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Charles Teo

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Charles Teo

Determined to get the best deal for you ✌️
CEA Reg No: R063952H 🇸🇬
NUS Real Estate Alumnus 👨🏻‍🎓
Ask me anything about real estate! 😊

11/12/2024

Congratulations to my clients on securing their first home and moving in today! 🎉

Thank you for trusting me to advise and guide you throughout this journey. We managed to edge out other offers despite strong competition for the well maintained and renovated unit that is now yours 🤩 I’m excited to see you embark on a new chapter in your lives!

This deal is also a significant milestone for me in my career as a realtor as it gave me the opportunity to meet my new manager - more on that in another post 🙏

Planning to purchase your own resale flat soon? Feel free to reach out 😁 Let’s make it happen!!

22/10/2024

New Journey, Lasting Connections 😄

The Jumpstart Program is truly amazing!!

It wasn’t just about learning the ropes—it reshaped my approach to real estate. The skills I gained in leading myself, lead generation, branding, and closing deals have given me more than just techniques—they’ve opened doors to opportunities. I’m now equipped with the knowledge and the confidence to take on challenges in this competitive industry.

This journey has sparked a fire in me—I’m ready to make a real impact, connect with clients meaningfully, and help clients with their property needs. What’s more, I’m surrounded by a team at SRI that encourages growth and innovation. I can’t wait to bring what I’ve learned into action.

To the amazing trainers, THANK YOU — your guidance has set me on a path not just to success, but to fulfillment in this exciting real estate journey. .properties .amos

Here’s to more milestones ahead! ✨✨

02/06/2023

Much has been said about BTO, what about SBF? Held concurrently with the May 2023 BTO exercise, the May 2023 SBF exercise has exactly 1,500 flats across 413 projects/precincts for sale 🤩 Swipe to see my insights on the May 2023 SBF ➡️

With the new HDB Flat Eligibility (HFE) policy in place, applicants may need to wait a bit to access the HDB flat portal 😩 Not to mention, the portal does not show all the projects in 1 page so applicants have to navigate between pages. As such, I have compiled a list where you can see EVERYTHING in 1 page!! 😌

Do let me know if you would like to access the database containing all the flats launched during the May 2023 SBF ☺️

28/02/2023

The 1st BTO launch of the year is here!! 🏠✨ Swipe to see an overview of the projects offered and their price ranges💰

One thing to note, even though you may only be interested in 1 project which is in a town where 2 projects are offered, there is a possibility that your queue number (if any) allows you to only choose a unit from your less preferred project. This is because the BTO application and ballot is conducted by town and flat type, and not by project.

If you are keen, submit your application via the HDB Flat Portal before the deadline, which is next Monday (6 March 2023), 2359 🙂

Feel free to reach out if you have any questions as usual ☺️

19/02/2023

💰Housing grants are certainly helpful when buying a HDB resale flat where prices are (still) rising! 😅 Coupled with the reduced Loan-to-Value (LTV) ratio of 80% for HDB flats now, housing grants can help to offset the 20% downpayment for a flat so that your cash can be freed up for other expenses such as renovation etc. 🏡 With the recent announcement on increasing the CPF Housing Grants for Resale Flats in Singapore’s Budget 2023, how much are these grants now? Is it a must to use the grants even if you are eligible? 🤔

Do like and share the post if you have learnt something new! ☺️ Questions on HDB, condominiums or anything related to real estate?

PS. I will post more often this year!

12/01/2023

Starting off 2023 with my FIRST HDB resale completion!! 🎉 Happy to secure a unit with no Cash-Over-Valuation (COV) for my clients in the current rising market 📈 Thankful for your trust and support, Nic and Sarah!

Always a DM away if you have any questions regarding real estate ☺️

ps. i didn’t get the memo to wear black today 🤣

21/11/2022

We all heard of BTO, but what about SBF? 😃

SBF stands for Sale of Balance Flats and it is a FASTER version of BTO! 👍Balance flats consist of uncompleted flats from earlier BTO projects that are currently under construction 🏗️, as well as completed flats 🏬, which are older and have shorter leases than the usual 99 years.

Unlike BTO flats, the locations of these balance flats are not known until the day of the SBF exercise itself 🤷🏻However, based on past SBF exercises, we know that majority of the flats offered during SBF are uncompleted flats from earlier BTO projects in the past few years 😌

Therefore, I have consolidated a list of uncompleted BTO projects with their revised estimated completion dates 📝 These projects are from the Feb 2017 to Feb 2022 BTO exercises. Projects from the May 2022 and Aug 2022 BTO exercises are excluded as flat selection for those projects are still ongoing.

➡️ Swipe right to see the list sorted by estate, and also what I discovered about Tengah, the newest HDB estate that will see completed flats as early as next year! 🏡

🚀 When the SBF exercise starts, I will update my list to reflect the actual projects with available flats and ethnic quota etc. My list will be compiled at a project level rather than at an estate level so that you will be able to see quickly which project, and hence which estate, may be more worthwhile to apply for during the 1-week application period 😎

Drop me a DM if you would like access to the list! 😊

29/10/2022

As promised, Part 2 is HERE!! 😊

From Part 1, we know that HDB resale flats have a range of remaining leases. The length of the remaining lease of a HDB resale flat is important because it affects how much loan 🏦 and CPF funds buyers may use. Older HDB resale flats also generally have older amenities around the precinct and neighbourhood. Hence, HDB resale flat buyers may only be looking for younger and newer flats with longer remaining leases.

This post serves to help this group of buyers who may not know where to find affordable newer resale flats. Swipe to find out which HDB estate has the lowest median resale prices for younger flats in Q3 2022!! Hope my post helps and do reach out if you have any questions ☺️

The picture in the background is from HDB’s brochure on Keat Hong Crest (May 2013 BTO project). The units in this project have recently completed their Minimum Occupation Period of 5 years 👍

28/10/2022

The HDB Resale Price Index may be at its all time high now, but are there still affordable options in the market? 🤔

Swipe right to see which estates 🏡have the LOWEST median flat prices in Q3 2022! I have also computed the median remaining leases of the flats transacted so that you can understand better how old the resale flats are in the estates. I believe this data is currently not available elsewhere! 😃

Feel free to share this post with others who may be interested and stay tuned for PART 2 where I will focus on younger resale flats and their median prices! 🙂

18/10/2022

Thanks to RISING interest rates 📈 and a RECORD number of million-dollar HDB flat transactions this year 😱, I believe that the recent cooling measures are much needed!

The introduction of a wait-out period 🚫 for private property owners to buy a HDB resale flat will surely help to bring overall demand down, but it remains to be seen if prices for 4-room or smaller flats will be pushed up as private property owners aged 55 and above 🧓🏻👵🏻 are still eligible to buy such flats WITHOUT any wait-out period.

Read on to find out what the latest cooling measures are and how they may affect you! Feel free to contact me if you have any questions and I will be happy to answer them accordingly 😌

Address

1 Kim Seng Promenade, Great World City, West Lobby, #17-10/12
Singapore
237994

Telephone

+6590461919

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