Singapore Property By Mark Tan R032504C -Expat Relocation Agent-CONDO/HDB/Buy/Sell/Rent/Mgmt

Posts Tagged ‘new launches’

Global Property Strategic Alliance Pte Ltd

Posted by Singapore Property Match on February 21, 2012

Global Property Strategic Alliance Pte Ltd

To Be A Professional Real Estate Agent/Real Estate Salesperson By The Council for Estate Agencies (CEA) .

Want To Be A  Real Estate Agent and 
  • Be your own boss
  • Career advancement and development opportunities
  • Constant flow of transactions
  • Everlasting growing industry
  • Excellent sense of achievement and satisfaction
  • Financial freedom with passive income
  • Flexible working hours
  • Freedom from routine work
  • Great market demand
  • NO retirement age limitation
  • NO retrenchments
  • Potential earnings of over $8,888 monthly
  • Real estate sales makes the most money compared to other Sales and marketing profession
  • Recession proof industry
  • Sales and management dual career path system

Requirements:

  • Applicants should be Singaporean citizens or hold relevant residence status
  • Fresh graduates / entry level applicants are encouraged to apply
  • Minimum 4 GCE ‘O’ levels required
  • With or without experience
  • ***Passing of CEHA / CES / CEA house agent examinations***
  • ***CEHA examination which will be recognised by CEA till end of 2012
  • Qualifications Equivalent to REA examination
  • Bachelor of Science (Real Estate) National University of Singapore
    Bachelor of Science (Estate Management)
    Bachelor of Real Estate (Property Management)
    Bachelor of Real Estate (Valuation)
    Diploma In Building Management Ngee Ann Polytechnic
    Diploma In Building & Real Estate Management
    Diploma in Real Estate Business
    Diploma In Property Development & Facilities Management Singapore Polytechnic
    Diploma In Building & Property Management
  • 1. Holders of any diploma or higher academic qualification which has real estate as a major are advised to check with CEA whether they are required to take the REA/ RES examination.
    2. Individuals who have passed all 3 examinations in General Practice by the Royal Institution of Chartered Surveyors (RICS) will be considered as having obtained equivalent qualification to the REA examination.
    3. Holders of qualifications in non-real estate related fields such as business administration, economics, marketing, law etc will be required to take the REA/RES examination.
  • Any foreign / private school certificates must be submitted to CEA for approval by Approved Course Provider before you enroll for the course.

Join GPS Alliance 

  • 20% Advertisement discounts with logos and agent photo pics
  • Administration and finance department
  • Advertising and promotions department
  • Annually award convention
  • Attractive commission and excellent overriding structure
  • Coaching and training provided
  • Corporate advertisements on various medias
  • Corporate training
  • Free computerized financial and loan calculations
  • Free computerized properties available
  • Free computerized telephone home searches
  • Free computerized transacted prices
  • Project marketing opportunities and involvement
  • Referral fees from banks, contractors and movers
  • Free Web Page and Free Real Estate Internet Marketing software.
  • How To Market Yourself  By Internet Marketing.
  • How To List Yourself In Google,Yahoo and Bing. 
  • Coaching and Guidance By www.marktan.name
Call Me/SMS Me or E-mail Me @ mark.tan@gps.com.sg
For Real Estate By Mark Tan 938-747-86 Associate Branch Head 

 

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The executive condominium- Pasir Ris Town-Pasir Ris Drive 3 and Pasir Ris Link

Posted by Singapore Property Match on January 26, 2012

The executive condominium is usually found right in the heartlands. Many an executive condomnium is conveniently located near the town centre. This means amenities such as schools, eateries, shops and even a supermarket can be reached within minutes from the executive condominium.The executive condominium is much like the private condominium. The difference lies in the affordability of the executive condominium. There are however, some HDB procedures and policies to follow if you wish to purchase an executive condominium. Despite this, the executive condominium is in demand and the market for it will continue to grow. Catch the opportunity before it slips you by!

