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Showing posts from July, 2013

The many faces of HDB 2rm BTO for Singles in Singapore

1. FIRST TIMER PROFIT TOOL Finally the playing field is almost level. HDB 2rm BTO is good value for money, for first timer of average earning means, definitely recommended. There is a potential profit of 250k in 5 yrs to be made (assuming you get all grants, to be eligible salary must be as low as 1500 and below iirc). Case in point, Sengkang 2rm built 2007 resold in 2013 for 260 to 280k. In short, treat it as a money making tool for the mid term. Like how many does with their first hdb bto. 2. STEPPING STONE Once you have the 250k, it is easier to upgrade to EC if you find a partner or private if you have better earning power then. Assuming prices stay flattish or grow slowly next five years that is. 3. DOWNGRADING OPTION For those older singles looking to cash out of their current place (could be hdb or old private), it is also a viable option for downgrading. After MOP, they may even cash out and with the previous proceeds and new profit, they may get a new smaller private

Compact units a turning point in Roxy's history

http://www.stproperty.sg/articles-property/condominium/compact-units-a-turning-point-in-roxys-history/a/127614 ENTERING the shoebox or compact-apartment market was a turning point in Roxy-Pacific's history. Teo Hong Lim, the group's executive chairman, traces the origins of the entry to the time of the global financial crisis. "After Lehman's collapse, I realised that some of our projects were not selling as fast as my competitors'," he says. The competition was moving the same unit types, for example three-bedroom apartments, at lower absolute prices than Roxy's projects. "I realised that while the master bedroom, bedroom 2 and bedroom 3 in our units were designed for queen-sized beds, some of my competitors could accommodate only a single-sized bed for bedrooms 2 and 3. "By minting smaller units, the competition could keep the absolute pricing attractive while achieving a higher per square foot price. Such a strategy also squeezed o

Shoebox takeup could see increase

http://www.propertyguru.com.sg/property-management-news/2013/7/36142/new-rules-to-seriously-affect-holders-of-multiple- The latest mortgage rules introduced by the Monetary Authority of Singapore (MAS) will significantly affect multiple property owners and the mid-tier private housing segment in the Rest of Central Region (RCR), according to Knight Frank. “Investors who have existing property loans and have sought various flexible ways to secure multi-property loans will now face greater limitations to obtain new loans for their next property purchase,” it said. For instance, middle-income investors who have existing mortgages and other debt like car loans will struggle to buy a new property because their Total Debt Servicing Ratio (TDSR) could exceed the 60 percent limit. Singaporeans with an existing HDB loan who wish to buy a private home may also encounter difficulties in getting additional loans. “Individuals who have a higher proportion of variable income out of their monthly g