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ULTIMATE GUIDE TO PURCHASE A PROPERTY IN SINGAPORE

Buying and selling property is a standard business in Singapore. Average people in this Singapore usually buy property once in their life. The prices of properties in Singapore always talking to the sky. Because Singapore is a kind of hub of expensive property. For this type of business dealing, you must have to need a consultancy of someone who is an expert in this field.<br>www.sgluxurycondo.com

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ULTIMATE GUIDE TO PURCHASE A PROPERTY IN SINGAPORE

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  1. ULTIMATE GUIDE TO PURCHASE A PROPERTY IN SINGAPORE www.sgluxurycondo.com

  2. ABOUT US SG Luxury Condo is a real estate consultancy agency Founded by James Lim who is a TOP agent in Singapore Luxury Real Estate. We provide consultancy services and bespoke solutions to your buying, selling, investing and renting of Singapore luxury condominiums. We manage personal financial advisory services and property portfolios connecting you to the best properties in Singapore.

  3. INTRODUCTION Buying property is not like a small task in your life. It is something big that can change your life tremendously. Like other people, we make dream to buy our own home or property. Dreaming is a good thing, but what if your idea comes true? Will you take any small ridiculous step to lose your dream? No. you are NOT. You are even able to lose your car, mobile, bike, or such stuff, but it is not bare-able to lose in the financial figure. Sometimes, we make a single mistake that makes us not able to return our wealth. Of course, not legally. This could make your life worse after that. There are so many things that we can buy and sell randomly and repeatedly, but the property is not like going shopping to buy candy and come back. Your money is your asset, and like average people, you almost gave yourself half of your life to earn it. You do not want to take any risk to waste your money in just a single moment of your life because you know that your one big deal can make you make your life from heaven to hell. Buying and selling property is a standard business in Singapore. Average people in this Singapore usually buy property once in their life. The prices of properties in Singapore always talking to the sky. Because Singapore is a kind of hub of expensive property. For this type of business dealing, you must have to need a consultancy of someone who is an expert in this field. Nevertheless, given that private property speaks to such a sizeable interest in your portfolio, you will unquestionably need to get your work done heretofore. Therefore, if you are looking to buy property in Singapore or you need any consultancy to buy any property, then I would like to congratulate you because you landed on the exact website. That is the reason for helping you determine whether your pay is sufficient to purchase an apartment suite to experience the down payment required, I would like to guide you on how to buy your desired property in Singapore. Before we discuss the core step of how to buy property in Singapore, you need to look at two basic questions that will help you more to make some understanding between new and old property and condominiums.

  4. WHAT ARE RESALE PROPERTY AND CONDOMINIUMS? Resale property or condominium is a private unit, home, or land that has already in someone's ownership and the owner of that property is willing to sell it in the market open market legally. Reselling a condominium is usually more than 50 years of freehold occupancy with many facilities like a swimming pool, sports, or gym.

  5. NEW VERSUS RESALE CONDOMINIUM Buying a home flat or condo usually falls into two parts. 1. Purchasing a unit with completed modern development. (Usually, this kind of group might be unsold by directly from the developer or builder). 2. Purchasing a unit with incomplete development (Such as a newly constructed launch that is directly bought from the developer or builder). There is a different types of facts that make you drill into each other. Suppose you are willing to wait for more than 3 to 4 years for your home, or condominium to be constructed, or you want to buy a unit that already has been built. The primary motive to discuss this example is the payment schedule for both types of purchasing. These are typically different from each other.

  6. ADVANTAGES OF RESALE PROPERTY The two most significant benefit of buying a resale home or property in the market is you do not need to wait for the property to be constructed and you get to give an offer of the property, aka room for negotiation. For example, investors may buy homes, or condominiums when the market was at its peak. However, after some time, these investors are not able to hold those properties and sell at scraping rates. Therefore, this can be a significant advantage to buy a resale property from the market. Many buyers usually offer to discount when they are able to sell their apartments as if a buyer bought a property for $2000 per square foot 3 years ago. Now builders selling the same in the same area at $3000 per square foot. With this excellent opportunity, the seller will sell that property at a $500 concession as compared to builder rates. This will make him prior to developers for buyers. Ready to move in the choice is readily available in the resale market at any time. WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF PURCHASING RESALE PROPERTY? ADVANTAGES OF RESALE PROPERTY The two disadvantages of a resale property are: 1. There is no warranty. We call it what you see is what you get. After the purchase, you cannot go after the former owner for damages, leakages or problems with the unit. One of the biggest problems and disagreements that are always encountered are water damage, mould, air- conditioner issues and condo management problems. These can sometimes be issues that ex- owners know and want to avoid, hence selling the property cheap or even deciding to sell the property fast. 2. It is statistically proven that resale properties, due to their lease, although have a cheaper price over the long term will earn less profit than newly developed properties. This is due to the fact of Singapore has a Seller Stamp Duty fee (SSD), hence minimum holding period before selling a property is 3 years. Moreover, people like brand-new properties and hence people are willing to pay more for a brand-new constructed property than a resale property which leads to higher demand. Meanwhile, many people usually prefer to purchase property, units, and homes from the primary market, and the resale market is the second choice they mostly explore after. Whereas the construction-relevant issues, risks in resale homes are less to our financial burden but some other, risk factors are more significant than benefits. Here are some fundamental steps that you need to take in sequence to purchase a property anywhere in Singapore.

  7. CONTACT US PHONE +65 9138 5008 WEBSITE www.sgluxurycondo.com EMAIL enquiry@sgluxurycondo.com ADDRESS Singapore

  8. THANK YOU w w w . s g l u x u r y c o n d o . c o m

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