Category: Real Estate

Should You Go for a Condo or an Apartment?

For many who intend to invest in a property, they must have thought upon which is better – a condo or an apartment? There are reasons for which the two can be differentiated. For those who have stumbled upon the Prestige Condo already, it must not be hard to understand of course. What can these choices feature? How far are them from one another? There are considerations that must be taken upon here.

The Features, Offerings and More

Here are some of the features and offerings interested buyers must think upon. They may work for sure:


No one must resort to avoiding health and fitness. Luxurious condominiums normally have on-site gyms which come with cutting-edge machines which are of course available for active adults who want to be at their optimal best. This way, it becomes easier to get and maintain an appropriate body weight. This is how a person may be able to grow gracefully.


This is already a default but of course, there is a pool in which many might be able to indulge in. There may also be a Jacuzzi available. For most of the time, the pool area comes in a resort-style. As that is the case, it is not surprising that the residents would somehow feel like they are in a vacation world. The pools may come with slides, floats, waterfalls, rills, cabanas, and a whole lot more. Chilling after a long day at work may become possible then.

Energy-Efficient Facilities

One of the many benefits as well when you think about settling down in a condo is that it may come with energy-efficient flooring and windows. Furthermore, the windows may also reduce the damaging rays of the sun. Do not worry though because there may still be useful rays found which is just without the presence of UV. Please note that UVs cause floors to fade and wrap. This should not transpire if you are in a condominium unit.


Internet connectivity is too important for anyone. It does not matter if it is only for the whole day or just occasional. Good thing, this is not a problem with luxurious condos who usually come with WiFi zones so that social media may be accessed without a hard time at all. The same is also true of having work-related information. The utilization of the web may also be convenient because there are cafes which may be rented in times of working and browsing. Who would not want that?

Common Areas

As an addition to these WiFi cafes available, condos would usually have their shared or common areas so that neighbors may meet from time to time for a cool drink. It may be a comfortable place where everyone is given the chance to relax.

Apartments may also have the mentioned but it would require a fortune to have them on your own space. This has to be thought upon then. The same is also true with the number of your family members.…

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The Real Estate in Singapore

Found off the coast of Malaysia, Singapore is dubbed to be one of the busiest countries in the Malay and Asian region. This transpired to be thanks to the so-called Mass Rapid Transit or MRT system which may feature parts of the said island country. As a matter of fact, it is quite easy to move from one region to another. If you are interested, there are four official languages that you have to be aware of – Mandarin, Malay, Tamil, and English. Indeed, there are so many benefits of investing in the real estate market of Singapore.

The Wealth of Singapore

Here are some of the things that you have to remember about real estate in Singapore:

Investor-Friendly Environment

Based on the 2013 Index of Economic Freedom, Singapore comes as the second freest economy in the world. As a matter of fact, the Corruption Perception Index even tranked it as an Asian nation which is the least corrupt country in the whole world. As an addition, it also has the 14th largest exporter and the 15th importer in the world. These statistics only prove that Singapore has always been an investor-friendly country. What is, even more, is that it comes with a robust government and a mature political system. This often results in low political risk.

Available Finance for Foreigners

Normally, foreign investors are given the chance to easily access financing so that they may purchase properties. There are financial institutions which may offer up at least 80% of mortgage finance. This is directed to the foreign investors. But then, it is crucial to take note that the terms and conditions of these loans may be different from each other. There are also repayment periods for these loans and they can range from 25 to 35 years. Even the interest rates in Singapore are low. Most foreign investors do not have to think about capital gains tax.

Interesting Rental Yields with Minimal Cost in Transaction

Here is the thing- Singapore comes with an attractive rental yield. Most of the figures published from the year 2008 to 2013 presents that the rental yields of such may range from 4.08 to 7.38. But then, the return on the investment may depend upon the factors. Among the several factors that have to be considered are the location of the new launch property. There are instances when the property investor may take into account other costs including solicitors’ fees, maintenance fees, stamp fees and taxes.

Apart from the above mentioned, one thing is for sure – your retirement is also secured in Singapore. Once you purchase a condo that has been launched just recently, it will only prosper and continue to appreciate within the coming years. It may also be utilized so that you may be able to acquire loans and buy more properties. The property may only be sold if you want it that way. Afterwards, the money you have earned may be placed on your retirement plan. Just ensure that you start to invest as early as you can. …

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Planning to own investment property?

