Wednesday, 29 January 2020

Hong Leong sells 20 units at The Avenir on launch weekend Jan 11 to Jan 12 2020

[vc_row][vc_column][vc_single_image image=”12882″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]SINGAPORE – The Avenir, one of the first new project launches of 2020, sold 20 out of 40 units released over the weekend of Jan 11-12, according to Hong Leong Holdings in a release at 6pm on Sunday, Jan 12 according to Edge Property[/vc_column_text][vc_column_text]You may like : Only Clementi Condo for Sale in 2019 – Parc Clematis[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


The Avenir features about 290 apartments and 2 commercial units. Situated in the centre of district 9, The Avenir enjoys a strategic location that is close to a plethora of amenities. It is both close to Orchard Road shopping belt, the central business district and the future Great World City MRT station.


[/vc_column_text][vc_column_text]You may also like : Whistler Grand next to upcoming CBD[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]“Being the only luxury project launched in District 9 to date, The Avenir is highly anticipated and proves to be a compelling investment opportunity,” commented Betsy Chng, head of sales and marketing at Hong Leong Holdings. “More units are likely to be sold, pending telegraphic transfers of deposits and issuance of options,”[/vc_column_text][vc_column_text]Read more of The Avenir Condo at River Valley By Guocoland and Hong Leong[/vc_column_text][vc_video link=”https://youtu.be/N23rHGsPP5E”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]

Tuesday, 28 January 2020

Seven Quick Property Tips to Spot a Good Residential Investment Unit in Singapore


 

In this video, Singapore Property Advisors will talk about seven quick property tips to spot a good residential property unit in Singapore

Contact Us at http://bit.ly/WhatsappAlvinTaySingaporePropertyAdvisor

1 ; Follow other successful property investors

While it’s isn’t good for herd mentality, this is one move that’s always useful for beginners looking for an investment unit.

Look around for a veteran investor, whom you consider fairly successful – they don’t even need to be at the top of the property game, just more experienced and with a better track record than you.

Look in the same general areas that they do, and try to find out which properties they’re interested. Chances are, they know something that you don’t.

For New Launch, we sometimes see project that sell very well and some that don’t do well.

J Gateway launch in 2013 and all 738 units were snapped up at the development's preview launch and there must be reason why so many buyers came together to buy on the day itself.

2 , Check the vacancy rates

A lot of investors check rental yields in an area. That’s useful, but seasoned landlords are also careful to check vacancy rates when scouting for an investment property.

This is a more immediate indicator.

For example, if there are high vacancy rate in one area. It can be a good clue that things might not be as good, despite the usually high rental incomes associated with the area

For new launch which has no past track records, we usually base on nearby existing project as a gauge to its future potential rental

3 , look for schools in the vicinity and not just “elite” schools

You probably know that if you live near a particular primary school, your children are more likely to get in under the distance from home to school priority balloting

As such, there’s always good demand for homes near “elite” schools. But even if a school is not as famous, it still benefits the landlord.

The reason is that, if the family’s children attend the nearby school, they’re less likely to want to move. That results in longer leases.

4 , Look for the “ripple effect”

When one particular neighborhood upgrades, and the prices rise, there’s often a ripple effect in surrounding areas. If you can move early, and buy before the ripple hits, you could see some nice gains.

A simple way to do this is to compare transaction prices in one area, to those of surrounding estates. A common precursor to the ripple effect is when you spot a price disparity of five per cent or more, between one area and the neighborhood next to it.

For new launch, we take references from land purchase price. If your interested project land was sold cheaper than the next door land, that’s could potentially mean your properties purchase price will have a disparity in prices (Taken into account that developer profit margin remain the same)

5 Visit property auctions to snag a bargain price investment property

Do drop by during mortgagee sales. While there’s no guarantee you’ll always get a good price, you might find the occasional fire sale – this is when a property has become too costly for its owner, and they’re eager to sell it quickly.

If the reserve price is not met during the auction, remember to approach the sellers directly if you can. They may accede to a private deal with you.

6 Look for aging properties, in neighborhoods with slated upgrades

No, this is not about hoping for an en-bloc sale (although that possibility exists). It’s about rental yield. Remember, tenants don’t really care about how many years are left on the lease – all they care about is convenience and comfort.

This means that an older property – if it’s in the right location – could generate the same rental income as comparably newer properties.

Given that its price is lower due to age, you would effectively have a higher rental yield.

But you need to ensure that the price of maintenance or restoration isn’t too high. Also, you must be sure of its rentability, as it’s not easy to sell a property with an expiring lease.

