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Residential Luxury home markets hit by cooling measures According to JLL, the average capital values for luxury homes fell by 0.6% in Q1 as a result of cooling measures such as a higher ABSD and a tighter LTV ratio. This is compounded by the slower slower population and economic growth. Similarly, a CBRE report stated [...]
It is important to know what you can and cannot do when your Tenant is not able to pay the rental on time. First of all, convince your Tenant to use GIRO (General Interbank Recurring Order) or a Standing Order with the bank to transfer the rental payment to your bank account monthly. You can [...]
By Gerald Tay (guest contributor) The success of my overseas property investments in the last three years is due to co-investing with trustworthy foreign partners, whom themselves have decades of property investment experience in that particular country both as a local and investor. I have never bought an overseas investment property from property seminars or [...]
In this week’s issue: The Truth About Buying a USA Investment Property Property Renting Tip #8: Late Payment from Your Tenant Singapore Property News This Week Resale Property Transactions (May 1 – May 7) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 104 by Propwise.sg
Residential Freehold Yi Mei Garden at Tampines Road site up in collective sale market The 78,030.38 sq ft site located at Tampines Road near the Kovan MRT and Heartland Mall is asking for $132-135 million or $805-810 psf ppr including a$4 million development charge. It has a 2.1 GPR and can be potentially redeveloped into [...]
It is common to have a one to two year lease period in Singapore, typically two years if it is a comfortable duration for both the Landlord and Tenant.In the event you want to have a longer lease term but are not sure if you want to keep the same rental rate, you can have [...]
By Property Soul (guest contributor) Recently I got a shocking message from my sister: A strong fire broke out in our hometown in the estate where my mother stays.It was built around 15 years ago – a five-block residential development and each block comes with 21 storeys. It is also a mixed development with one [...]
In this week’s issue: Hidden Dangers in Mixed Development and Mature Estates Property Renting Tip #7: Lease Period Singapore Property News This Week Resale Property Transactions (April 24 – April 30) Happy reading! To wisdom and beyond, Singapore Property Weekly Issue 103 by Propwise.sg
Residential March sees 0.9% increase in non-landed private home prices According to NUS’s overall Singapore Residential Price Index (SRPI), the prices of completed non-landed private homes excluding ECs saw a 0.9% rise in March, compared to a 1.2% fall in February. This was largely due to the Central Region sub-index (excluding small units), which saw [...]
(Reference:www.ica.gov.sg, www.mom.gov.sg) The Immigration Act declares that it is an offence for any person to harbor illegal immigrants. Do your due diligence to ascertain that your Tenants hold a valid permit or passto let them stay in Singapore. The Act sets out the threefold test of due diligence: The defendant has required the person to [...]
