HDB (Housing Development Board) is undergoing a transformative journey, driven by a vision to create a future-ready metropolis that caters to the diverse needs of its citizens. At the heart of this transformation lies a comprehensive overhaul of the current estate classification system as well as making some changes to how our new BTOs will be categorized effective from the second half of 2024. This...
There's hardly anyone who can claim not to have the desire to own his own house. Indeed, this is the most cherished dream of most people out there. And Singapore government is committed to making this dream more accessible for its residents. Yes, purchasing resale HDB can enable you to buy your very first home. But there are some things you must keep in mind. Although the process is fairly simple, there...
When the thought of buying your first property comes to your mind, either one of these applies to you: You and your partner are getting married and ready to purchase your first property You are single and is at least 35 years old The next question that pops up is: “Should I buy a HDB flat as my first property?” Or, is there any other option that you can explore? Before we move further,...
New cooling measures come very unexpectedly on 30 September 22 and it takes effect immediately. The main focus of the latest property cooling measures is meant to cool our current hot resale HDB market where we can see that the HDB resale prices are escalating with almost all transactions involving cash over valuation (COV). Not only that, the number of transactions on resale HDB with a million-dollar...
The Prime Location Public Housing (PLH) model was declared by the Ministry of National Development (MND) on October 27, 2021. Starting with the November 2021 Built-to-Order (BTO) launch, this new model will apply a set of requirements to new Housing & Development Board (HDB) BTO units to be built in privileged areas. Developed in central areas such as the city center and the Greater Southern...
Property market is still heating up despite our latest round of cooling measures on 16 December 2021. HDB resale price is moving up. Is it a good time to progress? It depends. Has your HDB reached MOP? Is your HDB making any decent profit after paying back to CPF and HDB? Before you rush to engage any real estate agent to sell your home, below are the 5 key factors that you should consider...
There is a famous saying in the stock market: “Those who know when to buy are amateurs but those who know when to sell are the true masters”. When it comes to preparing your home for sale, this is the adage you should go by.If you do not plan meticulously, just as in stock market, you will certainly fail to clinch a mouth-watering deal when selling your home, because in the day of move-in-ready homes,...
Selling Your Home: Do You Require a Real Estate Agent? The major consideration for every home seller is whether to go solo or appoint a real estate agent to oversee the sale. The recent escalation of services that help home sellers to complete their own real estate transactions have left everyone wondering, is using a real estate agent slowly becoming a relic of the bygone era? While undertaking...