By Kate Burt, via houzz.com.sg
While a complete renovation may not be cost-effective (and, besides, people often like to put their own stamp on a place), there are a number of things you can address to give potential buyers a good feeling about your washspace.
Read on to see if there are any changes you can make to your bathroom to get the offers flowing in. Or hit the ‘Save’ button above to bookmark this handy guide for future reference.
By Kalpana Rashiwala, via businesstimes.com.sg
It is in the collective consciousness of Singaporeans that owning property is a big part of being – and getting – rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg. Veteran property consultant Tan Tiong Cheng, president of Knight Frank Asia Pacific, recalls that in the early 1970s, one could buy a freehold terrace house in the Siglap area for about S$25,000 to S$30,000; today you’d pay S$2.7 million to S$3 million for one. Similarly, a semi-detached house in the vicinity would have cost in the ballpark of S$35,000 to S$40,000 back then; today’s prices are S$4 million to S$4.5 million. “So in both cases, prices today are about 100 times what they were nearly five decades ago,” he said.
By Joanne Poh, via moneysmart.sg
There’s been a lot of talk lately about whether Housing Development Board (HDB) flat owners really own their flats, or whether they’re just tenants on a 99-year lease.
We can argue about this until the cows come home, but deep down, what Singaporeans really care about is whether there is money to be made out of that HDB flat.
For older flats, (right now, that generally means those with 50 years or less left), be prepared to see a huge drop in value once they start creeping towards the tail end of their leases. For instance, there will be no point to get a resale HDB flat if there are only 35 years left on the lease.
Once the resale value of a flat begins to fall, it’s time to start praying that it will be selected for the SERS, or that you and your neighbours can band together to get it redeveloped under the newly-announced VERS.
So you’d like to start anew with a very nice home. The problem is, home renovation can burn a large hole in your pocket. But there are ways where you can slash down the cost while still getting your dream home. Here are some home makeover hacks which you can work within your budget.
By Clara Lim, via moneysmart.sg
Is it just me or did this year’s National Day Rally feel like a rundown of recent movie blockbusters? “From the creators of SERS, HIP, Pioneer Generation and CHAS, we now have VERS, HIP II, Merdeka Generation and CHAS: The Sequel.”
Here’s a list of the government’s latest reboots, remakes and sequels that PM Lee Hsien Loong announced during the National Day Rally 2018:
By Eugenia Liew (via moneysmart.sg)
Singapore — BTO shopping? You’re in luck. The August 2018 HDB BTO launch is coming and they’re in 2 of Singapore’s favourite estates – Punggol and Yishun! What a tough choice, eh? Should you go for Yishun (homeland of siao langs) or Punggol (number one killer of friendships in Singapore)?
On the face of it, the two BTO developments might not seem that different. Both are in non-mature estates and quite far from town, and prices should be about the same. But when it comes to actually buying a home and living there… things are a bit different.
Let’s deep dive into the upcoming BTO launches in two of Singapore’s dream districts.
New property cooling measures were recently announced, and boy, did it send Singaporeans into a frenzy as everyone rushed to buy condo units the night before they kicked in. So… what are these property cooling measures and why did everyone freak out about them?
Here are 10 biggest questions on everyone’s minds, and our answers (to the best of our abilities, anyway).