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Property Guru Explained, Singapore (2026)

29/02/2024

Diving into the enchantment of captivating homes, I undertook the task of marketing an extraordinary house with a price tag of $16.8m. This wasn't just any property – it carried the weight of historical heritage, making the journey both challenging and intriguing.

After persistent efforts, we successfully secured the price the owners desired. Yet, unforeseen circumstances prevented our initial buyers from claiming this extraordinary abode.

Fast forward to today, the house returns to the market, everything intact, albis now with a new marketing agent. Asking is $22.8m.

The silver lining? Amidst the twists and turns, the leads garnered during the initial marketing phase have proven invaluable. It's a testament to the unique charm this house exudes, making every effort worthwhile.

Stay tuned for more stories of interesting houses that I have marketed.

Original article here:
https://www.edgeprop.sg/property-news/ten-bedroom-bungalow-lewis-road-sale-168-mil

Latest article: Ten-bedroom mansion on Lewis Road for sale at $25.88 mil, up $9.08 mil in three years.

01/03/2023

Buying a Property in Hong Kong. What are the taxes and costs involved compared to Singapore?

In Hong Kong, there are several taxes and costs associated with buying a property. Here are some of the main ones:

Stamp duty: When you buy a property in Hong Kong, you are required to pay a stamp duty. The stamp duty rate varies based on the value of the property and whether it is your first or subsequent property purchase. As of March 2023, the stamp duty rates are as follows:

For first-time buyers of residential property priced up to HKD 6 million, the stamp duty is 0.25%.

For subsequent buyers of residential property priced up to HKD 6 million, the stamp duty is 3%.

For buyers of residential property priced above HKD 6 million, the stamp duty is 4.25% for first-time buyers and 9% for subsequent buyers.

For commercial property, the stamp duty is 1.5% for properties priced up to HKD 2 million and 4.25% for properties priced above that.

Legal fees: You must also pay legal fees to a solicitor who will handle the conveyancing process. The cost of legal fees can vary, but they typically range from 0.3% to 0.5% of the property value.

Mortgage fees: If you take out a mortgage to buy the property, you may need to pay additional fees, such as arrangement fees, valuation fees, and mortgage insurance.

Property tax: Once you own a property in Hong Kong, you are required to pay an annual property tax. The property tax rate is currently 15% of the net assessable value of the property, which is calculated by subtracting certain expenses from the property's rental income.

It's essential to keep in mind that the costs associated with buying a property in Hong Kong can add up quickly, so it's a good idea to work with a professional to ensure that you have a clear understanding of all the expenses involved.

25/01/2023

Surviving a recession in the property market in Singapore can be challenging, but there are several strategies that you can use to minimize the risks and potentially make money during a downturn:

1. Research the market: Understand the current market conditions and be aware of the government policies and economic indicators that may affect the property market in Singapore.

2. Diversify: Diversify your portfolio by investing in different types of properties in different locations. This can help to spread the risk and minimize the impact of a recession in one particular area.

3. Buy low: Look for opportunities to buy properties at discounted prices during a recession. This can help you to make a profit when the market recovers.

4. Renting out: Renting out your property can provide a steady stream of income, which can help to cover expenses during a recession.

5. Stay informed: Keep yourself informed about the market conditions, government policies and economic indicators, to be able to adapt to the changes and make decisions accordingly.

6. Maintain cash reserves: Keep a healthy cash reserve to weather through the downturns.

7. Be patient: Property investments are long-term investments, be patient and don't rush to sell during a recession, as the market may recover eventually.

8. Look for opportunities in the HDB market: The public housing market in Singapore is often less affected by economic downturns.

24/01/2023

Whether or not it is a good time to sell your property depends on a variety of factors, such as the current state of the real estate market, the condition and location of your property, and your personal financial situation.

Singapore's property market has been experiencing a cooling trend in recent months due to the unpredictable world economy, and government measures such as increased stamp duties and tighter lending regulations. As a result, property prices have been relatively stable and have not been increasing as rapidly as they have in the past. This means that in general, it may not be a good time to sell your property if you're expecting to get a high price, as the market is relatively stable.

However, it's important to note that the property market can vary significantly depending on the location, type of property, and overall market conditions. Some areas or types of properties may be experiencing a fall in price while others may be still increasing.

Additionally, the property market can be unpredictable and can change rapidly. It's always good to consult a professional or check the government website for the most up-to-date information on the property market, as well as to consider your own personal financial situation, such as your income, savings, and debt levels, before making a decision to sell a property.

In summary, it's a good idea to be informed and considerate of your own personal financial situation, the condition and location of your property, as well as the current market conditions before making a decision to sell a property.

24/01/2023

Is Singapore property overpriced?

Whether or not Singapore's property market is considered to be overpriced depends on a variety of factors and perspectives.

Some experts argue that property prices in Singapore are high due to factors such as the city-state's small land area, high standard of living, and developed infrastructure, which can drive up the cost of goods and services. Additionally, government measures such as additional buyer's stamp duty (ABSD) and tighter lending regulations, which were implemented to cool down the property market, have also contributed to the high property prices.

