Eddylimsgproperty

18/02/2025

Having visited Asia Gardens which benefitted from en bloc, the new Orie seems to fit the scenario like a glove.
With both enjoying prime locations, one can only expect that the Orie will be very profitable in the coming years.

18/02/2025

Lower mortgage rates at The Orie (Toa Payoh) and Bagnall Haus (Upper East Coast Road) spurred a sharp increase in new private home sales in Jan 2025. Excluding ECs, new home sales increased to 1083 units from just 203 units in Dec 2024.
The 2 projects accounted for 755 units of overall new home sales, with no new EC units launched in Jan.
Was at One Bernam showflat with TOP approaching, the monthly media price fell to $2521 psf in Jan, down from $2803psf in Dec.

2 new launches - ELTA (Clementi) and Parktown Residence (Tampines), are expected to do well in Feb 2025. Over 4500 visitors turned up at ELTA's preview, and over 10k visitors at Parktown in the 1st 3 days of the public previews.

Liquidity is driving strong new condo sales, making new condo ownership difficult for high income earners Read more at The Business Times.

22/01/2025

Empowering daily experiences by leveraging technology and innovation to drive positive change

28/11/2024

Nice picks for upgrades.

19/10/2024

Finally available to attend a powerhouse day at the ERA Preeminent Group Social Media Summit Season 2!! A huge thank you to the dynamic keynote speakers, , , , and , for unveiling their game-changing strategies that inspired and empowered us to new heights. Special thanks to the incredible organizing committee for making this summit a massive success! 💥💥💥

10/10/2024

knight Frank office at the orion

12/07/2024

Thinking about buying property with someone? There's been some talk about "99-to-1" and "100-to-1" ownership structures, but things can get confusing.

Find out more: https://www.era.com.sg/99-to-1-shareholding-legit-arrangement-or-illegal-absd-loophole-experts-explain/ 👨‍⚖

Let's chat and discuss!

With IRAS's crackdown on 99-to-1 schemes, this has raised questions about property holding. We spoke to two experts to learn more!

05/06/2024

Thrilled to Announce: I'm Now a Meta Certified Media Measurement Specialist!

I'm excited to share that I've officially earned my Meta Certified Media Measurement Specialist credential! This program has equipped me with the skills to:

Interpret data and translate it into actionable insights.
Design and implement effective measurement strategies.
Optimize campaigns for maximum impact.

This certification allows me to help businesses understand how their campaigns are performing on the Meta platforms (Facebook, Instagram, etc.) and make data-driven decisions to achieve their marketing goals.

If you're looking to improve your advertising results, feel free to reach out! I'd be happy to discuss your specific needs and how I can help.

04/11/2023

Nice summary of new condo launches now.

07/05/2023

An amazing 26.7% units sold out.

The Continuum sees 216 units sold on the first weekend of launch, with two- and three-bedroom units being the most sought-after among homebuyers

27/04/2023

Useful table for new RES exam takers.
The goal posts keep changing until the taxes no longer deter intentional buyers from profiting in this asset class.

02/04/2023

CEASE all "99-1" Arrangements Immediately

IRAS has launched an audit of property investors who have used a "99-to-1" sales contract to try to avoid paying the additional buyer's stamp duty (ABSD).

This arrangement involves buyers purchasing a property and thereafter selling just 1 per cent of the same property to a third party (for eg, a relative) who owns other residential units.

This allows the third party to become co-owners and co-applicants for bank loans without being involved in the main purchases.

In such cases, the third party then pays ABSD on the 1% share of the property.

IRAS is sending letters to some first-time buyers of private real estate to demand an explanation for signing such agreements.

The audit is reportedly for transactions that took place in 2021, BUT the investigation is likely to target ALL cases involving such agreements, as there is no time bar for such probes.

IRAS has stated that it will disregard or vary any tax avoidance arrangement, claw back the rightful amount of stamp duty, and impose a 50 per cent surcharge in such cases. Further penalties of up to four times the outstanding amount may also be imposed if the stamp duty and surcharge are not paid within the time-lines imposed.

This is because the additional buyer’s stamp duty does not apply to first-time buyers and so they can choose to hold their property in any manner. Read more at straitstimes.com.