Jedrich Property

27/07/2022

10th successful en bloc of the year till date with a few more in the pipeline upcoming.

Total deals worth to date : $3.17 billion

Each of these owners will take back between $1.76 million and $3.97 million.

These are homeowners/investors, what will they do next with these money?

They will need to look for a new place to purchase. Imagine $3 billion flooding the property market.

Where will the market go next year?

Euro-Asia Apartments has tried for a collective sale more than four times. Read more at straitstimes.com.

27/07/2022

First major private residential project in the mature housing estate of Ang Mo Kio in more than eight years.

98% sold on launch day, at an average of $2100 psf in Outside Central Region (OCR).

A 2,497 sq ft penthouse was transacted at $6 million or $2,406 psf!

This is setting new benchmark for OCR prices.

A total of 1500 cheques were collected for just 372 units.

Expecting demand to spillover to upcoming nearby launch, Lentor Modern, or even potential opportunities that may seem valued in the RCR and CCR regions, in comparison to the $2,100 psf price tag.

The first major launch of a suburban project is almost fully sold on first day of sales, with just seven units out of 372 still available. Average price is said to have crossed $2,100 psf, a new price benchmark for the Outside Central Region

02/06/2022

30 units bulk purchase!?

Foreigners who purchases Singapore’s properties are subjected to an Additional Buyer’s Stamp Duty (ABSD) of 30%, up from the previous 20% on 16 Dec 2021 onwards.

To put it into perspective, for $85m, the individual paid $25.5m in ABSD.

12/04/2022

6,000 HDB flats to be built in Greater Southern Waterfront, first BTO project within 3 years.

Definitely will be one of the most interesting BTO location.

These units are part of the 9,000 homes that will be built on the 48ha site. Remaining 3000 homes will likely be allocated for private housing developments.

It has not been confirmed if it will be under the new Prime Location Housing Scheme.

Industry experts estimates the 4 room flats to be in the price range of $600k - $700k.

Would you like to live there?

These units are part of the 9,000 homes that will be built on the 48ha Keppel Club site. . Read more at straitstimes.com.

22/03/2022

Should you pay off your housing loan asap or not?

Unless you are looking to retire, learn to leverage on Other People's Money (OPM) to grow your asset and wealth. Property mortgage debt is one of the lowest interest rate debt.

Assuming you have S$100,000 in extra cash and wish to pay off part of your HDB loan early. Let’s compare investing in an S&P 500 index fund instead, which gives an average annualized return of 7%.

Interest paid to HDB at 2.6 per cent: $100,000 x 2.6% = $2,600

Investment returns from the S&P 500 index fund: $100,000 x 7%= $7,000


Missed potential gains: $7,000 – $2,600 = $4,400

As we can see from the above calculations, you could lose over S$4,000 annually if you chose to pay off your home loan early instead of investing the extra cash.

Reducing your mortgage by $100,000 only reduces your interest by approximately $125 per month.

https://www.asiaone.com/money/why-you-shouldnt-pay-your-home-loan-early?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR0MFJx2P8JS-ZATOqAxK85MsX3KDCyr0MhsfCfC-ezIQKoVSLzFQseMito =1647880131

*Disclaimer: Please do your own research and due diligence before investing your money in any investment opportunity.

A common financial goal amongst Singaporeans is to become debt-free. It is a deeply-ingrained mentality that having any kind of debt is terrible and should be avoided like the plague.While becoming debt-free may be a goal worthy of aspiration,...

05/03/2022

A great start. Thankful to be recognised by PropNex for the start of the year.

I will continue to do my best for all of you.

Thanks ANJOY Real Estate Joyce Lye Hui Xin Andy Lim for the support, guidance and platform to provide the best service to all my clients.

If you’re looking to buy/sell or rent, hit me up for a free consultation, no need paiseh! 🤙🏼

18/02/2022

Latest BTO launch locations and pricing.

For urgent home buyers and families looking to settle down fast, both Yishun projects are expected to be completed in about 36 months, by 2024/2025.

The Kallang/Whampoa launch will fall under the new Prime Location Housing Scheme (PLH).

Happy New Home! Are you excited for the launch of our February BTOs across 4 towns and estates?

Plan your housing finances like a pro with HDB’s online budget and payment calculators before deciding on a flat to apply for: go.gov.sg/hdb-sales-launch-feb2022-4

14/02/2022

In building a new house for new owners, architect Carl Lim was keen to preserve a slice of history, so he repurposed some of the window grilles from the late President’s home, which now serve as decorative panels at the entrance.

13/02/2022

What happens to your HDB flat after the lease expires in 99 years, will it be worth $0?

The official answer is : Yes

By default, nobody is entitled to any form of compensation if the lease expires.

Probably one of the biggest questions most HDB buyers have is: what happens when the 99-year lease is up? Does...

09/02/2022

The recent cooling measure saw an increase in Additional Buyer Stamp Duty.

From 12% - 17% on 2nd property for Singaporeans.

That’s extra 5% cost on top of your investment!

You probably heard of sell 1 buy 2, but how to really own 2 properties without paying ABSD?

Use the cash proceeds from your first property and buy under 2 name.

Easier than it sounds.

Start planning early. Hit me up for a free discussion!

10/01/2022

“Home owners who sell their property at market value are not required to top up in cash if their selling price was not enough to fully refund the CPF monies used plus accrued interest.

But this means that this group would have less CPF monies to tap for their next property or for retirement purposes, said the CPF Board.

When home owners sell their property that was paid with CPF savings, they are required to refund the principal amount withdrawn, along with interest calculated at a rate of 2.5 per cent a year.”

More people who used their Central Provident Fund (CPF) monies to pay their housing loans were unable to fully refund the amount after selling their properties in 2020, compared with the previous two years, data published by the CPF Board showed. However, not a single...