Singapore’s Property Market: Is 2018 The Right Time To Start Investing In Private Properties Again?

Investing in Singapore’s property market doesn’t necessarily mean you have to own a condominium unit. (via dollarsandsense.sg)

By Timothy Ho, via dollarsandsense.sg

SINGAPORE — URA reported that the private residential property index for 3Q2017 have increased by 0.5 per cent. This is the first time an increase has been seen, after 15 straight quarters, or close to four years, of decline.

Having endured a lacklustre market for four years, there is finally good news for property experts and real estate developers to get excited about. But should you, as a retail investor, be looking to jump back in to the market now that sentiments are slowly starting to pick up?

Of course, this is the million-dollar question on everyone’s mind. Should we buy a private property now in the hopes that we can strike it rich when the market takes off, or do we risk missing out on the cycle?

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Shorter, streamlined process for HDB resale transactions from next year

The new HDB Resale Portal to be launched next year aims to shorten the resale transaction process by up to eight weeks, down from the current 16 weeks.

SINGAPORE: The Housing and Development Board (HDB) will launch a new resale portal to reduce the transaction time for buying and selling HDB flats, it announced on Thursday (Oct 19).

The HDB Resale Portal will be launched in January next year to process new resale applications. It aims to cut the time taken to complete a resale transaction by up to half the 16 weeks currently required.

Minister for National Development Lawrence Wong had earlier announced in this year’s Committee of Supply debate that his ministry will leverage technology to streamline the transaction process for resale flats.

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4 Promises By Overseas Property Developers That Should Make You Wary

By Sim Kang Heong, via dollarsandsense.sg

It seems like every other week that one sees advertisements for overseas property investments “opportunities”. Once in a while, we see news reports of yet another overseas project flopping.

While legitimate overseas investment opportunities exist, shady or extremely risky ones are also out there, and the savvy investor would think long and hard before sending their hard-earned money abroad.

Here are 4 common “promises” that make appearances in marketing collateral and uttered during talks, that you should think twice about.

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En Bloc Sales: How Much Do Private Property Home Owners Stand to Gain?

By Joanne Poh, via moneysmart.sg

SINGAPORE — Many Singaporean property owners think of en bloc sales as 4D or Toto, but with better odds.

But the reality is a little different, if you understand how en bloc sales work. Basically, you are getting paid to vacate your property. That means that, unless you have somewhere else to live, you will have to use that cash to buy another home.

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4 Things You Didn’t Know About Property Valuations in Singapore

By Lynette Goh, via moneysmart.sg

In a perfect world, I’d be buying homes for a dollar and selling them off at a million each. But hey, this isn’t the land of make believe. We have property valuations to prevent people from overpricing their homes, and to prevent us from becoming the schmucks that buy those. Here’s 4 things you didn’t know about property valuations (or at least, I didn’t):

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HDB resale transactions jump 32.5% in Q2, despite prices remaining flat

SINGAPORE — The resale market for Housing and Development Board (HDB) flats saw a jump in the number of transactions last quarter, despite prices remaining mostly unchanged, according to figures released by HDB on Friday (Jul 28).

Resale transactions rose 32.5 per cent in the April to June period, rising from 4,530 to 6,001 transactions. Prices fell by just 0.1 per cent, with the Resale Price Index inching down from 133.9 to 133.7 in the second quarter.

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