Singapore Property Taxes in 2023

Property Taxes in 2023

Starting in 2023, most homeowners in Singapore can expect to pay more property tax due to increases announced in Budget 2022 by the government. The revision is part of IRAS’s annual review and reflects the rise in market rents. Understanding property tax Property tax is a tax on property ownership, whether it is rented out, owner-occupied or vacant. Why Tax?Property tax payments fund a...

The World's most expensive cities for expats in 2022

Top ten most expensive cities for expats in 2022

In a recent study by ECA International published Dec 7 on the most expensive cities to live in for expats, Singapore has seen an increase in ranking from the 12th spot in 2021 to the 8th in 2022. “The biggest driver of Singapore’s rise in our rankings has been a double-digit increase in rental costs in 2022,” said Lee Quane, regional director – Asia at ECA International. “The COVID-19...

What's a tenant profile and what should be included in it?

What’s a tenant profile, and what should you include in it?

You've decided to conduct the property search the DIY (Do It Yourself) way and started contacting agents to secure viewing slots. Unless you had your tenant profile prepared, you were either asked to provide additional information about yourself and your requirements or got ignored. If you do go DIY, you may want to refer to my guide on securing a lease on this website. When agents receive leasing...

How to find a good property agent in Singapore?

How to find a good property agent in Singapore?

Buying a Property in Singapore is one of the most important financial decisions a person will make. Numerous concerns range from budget planning, market research, and shortlisting the best ideal home — all of which are challenging and stressful to most people.  On the other hand, whether you're looking to buy, sell or rent, a good real estate agent can help you smoothen the entire...

Identify Property Scams in Singapore

How to identify Property Scams

According to the Singapore Police force, in 2022 alone, up till Aug 26, at least 997 people have lost a total of $3.9 million since January after they fell victim to scammers posing as property agents. There has been an increase in scammers impersonating legitimate property agents and asking victims for payment to secure the rental of a unit before viewing the property, according to the police...

New York vs Singapore

Singapore and New York take the top spot for highest prime rental growth in 1H2022

Commentary on Property news in Singapore If you thought that what is happening in Singapore with high rentals is unique to just Singapore, think again. According to Savills World Cities Rents and Yields report. (Published on 9-Aug-2022) Singapore has tied with New York to claim the first spot on the global index, where rents outpaced capital value growth. This trend is observed in many of the world's...

Seller Stamp Duty

What you need to know about Seller’s Stamp Duty (SSD)

In February 2010, the Government introduced SSD on sellers who buy (or acquire) residential properties on or after 20 February 2010 and sell (or dispose of) them within the specified holding period. SSD is applied to the sale of residential property within the holding period The new measure was introduced to combat property 'filliping' where buyers acquire a property and immediately sell it off for a...

The Complete guide for the process of securing a lease

The process of securing a lease

Finding a place to stay that meets your requirements can be daunting and exhausting. On the surface, it may seem quite simple but is it truly the case? As you will learn, the process goes beyond shortlisting and contacting agents through property portals. In this guide, I will walk you through each step, and hopefully, you'll find it helpful and perhaps better understand the value we agents bring to...

Common Clauses found in Tenancy Agreements

Common Clauses found in Tenancy Agreements

Tenancy Agreement (TA) will form the contract for the duration of the tenancy, although Estate Agencies, as well as the Council for Estate Agencies (CEA), provide their own templates as means to help both Landlord and tenants by having a common/standard template to make use of, do note that it is overall subject to the landlord discretion on what clauses he/she will want to include in the tenancy...

2022 Guide to buying a condo (new launch)

2022 – Guide to buying a Condo apartment (New Launch)

The day has come to make use of all those hard-earned dollars you've been saving and get a place of your own. For most of us, buying a property is a big undertaking, as homeownership comes with a hefty price tag and a long-term financial commitment. It's time to make some tough decisions. Do you want to put all that money in a resale flat? Or perhaps get a new launch condo instead? There are...

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Whether you're a Home Buyer, Seller, Tenant, or Investor I'm just a click away. Contact me today for a chat.

Need any Help?

Whether you're a Home Buyer, Seller, Tenant, or Investor I'm just a click away. Contact me today for a chat.