with less clutter (rubbish), and you get to become a minimalist. Killing two birds with a stone.

3. Lesser expenses

A smaller space means lower cost of utilities, as there is not much area that needs heating or cooling. Instead of having two air conditioners, one would suffice. Less energy is required. For instance, a floor lamp is sufficient to provide light for the entire space of your studio unit. That being said, your electricity consumption will be generally lower, and your electricity bills will be lower.


1. Limited space

As it is only a studio unit, it definitely is not a good option for any more than two persons. Therefore, couples that plan to expand their family should not go for a studio unit. In addition, some couples prefer to have some alone time although they are staying together. Due to the fact that there is no separation of space between rooms, which also means there is no separation of space for each other, unless one goes to the bathroom. In this case, a studio unit is definitely not suitable for couples that value alone time. A studio unit is more suitable for single adult, or young working adults who prefer staying in a smaller space.

2. Not suitable for socializing 

A studio unit is definitely not suitable for any parties held. A party held in a small studio unit is equivalent to disaster. Your bedroom is your living room, and also your dining room. Imagine the mess that you will end up with after just a meal. Furthermore, your guests might get too comfortable and treat your studio unit as their own, and proceed to sleep on your bed.


Top range studio units could be very expensive, especially those that come with top quality furnished apartment. This will then be an issue for those who plan to rent or student. You will be surprised to find out that the rental cost for a studio unit might be more expensive than those with one bedroom unit or two bedrooms unit. If money is an issue for you, renting a studio unit will not be a feasible option for you to even consider.

In conclusion, a studio unit is more of a perfect choice for students, single adults, someone who have just moved to a new city for a new job, or couples who have just gotten married. If you love the open concept living space, a studio is the right choice for you. However, if you are slightly claustrophobic, you will then need a bigger space, bigger house. Ultimately, the choice is yours.

Friday, 3 May 2019


Millennials are those who born between the year of early 1980s and mid-1990s. Younger millennials have recently entered the working world. Millennials are a tough crowd to serve when it comes to the property market. According to a current research, 63% of those born during the 1980s and 1990s are still living with their parents; out of those who have  moved out, over 60% are simply renting instead of purchasing a home of their own. The most important feature of a home they are looking for are the one that ease them by having public transportation nearby such as Boon Keng MRT which is convenient to office goers. Millennials now comprise roughly a quarter of the total workforce in the Asia Pacific region, and they are quickly forming a strong source of spending power. Millennials’ purchasing power will soon go beyond every other generation, so what are the key factors that influence their purchasing decisions and how to attract them on property?

1. Location

The location has at all times been important in the real estate industry, and for most millennials, the ideal location for a home is close to a town area where they may have easy access to services and amenities such as shopping, clinics, hospitals, public transportation, and movie theatres. Office goers may not want to travel long distances for work or for leisure. However, millennials with children may prefer someplace more open and residential.

2. Tech savvy
Millennials look for a place to buy or rent with just a few clicks, and similarly, you should advertise your property with just a few clicks. Upload one or two pictures, and you are open for business. Tech-savvy here also means that millennials breathe, eat, and sleep with the internet. 

3. Branding priority

Research has shown that millennials are definitely brand-conscious, but they only care about certain kinds of brands that help them characterize who they are. Millennial consumers were asked if they market themselves on social media and consider themselves to be a brand. A quarter of them said yes. Therefore, millennials are very attentive of their social status. Therefore, brands that can help them with their status will do well. In other words, investors who purchase properties at strategic locations with equally good brand names or signature addresses will gain a competitive advantage when it comes to attracting millennials.

4. Carefree

Most millennials nowadays tend to work for long hours and are extremely money conscious, which is the reason they prefer homes that require little maintenance and little care. Having low maintenance features and fittings such as floors made of faux wood and granite countertops in the kitchen are looked upon as positives by millennials. Today’s millennials do not want to spend their leisure time doing household chores. On the other hand, they would go on a nature hike. This carefree mentality has birthed many popular on-demand services, ranging from car-share initiatives to food delivery subscriptions. Millennials simply prefer to maintain a daily life with as little stress as possible. They hate wasting their limited time.

5. Eco friendly home

We live in an age of technology where almost everyone has a mobile device and going wireless has become the norm. Today’s buyers want their homes to be technologically fitted, with wifi capabilities and a fast internet connection. But that is not all, millennials are also adopting a more sustainable and healthy lifestyle and will hence be looking for homes with energy efficient systems, good waste management and use of recyclable materials to reduce their carbon footprint. Eco-friendly homes can help you save time and money as the materials used are easily accessible. Many builders are able to buy the materials locally, which can save time and reduce the carbon footprint by minimising the distance they need to be shipped. Property development with a green footprint will certainly be a popular draw with this group of people.

