Blog

Expats in Singapore: Here are the best family-friendly neighborhood

Are you considering moving to Singapore? These neighborhood are the best boasting of everything from greenery to quaint cafes, art galleries to fun facilities for kids. By living in these cool areas you and your family will get to enjoy the best family times all without having to worry about your safety.

Tanglin

Tanglin is home to many embassies in Singapore, making it one of the sought-after neighborhoods in the island nation. Most of the houses here are old villas, impressive condos and apartments and low-rise townhouses in a central location. Due to its proximity to Orchard, Tanglin neighborhoods exudes a cosmopolitan feel, presenting you and your family with everything from shopping, entertainment, local and fine dining services. There are even international schools such as Avondale Grammar school.
If you love weekend café-hopping, the dining enclave of Dempset Hill is located nearby, and after that, you can enjoy the greenery from UNESCO World Heritage Botanic Gardens which offer music performances and outdoor movie nights.

Sentosa Island

Sentosa Island rings bells of entertainment for any expats who have ever visited Singapore. The neighborhood boast of beaches dotted with swaying palm trees, quaint cafes, vibrant bars and topnotch restaurants making it one of the corner of Singapore best for outdoor activities for the entire family.

To most expats, Sentosa Island sounds more like a place for weekend fun, but still it home to many. Right at the tip of the Sentosa Island is Sentosa Cove, a residential enclave which present s luxury in a new level. If looking for condos, The Oceanfront Sentosa is an architectural masterpiece which continues to awe its resident with endless dining and shopping opportunities.
If you love marine experience, The Coast of Sentosa is favorite for its stunning views of both the waterfront and the open sea giving you a piece of both worlds.

River Valley

The River Valley is a Singapore neighborhood brimming with shops, mall and a plethora of dining options for the food aficionados. The most popular resident is the Condos in the River Valley which include Starlight Suites. This neighborhood is located in the prime district of River Valley with is condos offering exclusive privacy surrounded by pristine greenery.
To make the most of River Valley, you as access Robertson Quay and have a look at its cafes and late-night dining option. Living there gets you to benefit from an excellent choice of A-list schools ranging from elementary to tertiary.

Tiong Bahru

Judging from the number of wet markets, sleek restaurants, hip cafes and eclectic neighborhood, Tiong Bahru will ever flourish. In the past, the neighborhoods were the cornerstone of Singapore major cultural and urban heritage. Now, it offers modern housing; think apartment and high-rise condos for rent. Within the neighborhood, you will admire the awe-inspiring city skylines, shops, restaurants and green spaces.

If you are a foreigner or live in Singapore ready to make a big move, the above neighborhood will not fall short of your dream home.

Are you on a house hunt in Singapore?

Are you on a house hunt in Singapore? Here are the best sites to find a condo.

Singapore is no doubt the top luxurious cities in Asia. With popular tourist attraction such as Marina Bay Sands, Sensota Island, nightlife at Clarke Quay, it no surprise it attracts millions of foreigners to this city-state. Along with being a famous business hub in Asia, Singapore has a huge expat population making the ion city very diverse in culture. A challenge is that people find it difficult to find suitable accommodation. Lucky for you, we have prepared a list of the top sites to find a convenient condo in Singapore. Take a look.

Keylocation

Finding a good accommodation is one thing. Getting it in the best location is another factor. To a majority of people, the location of a condo is one of the key aspects of their decision making. This is where this website comes into play. Keylocation provides a better data and search tools based on locations and which condos are the best.

Rentinsingapore

Rentinsingapore is a rental marketplace offering up to date property listing and tenant profiles. The websites focus on rental sector and have the most extensive database of tenants in Singapore actively looking for a whole unit or rooms for rent. The site has credible and up to date information. It is also very easy to use.

Iproperty

Need a detailed guide to where t get a condo; then this is the best website. Iproperty has features such as news, guides for expatriates, district guide and so much more. It also has one of the largest estate databases in Singapore, which assures you if getting the best accommodation.
Gumtree
Another site that never disappoints when finding a condo in Singapore is Gumtree. Although it is not a real estate only website, Gumtree has classified ads where you can easily find what you are looking for in Singapore ranging from goods, services, jobs, and property.
Stproperty
The website was launched into Singapore real estate in 2007. Since then, stproperty has grown to one of the must use property website for local and foreign expats. Stproperty offers a comprehensive database of resources including articles, information guides, current market trend, and property listing in Singapore.

