Pitfall 1: Expecting sky high returns in a short time We have met people who said things along the line of— “Making $100,000+ in 3 years is not worth so much hassle.”— when we could be talking about a net return on investment of around 10%-15% per annum. So our question back to them is: …
6 Potential Pitfalls Property Investors Should Avoid Read More »
A Really Long “Lock-In” Period Anyone applying for a Plus or Prime flat would be subject to a 10-year Minimum Occupation Period (MOP), which essentially means you are tied to your HDB flat for almost 15 years (10 years in addition to the construction time which is typically 4-5 years). This can impact buyers in …
All you need to know about the new BTO categories Read More »
Context We are answering these questions with investment as the paramount objective, i.e. specific personal needs in terms of space and location will not be considered here. Short answers here only. Reach out to us if you’d like further elaboration on them. 1. Should I wait until 35 years old to buy a resale HDB? …
Common Questions Single First-time Home Buyers Ask Read More »
Should you blindly trust advice from non-professionals? If your budget only allows for a 1-bedroom property, you may hear skeptical remarks from people discouraging you from buying a 1-bedder because “nobody wants to buy 1-bedders” and they think that it can be hard to sell next time. This is a sweeping statement. People often make …
ONE Misconception: I am not in a hurry. It is better if I list my property at a much higher asking price than what I can sell at, so I can get the highest price possible or have more room for negotiation with potential buyers. (Unless this is advised by your agent due to your …