The article ("Good time to invest in S'pore real estate: Minister" ST Apr 11 2007) is a big boost for Singapore property market. With foreign companies investing $5.4 billion in 2006, it clearly shows our economy is structurally and fundamentally strong.
With such strong confidence in the Singapore economy, we can see more foreign investors snapping up Singapore properties by the "bulk". A Chinese investor just did that by purchasing a whole block of 10 units of a new luanch development in Balmoral / Stevens Road area, amounting to $52 million.
The ripple effect for the rise in property price is also felt in the mass market condominiums. Kovan Melody located just next to the exit of Kovan MRT, has enjoyed an appreciation of 10%-12% since its launch in 2004. With the economy staying strong, I can only imagine further appreciation in property prices for this development. For the investors in Kovan Melody, they are enjoying a return of around 5%, and forseable higher return in years to come.
Good Investment!
Showing posts with label Property. Show all posts
Showing posts with label Property. Show all posts
Thursday, April 12, 2007
Wednesday, January 10, 2007
New Year new targets
2007 came and out went 2006. Time to reflect and make new goals for the year.
2006 was a decent year. I had improved in my deals, which translate to having more money. Hooray! But on the other hand, I had also learnt the hard way of not managing myself, my expences, my money properly. But all these are in the past, now time to plan for the year...
2007 Targets:
i) personal goal - do better in managing myself, my expences, and my money!
ii) sales goal - 5 cases a month for next 12 months
iii) team goal - groom my new members to become a highly respectable professional realtor.
2006 was a decent year. I had improved in my deals, which translate to having more money. Hooray! But on the other hand, I had also learnt the hard way of not managing myself, my expences, my money properly. But all these are in the past, now time to plan for the year...
2007 Targets:
i) personal goal - do better in managing myself, my expences, and my money!
ii) sales goal - 5 cases a month for next 12 months
iii) team goal - groom my new members to become a highly respectable professional realtor.
Tuesday, November 21, 2006
Exclusive "Killer" Technology - WIS
WOW! WOW! WOW!
There is a brand new revolutionary property web-based search tool that all real estate agents in Singapore are dying to have. It has 1700 Condo / Apt Layout plans, 1200 Commercial / Industrial properties, 65000 Landed Properties with the latest E-Litho, 880000 owners, including 1 million Telephone Numbers.
With such system, I will have the fastest and the most up-to-date information on the Internet. And I can provide these information to my clients instantly. How exciting!
And I foresee getting the seller to list with me will be more convincing using this system. And to top it all, I can do my presentation anywhere, anytime comes Jan 07, as we are moving into wireless throughout the whole island. Sweet!
Since this is exclusive software to HSR, all other agents will have to join HSR to enjoy this privilege.
cheero
There is a brand new revolutionary property web-based search tool that all real estate agents in Singapore are dying to have. It has 1700 Condo / Apt Layout plans, 1200 Commercial / Industrial properties, 65000 Landed Properties with the latest E-Litho, 880000 owners, including 1 million Telephone Numbers.
With such system, I will have the fastest and the most up-to-date information on the Internet. And I can provide these information to my clients instantly. How exciting!
And I foresee getting the seller to list with me will be more convincing using this system. And to top it all, I can do my presentation anywhere, anytime comes Jan 07, as we are moving into wireless throughout the whole island. Sweet!
Since this is exclusive software to HSR, all other agents will have to join HSR to enjoy this privilege.
cheero
Friday, November 17, 2006
99 year leasehold vs Freehold
The tenure of a property has always been a factor when purchasing a condominium. Most buyers would prefer to have a Freehold tenure condominium compare to 99 yr leasehold.
Previously, Central Provident Fund (CPF) does not allow its members to use savings to buy properties with leases less than 60 years remaining. But this has changed to 30 years remaining. And with this change, the line between leasehold and freehold is increasingly blurred.
