Rising Property Prices and the Co-Living Solution In recent years, Singapore's rental market has seen some serious ups and downs. Private home rentals shot up by about 30% in 2022, the highest in 15 years, and continued to rise by another 9% in 2023. With rents getting so high, co-living has become a popular and smart alternative for many people looking for affordable housing. Co-living is all about...
In Singapore, the journey to owning a home often goes hand-in-hand with getting married. For many young couples, securing a Build-to-Order (BTO) flat is a major milestone. But recent trends suggest that this process might be pushing couples into early marriages, sometimes leading to early divorces. The Early Commitment Dilemma Imagine a young couple discussing buying an apartment on their second date....
Singapore's real estate market is tightly regulated, and this applies significantly to Permanent Residents (PRs). As a PR in Singapore, it’s important to understand the do’s and don'ts of property ownership to avoid costly mistakes. Key Restrictions and Guidelines for PRs 1. Waiting Period for HDB Purchase PRs cannot buy a Housing Development Board (HDB) flat immediately after obtaining their PR...
The Housing and Development Board (HDB) has taken stringent measures against flat owners violating lease rules from 2019 to 2023, highlighting its commitment to preserving the integrity of public housing in Singapore. Over these four years, HDB addressed approximately 800 cases of lease infringements, issuing written warnings and hefty fines, and in severe instances, reclaiming the flats. These violations...
If you’re thinking about buying a bigger place or purchasing your first condo, it’s natural to worry about what might happen if you get retrenched. The thought of not being able to pay your mortgage can be scary. But don’t worry, there are practical steps you can take to prepare for tough times. Here’s a simple guide to help you navigate these concerns and make sure you’re ready for any...
If you’re a foreigner (and some Singaporeans) eyeing the Singapore real estate market, you might be surprised to learn that there are certain types of landed homes within condominium projects that you can purchase. These unique homes combine the benefits of both landed properties and condominium living, offering a distinct lifestyle that appeals to many. Let us show you by exploring these types of homes,...
In the high-stakes realm of Singapore's property market, decoupling has emerged as a strategic maneuver for those looking to "siam" the financial blow of Additional Buyers Stamp Duty (ABSD). With ABSD rates now peaking at 20 percent, the attractiveness of owning a second property without the huge tax has never been stronger. However, decoupling is not without its complexities and potential pitfalls,...
Hey there! So, have you ever wondered why four-room HDB flats are so popular in Singapore? It's a pretty interesting topic, especially when you dive into the numbers and reasons behind it. Let's break it down together. The Basics First off, let's get some basics out of the way. Housing and Development Board (HDB) flats, are public housing units in Singapore. They're super common and a huge part of the...
Singapore is taking big steps to make life easier for both foreign workers and local renters. With new rules increasing the number of unrelated tenants allowed in larger flats and private homes, the government aims to make housing more affordable and improve living conditions. This change is set to impact everyone from tenants and landlords to the overall economy. Let’s dive into what these new occupancy...
Singapore's Master Plan 2025 is not just an urban planning document—it's a roadmap for making our city even better in the next decade and beyond. This exciting plan aims to improve our quality of life, promote sustainable growth, and ensure our city can handle future challenges. Plus, it’s all about keeping our heritage intact and making the most of new technology. Let’s dive into what this plan...