Located within Pasir Ris Town, this EC site is well-served by an efficient transport network that connects residents to the Pasir Ris MRT station and the Pasir Ris Bus Interchange. It is also located near the expressways like the TPE, ECP and PIE.Located fairly close to neighbourhood amenities (some minmarts, coffee shops etc)It is also within walking distance to Downtown East, where you find a NTUC and all kinds of F&B outlets.

Parents who need to put their kids into primary schools will be pleased to know that there are several school to choose like Casuarina Primary, Loyang Primary, Pasir Ris Primary and Coral Primary

The executive condominium is usually found right in the heartlands. Many an executive condomnium is conveniently located near the town centre. This means amenities such as schools, eateries, shops and even a supermarket can be reached within minutes from the executive condominium.

Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link,

Register Your Interest For Pre Launch Preview

Please email me @ mark.tan@gps.com.sg for update on Executive Condo Launch and Project Info.

Plus SMS update you when more details of the new Pasir Ris EC launch is confirmed.

Please Register by Email or SMS me

@ 938-747-86

www.marktan.name

www.gpsalliancesingapore.com

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Pasir Ris EC site sells for S$122m

Posted by Singapore Property Match on January 9, 2012

An Executive Condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Link has been sold to Ho Lee Group Ltd & Maxdin Ltd, after offering the highest bid of S$122.20 million (S$291 psf ppr) in a state tender that closed on 11 October 2011.

Can SMS www.marktan.name  938-747-86 request for update when showflat is ready

Can SMS www.marktan.name  938-747-86 request for update when showflat is ready

The site, which was launched for sale on 25 August 2011, is zoned for EC housing and could possibly yield up to 390 condo units. It has a total area of 18,576.1 sq m and a maximum gross floor area (GFA) of 39,009.81 sq m, with a gross plot ratio of 2.1.

Chia Siew Chuin, Director of Research & Advisory at Colliers International, said “new EC units at the site are likely to breakeven at about S$580-610 psf,” given its S$291 psf ppr land cost.

She added that site psf price is also some 10.8 percent above the land price achieved for the Belysa EC site located on Elias Road / Pasir Ris Drive 1, which was awarded in October 2010.

Li Hiaw Ho, Executive Director at CB Richard Ellis (CBRE) Research, agreed and noted that the 315-unit Belysa EC at Elias Road, which was launched on 11 May at S$670 psf, “was fully sold within one month.”

“The newest EC project, Arc At Tampines (574 units) at Tampines Avenue 8, reportedly sold more than 300 units in the past month. It was launched at the end of August 2011 at $720 psf. A new EC project on the subject site, which can yield around 390 units, may be priced at similar levels.”

He added that the site “is about 10 minutes’ walk from Downtown East and E!hub @ Downtown East. White Sands shopping mall and Pasir Ris MRT station/bus interchange are a short drive away. Future residents will be able to walk to Pasir Ris Park and the beach.”

pasir-ris-ec-site

Can SMS www.marktan.name  938-747-86 request for update when showflat is ready

Can SMS www.marktan.name  938-747-86 request for update when showflat is ready

To contact the journalist, you may send your message to editor@propertyguru.com.sg

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S’pore property agents told to avoid operating in Malaysia..

Posted by Singapore Property Match on July 12, 2011

Mon, Jul 11, 2011

Singapore property agents have been advised to avoid doing business in Johor because they may be unfamiliar with Malaysian regulations and laws.

Similarly, Malaysian real estate agents have been discouraged from looking for properties in neighbouring countries, particularly in Singapore.

Loo Kung Hoe, Chairman of Malaysian Institute of Estate Agents Johor Baru, noted that the institute had received several complaints from Malaysian agents that their Singaporean counterparts were operating in Iskandar Malaysia to search for and sell properties to their clients in Singapore.

“When Singaporeans purchase properties via their Singaporean agents, they do not need to pay income tax or commission to local agents and that would affect government revenue,” he said.

Loo argued that Singaporean agents were committing an offence under Section 22D(5) of the The Valuers, Appraisers and Estate Agents Act.