"Long term prospect for the 99-year leasehole properties now look much better with the precedent set by Eng Cheong Tower. Successful new leasehold developments include The Sail @ Marina, The Berth @ Sentosa Cove and 8 @ Mt Sophia. So when it comes to it, property is about location. Tenure is important but still secondary." (ST June 30, 2005 - Property Watch)
You should visit Kovan Melody, a brand new soon-to-TOP development next to Kovan MRT. It has full condo facilities and vast amenities including Heartland Mall, banks, and hawker centre - just opposite the condominium.
So why wait? Come down today or call me @ 9185-0641 for viewing appointment.
Cheers
Previously, Central Provident Fund (CPF) does not allow its members to use savings to buy properties with leases less than 60 years remaining. But this has changed to 30 years remaining. And with this change, the line between leasehold and freehold is increasingly blurred.
"Long term prospect for the 99-year leasehole properties now look much better with the precedent set by Eng Cheong Tower. Successful new leasehold developments include The Sail @ Marina, The Berth @ Sentosa Cove and 8 @ Mt Sophia. So when it comes to it, property is about location. Tenure is important but still secondary." (ST June 30, 2005 - Property Watch)
You should visit Kovan Melody, a brand new soon-to-TOP development next to Kovan MRT. It has full condo facilities and vast amenities including Heartland Mall, banks, and hawker centre - just opposite the condominium.
So why wait? Come down today or call me @ 9185-0641 for viewing appointment.
Cheers
Sunday, June 25, 2006
Excellence
As the word goes, being second best is just not good enough.
I have modified my "slogan" from Attitute-Commitment-Execution to Attitute-Commitment-Excellence.
I strongly felt that having Positive Attitute, Service Commitment,and Smooth Execution for my clients are somewhat not "perfect" enough. They deserve my Excellent Service, Excellent Attitute, and Excellence Experience in the whole process of Purchasing / Selling their property.
And this is what I am going to do for all my clients, now and in future.
Cheers
I have modified my "slogan" from Attitute-Commitment-Execution to Attitute-Commitment-Excellence.
I strongly felt that having Positive Attitute, Service Commitment,and Smooth Execution for my clients are somewhat not "perfect" enough. They deserve my Excellent Service, Excellent Attitute, and Excellence Experience in the whole process of Purchasing / Selling their property.
And this is what I am going to do for all my clients, now and in future.
Cheers
Thursday, June 22, 2006
Changes breed Challenges
I am guilty of not updating my blog for a long while.
There were a lot of changes in the last couple of months, especially in the agency I was in association with. There was a business re-structuring exercise and all commission-based agents were asked to leave and look for another agency. That was in late April. (*How ironic, here I am as self-employed realtor and yet I was retrenched! Something is not right in this picture)
So off we(my buddies & I) went from agency to agency to find out the commission structure, support from the agency, frequency of training... etc and the office enviornment. So after 2 weeks and much deliberation, we finalised our decision and signed up to be associate of HSR International Realtor Pte Ltd.
So what are the pull factors? HSR strength lies in project marketing. As we can see in the market, more and more projects are launched each week. By targeting to the primary market, we are also helping ourselves to build up our secondary market (or resale) listings. So this will cut down our effort to source or solicit for resale listings.
The on-going daily training programs makes it attractive for new recruits. Hence my recruitment will be made easier. All these trainings are free! And are open to all agents, experience or not.
So with these and many other pull factors, I am sure my buddies and I will make more money in real estate. Cheers!
There were a lot of changes in the last couple of months, especially in the agency I was in association with. There was a business re-structuring exercise and all commission-based agents were asked to leave and look for another agency. That was in late April. (*How ironic, here I am as self-employed realtor and yet I was retrenched! Something is not right in this picture)
So off we(my buddies & I) went from agency to agency to find out the commission structure, support from the agency, frequency of training... etc and the office enviornment. So after 2 weeks and much deliberation, we finalised our decision and signed up to be associate of HSR International Realtor Pte Ltd.
So what are the pull factors? HSR strength lies in project marketing. As we can see in the market, more and more projects are launched each week. By targeting to the primary market, we are also helping ourselves to build up our secondary market (or resale) listings. So this will cut down our effort to source or solicit for resale listings.
