Tony Ong Ah Beng Property Services

16/02/2023

What's new for Housing Policies in Our Budget 2023 ?
Attached is a summary for you to have a quick look 🤗🤞👍

10/02/2023

strong demand in resale HDB flats

10/02/2023

en-bloc coming again ?

30/11/2022

My landlords are surprised that their HDB 2 bedrooms flats can rent out at such rental prices....
Rental Yield above 10% per annual based on current market prices.
👍😍👍😍👍😍👍😍👍😍👍😍

23/09/2022

🏡 COPEN GRAND EC 🏡
Located @ Tengah Garden Walk
⚠️ Latest Information Released‼️

🔹 12 blocks of 14 storey
🔹 639 Units
🔹 2+Study to 5 Bedrooms Layouts
🔹 807 - 1561 sqft

✅ Preview Dates: 7-17 Oct
✅ Price Release: 19 Oct
✅ Ballot Day: 21 Oct
✅ Booking Day: 22 Oct

⚠️ Secure your preview slot with me today‼️

Name of Buyer :
NRIC (last 4 char):
No. of Visitors:

Preferred Date:
Preferred Time:
Alternative Date & Time:
Buyer's contact:

Tony Ong
PropNex
CEA Reg No. P002998C
91083880

23/09/2022

Recent Property market updates

11/05/2022

Hey, have you heard about the latest implementation on ABSD for trust deeds?

I have created a short video clip to explain it clearly to you.

If you are intending to in the future or already about to do so… in short:

1) 35% ABSD applies for a purchase or transfer

2) You can apply for a refund within 6 months from date of ex*****on of the trust deed, if you do the following:

- Your beneficiary must be a person and with a valid birth certificate or identification.

- Make sure the beneficiary owns the property now and not in the future!

- Lastly, do not put in any conditions that can suggest that the beneficiary of the trust deed can be revoked or replaced.

Hope this clears your doubts on the changes! If you would like to seek further clarifications, feel free to chat with me today!

Tony Ong Ah Beng
Most Trusted Realtors
Kelvin Thong Division
PropNex Realty Pte Ltd

04/05/2022

Singapore property will remain strong ?

13/04/2022

Upcoming units at Keppel Club site will attract keen interest from home buyers:

“4-room BTO flat at Keppel Club site could cost $700k” – ST, Pg A7, Apr 13, 2022

“6,000 HDB flats to be built on Keppel Club site” -
“4-room BTO flats on Keppel Club site could cost over S$700,000, high demand expected: Analysts” – TODAY Online, Link, Apr 13, 2022

Analysts expect the upcoming public and private housing units on the site currently occupied by Keppel Club to prove a hit with home buyers, thanks to the prime location and the appeal of waterfront living.

According to real estate agency PropNex, the land parcels yielding some 3,000 private homes will be sold through the Government Land Sales Programme and could be done via a dual-envelope concept and price model. They could be launched for tender over the next 2 to 3 years, reckoned chief executive Ismail Gafoor, adding that the announcement of the fresh supply is unlikely to result in a correction in today's market since it will not be available in the near term.
PropNex estimated that private homes on the site could eventually be launched for sale at S$2,500-2,700 per square foot (psf) or higher, depending on market conditions at the time. However, Gafoor also cautioned that development costs could rise should developers have to use more complicated construction procedures, owing to environmental constraints and the need for ecological preservation. This in turn would have an impact on bid prices, and ultimately, selling prices.

Meanwhile, analysts expect the Prime Location Public Housing (PLH) model to apply to the future build-to-order HDB flats at the Keppel Club site, given the prime location and to alleviate the so-called "lottery effect". PropNex's head of research, Wong Siew Ying, said: "The supply of 6,000 new HDB flats that will be offered on the Keppel Club site is considered fairly sizable, but they would likely still sell out, given the overwhelming demand among Singaporeans for flats in prime locations." Wong added: "Flats here will likely have a high potential for capital appreciation and could see strong resale demand, after they exit the minimum occupation period."

23/02/2022

New Property Tax Calculation!
How much has your property tax increased 😀

18/02/2022

HDB launches second BTO project under prime location public housing model in Kallang/Whampoa.
The project under the PLH model - King George's Heights - comes with stricter buying and selling conditions.

398 units in King George’s Heights are subject to 6% clawback of resale price. . Read more at straitstimes.com.