7, Look for major infrastructure development

Prominent examples of this include the High Speed Rail (HSR) in Jurong, the Johor Baru-Singapore rapid transit system in Woodlands; lesser examples are the emergence of new MRT stations or roads. In general, property prices in Singapore are closely tied to the government’s infrastructure initiatives.

If you have intentions to enter the property market, you are welcome to contact Singapore Property Advisors to arrange for a detailed financial assessment and to discuss what options are possible for you.

Contact Us at http://bit.ly/WhatsappAlvinTaySingaporePropertyAdvisor

DISCLAIMER:

ALL INFORMATION PRESENTED IN THE VIDEO ARE BASED ON PERSONAL OPINIONS AND ALVINTAYSINGAPOREPROPERTYADVISOR IS NOT LIABLE FOR ANY LOSS OR EXPENSES WHATSOEVER RELATING TO INVESTMENT DECISIONS MADE BY THE AUDIENCE. THE IDEAS PRESENTED HERE ARE FOR REFERENCE AND EDUCATIONAL PURPOSE ONLY. ALL COPYRIGHTS RESERVED.

(Dated As of 2/1/2020)
__________

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Sunday, 26 January 2020

How to buy your next property without ABSD


 

In this video, I will talk about a few solutions on

How To Buy Your Next Property Without Additional Buyers’ Stamp Duty in Singapore

The key is the word “Your” which refers to your family as a whole which I will be discussing on maximizing each individual in your family to own a maximum 1 property without ABSD

There are generally 3 ways such that we can reduce or pay no ABSD on subsequent residential property purchases as a couple or family.

Number 1 , Decoupling

As a couple, if you own one property under both name, you can consider to remove one of your names from the existing properties such that the other person can buy another property as his or her first property.

There are some potential costs to be taken into consideration in decoupling:-

* the Transferor may be subject to Seller’s Stamp Duty on the share transferred if the Transferor purchased the property less than 3 years ago;

* ABSD is payable on the value of the share transferred if the Transferee has more than one property;

* if the decoupling transaction is done within the lock-in period for the bank loan, then the bank may charge a penalty;

* if the Transferor had initially used CPF funds in purchasing the property, the CPF funds and accrued interest have to be refunded into his CPF account. Usually, the Transferee would obtain a fresh loan to pay for the purchase of the share transferred in his favour. From the proceeds of the sale, the Transferor would refund his CPF monies, pay for his share of the outstanding bank loan and retain the balance. The fresh loan obtained by the Transferee should be in a quantum that is also sufficient to refinance the Transferee’s own share of outstanding bank loan; and

* the total legal costs will be about $5000 to $6000.

Number 2 ; Purchase Under Trust

Another way of not paying ABSD as a family, is to purchase the next property on trust for a beneficiary (Usually your children) with zero property count. If the beneficiary has zero property count, no ABSD is payable.

Buying under trust means one of the parents would appoint themselves as trustees who have legal ownership and control of the property.

As trustees, they have duties to manage and administer the property for the benefits of the beneficiary.

There are benefits to this arrangement.
* The property held on trust is shielded from division upon the divorce of the trustor. i.e. the person who establishes the trust. This means the property set aside in the trust for the child will never be subject to division on the trustor’s divorce. This protection cannot be secured by a will, which can be revoked any time.

* It is also shielded from division upon the divorce of the beneficiary. This is useful for those who wish to give their assets to a child with assurance that the gift will not be distributed to unintended third parties if the child eventually marries and divorces.

* The beneficiary may be a minor i.e. below 21 years of age. There is no restriction on the minimum age of the beneficiary.

* The trust need not to be registered and hence confidentiality may be maintained.

* This arrangement is inexpensive.

Legal costs is about $2,500 onwards depending on the terms of the trust.

Number 3, Plan ahead, buy in the right name and shareholding

Whenever it is financially viable, properties may be bought in sole names.

If this is not possible (for example, the banks require justification of higher income or the CPF monies of a co-purchaser is required for down payment or monthly instalment payment), then consider purchasing your property as tenants in common in the proportion of 99% to 1%.

In future, if the 1% owner wishes to buy a second/subsequent property, the decoupling cost for the 1% would be insignificant.

Meanwhile, being the 1% owner does not restrict the amount of the 1% owner’s CPF funds that can be used for the purchase. This means that the 1% owner can use his CPF funds in a sum exceeding his 1% share in the property.