He revealed that there are currently 98 registered property companies with 1,000 agents attached to them, while 20,000 freelance or unregistered agents are operating in Johor.

“Instead of taking legal action against them, we want to educate them and urge them to work hand-in-hand with our local counterparts.”

“Singaporean real estate agents can pass the documents and desired property to the local agents so we can help them look for it,” Loo added.

He said that the body wants to encourage unregistered Malaysian brokers and agents to take courses and register as certified property agents to prevent real estate deals from going awry.

“We want to prevent the unregistered agents from misleading or duping investors or property buyers, especially foreigners, which would create a negative image for Iskandar Malaysia.”

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River Valley apartment sold en bloc for S$70.5m

Posted by Singapore Property Match on June 28, 2011

Singapore News

River Valley apartment sold en bloc for S$70.5m
By Julie Quek | Posted: 27 June 2011 1931 hrs

SINGAPORE : A 40-unit walk-up apartment at 402-414 River Valley Road has been successfully sold en bloc for S$70.5 million to Alliance Land.

This translates to a land rate of about S$1,139 per square foot per plot ratio, with a gross plot ratio of 2.8 for the 22,000-square foot site.

If the 10 per cent gross floor area for balconies is included, it will work out to S$1,035 per square foot per plot ratio, at a gross plot ratio (GPR) of 3.08.

According to marketing agent, Credo Real Estate, a new development built on the site can potentially yield an estimated 130 apartment units, averaging 500 square feet each, depending on layout and configuration.

Credo said the project is suitable for a boutique development with small apartment units, which will be popular with both local and foreign professionals and investors.

Owners of the district 10 property stand to receive gross sale proceeds ranging between S$1.75 million and $1.77 million each.

The sale is subject to the approval of the Strata Titles Board.

The site has a total gross floor area of about 68,000 square feet, including the 10 per cent gross floor area for balconies.

The existing development is understood to have been built in the early 1960s, making it part of the first generation of flat developments built in the post-colonial era of Singapore’s history.

Tenure for the site is rather unique – at 999,999 years with effect from 1962.

- CNA/al

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Looking For MarkTan or Mark Tan ?

Posted by Singapore Property Match on June 1, 2011

MarkTan or Mark Tan is can be connected @

www.marktan.com

www.sgpropertyeanted.com

www.propertyexpat.com

www.visitmarktan.com

www.gpsalliancesingapore.com

www.markiproperty.com

www.1000property.com

www.hsrproperty.com

www.singaporepropertyland.com

www.1officelease.com

Cheers

MarkTan Singapore

MarkTan GPS Alliance

MarkTan GPS Alliance

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Adam Park Condominium Photo-Picture

Posted by Singapore Property Match on April 25, 2011

Adam Park Condominium Photo-Picture

Adam Park Wanted !!!

Owner /Landlord More Unit Wanted For Sale or For Rent By Mark Tan 9090-8533

This slideshow requires JavaScript.

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Budget And Property Prices

Posted by Singapore Property Match on September 1, 2010

Budget And Property Prices

The rental prices fluctuate heavily depending on the supply and demand of the available units. The rental prices for private properties have in many places doubled in the last two years, as also happened during the 90’s property boom. The following table gives you a rough idea what you can expect with what kind of budget currently:

Location Property Type Rental Range
Central (Newton, Holland Village, River Valley, Orchard, Tanglin) 1-bedroom apartment S$3,000 – S$7,000
2-bedroom apartment S$3,500 – S$8,000
3-bedroom apartment S$4,500 – S$10,000
Penthouse / 4+ bedrooms S$6,000 – S$20,000
Terraced House S$6,000 – S$25,000
Bungalow S$15,000 – S$60,000
East Coast & Bukit Timah 1-bedroom apartment S$2,500 – S$4,000
2-bedroom apartment S$3,000 – S$5,000
3-bedroom apartment S$3,500 – S$7,000
Penthouse / 4+ bedrooms S$5,000 – S$15,000
Terraced House S$7,000 – S$10,000
Bungalow S$12,000 – S$40,000
Other Areas 1-bedroom apartment S$2,000 – S$3,000
2-bedroom apartment S$2,500 – S$4,000
3-bedroom apartment S$2,800 – S$5,000
Penthouse / 4+ bedrooms S$3,200 – S$8,000
Terraced House S$5,000 – S$10,000
Bungalow S$8,000 – S$20,000