Ilivesg

When finding a condo, one of the aims is to avoid paying agent fee. With Singapore life not coming cheap, it’s therefore crucial to saving money whenever possible. Ilivesg is a site that helps potential landlord and tenants find each other without the need for agents. This allows the two parties to save money from an agent who can add up to one month of rent. Another great feature seen with ilivesg is that you can search an accommodation by location throughout Singapore. Such a feature is beneficial to allow easy access to your workplace or school.
All the above websites are a great resource for those looking for a condo in Singapore. The sites have unique features which makes them better than the other. With that, hope the article helps you find the perfect accommodation based on your budget, location, and needs.

Singapore real estate and the trends driving the business

Real estate has historically been known to be one of the most lucrative ventures for investors to risk on. Apart from the global economic recession experienced a couple of years ago, where the property values plummeted to near junk investment, this economic venture is known to have one of the highest returns on investment in Singapore economic activity. A lot of the returns are gained due to the addition of value on the homes as well as land.

So what are the trends in Singapore real estate contributing to its success?

Marketing Trends

One of the more consistent trends that have been graining ever more prominence is the use of the internet to market property. A trend that started in late 1990s, it has grown to the point where a significant majority of new home owners use the internet as the primary source of information.

This trend puts an end to the historical number one source for real estate information- the newspapers.

The growth of buyer agency

The concept and actual use of buyer agencies has risen and become a norm in real estate business. The advantages that are gained by real estate buyers are enormous, which has made the concept of realtor representing only the buyers interests fully ever more popular.

Currents trends in the real estate business

Although real estate business is generally considered as a lucrative business venture, it does suffer from cycles of high and lows; usually influence by the outlook of the economy and the various elements used to judge that outlook. It is for this reason that one should make a point of knowing the current trends of the real estate market and the areas where the risks involved are minimal while the foreseeable gains are considerably high. Such current trends that shape the face of the real estate business include;

Sustained Urbanization

This factor has influenced the growth of new eighteen hour cities that previously run nine to five. This expansion has opened up new frontiers for growth in the commercial real estate venture (retail space), while supporting growth in the residential real estate venture especially for homes that are only walking distances from the city centers. Such area or cities have seen considerable growth in real estate investment.

Real Estate Frosty Relationship Continues

The exponential growth and emergence of new technologies has always been a worrying factor for this rather traditional business. Technology has a fast changing pace and is shaping all aspects of life and more important to the real estate business, it is changing how real estate consumers are making use of space, how the consumers are using technology within their space as well as the ideal location; new ideal locations are thus arising as result.
On the realization of the influence of technology on Singapore real estate, players in the market are anticipating which technologies have a shot at being mainstream tech as they are being developed while figuring out how to integrate them to various aspects of real estate. Basically, the frosty attitude towards technology is thawing.

5 Tips and Advice for Beginners to help you Achieve Success as a Real Estate Investor

Starting out as a real estate investor, there are certain things you should know from the start.  If you want a career with a steady, stable, income; and regular working hours?  A five-day workweek, and set days off?  This career is not for you.  Real Estate is an industry that is unpredictable and where the stakes are high.

Tips and Advice to help you succeed in the Real Estate Business:

  1. You will have to learn the Terminology; if you do not, you will look like a fool. Be honest if you really do not know something, and then go get that knowledge.
  2. Learn that you might need to sacrifice a thing or two; if you really want to use the real estate market to change your life and help you towards financial freedom, you might need to forfeit a planned vacation. You will need the money for investing.  You will have to learn to do lots of housework yourself.  Real Estate is not always easy.
  3. Real Estate is a business, treat it as such; create systems to manage your business and your life, keep it organized, and work towards improving efficiency. You are the businesses owner; it is your job to create an acceptable standard for yourself.
  4. Do not leave your Day-job, as yet; the real estate market can be difficult to work in. You may need several years to build up your business and its reputation.
  5. Do the research first; do not jump in at the deep side of the pool. You may drown.  There is lots of information to be found in real estate investing.  Do the reading and the research to get enough background and knowledge that you will need to become successful.