If you have intentions to enter the property market, you are welcome to contact me to arrange for a detailed financial assessment and to discuss what options are possible for your family

DISCLAIMER:

ALL INFORMATION PRESENTED IN THE VIDEO ARE BASED ON PERSONAL OPINIONS AND ALVINTAYSINGAPOREPROPERTYADVISOR IS NOT LIABLE FOR ANY LOSS OR EXPENSES WHATSOEVER RELATING TO INVESTMENT DECISIONS MADE BY THE AUDIENCE. THE IDEAS PRESENTED HERE ARE FOR REFERENCE AND EDUCATIONAL PURPOSE ONLY. ALL COPYRIGHTS RESERVED.

(Dated As of 2/1/2020)
__________

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Wednesday, 8 January 2020

SG#06 West Singapore Property Market Updates (January 2020 Edition)


 

Singapore West Side Property Market Updates

(January Edition) ........
__________


RESALE TRANSACTION IN THE WEST
(Data from 99.co from 15th Nov – 14th Dec)


District 5 - Buona Vista / West Coast / Clementi (14 Sales)
District 21 - Clementi Park / Upper Bukit Timah (30 Sales)
District 22 - Boon Lay / Jurong / Tuas (9 Sales)
District 23 - Bukit Batok / Bukit Panjang / Choa Chu Kang (38 Sales)


District 5 - Average Price $1,195 PSF
District 21 - Average Price $1,304 PSF
District 22 - Average Price $1,078 PSF
District 23 - Average Price $927 PSF


The Cascadia (Freehold Development) at 921 Bukit Timah Road Singapore(589624) contribute 5 Sales in District 21 with average $1592 PSF. It was TOP around 2010 and is 0.48km away from King Albert Park Station.


1 Bedroom sold around S$900k
4 Bedroom sold around S$4.68M

-----------

New Launch Development in West

LeQuest
https://www.propertyfactsheet.com/properties/le-quest-mixed-development-condo-at-bukit-batok-ave-6/

Whistler Grand
https://www.propertyfactsheet.com/properties/whistler-grand-condo-west-coast-vale-singapore/

Parc Clematis
https://www.propertyfactsheet.com/properties/parc-clematis-at-jalan-lempeng-clementi-by-singhaiyi/

View@Kismis
https://www.propertyfactsheet.com/properties/view-at-kismis-upper-bukit-timah-area/

Kent Ridge Hill
https://www.propertyfactsheet.com/properties/kent-ridge-hill-residences-by-oxley-holdings-official-listing/

Midwood
https://www.propertyfactsheet.com/properties/the-midwood-condo-at-hillview-rise-by-hong-leong-holdings/

Mont Botanik
https://www.propertyfactsheet.com/properties/mont-botanik-residence-at-hillview-freehold-at-leasehold-price%e2%80%8e/

Dairy Farm Residences
https://www.propertyfactsheet.com/properties/dairy-farm-residences-by-uel-at-dairy-farm-road/

For 1 Bedroom entry Price
Whistler Grand S$698640
Parc Clematis S$810000
Kent ridge Hill S$877000
Midwood S$746000
Mayfair S$999000


For 2 Bedroom Entry Price
Whistler Grand S$868180
View @ Kismis S$976000
Dairy Farm Residences S$969309
Midwood S$985000
Parc Clematis S$1045000
Mont Botanik S$1157600
Kent ridge Hill S$1320000
Mayfair S$1417000


For 3 Bedroom Entry Price
Le Quest S$1276000
Whistler Grand S$1384160
Parc Clematis S$1317000
View @ Kismis S$1339000
Dairy Farm Residences S$1390653
Midwood S$1396000
Mont Botanik S$1635400
Kent ridge Hill S$1567000
Mayfair S$1953000


For 4 Bedroom Entry Price
Le Quest S$1727000
Whistler Grand S$1658340
Parc Clematis S$1968000
Dairy Farm Residences S$1889811
Midwood S$1936000
Kent ridge Hill S$2611000
Mayfair S$2539000


For 5 Bedroom Entry Price
Whistler Grand S$1855050
Parc Clematis S$2608000
View@Kismis S$1978000
Kent ridge Hill S$2889000


__________

DISCLAIMER:

ALL INFORMATION PRESENTED IN THE VIDEO ARE BASED ON PERSONAL OPINIONS AND ALVINTAYSINGAPOREPROPERTYADVISOR IS NOT LIABLE FOR ANY LOSS OR EXPENSES WHATSOEVER
RELATING TO INVESTMENT DECISIONS MADE BY THE AUDIENCE. THE IDEAS PRESENTED HERE ARE FOR
REFERENCE AND EDUCATIONAL PURPOSE ONLY. ALL COPYRIGHTS RESERVED.