The on-going daily training programs makes it attractive for new recruits. Hence my recruitment will be made easier. All these trainings are free! And are open to all agents, experience or not.
So with these and many other pull factors, I am sure my buddies and I will make more money in real estate. Cheers!
Double Happiness
Ha ha, it's not what most people would think. It's my birthday - 20th Jun, and put it with the year it becomes 20062006! So it's Double Happiness!
To top it, a friend who shares the same birthday wishes me a Fantastic Brithday, it Triples the Happiness! Hooray! (of course I wish her the same)
Come to think of it, I am really lucky to have been born on this date and live through this part of the century to be part of this Once-in-a-Lifetime auspicious birth date. There were 121 couples who got married on this day too!
What more can I ask for? I have lived through 36 years, am still single, am looking for a suitable wife, have a wonderful career (Real Estate with HSR International Realtors Pte Ltd).... I'd just I just want to be happy and not worry. Cheers!
To top it, a friend who shares the same birthday wishes me a Fantastic Brithday, it Triples the Happiness! Hooray! (of course I wish her the same)
Come to think of it, I am really lucky to have been born on this date and live through this part of the century to be part of this Once-in-a-Lifetime auspicious birth date. There were 121 couples who got married on this day too!
What more can I ask for? I have lived through 36 years, am still single, am looking for a suitable wife, have a wonderful career (Real Estate with HSR International Realtors Pte Ltd).... I'd just I just want to be happy and not worry. Cheers!
Thursday, March 09, 2006
Revised resale levy on 2nd subsidised flat
The recent revision in resale levy on 2nd subsidised flat gives something to cheer for in the resale market when the levy is set at a fixed amount.
For example, a flat owner selling his executive flat in Mei Ling St would fetch the price ranging from $480,000 - $510,000. If he book his 2nd subsidised flat from HDB, he would have to pay (before revision) 25% resale levy (based on resale price or 90% of the market valuation, whichever is higher) which works out to $120,000-$127,500. Now he has only to pay $50,000. A hefty saving.
With this much of savings in resale levy, it would prompt more home owners to sell off their current flat to get a 2nd subsidised flat. But I don't think it will cause much franzy since the location of new HDB units are, in my opinion, far away.
However, on the other end of the spectrum, a 2-room flat owner may not welcome this change. The average selling price of a 2-room flat is about $100,000-$110,000. The resale levy is 10% which works out to be $10,000-$11,000. But after the revision, he has to pay $15,000 fixed amount. Obviously, these flat owners will be discouraged to get a 2nd subsidised flat.
Mobile: 9185-0641
For example, a flat owner selling his executive flat in Mei Ling St would fetch the price ranging from $480,000 - $510,000. If he book his 2nd subsidised flat from HDB, he would have to pay (before revision) 25% resale levy (based on resale price or 90% of the market valuation, whichever is higher) which works out to $120,000-$127,500. Now he has only to pay $50,000. A hefty saving.
With this much of savings in resale levy, it would prompt more home owners to sell off their current flat to get a 2nd subsidised flat. But I don't think it will cause much franzy since the location of new HDB units are, in my opinion, far away.
However, on the other end of the spectrum, a 2-room flat owner may not welcome this change. The average selling price of a 2-room flat is about $100,000-$110,000. The resale levy is 10% which works out to be $10,000-$11,000. But after the revision, he has to pay $15,000 fixed amount. Obviously, these flat owners will be discouraged to get a 2nd subsidised flat.
Mobile: 9185-0641
Friday, February 17, 2006
Office rental is climbing up
With the positive growth in out economy for the past 2 quarters, the property market had also responded in the similar positive manner. The private residential sector is the first to react and the prices will soar even further.
Office space rental is now feeling the ripples effect of the upswing, hence prime locations office units are expected to increase their rental as well. Prime units charging $4psf are expected to increase by double to $8psf (according to the report by Savills Research, ST 16 Feb 06), which is still lower then $12psf in 1996.
