Frequently Asked Questions
Should I buy a New Launch with the Prices getting high?
Selling - I want to know how much I can get for my property now. Request for Bank Valuation /Indication. Renting - I want to know how much the rental can I fetch for my property.
Yes. We are working with a Panel of Experienced Valuers and Mortgage Specialists to assist our clients.
For Sale, Bank Indication is only one indicator. For more accurate estimates we can arrange a face to face meet up to discuss more.
For Rent, We can send you the latest last done transactions with the unit numbers for internal use references.
Floor plan - Do you have the floor plans with dimensions?
We are offering free floor plans extracted from the brochures and catalogues from the developers.
There are some is drawn to scale and some that are not.
Enbloc - May I check if my Condo have Enbloc Potential?
Yes, we have a backend algorithm to calculate the possibility for En-bloc Opportunity. Contact us with the name of the development.
Home Buying - Can I view the Condo Showroom?
Home Buying - What is the downpayment now for buying private properties?
For First Property Loan,
You can get up to 75% loan.
You need to be prepared
Minimum 5% Cash
Minimum 20% Cash/CPF
Stamp Duties (Approx 3% – 4% Depending Purchase Price)
(For CPF Only Ordinary funds Only (cash if shortfall).
We can make recommendations of competitive interest rates with an in-principle approval before the home search.
Home Buying - We are holding to Employment pass for 5 years, can we buy property in Singapore?
Foreigners are only eligible to purchase non-landed private property however there is an ABSD of 30%. Applies to foreigner’s purchases.
Many of our clients will purchase upon getting the PR status. Contact us to discuss more.
Foreigners Eligible for ABSD Remission under Free Trade Agreements (FTAs):
- Nationals and Permanent Residents of Iceland;
- Liechtenstein;
- Norway;
- Switzerland;
- Nationals of the United States of America
Home Buying - I am 30 years old single male Singaporean. earning $5.5k per month I am wondering if I am able to buy a condo at this moment.
For First Property Loan,
You can get up to 75% loan.
You need to be prepared
Minimum 5% Cash
Minimum 20% Cash/CPF
Stamp Duties (Approx 3% – 4% Depending Purchase Price)
(For CPF Only Ordinary funds Only (cash if shortfall).
We can make recommendations of competitive interest rates with an in-principle approval before the home search.
EC - Can I buy a new Executive Condomium (EC) if I currently own a HDB or DBSS flat?
Yes, but you and/or your spouse
- MUST dispose flat within 6 months from date of issuance of TOP
- MUST have already stayed in your flat for at least 5 years if bought direct from HDB or with a grant.
- MUST have fulfilled your MOP before this EC gets TOP , if you bought resale flat without a grant.
- Have not bought a flat direct from HDB or with a grant more than once
All that you need to know FAQ for EC
FAQ- FREQUENTLY ASK QUESTION about Executive Condominium (EC)
Sellers - When can I sell my Executive Condomium (EC) unit?
You can be sell EC unit in open market to Singapore citizens or Singapore PRs after 5 years minimum occupation period which starts from date of TOP. After 10 years, it will be fully privatized. It can be sold to anyone, including foreigners or developers.
For Home Owners. List Your Property at Zero Cost (Limited Time Offer)
Developer Sales - Do I have to pay commission to agent for purchasing a property (New Launch)?
No, you do not have to pay agent commission for purchasing a new launch condo. Agent will assist you in the entire process of financial planning, balloting and booking the unit from the developer.
Renovation- I need a Flooring Supplier for my property. Common Popular Choices? Vinyl Clip-On Systems.
Frequent Used Contractors:
https://www.facebook.com/sgbestfloor
Person in Charge – Jason 8588 9798
Developer sales- When is a good time to buy new launch condos?
Buying new launches during the VVIP 1st Launch generally gets you better deals and more choice of units, but don’t blindly rush into any new launch.
Do your research, compare the new launch with its competitors, and run the numbers.
Financing - Why you shouldn’t fully redeem your home loan.
- You can use the money to clear other high-interest debts.
