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

Posts Tagged ‘Singapore’

« Previous Entries
Next Entries »

The Nautical Sembawang Rd / Jalan Sendudok (District 27) Launching Soon

Posted by Singapore Property Match on November 21, 2011

The Nautical

Launching soon!

Call to preview and set sail within the comforts of a new development!
The Nautical offers living with a sense of wonder and luxury.

Allow the positive feel of Light Pasaage, Water Passage, Falls Passage, Sky Passage and the Courtyard to flow through your ideal place to call home.

Located in Sembawang within vicinity of schools such as Naval Base Secondary, Canberra Secondary and Republic Polytechnic, shopping malls like Sun Plaza, and the Sembawang MRT station. The Nautical is surrounded with greenery and private estates such as The Sensoria and Canberra Residences.

Don’t hesitate! Call me (Mark Tan GPS Alliance) at 938-747-86 to preview your ultimate destination! You won’t regret it!

THE NAUTICAL 

Unit mix,
1 Bedroom – approx (440+ – 570+ sqft) (41.25-53.22 sqm)
2 Bedrooms – approx (780+ – 970+ sqft) (72.53- 90.49 sqm)
3 Bedrooms – approx (840+ – 1,400+ sqft) (78.66-130.83 sqm)
4 Bedrooms – approx (1,630+ – 1,860+ sqft) (152.14-173.30 sqm)
Penthouse – approx (1,570+ – 1,940+ sqft) (146.37 – 180.48 sqm)
435 unit, Approx 442 carpark lots (excluding Handicapped lots)

http://www.gpsalliancesingapore.com/the-nautical-sembawang-road-jalan-sendudok-(district-27).html

http://www.gpsalliancesingapore.com/the-nautical-sembawang-road-jalan-sendudok-(district-27).html

THE NAUTICAL Secluded Privacy, yet conveniently close to urban essentials here @ JLN SENDUDOK.

The Nautical Launching in mid Dec 2011!

Posted in Property News | Tagged: , , , , , , , , , , , , , , , , | 2 Comments »

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.”

Posted in Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

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

Posted in 1, Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

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

Posted in 1, Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

CPF – CHANGES IN CPF MINIMUM SUM, MEDISAVE MINIMUM SUM AND MEDISAVE CONTRIBUTI​ON CEILING FROM 1 JULY 2011

Posted by Singapore Property Match on June 1, 2011

Dear Reader,
 
CHANGES IN CPF MINIMUM SUM, MEDISAVE MINIMUM SUM AND
MEDISAVE CONTRIBUTION CEILING FROM 1 JULY 2011News Release by:
Central Provident Fund Board
31 May 2011 –
CPF Minimum Sum

The Ministry of Manpower announced in August 2003 that the CPF Minimum Sum (MS)
will be raised gradually to reach $120,000 (in 2003 dollars) in 2013. The increase in MS,
which includes an adjustment for inflation, is to ensure that Singaporeans set aside
sufficient savings for their retirement. In line with this policy, from 1 July 2011, the
prevailing MS will be revised to $131,000, up from $123,000. Members who can set
aside the MS fully in cash can apply to commence their monthly payouts of $1,170
when they reach their draw down age. The new MS will apply to CPF members
who turn 55 from 1 July 2011 to 30 June 2012.
Medisave Minimum Sum and Medisave Contribution Ceiling

From 1 July 2011,
a.    The Medisave Minimum Sum (MMS) will be raised to $36,000 from $34,500.
Members will be able to withdraw their Medisave savings in excess of the MMS at or after age 55.
 
b.    The maximum balance a member may have in his Medisave Account, known as the
Medisave Contribution Ceiling (MCC), is fixed at $5,000 above MMS and this would be increased
correspondingly to $41,000, from $39,500.
 
As announced previously, any Medisave contribution in excess of the prevailing MCC will be transferred
to the member’s Special Account if he is below age 55 or to his Retirement Account
if he is above age 55 and has a MS shortfall.
 
The revisions to MMS and MCC are to ensure that Singaporeans have sufficient savings to meet
their healthcare expenses, and have been adjusted for inflation.
 