Planning to own investment property? Here are 10 costs that you need to add to your calculations

One of the common Singaporean dreams is to own a second property to rent out and earn rental income. This comes as a plan to achieve financial freedom early, or provide an income once one retires. What people don’t know is that there is a lot of financial muscle that it to be flexed in the process. Overstretching our finances can be a costly decision. Here are 10 things you need to consider if you plan to invest in a property.

Mortgage repayment

Almost everyone needs a mortgage to buy an investment property. Regardless of what you will get in rent, you need to ensure that your numbers add up. Otherwise, you will have to dish out a substantial amount of money from your pocket to pay for the mortgage. Avoid edging yourself financially and put into consideration any risk such as a slide in the economy which put people in a bad position to repay their loans.

Property agent commission

This is not a hidden cost when purchasing a second property yet most investors tend to overlook it. Agent commission amount is less than 5% of monthly rent. Agents play a crucial role in managing the property, getting reasonable rental rates, ensuring prompt payment and help in sprucing up the place to rent it out quickly.

Maintenance fee

Majority of condos in Singapore require maintenance fee each month. This fee maintains facilities such as tennis courts, gardens, security, hygiene and cleanliness. Larger units pay more maintenance fee.

Property tax

Property tax is charged by a government to landlords. Here are the figures: 10.7% on the first $45,000 of annual property value, an incremental percentage for $15,000 increase in property value of up to $90,000. Anything above $90,000 get 20% charge.


It’s mandatory to insure your property even if you do not live on it. Fire insurance is a primary type of insurance in Singapore. However, since you are not the one living on the property you have less to insure, thus lower premiums.

Income tax

Income tax is another financial component investors overlook when purchasing an investment property. If your income inflates by more than $40,000, you will be pushed into higher income bracket. If you are at the other end of the spectrum, properly a retiree, anything more than $20,000 is considered taxable income.

Monitoring costs

If you leave your renting condo for two years, you will realize that it had deteriorated into poor condition. This means sprucing things up for the next tenant or reducing the rent. This is why monitoring the state of our property is essential.

Weak economy

An average man does not have control over the economy. If the economy gets affected, you may be subjected to financial stress with mortgages and another cost which remain constant despite low rental fees. There are also other private residential units coming up which might cause weakness in the rental market. This might get worse if the government continue to tighten foreign labor policies.
Other factors to consider are administrative expenses which come up to a small fee but is worth your time if you plan to invest in more than one property. …

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Reasons why people more are choosing to buy executive condominiums in Singapore

Home buyers have picked a substantial number of executive condos in 2016, a total of 4000 ECs marking a 56.82% increase compared to units sold in 2015. The demand for executive condos continues to steadily increase since the fall in supply of this type of housing due to the introduction of cooling measures in 2014. Let’s look at some of the top reason why more buyers are going for ECs in Singapore.

Competitive prices

The increase of some ECs sold in 2016 can be attributed to the overwhelming response of better prices thanks to competition between private contractors. For example, Sim Lian sold a398 units in Treasure Crest, out of 500 units in a month upon its launch. The average cost of EC at Treasure Crest was S$737, a lower price compared to projects done by The Vales and Belleswater before.

Possibility of further decline is low

Prices of ECs have substantially decreased since late 2014 and early 2015. This makes the possibility of the prices going down limited with buyers wanting to take advantage of the price shoots back up. For example, in 2017 only a few ECs were launched with another one late in the year. Fewer executive condos mean the demand will go high, and the price will follow suit.

More EC nearing TOP

When new executive condos reach their TOP dates, they will become more attractive to those wanting to upgrade their homes or to the 1st time buyers who need a home soon. For home upgrades, this will ease the financial burden of buying a second property while 1st homeowners will need a new place as getting a house form resale market.

Limited choices by location in Singapore

There are upcoming executive condos by Choa Chu Kang, Anchorvale and Yoi Chu Kang. Buyers preferring other location have no choice. For instance, if you are looking to stay in Jurong, Lakelife and Westwood residences are the only ECs available. For Canberra, you have to choose between The Visionaries and Brownstone.

EC is a safer and wiser investment option

In today’s property market, commercial, industrial properties, and private residential are facing times of uncertainties making ECs a more reliable choice and a better investment choice. According to research by OrangeTee, first-hand owners of private EC are bound to make considerable gains however it’s important to note that 21 ECs studied were purchased before the Asian financial crisis. Therefore if you plan to hand on your EC, you are highly likely to enjoy a proper capital appreciation.