Property Type – House Vs. Apartment

Expats typically live in either an apartment/condominium or a landed house. This is a matter of preference and budget. Typical condominiums in Singapore have multitude of facilities – e.g. swimming pool, gym, tennis courts, children playground, and BBQ pits. And they are usually within a walled compound with security guards around, although Singapore is not a dangerous place at all. Because the plot sizes are relatively small in Singapore, only the very luxurious landed properties have pools and other facilities. For somebody moving from a colder climate, you have to also remember that Singapore is in the tropics and there are more small animals (insects, geckos) around than you may be used to. These tend to cause more problems in landed properties, especially close to green areas. But if you have the budget, there are some very nice bungalows to live in that will give you the luxury and privacy that a condominium would not be able to do.

Transportation

Singapore has one of the most modern and best functioning transportation systems in the world, and travelling from any point in the island to another does not take long in normal conditions. Car ownership can be expensive in Singapore, but on the other hand the roads are good and less congested than in many other cities of similar population density. Public transportation is also very good, but tends to be more concentrated in areas where the Singaporeans live (close to HDB estates). In any case, unless you really live at the edge of Singapore, your commuting time would rarely exceed one hour.

Your main options for moving around are described below

Mass Rapid Transport (MRT)

MRT, Singapore’s metro/underground system, currently has 3 lines (4th being built currently). Our map search shows the location of MRT stations in Singapore. We will also give you details of the distance to the closest MRT station for each listing.

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HDB to raise income ceiling

Posted by Singapore Property Match on August 30, 2010

Aug 29, 2010
PM’S NATIONAL DAY RALLY
HDB to raise income ceiling
By Esther Teo

DBSS allows private developers to tender for state land to build public housing. They have flexibility in designing, pricing and selling the flats. — PHOTO: ST

THE Housing Board will raise the $8,000 income ceiling to $10,000 to give those caught in the ‘sandwiched group’ more housing options.

While the $8,000 monthly income cap remains for those buying Built-To-Order (BTO) flats, the ceiling for those buying flats under Design-Build-and-Sell Scheme (DBSS) will be upped to $10,000. DBSS gives private developers flexibility in designing, building pricing the units.

Prime Minister Lee Hsien Loong, who announced this at the National Day Rally on Sunday night, said the higher income ceiling will allow those caught in the $8,000 to $10,000 group to qualify for both DBSS and executive condominiums.

‘I think this group is quite anxious about falling in between, as they are not eligible for HDB and they can’t afford private property.. And because people are marrying a little bit later, so their incomes tend to be a little bit higher, so they worry that they will get promoted before they get settled. So we will do more to help them own their homes,’ he said.

Buyers of a DBSS will enjoy concessions given to those buying an executive condominium. They will be eligible for a housing grant and can arrange their own financing. While not quite doing away with the $8,000 ceiling cap, the new move, which many flat buyers have long clamoured for, will open up thousands of mid-priced units to the sandwich group.

A typical four-room BTO flat costs $300,000, a DBSS flat around $500,000 and an executive condominium around $700,000.

PM Lee also announced that the government will move to cool the private property market, but did not give details. ‘Otherwise you will remember nothing else about my speech,’ he said, to laughter from the audience at the University Cultural Centre.

The Ministry of National Development will announce details of the changes on Monday morning.

On public housing, PM Lee said the HDB will built 22,000 more BTO units next year. ‘So if you miss one BTO, don’t worry, the next one is coming… There are 22,000 new flats coming along and we don’t have 22,000 new couples getting married in Singapore every year,’ he said.

He added that the HDB will also speed up construction of flats and cut the waiting time, which averages three years now. He also assured flat buyers that HDB flats would be kept within reach of Singaporeans. The affordability of housing has been a hot-button topic this year, with many voicing concern over the surge in property prices.