CPF Board organises free talks monthly for members reaching 55

To help members reaching 55 better understand the MS and make informed choices about
their CPF savings, CPF Board has been conducting free ‘Reaching 55’ talks every month for members.
The upcoming ‘Reaching 55’ talks are:Date:29 June 2011 (Wed)
Time:7.00pm – 8.30pm
Language:English
Venue:6 Shenton Way, DBS Building Tower 1, DBS Auditorium Level 3

 
Date:14 July 2011 (Thu)
Time:7.00pm – 8.30pm
Language:Mandarin
Venue:79 Robinson Road, CPF Building, Conference Room Basement 1

Interested members may register at the CPF website, or at any AXS station.
PUBLIC ENQUIRIES
Members with queries can call the CPF Call Centre at 1800-227-1188.Please visit link: http://mycpf.cpf.gov.sg/CPF/News/News-Release/N_31May2010.htm
 
Regards,

MarkTan

Posted in 1, Property News | Tagged: , , , , , , , , , , , | Leave a Comment »

The Canopy EC For Sale in Singapore By MCC Land launching

Posted by Singapore Property Match on March 17, 2011

The Canopy EC For Sale in Singapore By MCC Land launching.

Singapore developer MCC Land will launch its first residential project The Canopy EC this weekend.

The 406-unit 99-year leasehold project will offer condominiums ragning from 872 sq ft to 1,410 sq fit in two, three, and four-bedroom sizes. There will also be 22 penthouses from 2,088 to 2,239 sq ft. Prices will run from between S$600 to S$700 (US$459-535) per sq ft.

MCC has designed The Canopy to be as eco-friendly as possible and the BCA has already awarded the design with the BCA Green Mark Gold Plus Standard. “We made a conscious decision to build a basement carpark to maximise greenery on the surface level. Given that we are catering to families with young children, we want to ensure that there are enough open spaces. The apartment sizes are relatively larger than previous EC projects. With its affordable pricing, we are confident that The Canopy will attract a lot of interest,” said Tan Zhi Yong, managing director of MCC Land.

The Canopy EC viewing of showflat sms 9090-8533 Mark

Posted in Property News | Tagged: , , , | Leave a Comment »

INCREASE IN DC RATES FOR NON-LANDED AND LANDED RESIDENTIAL HOMES

Posted by Singapore Property Match on September 1, 2010

Developers will have to work in higher costs for new projects, as the development charge (DC) rates for both non-landed and landed residential homes have been increased.

They have gone up by an average of 13 per cent.

This is largely within market expectations, given the broad-based recovery in the property sector.

But the announcement comes one day after the government announced new measures to cool the property sector.

And analysts said this will cause developers to be more measured in their land bids and also in the en bloc market.

The residential sector is leading the increase in DC rates.

This is the tax payable by the developer when a property site is developed into a more valuable project.

This allows the government to have a share of the gains from the enhanced value.

Landed homes will see the average rates go up by 13 per cent – with the Sentosa area seeing the biggest jump of 36 per cent.

Meanwhile, the rates for non-landed residential use will also climb by 13 per cent.

The largest increase of 28 per cent will apply to city fringe areas like Tanjong Rhu, Farrer Park and Balestier.

The opening of the Circle Line has also pushed DC rates up for some locations. They included Braddell, Upper Aljunied, Bishan and Ang Mo Kio.

Analysts said this revision in DC rates is unlikely to have a significant impact on the property market. And what developers will be watching is how potential home buyers react to the slew of policy changes introduced by the government to rein in property prices.

Chua Yang Liang, head of research, Southeast Asia, Jones Lang LaSalle, said: “The DC rates component in most en bloc deals is usually quite small. The component is just about 5 to 10 per cent of the total cost.

“But going forward, because of the policies that have been effected today, I think the level of collective sales may see a bit of a slow down going forward, where developers may take a wait-and-see approach before they embark on new purchases.”

Meanwhile, the DC rates for commercial sites will increase by 1 per cent on average, with Jurong Lake District rising by 25 per cent.

Going forward, analysts said the rates could be a tad lower due to the policy changes, but some sectors will do better.

Dr Chua said: “The key impetus would probably be the IR (integrated resort); now it is in semi-completion state, so with further completion, say after the Circle Line comes in, the rest of the project completing, I think you can expect some revision in the Marina area going forward.”

