If you intend to buy a new or resale HDB flat in Singapore, here’s what you must know about the HDB Flat Eligibility (HFE) letter. The HFE letter, which was introduced as part of a simplified application process, tells you if you can buy a flat, apply for housing grants and take up an HDB loan. In this post, I will answer the most asked questions by Singaporeans about the HFE letter, so you...
There’s a clear shift happening in Singapore’s condominium market – two-bedroom units are now the hottest property type. Previously believed to be merely a starter home for couples or young families, these homes will now become the star of 2025. This demand surge is a result of changing family configuration, economic forces, and evolving buyer priorities. Smaller Households, Smarter...
In the red hot real estate market in Singapore, the term “fire sale” generally raises some eyebrows. Many link it to golden opportunities where properties are available at a high discount. True as it may be, fire sales are not without risks and complexities. To confidently navigate this niche, we first need to know what a fire sale is, as well as why it happens and how a buyer should approach...
In the property market in Singapore, the Option to Purchase (OTP) is often confusing for many people. An OTP agreement is legally binding and crucial to securing your dream property. However, a mistake could lead to hefty financial losses. Here are six common OTP blunders to avoid and their solutions so you do not fall prey to problems. 1. Understand the OTP Fully. Signing an OTP is not a casual...
Buying a resale HDB flat requires following a few key steps. Here's a detailed guide on the process. Step 1: You have to obtain an HDB flat eligibility (HFE) letter. To begin, apply for an HFE letter via the My Flat Dashboard. The letter will give you information on your housing and financing options, as it confirms that you are eligible to buy a flat and the grants and loans that you can get....
In Singapore's real estate market, the Additional Buyer’s Stamp Duty (ABSD) is a significant tax that applies to property transactions. This guide outlines the latest ABSD rates for 2025, who is liable to pay, and the implications for various buyer profiles. Current ABSD Rates (2025) Buyer ProfileABSD RateSingapore Citizens (SCs) buying their first property%SCs buying their second property20%SCs...
Recently, new condominium launches have had a significant take-up rate as demand for new condos has risen dramatically. For example, the Lentor Central Residences' launch take-up was 93%. So far, 3,268 sale caveats for new condo units have been lodged this year, which is a huge jump over previous years. Preference for New Condominiums There are several reasons behind the rise in demand for new...
The first major decision that a home buyer needs to make after deciding to purchase a property in Singapore is whether to buy a new launch or a resale condo. The different choices available offer various advantages and disadvantages, and it greatly depends on your circumstances, finances, and future intentions. This guide will show you the top things to think about so you can make a decision that suits...
Resale HDB Prices to See Gentler Growth in 2025 on 2024's High Base, Volume Drops as MOP Flats Decline They are undoubtedly attention-grabbing, but rising resale HDB flat prices are not a new trend. In 2024, prices of resale flats rose by 9.6% on the year. This growth was also accompanied by an estimated 28,000 to 29,000 transactions, representing a healthy increase over the approximately 26,000...
Buying a family home is a significant milestone. It requires thoughtful planning and research to find the perfect match for your loved ones. This guide will walk you through the essential steps to ensure your property search is a success. 1. Define Your Needs and Priorities Start by outlining what you need in a family home buying process. Consider factors like the number of bedrooms, proximity to...
