Singapore property: A Buyer’s Handbook
Welcome to www.SingaporeCondominiums.ForSale!
If you have arrived at this page, it would mean that you’re someone who is looking to purchase a Singapore property mainly for own stay, and with the possibility of seeing some capital gains for the purchase in years to come. In fact, you might have shortlisted a couple of condominiums or landed housing, but you’re feeling stuck because you do not know how to price your offer or you are clueless towards the prospect of the property realising capital gains for you as an investment in the future.
Well, you are not alone. Many people fall into this category. Also, there are many who think that they understand real estate investment but are actually amateurs! Fortunately, we’ve met our fair share of buyers who really do understand how they can buy a Singapore property as an investment. These are the buyers who work closely with good realtors so as to gain access to the latter’s arsenal of tools and skill-sets, which are uneasily gained over time and with much experience, to help them make an informed and strategic purchase.
There are some who take acquiring knowledge to the next level—they even go to the extent of taking the Real Estate Salesperson (RES) course to fully educate themselves in the full understanding of transacting in real estate sales. Many of our salespersons ended up in real estate sales simply because they were curious enough at one point in time. If you combine that with a passion to help others achieve what they want—you have the traits of a really great realtor!
After all, buying a Singapore property is probably going to be one of the most expensive purchases you will be making in your entire life. Unless, of course, you intend to buy more than one property, which is common today as more and more people are are getting financially literate and investment-savvy. We would even go the the extent of guessing that if you are looking at your first property, could it be that you have recently attended a investment-related seminar? So being new, you would want to make sure that everything goes smoothly. You would like to be informed and advised by professionals who are licensed by the Council for Estate Agencies (CEA) here in Singapore.
In Singapore, only salespersons licensed by CEA have the authority to represent a buyer or a seller in a real estate transaction. It is illegal for an unlicensed person to represent you in a real estate transaction in exchange for monetary compensation or commission. Furthermore, you are exposing yourself to fraud and the possibility of physical harm. Please ensure that you’re working with a licensed RES or contact us for all your real estate needs. All realtors working with SingaporeCondominiums.ForSale are licensed by CEA and will always show proof of identity when meeting up with our clients.
Do not risk your life or your money. Take precautionary measures or contact us to assist you.
What are the types of Real Estate choices available to you?
CONDOMINIUMS or apartments comprise the majority of medium to high density housing in Singapore, apart from HDB flats. In 2014, condominiums made up 13.5% of the properties in Singapore, inclusive of ECs. Common areas can include amenities such as resort-style pools, tennis courts, gyms and BBQ pits. Most condominiums have 24-hour security to ensure residents get to enjoy their entitled safety and privacy. Size can range from cozy to palatial and condominiums located near to an MRT station or an Integrated Transport Hub (ITH) are highly sought after for their demand and investment potential.
BUNGALOWS is a type of landed property and are completely standalone residences surrounded by a walled garden. They are in short supply in Singapore where land is scarce, and generally not located near MRT stations. Landed Housing makes up 5.8% of the Singapore property market in Singapore in 2014.
SEMI-DETACHED is a form of landed housing and is generally built in pairs with two mirror-imaged units sharing a common wall, with a small plot of land that usually includes a parking space. Semi-Ds can have deceptively spacious interiors.
TERRACE HOUSES, also called row houses or town houses, are built in a row of at least 3 and usually have identical floor plans. Typically only the ‘end terrace’ or ‘corner terrace’ has a garden. A shop house is a colonial era terrace house, which was built as a combination retail and residential space in the early part of the 20th century.
CLUSTER HOMES, a relatively new option in housing in Singapore, are smaller developments of detached or semi-detached homes that share a common area and amenities such as a swimming pool.
PUBLIC HOUSING or Housing Development Board (HDB) flats make up more than 80% of the residences in Singapore. It comes in variants of 3-room, 4-room, 5-room and Executive Apartments for purchase in the open market or direct from HDB at a subsidised rate. Buyers of HDB flats must meet the various eligibility schemes in order to qualify for purchase. HDB housing estates can cater to most your accommodation needs such as proximity to schools, amenities and public transportation.
EXECUTIVE CONDOMINIUMS (EC) are a type of housing in Singapore. First built in 1994, EC is a hybrid of public and private housing. They resemble private condominiums and are enclosed within a gated compound with security, amenities like swimming pools, clubhouses, playgrounds and so forth. The only difference is that purchasers need to meet the eligibility criteria in order to purchase it. Also, it is only 5 years of occupation of the unit that one may resell it to a purchaser who is either a Permanent Resident of Singapore or a citizen. Foreigners may only purchase an EC from the open market 10 years after the EC has received it’s Temporary Occupation Permit (TOP). Executive condos are increasing popular with younger Singaporean couples or families.
A popular condo in the city.
A popular cluster home in D10.
A Freehold cluster home in D28.
A popular Executive Condo in Woodlands.
How can SingaporeCondominiums.ForSale help you?
You could be looking at buying a Singapore property for own stay, buying a commercial office to house your own business in, or even to invest in a factory to start your manufacturing business. Chances are, you would have already read about the ten reasons why people invest in Singapore real estate.
How can we help you? Basically, if you’re looking to purchase a condominium in Singapore, you may check out any of our Top-Selling New Launches or contact us with the form below if the condominium you are looking at is not listed there. We are very selective of the condominiums we list on our website as we ensure that the list is kept current and relevant to your browsing experience. If the residential condo that you are interested in is not listed, all you have to do is to contact us and we will provide you the required information within 24h. Please check out the range of services we provide to you for working with www.Singaporecondominiums.ForSale in your property purchase.