The average DC rates for industrial use will rise by 10 per cent, with the Woodlands and Yishun area registering the largest increase.

In a statement, the National Development Ministry added that the DC rates for business zone commercial use have not changed significantly, while the levy for the remaining groups are unchanged.

The change in DC rates will take effect from September 1.

Posted in 1, Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

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.

Posted in 1, Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

International Schools In Singapore

Posted by Singapore Property Match on September 1, 2010

There are many international schools in Singapore to cater for the needs of expatriates. For most large groups of expatriates, you have a choice of sending your children to a school which follow your national curriculum and teaching is in your native language. These are the main international schools in Singapore – please check their websites for more information.

Australian International School

1 Lorong Chuan, Singapore 556818

http://www.ais.com.sg/

Bhavan’s Indian International School

11 Mt Sophia Blk E, Singapore 228461

http://www.biissingapore.org/

Canadian International School

5 Toh Tuck Road, Singapore 596679

http://www.cis.edu.sg/

Chatsworth International School

37 Emerald Hill Road, Singapore 229313

http://www.chatsworth-international.com/

Dover Court Preparatory School

301 Dover Road, Singapore 139644

http://www.dovercourt.edu.sg/

DPS International School

36 Aroozoo Avenue, Singapore 539842

http://www.dps.com.sg/

EtonHouse International School

51 Broadrick Road, Singapore 439501

http://www.etonhouse.com.sg/

German School

72 Bukit Tinggi Road, Singapore 289760

http://www.gess.sg/

Hollandse School

65 Bukit Tinggi Road, Singapore 289757

http://www.hollandseschool.org/

International Community School

514 Kampong Bahru, Singapore 099450

http://www.ics.edu.sg/

ISS International School

21 Preston Road, Singapore 109355

http://www.iss.edu.sg/

Japanese Kindergarten

251 West Coast Road, Singapore 127390

Japanese School (Primary)

95 Clementi Road, Singapore 129782 (Clementi Campus)

11 Upper Changi Road North, Singapore 507657 (Changi Campus)

http://www.sjs.edu.sg/

Japanese School (Secondary)

201 West Coast Road, Singapore 127383

http://www.sjs.edu.sg/

KGS International Pre-School (Japanese)

16 Ramsgate Road, Singapore 437462

http://pachome1.pacific.net.sg/~yoko/kinder/kgs.html

Lock Road Kindergarten

10 Lock Road, Singapore 108938

Lycee Francais De Singapour

3000 Ang Mo Kio Ave 3, Singapore 569928

http://www.lyceefrancais.edu.sg/

Norwegian Supplementary School

c/o Royal Norwegian Embassy, 16 Raffles Quay #44-01 Hong Leong Bldg, S048581Tel:

Overseas Family School

25F Paterson Road, Singapore 238515

http://www.ofs.edu.sg/

Rosemount Kindergarten

25 Ettrick Terrace, Singapore 458588

http://www.rosemount.com.sg/

Rosemount International School

461 Telok Blangah Road, Singapore 109022

http://www.rosemount.com.sg/

Sekolah Indonesia

20A Siglap Road, Singapore 455859

Singapore American School

40 Woodlands Street 41, Singapore 738547

http://www.sas.edu.sg/

Singapore Korean School

74 Lim Ah Woo Road, Singapore 438134

http://www.koreansingapore.org/

Swedish Supplementary Education School

c/o Swedish Embassy, 111 Somerset Road #05-01 Singapore Power Building,

Singapore 238164

Swiss School

38 Swiss Club Road, Singapore 288140

http://www.swiss-school.edu.sg/

Tanglin Trust School

95 Portsdown Road, Singapore 139299

http://www.tts.edu.sg/

United World College of South East Asia

1207 Dover Road, Singapore 139654

http://www.uwcsea.edu.sg/

Waseda Shibuya Senior High School

57 West Coast Road, Singapore 127366

http://www.waseda-shibuya.edu.sg/

We have provided some other useful websites for schooling matters:

Posted in 1, Property News | Tagged: , , , | Leave a Comment »

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

Posted in 1, Property News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

« Previous Entries
Next Entries »
 
Follow

Get every new post delivered to your Inbox.