Millennials’ purchasing power will soon beat every other generation, yet the key factors that influence their purchasing decisions are sometimes a mystery to marketers and service providers. Homeowners who are looking for tenants are also considered as service providers and marketers. Therefore, it pays to know the key factors and more, importantly, act upon them.

Tuesday, 18 September 2018


Buying your first property can be an intimidating experience. You browse through websites to look for properties such as apartments unit in City Plaza and new launched condominiums. You start reading many articles regarding the guide to getting a property. However, you are still  unsure on where to begin, after all, this is a big decision that involves a lot of money. This article will guide you through the important things that you need to know before getting a new launched condominium and it might help you to reduce the stress throughout the buying journey.

1.      1. Budget planning
First of all, you will need to set a budget when it comes to buying a property. Set a realistic budget and stick to it. Know what you can afford to prevent getting yourself into a huge debt. After all, buying a property involves a huge sum of money and you definitely do not want to end up getting being in debt.

Get an approval in principle (AIP) for a bank loan so you will have an idea of how much loan you will received when you apply for a bank loan after that. An AIP will allow you to know how much loan you are eligible and your monthly mortgage repayment.

You can also check how much fund you have in your CPF account to help in funding your home. You are allowed to use the savings in the Ordinary Account up to the Valuation Limit for your first property. However, if it is the second property, you will then need to set aside approximately $80,500, which is the Basic Retirement Sum before you are allowed to use the remaining savings in the Ordinary Account.

Do consider the down payment for the property that you buy, commonly 20% of the price of your property. You are able to pay the down payment by using cash of CPF that consists of 5% Option Fee and 15% of Exercise Fee, Other than that, you will also need to pay for the Buyer’s Stamp Duty (BSD) and the legal fees.

Certain home buyers will need to pay the Additional Buyer’s Stamp Duty (ABSD) on top of the BSD:


Singapore Citizen
1st property
2nd property
3rd property and above
Singapore Permanent Resident
1st property
2nd property and above


Let us say if the property is bought by both Singapore Permanent Citizen and Singapore Citizen, the ABSD rate will then be higher.

2.      2. Shop around
After you planned your budget, you can start looking around for condominiums that fall within your budget range. You could also engage with a property agent in guiding you with recommendation and purchase process. If you wish to save money,you could do it on your own by doing research and finding information from various property websites out there.

3.     3.  Visit showroom
Buyer will be able to visit the show flats prior to the launching of the condominium, usually around one to two weeks before launching date. However, the actual price for the condominium is not released yet at this point.

You can complete the Expression of Interest form along with a black check to the developer’s account if you are interested in the property. The blank cheque will include 5% booking fee of the property and when the prices for the condominium are revealed, the amount will then be filled in accordingly.

That being said, you will have to be cautious as it is risky to hand in a black cheque. Hence, you are required to double check on the name of the developer’s account.

The great thing about registering before the price is revealed is that you stand a chance to participate in the ballot system along with people who have also registered their interests. You will then be invited to book a unit when you get a call from your ballot number. However, if you do not wish to proceed, your empty cheque will be returned to you.

4.     4.  Book your desired condominium unit
On the launch day, you will then need to go to the show flat to submit the ballot number and wait for your number to be called to book your unit. Once booking is done, you will be provided with a set of Property Details Information (PDI) documents by the developer. The PDI contains the floor plans, offered items, rules and regulations, and other related information of your desired unit. You will need to read the documents thoroughly to make sure you are satisfied with the unit.

5.     5.  Finalise loan and hire a lawyer
After getting the Option in your hand, you then need to approach the bank for loan application for your newly launched condominium. After you get your loan application approved, the bank will issue you with a Letter of Offer with all the terms and conditions.

You will also need to hire a lawyer to assist you in purchasing and conveyancing messages. Although the bank that you engage with will recommend you a firm, you could always choose to hire a lawyer on your own. Be sure to look around for a lawyer that offers you the best rate.

6.      6. Sale and purchase Agreement
Normally, the developer will provide you with the Sales and Purchase Agreement within 2 weeks of giving you the Option. You then have 3 weeks time to sign the agreement and proceed with the Option. You will have to pay 15% of the exercise fee, which is the remainder of your down payment. The payment for the exercise fee is within 9 weeks from the day you get the Option or at the time of signing the Sales and Purchase agreement, whichever that comes latter. Do take note that you are also required to pay for the BSD or ABSD on the Sale and Purchase Agreement within the 2 weeks of signing.