Real Estate Investing is not something you can start out on a whim.  Investing is a life-long pursuit that will take a lot of your time.  It is not a scheme to get rich real quick.  You will make mistakes; you will lose some and gain some.  Take all the experiences and learn how to use them to improve yourself and your business.

Infographic by: buffiniandcompany.com

7 Skills you should Acquire and Keep on Practicing if you want to Become Successful in the Real Estate Business

As in all work and business situations, there are sets of skills that need to be learned and practiced.  Some people are born with certain skills that will make them perfect for the type of work where these skills can be used.  And, yes, you can learn new skills sets that are work-related.

7 Skills you can learn to be efficient in the Real Estate Market:

  1. Do not try to be excellent in everything: Try as many of the categories in real estate as you can manage and gain general knowledge about all of these areas.  You will discover which one of these areas you enjoy the most, focus on that one thing.
  2. Choose a sales strategy that you like and master the one before finding more to learn: Do not attempt to dabble in this and that when you are still learning.  Learn to master each strategy before moving on to another.
  3. Make sure of the facts: This advice you can use in all areas of life.  If you do not have all the facts you can fall victim to so many things.  In real estate, you should double check on savings on taxes and the setting up of entities.
  4. Associate with people that you admire and can use as a role model: In whatever it is you want to achieve, find people who did that successfully.  Hang around with them, online, if there is no other way.
  5. Always hope for the best, and then remember to plan for the worst: You need exit strategies when something should not go as planned.  A contingency plan will also be needed to follow up after a breakdown in the original planning.
  6. Stay up to date with what is happening in the real estate market: Make sure that you have the relevant information before you start spending resources, time and money on real estate.  You can add more value to your endeavours when you are up to date on all the facts.
  7. Know Yourself: Nobody likes to admit to themselves that there are certain things they do not excel in.  It will only hold you back if you try to do something better done by others.  Let others help you with the things you cannot manage.

There are still more skills to be learned and always more knowledge you can gain.  We get sidetracked quite easily, make bad decisions and lose the way, therefore, always do your homework well.

An A to Z Explanation of a Few Terms Used in the Real Estate Market

Dealing with official documentation can most times be baffling and the words used cannot be found in a regular dictionary.  It is no different with all the paperwork needed when buying or selling a house.  Translating and understanding some of the words and phrases might require a superhuman mind.

A few Real Estate Terms that baffles the most:

  1. Amortisation Period; indicates the number of years that will be needed to make full payment on a home loan.
  2. Caveat emptor; is taken from Latin and means, “buyer beware”, which means that you should make sure of all facts regarding the sale. The purchaser carries all risks in a property transaction.
  3. CGT; in short for Capital Gains Tax. This is Real Estate terms for a tax that is levied on profits gained from the sale of a property; (not that of a family home) but investment properties.
  4. Disbursements; are costs for services rendered by a real estate agent, for instance, advertising costs and photography, which can be claimed from the client.
  5. Equity; is the value of a property that is more than the debt owed, that is then the asset the owner will have when selling the property.
  6. Exchange of contracts; will make the process of selling or buying a property, legal, and a binding agreement. At this point, a deposit is usually paid but can be forfeited if any of the two parties should back out of the said agreement.
  7. LMI; Lenders Mortgage Insurance is designed to protect the lender if the borrower should default on payments. This is often payable if the borrower did not have a big deposit.
  8. LVR; Loan-to-Value ratio indicates the proportion between the values of a property against the money borrowed. If the LVR is higher than 80%, the lender will likely be charged to pay mortgage insurance.
  9. Mortgage Protection Insurance; is an insurance policy that will cover the borrower’s payments on the mortgage if something should happen, for example, in the event of injury or illness.
  10. Reverse Mortgage; is usually when the homeowners are older. It means that repayments will not need to be done until the property is sold or when the homeowner dies.

These terms are only a few of the many that can make reading and understanding legal documents a nightmare.  Many words are derived from Latin, a language that is unfamiliar to most.