SkyPark Residences: Executive Condominium at Sembawang
Showing posts with label flat prices in Singapore. Show all posts
Showing posts with label flat prices in Singapore. Show all posts
Thursday, 26 September 2013
Six new BTO projects by HDB in Sep 2013
Singapore Housing Development Board (HDB) launches six new Build-To-Order (BTO) projects in Sep 2013 – Matilda Edge, The Verandah @ Matilda, Waterway View in Punggol, as well as Palm Breeze @ Yishun, Saraca Breeze @ Yishun and Khatib Court in Yishun. These BTO projects offer a total of 4,156 units of Studio Apartments, 2-, 3-, 4-, 5-room and 3Gen flats
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Thursday, 5 September 2013
Should You Buy or Rent Your Home?
Are you tempted to buy a house? Years of price declines have made buying a home more affordable than renting in all and in many places of the world mortgage rates are still appealingly low. But is that a reason to buy a new house? Before you decide on a lifetime of mortgage payments and home-maintenance routines, here are a few questions to help you decide whether you should rent or buy. There are just few indicative answers and discussions; plan and result may vary according to different peoples.
1. Where do you live?The cost of buying versus renting varies greatly from city to city. A smart way to weigh the two options is to divide the average asking price for a home in your city by the typical annual rent for a comparable home. This will yield a price-to-rent ratio. For example, if the average sales price is $200,000 and average rent is $3,000 per month -- that’s $36,000 per year, then the ratio would be 5.5:1. In general, a price-to-rent ratio below 15 benefits buyers; above 20 rewards renters. Ratios between 15 and 20 can go either way, depending on a number of factors, from taxes to appreciation potential
2. How long will you stay put?Remember that home buying is a long-term commitment. If you're not planning to stay in the home for at least five to seven years (or minimum 3 years), think twice. Some cities the average origination and title fees are very high. So ask yourself, in the next five years, might you need to relocate for, say, grad school, a new job, your future spouse or hypothetical children? If so, renting will allow you the flexibility to pick up and move on short notice.
3. What is your monthly budget?As a homeowner, you'll have a lot of big new expenses to cover with your same old budget: mortgage payments, utility bills and costs for standard upkeep. Plus, you should consider beefing up your emergency fund for less-routine maintenance issues, such as a fallen tree branch or a burst pipe. All of those new costs can be pretty intimidating. But if you've got room in your monthly budget, home buying makes sense for the long haul. You'll be building equity, and your housing costs won't be exposed to inflation like they are with renting.
4. How much do you have saved?
The sexiest housing market in many parts of the world offers nothing if you don’t have savings. Putting down 20% of the sales price is a common requirement. That number may seem steep, but it will help you qualify for the best loan terms, and it eliminates the additional cost of private mortgage insurance.
1. Where do you live?The cost of buying versus renting varies greatly from city to city. A smart way to weigh the two options is to divide the average asking price for a home in your city by the typical annual rent for a comparable home. This will yield a price-to-rent ratio. For example, if the average sales price is $200,000 and average rent is $3,000 per month -- that’s $36,000 per year, then the ratio would be 5.5:1. In general, a price-to-rent ratio below 15 benefits buyers; above 20 rewards renters. Ratios between 15 and 20 can go either way, depending on a number of factors, from taxes to appreciation potential
2. How long will you stay put?Remember that home buying is a long-term commitment. If you're not planning to stay in the home for at least five to seven years (or minimum 3 years), think twice. Some cities the average origination and title fees are very high. So ask yourself, in the next five years, might you need to relocate for, say, grad school, a new job, your future spouse or hypothetical children? If so, renting will allow you the flexibility to pick up and move on short notice.
3. What is your monthly budget?As a homeowner, you'll have a lot of big new expenses to cover with your same old budget: mortgage payments, utility bills and costs for standard upkeep. Plus, you should consider beefing up your emergency fund for less-routine maintenance issues, such as a fallen tree branch or a burst pipe. All of those new costs can be pretty intimidating. But if you've got room in your monthly budget, home buying makes sense for the long haul. You'll be building equity, and your housing costs won't be exposed to inflation like they are with renting.
4. How much do you have saved?
The sexiest housing market in many parts of the world offers nothing if you don’t have savings. Putting down 20% of the sales price is a common requirement. That number may seem steep, but it will help you qualify for the best loan terms, and it eliminates the additional cost of private mortgage insurance.
Sunday, 1 September 2013
Re-sale prices of Private Homes in Singapore
Resale prices of private homes in Singapore climbed 0.2 per cent in July 2013 as compared to June 2013. In June, resale home prices declined 0.1 per cent from a month earlier. The price growth in July was due to higher prices of transactions recorded in the non-central region and for small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the National University of Singapore's Institute of Real Estate Studies.
Wednesday, 14 August 2013
Subletting transactions in Singapore
HDB figures for July 2013 shows a 6 per cent rise in subletting transactions between the first and second quarters of this year. This means more owners of HDB flats have been renting out their units in recent months.
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