On the other hand, others argue that Singapore's property prices are not necessarily overpriced in comparison to other major global cities, when taking into account the high median salary and GDP per capita, as well as the high standard of living, good public healthcare system, and high level of safety and cleanliness.

Additionally, as Singapore is a major hub for business and trade, it can attract a lot of foreign investors and expats, which can also drive up property prices.

It's also important to note that the property market can be cyclical and depending on the market conditions, prices may fluctuate. Furthermore, the prices of different areas, types of properties and developers' projects can vary significantly. So do your homework or consult a trustworthy consultant for advice.

24/01/2023

Singapore's property market has been experiencing a cooling trend in recent years, with property prices falling or remaining relatively stable in many areas of the country. This trend is largely due to government measures such as increased stamp duties and tighter lending regulations, which have been implemented to cool down the property market and curb speculation.

However, it's important to note that the property market can be unpredictable and can change rapidly. Property prices can vary significantly depending on the location, type of property, and overall market conditions. Some areas or types of properties may be experiencing a fall in price while others may be still increasing.

It's also important to note that the measures implemented by the government have been successful in slowing down the property market, but have not resulted in a significant fall in prices. Additionally, the COVID-19 pandemic has also had an impact on the property market, which could lead to further changes in prices.

Additionally, it's also important to consider your own personal financial situation, such as your income, savings, and debt levels, before making a decision to buy a property.

It's always good to consult a professional or check the government website for the most up-to-date information on the property market.

24/01/2023

Is it a good time to buy property in Singapore?

Whether or not it is a good time to buy property in Singapore depends on a variety of factors, such as your personal financial situation, the current state of the real estate market, and your long-term plans for the property.

As of my knowledge cutoff 2021, Singapore's property market has been experiencing a cooling trend in recent years due to government measures such as increased stamp duties and tighter lending regulations. As a result, property prices have been relatively stable and have not been increasing as rapidly as they have in the past.

However, it's important to note that the property market can be unpredictable and can change rapidly. It's always good to consult a professional or check the government website for the most up-to-date information on the property market and to get an idea of the trends. Additionally, it's also important to consider your own personal financial situation, such as your income, savings, and debt levels, before making a decision to buy a property.

It's also important to do your research on the specific location and type of property you're interested in, as prices and demand can vary significantly. Consider the long-term potential of the property, such as its potential for appreciation, rental income, and resale value.

In summary, it's a good idea to be informed and considerate of your own financial situation and market conditions before making a decision to buy a property. It's always good to consult a professional or check the government website for the most up-to-date information on the property market.

24/01/2023

We are entering into 2023. What is the overview of residential property prices in Singapore?

04/09/2022

Here is a special invitation to an exclusive 2-day Property Wealth System Masterclass(10 and 11 Sept 2022).

Conducted by Industry Experts, you will be guided along on how to invest in a SAFE and LOW RISK method.

Check out the details here: https://propnex.com/pws/90087920

23/08/2022

The landed home sale market has been on a roll over the past 2 years, with many owners selling their landed homes, and booking decent profits amidst a buoyant housing market.

Based on the latest quarterly statistics released by the Urban Redevelopment Authorities (URA), landed home prices are up by 2.9% compared to a year before, as of Q2 2022. Based on caveated data, there were 114 landed homes transacted in June 2022, with a combined value of $811 million.

Based on trends, landed homes across the island have also proved to be a good store of wealth and have reaped decent returns for their owners.

While central area landed homes can be pricey, there are a number of landed homes in the outskirts that not only provide a landed home environment at a decent entry price but also a good potential for property value appreciation.

Landed Property Exhibition 2022 (Jointly organised by 99.Co)

Date: 18 Sept 2022 (Sunday)

Venue: Furama RiverFront Hotel @ Level 3 Jupiter RoomHappening on 18 Sept 22 at Furama Hotel.

Register online now and get yourself these gifts:

1. Free Landed Site Survey
2. Under Sink Filtration System ($588)
3. Landed Market Report

Registration Link here: https://forms.gle/EiCoxHoxTfobhu7e7

23/08/2022

From 11 May 2015, landed housing shall follow the envelope control guidelines. The guidelines define an allowable building envelope based on storey height and building setbacks. The development shall not exceed the permissible building envelope as illustrated in the figure shown.

For existing landed housing approved under previous conventional landed housing guidelines, new Additions and Alterations works shall comply with the permissible building envelope in the Envelope Control guidelines.

Where the existing building already exceeds the permissible building envelope, the new Additions and Alterations shall not further increase the building bulk. URA will assess such applications on the merits of the proposal.

20/08/2022

Selling or Buying an HDB Resale Flat?

These two charts have proven very valuable to many. Do keep it handy when you are planning to buy or sell!

Property Guru Explained

29/02/2024

01/03/2023

25/01/2023

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