7.      7. Payment
You will have to start paying after 6 months of dealing with the above 6 steps. Payments will be made every few months for uncomplete developments based on the milestones achieved in the construction. When the Temporary Occupation Permit is obtained, you will then need to pay the final 40% of your unit price.

8.      8. Keys collection
Lastly, it is the keys collection. You can start engaging with interior designer and plan for a house warming party with your family and friends.

In conclusion, the steps to getting a new launched condominium unit is not that tedious after all, provided you follow the guide and plan ahead to avoid going through the unnecessary issues. If you are interested in getting a HDB flat, you can understand more on the process of getting a HDB flat by reading step by step guide to buying your first BTO flat and guide to buying a new HDB flat.

Saturday, 7 April 2018


In the world of real estate investing, new bright stars emerge almost every few hours. However, even the brightest stars will one day burn out and fade away. What are we talking about? Burnout. It’s one thing to just rent a property out once and another thing altogether to do it concurrently and multiple times over and over. The positive experience of generating your first return can soon give way to the hectic stress and time it takes to properly manage your rental properties. So, how can you keep your star burning bright? Here’s a few tips and tricks for you to keep your optimism and sanity as a landlord!

More than money

While the prime motivator for your rental investments may be financial gains, finding the joy in other aspects of the activity should not be relegated to second place. Sometimes, when it’s all about the money, it will end up becoming a stress-fest of financial decisions. This can quickly lead to burnout when you’re only focused on the material aspects.

The solution: try to find some aspect of the process that you like. It may be meeting people; marketing your property during showings; cleaning or repairing the property with your own hands; being your own boss; or even the price of ownership. Think of the positive aspects of the rental business that you enjoy. Be excited about the prospect of a new house for sale in taiping, purchasing it, fixing it up, showing the product off, and renting it out. Know that you are making a big difference in the rental and housing market, however small your contribution may be.

Choose tenants carefully

In all honesty, most of the stress a landlord faces probably comes from issues with tenants. The quality of tenants typically correlates directly to a landlord’s stress levels and longevity. A good tenant will take care of your property for you, pay rent on time and make your renting effort an enjoyable one. A bad tenant will quickly make their problems yours. For example, late rent payments, damage to the property, and unnecessary conflicts. In the end, you might even have to resort to evictions. All this can put a damper on your enthusiasm towards your rental business and investments.

The solution: screen through prospective tenants thoroughly and wisely. Make sure you meet them a couple of times to get a grasp of their personality and character. Have a set of expectations for them from the moment you meet them. You would do well to choose tenants that you can maintain a healthy landlord-tenant relationship with.

Select properties wisely

It’s easy to get burnt out when your rental property is not generating any income. This defeats the whole purpose of choosing to invest in rental properties. After all, the only reason for rental property investment is to generate a stable and passive source of income.

If your rental property is not generating the amount of money you’d like to be making, you need to rethink the approach that you use to pick your rental properties. Rethink the basics of property selection: location and condition. For example, you wouldn’t want the extra stress of dealing with repairs and upkeep for an outdated and defective building. Neither would you want to buy a property in a place that has low demand and high supply.

The solution: choose prospective rental properties wisely. Know your target pool of tenants and try to cater towards their work and lifestyle. Also try to look for opportunities, for example, try to invest in an area where there is a constant and 
consistent demand for rental units. When you learn to choose properties more carefully and more wisely, you’ll put the pieces in place for you to make more money. If you’re making the amount of money you want, you’ll be less likely to experience the stress and pressure that leads to burnout.

Know when to disconnect

Being a landlord is a tough job. You might feel that you’re never truly off the clock. However, this doesn’t mean that you have to be available 24/7 to address the concerns of your tenants. Constantly working will make you feel overwhelmed and is a surefire way to make you less motivated and burnt out. Set aside some time to disconnect from your job. Perhaps you can devote your weekends as personal downtime, which means no work unless its an emergency. This allows your mind to focus on other things that you enjoy.

The solution: Work in a clause in your tenancy agreement with the stipulation that unless it is for emergencies, you can get back to your tenants in a reasonable amount of time. Direct your tenants to leave their concerns in the form of voicemail. You can then deal with the problem on your own time and your tenants will learn that they can’t expect you to pick up the phone for every minor little detail. Alternatively, you can require that all service requests from your tenant be in the form of writing, such as via email. This would serve both tenant and landlord well, as there would be a written record of the exchange. However, one caveat for this is that you need to make sure your tenants have your main phone number in order to reach you in case of emergencies.