By Joanne Poh, via moneysmart.sg
SINGAPORE — Pool together all your resources, buy a home, and become an overnight millionaire by selling it off years later—that is, in a nutshell, the Singaporean dream.
The promise of your flat funding your retirement is no doubt a key motivator to those who empty their CPF accounts and sign up for massive loans to buy a home.
That all sounds reasonable enough, until you realise that most residential property in Singapore is on a 99-year lease.
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.
By Dinesh Dayani, via dollarsandsense.sg
SINGAPORE — During a recent reservist In-Camp Training, I had meaningful conversations with my buddies. Over the years, 10 years in total, our conversations evolved from talking about furthering our studies and girlfriends to discussing our education and finding a job, and eventually to investing and starting a family.
One of my conversations with a close buddy was about investments. This was quite prevalent during this reservist because I’m writing for DollarsAndSense. What struck me when I spoke to him was that my friend believed that buying a 4D ticket from Singapore Pools was akin to making an investment.
By Lynnette Goh, via moneysmart.sg
Location, location, location. It’s no secret that Singaporeans prioritise convenience, especially when choosing the location of our home. I remember how I’d used to stare at HDB’s sales launch site for copious amounts of time, hoping my staring would somehow magically create new launches at central locations.
But with recent advancements in technology, should location always be a priority? Here’s why your property’s location may not matter as much in the future:
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):
By Chen Jingwen, via asiaone.com
Here’s a warning for buyers, sellers, landlords and tenants.
Don’t get sucked in by the tricks of unscrupulous property agents which have become rife in an overly competitive trade following the cooling of the market in recent years.
By Joanne Poh, via moneysmart.sg
Buying a home in Singapore is a complicated procedure. Unless you’ve got the dough for private property, you’re pretty much stuck playing by the HDB’s rules: get married or be over 35. For most people, that means when you can buy a home is something that has to be left up to fate.
But buying a home as early as you can does have its advantages, assuming you can find somebody who is willing to do so with you. Here’s why: