First Time Buying A Home?
Check out the link below!
http://www.ura.gov.sg/uol/guidelines/residential-property/Home-Buyers.aspx
If any of the term you aren't sure of, do feel free to give me a call!
Jackie Lim,
ERA Realty Network Pte Ltd
Email: jackielimdh@era.com.sg / jackie90626068@gmail.com
Mobile: +65 9062 6068
Tuesday, 24 December 2013
Monday, 16 December 2013
Government to release 5 residential sites estimated to yield about 3,000 housing units in December 2013
Published Date: 16 Dec 2013
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing five residential sites for sale in December 2013 under the 2nd half 2013 (2H2013) Government Land Sales (GLS) Programme. Together, these five sites can yield about 3,000 residential units.
The residential site at Geylang East Avenue 1 was triggered for sale through the Reserve List system when a developer committed to bid at least S$95 million for the land parcel in the public tender. It is launched for sale today.
The residential site at Yishun Avenue 9 and two Executive Condominium sites at Choa Chu Kang Grove are also launched for sale today, while the residential site at Sims Drive will be launched for sale on 30 December 2013. These four residential sites are released for sale under the Confirmed List, as earlier announced in the 2H2013 GLS Programme.
More details on the land parcels are available on the respective HDB and URA websites:
Geylang East Avenue 1
Yishun Avenue 9
Choa Chu Kang Grove, Parcel A
Choa Chu Kang Grove, Parcel B
Developer's packets containing details and conditions of tender of the land parcels are available at:
HDB Land Sales
HDB’s Procurement Office
Basement 1, HDB Hub
480 Lorong 6 Toa Payoh
Singapore 310480
HDB’s Procurement Office
Basement 1, HDB Hub
480 Lorong 6 Toa Payoh
Singapore 310480
URA Land Sales
Customer Service Centre
1st Storey, The URA Centre
45 Maxwell Road
Singapore 069118
Customer Service Centre
1st Storey, The URA Centre
45 Maxwell Road
Singapore 069118
Sunday, 15 December 2013
Time-Line :
28 Dec 2013, Saturday, (Tentative, To Be Confirmed )
First Day of Show suites open for prospects to view / Cheque or EOI submission to ERA Marketing
5 Jan 2014, Sunday, (Tenative, To Be Confirmed)
Last Day of Show suites open for prospects to view / Cheque or EOI submission to ERA Marketing
10 Jan 2014, Friday, (Tenative, To Be Confirmed)
10am onwards, Booking Day (Preview)
11 Jan 2014, Saturday, (Tenative, To Be Confirmed)
10am onwards, Main Launch
Register your interest for VVIP Discounts!
Call / Whatsapp/ SMS
Developer Sales Team,
Mobile: +65 9062 6068
Email: jackielimdh@era.com.sg / jackie90626068@gmail.com
Private Home Sales on the Rise Again! Are cooling measures working?
http://www.propertyguru.com.sg/property-management-news/2013/12/37052/unexpected-jump-in-new-home-sales&utm_source=social-facebook-post&utm_medium=content&utm_campaign=dailynewsCommon Questions which I come across.
Is this a good time to buy property in Singapore?Are the recent cooling measures working?
What are the upcoming new launch?
What is the lowest priced private home in Singapore?
Who can buy property in Singapore?
Residential / Commercial / Industrial properties. What is the difference?
What is the expected rental yield if you purchase a property in Singapore?
How to buy a new launch project in Singapore?
How to sell my apartment in Singapore?
How much is my current house worth?
How much loan can I take if I intend to purchase a property?
Why do I need to engage a salesperson?
If any of the above questions is bugging you, please feel free to Call / SMS / Whatsapp / Email me.
Jackie Lim,
ERA Realty Network Pte Ltd
Email: jackielimdh@era.com.sg / jackie90626068@gmail.com
Mobile: +65 9062 6068
Real Estate Career in Singapore
A career in real estate in Singapore is like running your own business. You have no basic salary and your earnings is fully based on commission. All expenses are fully borne by yourself and you may or may not close the deal at the end of the day.
An estimated 30,000 property agents are registered in Singapore and many float in and our of this industry.
When you first join a property agency, what you see is the Income Potential.
A $100K annual income? A $500K annual income? A $1M annual income? Attractive enough.
Potential Income does not mean Guaranteed Income.
In Singapore's real estate industry, income is based fully on meritocracy, you reap what you sow.
You have to join a successful agency, join a successful team, mix with successful teammates who support you throughout your real estate career.
Why? It is simple. You follow the footsteps of successful sales personnel, you can't go too wrong. Even ig you are half as successful as these people, you will be among them soon enough as you improve yourself by learning from them.
Rome wasn't build in a day. Success does not come to people who do nothing. Opportunities are our there. Its time to grab hold and go with the flow.
To know more about a career with ERA Realty Network? Call me @ 90626068 today.
The Council for Estate Agencies (CEA) is a statutory board established under the Estate Agents Act 2010 to administer the enhanced regulatory framework for the real estate agency industry. Commencing its operations from 22 October 2010, CEA's principal functions are to license the estate agents (referring to the estate agencies) and register salespersons (referring to the property agents), promote the integrity and competence of estate agents and salespersons and engage in public education efforts to help consumers in property transactions.
Related Articles
http://www.businesstimes.com.sg/specials/property/hk-property-agents-losing-jobs-amid-govt-home-buying-curbs-20131210
Tuesday, 10 December 2013
1st retirement housing project prices 'on high side'
Property agents have started marketing units at Singapore's first retirement housing development.
But preliminary prices suggest that units at the privately developed project are on the high side, experts say.
Developer World Class Land, a unit of jewellery group Aspial Corp, submitted the top bid of $73.8 million - or $482 per sq ft per plot ratio (psf ppr) - for the Jalan Jurong Kechil plot in November last year.
The 1.02ha 60-year leasehold site is earmarked for residential use and the Urban Redevelopment Authority said private flats, a condo or retirement housing may be built.
Marketing material describes the project,
The Hillford, as a "retirement resort". It is expected to launch on Jan 10. The 281-unit project will boast 24-hour concierge service and 18 commercial units, such as food outlets, a convenience store, clinics and medical-related facilities.
Early price indications show a one-bedder of 398 to 431 sq ft could cost at least $400,000, or about $1,005 psf. A two-bedder of 506 to 560 sq ft could be at least $500,000, or about $988 psf. Prices of a 657 sq ft two-bedroom dual-key unit will start from $700,000, or at least $1,065 psf.
Analysts had expected units to go for $900 to $1,100 psf.
Although the prices fall within forecasts, industry experts say buyers should be mindful of the property's short lease. Units at nearby Sherwood Towers, with 62 years left on the lease, were selling at a lower psf price, he added. The Jalan Jurong Kechil project's shorter lease could mean banks may offer buyers a smaller loan for properties with shorter leases.
A World Class Land spokesman said that people may not be familiar with the offering, adding that retirement villages cannot be compared with condos as they provide different amenities.
Source: The Straits Times –11 December 2013
Refining the Executive Condominium Housing Scheme (Source By ERA Realty Network Pte Ltd Singapore)
(Issued by: Ministry of National Development Date 9 Dec 2013, 7:30pm)
The Government will implement three measures for Executive Condominium (EC) developments to bring the terms for ECs closer to that for public housing, and help support a stable and sustainable EC market. This follows a review by MND on the EC Housing Scheme, taking into account feedback from the Our Singapore Conversation on Housing.
I. Reduce EC Cancellation Fees
2 First, we will reduce the cancellation fees for ECs from 20% to 5% of the purchase price. This will relieve the financial burden of buyers who have to cancel their EC bookings after signing the Sale & Purchase Agreement. The new cancellation fee will be applied to EC land sales which are launched on or after 9 Dec 2013, including those where the tenders have not closed.
3 The cancellation fee for ECs is currently set at 20% of the purchase price, similar to those for private housing. However, unlike buyers of private housing, buyers of EC units cannot sub-sell their units if they cannot complete their purchase, and have to pay the cancellation fee. This has especially imposed significant financial burden on young couples who subsequently are not able to proceed with their marriage and hence the EC purchase.
4 We will therefore align the cancellation fees for EC units with that for HDB Build-to-Order (BTO) flats, and reduce them from 20% to 5% of the purchase price.
II. Resale Levy for Second-Timer Applicants
5 Second, we will now require second-timer applicants who buy EC units directly from property developers to pay a resale levy, similar to second-timer applicants who buy BTO flats. The new requirement will be applied to EC land sales which are launched on or after 9 Dec 2013, including those where the tenders have not closed.
6 Currently, second-timer applicants who buy EC units directly from property developers benefit from the lower EC prices arising from the initial eligibility and ownership restrictions imposed on EC purchases. However, they do not need to pay a resale levy. The alignment of treatment with second-timer applicants who buy BTO flats will ensure greater parity.
III. Revision of Mortgage Loan Terms
7 Third, the Monetary Authority of Singapore (MAS) will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial institutions for EC units bought directly from property developers at 30% of a borrower’s gross monthly income. This is in line with earlier measures introduced by the HDB and MAS to encourage financial prudence among buyers of public housing. It discourages EC buyers from over-stretching their finances and supports an affordable and sustainable EC market.
8 The 30% MSR cap will apply to EC purchases where the Option to Purchase is granted on or after 10 Dec 2013.#
Enquiries
9 For further enquiries on any of the above measures, the public can contact the HDB Sales Customer Service Line: 1800-866-3066.
# The MSR cap of 30% will also apply to refinancing facilities of ECs purchased directly from property developers and which are still within the minimum occupation period, unless certain conditions for exemption are met.
ERA is Appointed Marketing Agency For ECs such as Sea Horizon Forestville & Lush Acres.
To receive a e-broucher on any projects that you may like to enquire.
SMS/Whatsapp (Your Name, Project Name) to 90626068.
Alternatively you can email your enquiries to jackielimdh@era.com.sg
(Issued by: Ministry of National Development Date 9 Dec 2013, 7:30pm)
The Government will implement three measures for Executive Condominium (EC) developments to bring the terms for ECs closer to that for public housing, and help support a stable and sustainable EC market. This follows a review by MND on the EC Housing Scheme, taking into account feedback from the Our Singapore Conversation on Housing.
I. Reduce EC Cancellation Fees
2 First, we will reduce the cancellation fees for ECs from 20% to 5% of the purchase price. This will relieve the financial burden of buyers who have to cancel their EC bookings after signing the Sale & Purchase Agreement. The new cancellation fee will be applied to EC land sales which are launched on or after 9 Dec 2013, including those where the tenders have not closed.
3 The cancellation fee for ECs is currently set at 20% of the purchase price, similar to those for private housing. However, unlike buyers of private housing, buyers of EC units cannot sub-sell their units if they cannot complete their purchase, and have to pay the cancellation fee. This has especially imposed significant financial burden on young couples who subsequently are not able to proceed with their marriage and hence the EC purchase.
4 We will therefore align the cancellation fees for EC units with that for HDB Build-to-Order (BTO) flats, and reduce them from 20% to 5% of the purchase price.
II. Resale Levy for Second-Timer Applicants
5 Second, we will now require second-timer applicants who buy EC units directly from property developers to pay a resale levy, similar to second-timer applicants who buy BTO flats. The new requirement will be applied to EC land sales which are launched on or after 9 Dec 2013, including those where the tenders have not closed.
6 Currently, second-timer applicants who buy EC units directly from property developers benefit from the lower EC prices arising from the initial eligibility and ownership restrictions imposed on EC purchases. However, they do not need to pay a resale levy. The alignment of treatment with second-timer applicants who buy BTO flats will ensure greater parity.
III. Revision of Mortgage Loan Terms
7 Third, the Monetary Authority of Singapore (MAS) will cap the Mortgage Servicing Ratio (MSR) for housing loans granted by financial institutions for EC units bought directly from property developers at 30% of a borrower’s gross monthly income. This is in line with earlier measures introduced by the HDB and MAS to encourage financial prudence among buyers of public housing. It discourages EC buyers from over-stretching their finances and supports an affordable and sustainable EC market.
8 The 30% MSR cap will apply to EC purchases where the Option to Purchase is granted on or after 10 Dec 2013.#
Enquiries
9 For further enquiries on any of the above measures, the public can contact the HDB Sales Customer Service Line: 1800-866-3066.
# The MSR cap of 30% will also apply to refinancing facilities of ECs purchased directly from property developers and which are still within the minimum occupation period, unless certain conditions for exemption are met.
ERA is Appointed Marketing Agency For ECs such as Sea Horizon Forestville & Lush Acres.
To receive a e-broucher on any projects that you may like to enquire.
SMS/Whatsapp (Your Name, Project Name) to 90626068.
Alternatively you can email your enquiries to jackielimdh@era.com.sg
Executive Condo @ Woodlands
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