PropertyGuru enters home services with Sendhelper acquisition, first BTO project in Ulu Pandan to be launched in November, and more. Here are the news highlights from 11 October to 17 October 2022.
2022
Well to my observation, some of these repurchased units sold under open booking or SBF schemes has the basic renovation done. Some even have their toilets beautifully renovated and comes with built in kitchen cabinets. Only very few were seen sold in its original condition. It all depends on individual needs & financial capacity. My former 4 room flat (1984 flat in a central area) was already facing some water & gas leakage problem. (Made a few complaints of the faint gas smell over the years while we were living in that unit) Not only that. Since the early days of my family’s stay there, that area was known to have problems with cockroaches. Worst still my unit was on the lower floor! And now I heard the new owner is putting up the unit for sale about over SG600K! Given the area is within reach to many good malls, mrt stations, schools & hospitals. I doubt any potential buyers will notice these “real issues” if there is a good agent emphasising on these amenities as its main selling point. My take on buying older flats, for my case - with my current age at 49 if I find units that are selling like that of the recent 3room open booking unit @ AMK for SG193K & has its interior decently done up? I wont mind buying if the unit & location serves my needs. What’s more when I am eligible for the housing grants including close proximity to my married child plus my balance CPF, I am able to get the unit fully paid. And with a calculation of SG200K work out to live the rest of my life for the next estimated 40 years? That will work out about a tenancy cost (since it is indeed a 99 years leasehold unit) of SG417/month, I am happy already. Considering the recent HDB new policies of granting lesser percentage of HLE loan from the former 90% down to 85% then lower again to 80%. This amount I am paying is still a better choice than renting out at a few thousand dollars elsewhere that I cant call it as my own. Most importantly I do not wish to be burden with a 15 to 20 long years of repayment plans. And the processing time under open booking is attractive too. Like I mentioned earlier, it all depends on individual needs & financial capacity.
Giving is not always happy
Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’ll look into a word that you keep hearing at property seminars or from agents: Decoupling. What is decoupling? Decoupling is when one of two co-owners of a house transfers all their shares to the other, thus surrendering ownership completely. This involves…
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When he turned 38 years old, Wei Han knew it was time to find his own place. With the help of PropertyGuru, he found a 4-room HDB flat in Bedok that ticked the boxes of his checklist: a unit with three bedrooms and is close to his parents.
Didn’t manage to get a good queue number from the past HDB BTO or Sale of Balance Flats (SBF) exercises? Here’s another chance to buy subsidised housing directly from the HDB, via the Open Booking of Flats exercise. What is Open Booking of Flats? Open Booking of Flats is one of HDB’s modes of sale,…
The post HDB Open Booking of Flats 2022 – All about HDB’s upcoming Open Booking of Flats in Oct 2022 appeared first on .
Divorce is one of the most stressful things one has to deal with. Even more so when the custody of children and division of assets are contested. After all, neither party wants to be on the losing end. As a property portal, we occasionally feature divorce cases that involve the division of matrimonial assets to…
The post Woman’s appeal to exclude China property in her name from matrimonial assets was rejected appeared first on .
(Image credits: CC BY-SA 3.0 (Calvin Cheng) and NUS Computing profile page (Dr Ben Leong)) Over the past week, in light of new record million-dollar HDB resale flats being sold and the September 30 cooling measures, many have given their assessment of runaway HDB housing prices and, for some, how the restrictions either help improve…
The post Former NMP Calvin Cheng and NUS associate professor Ben Leong weigh in on housing policies and prices appeared first on .
In the latest push to campaign Singapore’s efforts towards cultivating a car-lite society, the Land Transport Authority (LTA) has gazetted six more areas as car-lite with effect from 31 October 2022. This includes the four public housing estates of Ulu Pandan, Mount Pleasant, Tengah and Keppel Club, on top of the existing ten car-lite areas.…
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