Sim Kok Hin - Asset Progression Consultant

14/01/2022

Sol Acres Unit for sale!

RARE less than 4-years old Executive Condo for Sale!!! Special permission granted by HDB to sell within MOP!!! (Buyers must qualify for EC, but only need to serve remaining MOP)

✅ 1+study unit that feels more like a 2-bedder!

✅ Fully renovated study room that comes with bed, HUGE Wardrobe and study table!

✅ Very bright and airy unit!

✅ North-South Orientation without any west sun! (Main door South facing, with slight West elements)

✅ Near to lots of amenities and transportation!
+ 1 min walk to bus stop (with 5 bus services, around 4 stops to Choa Chu Kang MRT Station)
+ 2 min walk to 24-hrs supermarket and many other shops
+ 3 min walk to Macdonald's and coffeeshop
+ 4 min walk to LRT station (2 stops to Choa Chu Kang MRT, 3 stops to Bukit Panjang MRT)
+ 5 min walk to Teck Whye market
+ 6 min walk to Choa Chu Kang Market

✅ WITHIN 1KM TO:
- SOUTH VIEW PRIMARY
- TECK WHYE PRIMARY
- CHUA CHU KANG PRIMARY

✅ WITHIN 1KM to 2KM TO:
- BUKIT PANJANG PRIMARY
- CONCORD PRIMARY
- DAZHONG PRIMARY
- KRANJI PRIMARY
- ST. ANTHONY'S PRIMARY
- WEST VIEW PRIMARY
- ZHENGHUA PRIMARY SCHOOL

Click on the link below to send a WhatsApp enquiry!
https://chatwith.io/s/61e12a981aada

11/01/2022

Many people would assume that upon selling their property, they should have sufficient proceeds to fully refund their CPF and even get a huge sum of cash. This is especially for those who have fully paid off their properties years ago.

Unfortunately, this is not always the case. 😅

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Straitstimes 10 Jan 2022:

More people couldn't fully repay CPF after selling property in 2020, but none required to top up in cash

https://www.straitstimes.com/singapore/housing/more-people-didnt-fully-repay-cpf-after-selling-property-in-2020-but-none-required-to-top-up-in-cash

08/11/2020

Finally! The media reports about this!!!

So many friends and clients keep asking me about those “get rich quick through property seminars”, or those “own a property with no cash seminars”. Recently, they have been rampantly advertising everywhere on FB, YouTube, Instagram, etc.

Do spend some time reading up these articles published in today’s Straitstimes to understand more.

Property investment is a Long term commitment, and should be carefully and thoroughly planned. It’s not meant to be a “get rich quick scheme”!

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The Straitstimes 8 Nov 2020

Scare tactics to lure property investors come under fire
https://www.straitstimes.com/business/invest/irresponsible-tactics-to-lure-property-investors-come-under-fire-from-authorities

Buy properties with little cash? It's too good to be true
https://www.straitstimes.com/business/invest/buy-properties-with-little-cash-its-too-good-to-be-true

16/10/2020

Another interesting fact, that despite the current economy and new home prices, new home sales hit a more than 2-year high.

Some are still waiting on the fence, while many others took action. What makes those who took action, took action? 🤔

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The Straitstimes 16 Oct 2020:

New private home sales hit a more than 2-year high amid recession

https://www.straitstimes.com/business/property/new-private-home-sales-hit-a-more-than-2-year-high-amid-recession?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-10-16%2011%3A10%3A45

17/09/2020

The Straitstimes 15 September 2020:
“Hungry ghosts, recession no match for Singapore buyers as new home sales hit 11-month high”

So........ Straitstimes is trying to say Singapore home buyers more scary than Hungry ghosts and recession???
😂😂😂😂😂😂😂

https://www.straitstimes.com/business/property/hungry-ghosts-no-match-for-singapore-buyers-as-new-home-sales-hit-11-month-high?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-09-17%2011%3A09%3A23

16/07/2020

Monthly high of record sales in the past 7 years! 998 units of new launches sold in June 2020!

Despite the recession and extremely bad economy, Private property new launches sales remains strong.

Many of the transactions sold by me were by clients who bought the property for investment purposes. Even for those who bought for ownstay, they don’t intend to stay for Long, but to flip the property once the price is right.

Is it a right time to enter the market right now? Why are so many people still buying despite such a bad economy? 🤔

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The Straitstimes 16 July 2020:
New private home sales post surprise rebound
https://www.straitstimes.com/business/property/new-private-home-sales-post-surprise-rebound?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-07-16%2013%3A07%3A36

11/06/2020

75% surge for new private home sales in May 2020!!!

Despite all the showflats being shut, 484 units were sold in May 2020! I personally transacted 8 units of new launches since Circuit Breaker, and none of the buyers stepped into the showflat before! And some buyers were buying it for ownstay!

What are the factors that made the buyers buy in such times? And why some projects are able to achieve a much better sales as compared to Jan to Mar 2020? 🤔

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Straitstimes 10 June 2020:
Singapore new private home sales surged 75% in May over April's low despite circuit breaker: Knight Frank

https://www.straitstimes.com/business/property/singapore-new-private-home-sales-went-up-813-in-may-over-april-knight-frank?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-06-11%2012%3A06%3A16

10/06/2020

Fire sales!!!!

That’s what many buyers are expecting! That there will be tonnes of fire sales happening, due to the Covid19.

Resale volume in May 2020 plunged a further staggering 43% (as compared to April 2020). BUT prices increased by 0.1%, instead of plunging???

Today, one of the developer increased their prices by an average of 2% to 3%, for most of their unsold units.

What’s the logic behind this? And how will the market move forward from here? 🤔

01/04/2020

“If there’s a sudden massive economy downturn and I cannot afford to pay my mortgage, how?”

I have heard of such concerns from clients previously, and I don’t have any answers for them. But I’m Glad with the current unprecedented crisis, the government responded swiftly to tackle such issues.

While many buyers are upset with the Total Debt Servicing Ratio (TDSR), which limits the loan amount of home buyers, I’m thankful for this measure, with the benefit of hindsight. Without the stringent TDSR, I’m certain many home owners will be forced to sell away their property in a fire sale manner.

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The Straits Times 1 April 2020:
Coronavirus: MAS lets people defer home loans, insurance outlays

In a bid to reduce the financial strain from Covid-19 outbreak, individuals can apply to their banks and insurers to defer payment of property loans and premium payments for life and health insurance plans.. Read more at straitstimes.com.

17/03/2020

Virus at pandemic level (announced by WHO), coupled with Oil price war, sounds like a perfect storm for a power-packed economy crisis.

BUT new home sales went up by 114% in Feb? Why leh??? 🤔

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The Straits Times 17 March 2020

New home sales up 114% in Feb, amid virus outbreak

https://www.straitstimes.com/business/property/new-home-sales-up-114-in-feb-amid-virus-outbreak?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-03-17%2011%3A03%3A33

12/03/2020

Should you buy property during a crisis? Or after the crisis? 🤔

For several weeks, the coronavirus has brought Hong Kong to a virtual standstill, keeping shoppers, office workers and even pro-democracy protesters off the streets. "I feel prices will go up again and it's better not to wait," said 60 year-old Chan, who subscribed for a two-bedroom for