Singapore’s housing scene won’t keep climbing forever, according to National Development Minister Desmond Lee. In a chat with The Straits Times and Chinese daily Lianhe Zaobao on Dec 28, he mentioned that there are signs of a slowdown in both public and private housing markets. Lee also pointed out that mortgage rates are expected to stay on the higher side, impacting both potential buyers and existing homeowners. In light of the uncertain economic outlook for 2024, Singaporeans are approaching housing decisions with caution, considering global tensions and slower growth in major economies. D ..read more

Singapore Property Market 2023: Summary Throughout the initial three quarters of 2023, the residential property landscape in Singapore demonstrated a trend toward a more measured demand for both private and public housing. Concurrently, the previously fervent rental market, which experienced a robust start to the year, showed signs of stabilisation. The private residential property sector experienced a deceleration in sales activity, attributed in part to the implementation of property cooling measures, sustained elevated interest rates, and lingering economic uncertainties. Similar moderation ..read more

Investing in real estate has long been considered a lucrative avenue for wealth creation. With the right strategies and tools, you can become a pro property investor, and one invaluable resource that can help you achieve this is the Urban Redevelopment Authority’s (URA) REALIS database. In this article, we’ll explore how you can harness the power of REALIS to make informed decisions, identify opportunities, and excel in the competitive world of property investment. Understanding REALIS URA’s REALIS (Real Estate Information System) is a comprehensive and user-friendly online platform that prov ..read more

The Minimum Occupation Period (MOP) is a pivotal concept in the realm of homeownership. It refers to the mandatory duration that homeowners are required to reside in their Build-To-Order (BTO) flats before they can consider certain housing-related decisions, such as selling or renting out the property. Typically lasting five years, MOP serves as a commitment to fostering community bonds and maintaining the stability of the housing market. As you’ve now reached the end of this period, you’ve earned the freedom to explore new opportunities and harness the full potential of your property. 1. Fin ..read more

Ah, the empty nest stage, it’s both a challenge and an exciting opportunity! Your empty flat can actually open up a world of possibilities. Here’s the scoop: 1. Transform it into Your Dream Haven: This is your chance to redecorate and design your space exactly the way you want it. Create that cozy reading nook you always dreamed of or turn that spare bedroom into a crafting paradise. 2. Consider Downsizing: Downsizing can be liberating! It’s an excellent time to explore a more manageable living space that suits your current lifestyle. A cozier home can mean less maintenance and more time for ..read more

If you’re a single individual with aspirations of owning your own home, the recent announcement made by the Prime Minister during the 2023 National Day Rally could bring rays of optimism to your dream of obtaining a perfect abode. Starting from the latter half of 2024, unattached individuals looking to purchase Build to Order (BTO) flats will no longer be confined by the stringent HDB regulations that restricted them to acquiring only two-room BTO flexi flats in less developed areas. These novel regulations usher in a more lenient approach, offering a multitude of previously inaccessible alte ..read more

Nestled along the captivating coastline, The Shorefront emerges as a remarkable residential gem that seamlessly fuses coastal charm with modern luxury. This exceptional development has been capturing the attention of discerning homebuyers and investors alike. In this article, we will delve into the enchanting aspects of The Shorefront that make it a truly irresistible property. Coastal Elegance at The Shorefront The Shorefront boasts an enviable location, positioned in proximity to the serene coastline. Living here means waking up to breathtaking views of the azure sea, feeling the gentle sea ..read more

The timing of rightsizing your property is an important consideration and may vary depending on your individual circumstances. Both pre-retirement and post-retirement rightsizing have their advantages, and the decision depends on your financial situation, lifestyle preferences, and long-term goals. Pre-Retirement Rightsizing Pros Financial Planning: Rightsizing before retirement can provide an opportunity to free up equity from your current home, which can be used to bolster your retirement savings or invest in other income-generating assets. Easier Transition: Moving to a more suitable prop ..read more

When purchasing a new launch condominium, buyers often wonder about the advantages it offers compared to buying a resale property. Here are some key benefits of choosing a new launch condominium: 1. Modern Amenities and Facilities New launch condominiums are designed with the latest trends and modern amenities to cater to the needs and preferences of contemporary living. These properties often come equipped with state-of-the-art facilities, such as smart home technology, energy-efficient appliances, recreational areas, and fitness centers. 2. Customization Options Early buyers of new launch c ..read more

The Central Provident Fund (CPF) scheme has been a cornerstone of Singapore’s social security system for decades, offering a safety net to citizens for their retirement years. However, over time, a misconception has taken root – the belief that the CPF retirement scheme alone is sufficient to last the average Singaporean through their old age. In this article, we delve into the CPF myth and explore the reasons why this assumption might not hold true, as well as the steps retirees can take to ensure a financially secure retirement. Understanding the CPF Retirement Scheme Before diving into the ..read more