This gain is even better when you own a new executive condominium, a primary reason being new ECs are priced up to 20% lower than private condos during the launch. After 5 years the price can between private condos and ECs narrows to 9%. After 10 years, this gap drops down to 5%.
So what do we expect this year? More upgraders are expected to come into ECs that for sure. Therefore, if you are interested in owning one, it’s high time you start looking for one that works for your property budget. …

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Rivercove Residences EC: The best executive condominium available at Sengkang in 2018

Rivercove Residences EC, a brand new executive condominium in the neighborhood of Anchorvale lane in Sengkang, Singapore. This wonderful executive condominium is expected to launch in the year 2018. It is the project of Hoi Hup Realty which has won the bid of $235 million for the plot of land by keeping behind 15 more contenders. It is considered that it would be going to one of the best well developed EC as it has to include Lush Acres in the immediate area.

It is going to be proved as one of the best executive condominium projects in the district 19 Sengkang. Hoi Hup Realty is going to develop about 635 3 to 5 bedroom types units overall. The name of this wonderful executive condominium project is drawn from the river Sungei Punggol on the bank of which is going to be developed.

Hoi Hup Realty is currently working on the project Sophia Hills located at Dhoby Ghaut and also has built up a pipeline also for these two executive condominium projects of District 19 Sengkang. Rivercove Residences EC is going to be the next huge success after Hundred Palms Residences and considered to break all of the previous records of success.

Getting excited? Visit Rivercove Residences Showflat today to find out more!

Highlights of Rivercove Residences EC

Rivercove Residences EC is considered to be a project of 10 blocks and 16 stories at Ancorvale Lane. This wonderful executive condominium is considered to have about 635 units of three to five bedroom type units. The river bay will provide the EC a great view and hence best for the nature lovers. This EC is located nearer to Sengkang Sports and Recreation Centre where you can enjoy ample facilities such as indoor swimming pool, water slides, indoor stadiums for various sports an much more where you can spend quality time with your family.


Best spot for education: – What is the main requirement of most of the young couples if they are seeing the best residency? It is education; right? Rivercove Residences EC is about 1 KM away from one of the best and well reputed primary school in the city i.e. Nan Chiau Primary School. Therefore we can say it as the best spot for all the one who is seeking to get enrolled their children in the best school in the city. The school is a well established primary school in Singapore which includes high extensive history. The school emphasis on bilingualism and biculturalism and also an emphasis on the Chinese culture and Chinese literature too.


Amazing amenities: – Rivercove Residences EC is located in one of the best locations in Anchorvale Lane District 19 Sengkang. The executive condominium is surrounded by various amenities which will serve as one of the one of the best milestone in its success. The EC is surrounded by various big shopping malls, educational institutes, hospitals and much more and hence perfect place where you can easily meet with all of your daily necessities and also help you a lot emergencies also.…

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A Guide to Understanding Adverse Possession in Real Estate

Unfavorable Possession is the method of getting legitimate ownership over a piece of land, which is initially owned by somebody else. There are a particular set of conditions that need to fall in place for the transfer of ownership to happen. The majority of individuals are not acquainted with the legalities that govern such a transfer of ownership, which leads many disagreements in between the initial owner and the negative holder. Here is what you, as a landowner, need to understand about this property term:

Legal Requirements for Adverse Possession

Some people believe that simple ownership of the land over a set time period suffices to get approved for this kind of ownership. This is definitely false. There are other conditions that should be satisfied, such as undisturbed and unique belongings, and open and infamous real tenancy. The party looking for unfavorable belongings has to plainly show that it has satisfied all such requirements in the court. Just then will they get a legitimate title for the land.

Cover of Possession

While the duration of ownership is not the only requirements for obtaining negative ownership, it is an exceptionally important one. In most nations, the minimum variety of years of belongings is 20 years. If this period isn’t really satisfied, you cannot declare a stake over the ownership.

Intent of Hostile Possession

Another vital requirement for this kind of belongings is the intent behind the belongings. The court considers that it will think about the transfer of ownership legitimate, just when the negative holder has a hostile objective to take control of the land. Nevertheless, hostile intent does not need intentional, wilful, hostile displeasure.

Initial Owner’s Acquiescence

The law specifies that this sort of belongings stands before 20 years of belongings, supplied that the initial owner of the land voluntarily provides the title to the present owner. This can save both the parties a great deal of trouble, but is generally incredibly uncommon as nobody wishes to hand out their property totally free.

Negative belongings takes place often, and can take place in any property associated context. There are great deals of technicalities associated with its procedure. A thorough understanding on the offered legal treatments can make the procedure fairly simple.…

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