With this positive signal, it's good news for me as I am into office rental. Looking forward tio more good Business!
Mobile: 9185-0641
Office space rental is now feeling the ripples effect of the upswing, hence prime locations office units are expected to increase their rental as well. Prime units charging $4psf are expected to increase by double to $8psf (according to the report by Savills Research, ST 16 Feb 06), which is still lower then $12psf in 1996.
With this positive signal, it's good news for me as I am into office rental. Looking forward tio more good Business!
Mobile: 9185-0641
Tuesday, January 24, 2006
$3000 Gross pay
I was serving a buyer last Sunday. He is single and wants to buy a flat around central / town area. So I arranged for him to view 4 HDB units - 3-rm and 4-rm types. One of the units (a 4'S' type) we saw was fabulous and he immediately fall in love with it. He decided to make an offer but was told to wait by the seller. My buyer agreed.
Meanwhile, being a diligent agent, I was calculating his finance requirement for his installment. Then it hit me that his gross pay exceeds $3000 and hence he has to apply for bank loan. Unfortunately, as I found out then, he could not afford the 5% cash that is required of him for the bank loan, let alone the cash above valuation. Dead end.
Meanwhile, being a diligent agent, I was calculating his finance requirement for his installment. Then it hit me that his gross pay exceeds $3000 and hence he has to apply for bank loan. Unfortunately, as I found out then, he could not afford the 5% cash that is required of him for the bank loan, let alone the cash above valuation. Dead end.
Saturday, January 21, 2006
My views... 5-rms & Exec flats
Year of the Dog is round the corner. Many chinese families are busy getting ready for the Lunar New Year. Hence, a slowdown in real estate marketing activities during this period of the year is expected.
But comes Feb, all marketing activities will resume and serious buyers will be out in full force after all the 're-charging' during the festive period. I'd reckon there are more transactions for 5-rm and Executive flats.
HDB resale transactions for the last quater indicated an increase in number of tranactions for such flats. These boost the resale prices to go up slightly but only for units at good locations - near MRT, schools, amenities, etc. Well renovated units are also good value for money.
Recently, I have felt more buyers want are buying to stay with their parents together, and with the change in application for grant, I can see 5-rms and Exec flats to have more transactions. Previously, buyers in a family nucleus with combined income of more than $8000 are not eligible to apply for grant but this mark has been raised to $12000. Hence it has created a new group of buyers for big units.
For 5-rm and Exec sellers, the good news is you can expect to see more viewers to your unit after Lunar New Year. But don't forget, units at good location will attract more buyers.
*ps: Pls call 91850641 to have further discussion with me.
But comes Feb, all marketing activities will resume and serious buyers will be out in full force after all the 're-charging' during the festive period. I'd reckon there are more transactions for 5-rm and Executive flats.
HDB resale transactions for the last quater indicated an increase in number of tranactions for such flats. These boost the resale prices to go up slightly but only for units at good locations - near MRT, schools, amenities, etc. Well renovated units are also good value for money.
Recently, I have felt more buyers want are buying to stay with their parents together, and with the change in application for grant, I can see 5-rms and Exec flats to have more transactions. Previously, buyers in a family nucleus with combined income of more than $8000 are not eligible to apply for grant but this mark has been raised to $12000. Hence it has created a new group of buyers for big units.
For 5-rm and Exec sellers, the good news is you can expect to see more viewers to your unit after Lunar New Year. But don't forget, units at good location will attract more buyers.
*ps: Pls call 91850641 to have further discussion with me.
Monday, July 04, 2005
My Life Philosophy
Life is Simple. Don't Complicate it.
Have no FEAR of losing, then success is always sweet
Live each day to the fullest
Live each day like it is the last day
I have the power to make choices
Always give back to the society
Believe in giving and enjoy giving
Enjoy life, as it is and appreciate what you have
Have no FEAR of losing, then success is always sweet
Live each day to the fullest
Live each day like it is the last day
I have the power to make choices
Always give back to the society
Believe in giving and enjoy giving
Enjoy life, as it is and appreciate what you have
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