PM Lee acknowledged that the influx of foreigners has impacted on housing demand, but he added that it was not the only factor. There were broader economic forces at work, he said.

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Singapore Standard Chartered Loan Package

Posted by Singapore Property Match on August 2, 2010

Dear All,

Below are the details of our current packages. You may prepare the following documents for a processing of the loan.

I have also attached a loan calculator which you can use for calculation of installments base on the static data you enter.

Feel free to call me at your convenience should you have any enquiries.

Thanks

For HDB & PRIVATE loans

*HOT SELLING!!*

No Lock In

1 year fixed 2 year fixed Refinancing Only

2 year fixed

1.5% cash rebate

Min Loan Size $100k $100k $100k $100k
Lock In Nil 1 year 2 years 2 years
Pricing
Y1 3m Sibor+0.75% 1.60% fixed 1.45% fixed 1.95% fixed
Y2 3m Sibor+0.85% 3m Sibor+0.85% 1.95% fixed 2.45% fixed
Thereafter 3m Sibor+0.95% 3m Sibor+1.25% 3m Sibor+1.25% 3m Sibor+1.30%
  • 0.3% (PTE) , 0.5%(HDB) legal fees subsidy capped at $2K
  • Free Fire insurance on the 1st year(PTE)

Throughout the loan tenure (HDB)

* Latest Promotion * - We are giving the extra $500 legal fee subsidy, on top of our standard legal fee subsidy of up to $2,000.

What is this guarantee about?

  • From 16 July 2010, we guarantee that we will give your customer a higher legal fee subsidy and an extra year of fire insurance coverage if he accepts our Mortgage Letter of Offer (LO) in the next 2 business days from the LO generation date i.e. T + 2 biz days.

What will my customer enjoy under this guarantee?

  • If your customer accepts our LO within T + 2 biz days, he will enjoy the following:

-          Extra $500 legal fee subsidy: Your customer will enjoy a maximum legal fee subsidy of $2,500 instead of the standard $2,000.

-          Extra 1 year fire/home content insurance: Your customer will enjoy 2 years free insurance coverage instead of the standard 1 year.

SIBOR stands for Singapore Interbank Offered Rate and is the benchmark for interest rates in Singapore. If your loan is pegged to SIBOR,

you can rest assured that your mortgage pricing will always reflect market conditions. Choose a 3-month tenure if you want to closely follow

the market, or choose a 12-month tenure if you want more stability in your monthly instalments.

As at 2 Aug 2010, 3-month SIBOR was 0.55%

How does the Sibor Pegged Rate package benefit me?

The Sibor (Singapore Interbank Offered Rate) pegged rates offer full transparency in mortgage board rate movements. Pegged to 3 or 12 month Sibor, home owners can have the certainty that interest rates may only be revised at specific frequency and not subject to irregular interest rate volality.

How does SIBOR and CPF pegged rates compare to board rates?

Board rate movements are not transparent to the public. Board rate changes are solely determined by the financier concerned and not marked to the market. Home owners do not have the assurance on the direction and the magnitude of the board rate movements vs Sibor-pegged rate

How does SIBOR rates compare to SOR rates?

Sibor is the rate at which banks lend to other another. It is a key component used by banks in setting their home loan rates. SOR is made up of Sibor plus the bank’s lending costs.

Documents required (for faster processing of your loan)

1. Completed Application Form

2. Photocopy of NRIC (front and back) or passport

3. Income Statement

Salaried

- Latest Income Tax Notice of Assessment; or

- Latest computerized pay slip; or

- Last 6 months’ CPF Contribution history

Self-Employed / Commission-based

- Last 2 years’ Income Tax Notice of Assessment only

4. For repayment using CPF: Last 6 months CPF Statement of Account and CPF Withdrawal Statement

5. For new purchase: Option to Purchase or Sale & Valuation Report

6. For refinancing: Last 6 months’ Loan or Bank Statements and CPF Withdrawal Statement

Mark Tan 9090-8533

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