__________

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Saturday, 21 December 2019

Piermont Grand Executive Condo by CDL sells 375 of its 820 units during their Launch

[vc_row][vc_column][vc_single_image image=”12815″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]SINGAPORE – Piermont Grand EC by CDL the only Executive Condo that launched in 2019 – sold 375 units of a total 820 apartments at an average price of $1,080 per sq ft (psf) during their Public Launch[/vc_column_text][vc_column_text]You may like : Only Clementi Condo for Sale in 2019 – Parc Clematis[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


Piermont Grand Executive Condominium comes as a rare opportunity for buyers who are looking for a EC unit in the North East area as all EC units are presently taken up. A unique and serene lifestyle awaits you at Punggol Piermont Grand. The Sumang Walk EC will be located near to JTC Business Park in Punggol as well as The 5th University – Singapore Institute of Technology. There will be also a new MRT Station called Punggol Coast MRT Station which will reduce traveling time to any part of Singapore by 15 min.


[/vc_column_text][vc_column_text]You may also like : Whistler Grand next to upcoming CBD[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


Chia Ngiang Hong General Manager of CDL said: “We are very pleased with the strong take-up for Piermont Grand, which reflects its exceptional attributes. Located right next to two LRT stations and near Punggol MRT station, Piermont Grand is a new EC that is indeed hard to come by. Buyers are also attracted to the project as it is a landmark waterfront residence providing scenic views and luxurious comforts.


[/vc_column_text][vc_column_text]Read more of Piermont Grand By CDL at Sumang Walk[/vc_column_text][vc_video link=”https://youtu.be/hFIA0ij_YQw”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]

Wednesday, 18 December 2019

The Hyde at Balmoral launching Soon

[vc_row][vc_column][vc_single_image image=”12766″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]The Hyde is a Freehold condominium located in the prestigious residential area District 10, located at 11 Balmoral Road. The Hyde is located near Newton MRT which provides easy access to the North-South MRT line and the Downtown line. It is also just an one-MRT stop away or just a few minutes’ drive from the Orchard Shopping Belt, making The Hyde’s location more valuable.[/vc_column_text][vc_column_text]You may like : Only Clementi Condo for Sale in 2019 – Parc Clematis[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


As the saying goes, health is wealth. The Hyde is near Novena Medical Hub which provides one of the best health care facilities in Singapore. The Hyde’s premium location will be extremely crucial and important if there is an emergency. The Hyde is also surrounded by many elite schools which are just a stone throws away from Raffles Girls’ School, Singapore Chinese Girls’ School. Other than that, Lasalle College of the Arts and ACS Junior School are also in the vicinity.


[/vc_column_text][vc_column_text]You may also like : Whistler Grand next to upcoming CBD[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


It will be launching Soon.


[/vc_column_text][vc_column_text]Read more of The Hyde at Balmoral Road[/vc_column_text][vc_video link=”https://youtu.be/zoi2urIP19Q”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]

Friday, 6 December 2019

Neu at Novena sees huge take up rate of 51% of units on launch day

[vc_row][vc_column][vc_single_image image=”12711″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]Neu @ Novena is a rare freehold development right in the heart of District 11 of Newton, living within proximity to the rich and elites. Neu at Novena is designed only for the most discerning home owners who wants to have a perfect home filled with unforgettable and sweet memories from the moment you return home. The Pullman name itself is a attestment to its quality build and design, a “Work Hard, Play Hard” theme. The residents can enjoy a full condominium facilities from the 50-meter lap pool, dip pool pods, sky decks, Jacuzzi, Spa, tennis court and a full suite concierge.[/vc_column_text][vc_column_text]You may like : Only Clementi Condo for Sale in 2019 – Parc Clematis[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


On Oct 19, the first day of sales at NEU at Novena, 44 units were taken up. This means that 51% of the 87 units within the boutique, 17-storey development at Moulmein Rise has been sold. Units sold are said to range from $2,450 to $2,850 psf


[/vc_column_text][vc_column_text]You may also like : Whistler Grand next to upcoming CBD[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]


The project is developed jointly by Roxy-Pacific, Macly Group and construction company, Lim Wen Heng Holdings.


[/vc_column_text][vc_column_text]Read more of Neu at novena, Freehold at Moulmein Rise[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=tQTbeP5Quvw&feature=emb_logo”][vc_column_text]Read Also : Latest Updated New Launch in the WEST [/vc_column_text][/vc_column][/vc_row]