- You can use the money to work harder for you.
- You need to set aside some emergency funds (if you haven’t done so).
- Consider partial repayment of your home loan instead
What’s the minimum amount required for partial repayment?
For HDB housing loans, here’s the minimum amount for partial repayment:
- Loan commencement date was before 1 April 2012: S$500
- Loan commencement date was on or after 1 April 2012: S$5,000, with increments in multiples of S$1,000
The minimum amount is the same for bank loans from OCBC and UOB, at S$5,000 and in multiples of S$1,000. Another condition that UOB has is that the loan tenure should be at least five years.
On the other hand, for bank loans from DBS, the minimum amount for partial repayment is S$10,000, in multiples of S$1,000.
What else to take note?
Whether you decide to repay your home loan fully or partially, if you’re taking a bank loan, take note of the early repayment penalty (there’s no lock-in period for HDB housing loans). You may want to do it after the lock-in period has ended. The lock-in period can last two to five years.
Rental -Can I rent out my hdb that I owned and move to a Condo (By renting or Buying)
You can rent out your whole flat if you are a Singapore Citizen, and if you and your tenants meet certain conditions. (Your HDB should meet MOP- 5 years)
If you own an HDB and a condo, you can rent out either one or stay in both properties.
If you need help in renting out your property.
Advertising - I would like to sell my office. I have a Business to Sell. Can you also do?
Yes. We Can. Contact us
For Rent - What your Services Includes? Do you help to manage the Property for the Entire Lease Period or end your services upon secure a tenant for us?
We are here for long term. Landlords that appointed us. We will be servicing you and act for your interest in rental-related matters.
Upgrade HDB to Condo - Is it a good Move?
The decision to upgrade from HDB makes sense. Now what? Moving houses and purchasing new properties always bring out dilemmas, but there are many questions that you might have when deciding whether or not this is right for your family!
Commissions- What is your Agent Fees?
You can check out our professional service fee for selling or buying a property.
Renting /Relocation - I am relocating to Singapore in three months time. I need a place if you can help me.
We are proficient in assisting be it renting first or buying.
Your requirements are needed
- Where your child is studying.
- Where your Office will be.
- How many of you will be staying.
- Any rent / price guide you are looking at.
HDB- My HDB is going to turn MOP. When is the earliest I should appoint an estate agent to market my unit? Condo/EC- My Condo will meet the 3-Year SSD / 5- Year Period. When is the earliest I should appoint an estate agent to market my unit?
We recommend 3 – 4 months before your Property MOP. Contact us for planning.
Advertising- I am an Owner/Landlord of a few houses. Can I list my Property for Rent / Sale on your Website?
Most of the property portals does not allow Landlords or Property Sellers to list the property directly. We are offering this services on our portal for a limited time. This includes Condo, HDB, and Commercial Properties.
For Home Owners. List Your Property at Zero Cost (Limited Time Offer)
Financing- Why should I do mortgage refinancing?
1. Get a lower interest rate, lower your monthly repayments.
2. Avoid being locked in to a high interest rate for another three years.
3. Get equity from your current mortgage for other use.
Those who should consider mortgage refinancing are:
- People in the third year of their loan package, who are not under a lock-in
- Landlords who need to keep repayments low
- Investors who are looking to sell in the short term
- Homeowners need to cash out without selling.
New launch - How much will I forfeit if I have already exercise the Sales and Purchase Agreement, but have not taken possession of the unit?
Once the Sale Completion has taken place. You are the official owner of the title. You will not be able to reverse the decision.
You can list the property for sub-sale. You can appoint us to the be Listing Market Agent.
Commercial - I have a business for Takeover /Assignment. - Can you assist me?
Yes. We assist clients for the assignment of businesses. The service fees for Takeover will apply based on 10% of the Takeover fees or one month of the newly signed rental contract whichever higher.
Advertising - Can I buy Ad Space on your Website?
Rental - When can I rent out my entire EC unit? Rental - When can I sublet my EC bedroom?
Whole unit leasing EC –
Renting out of whole EC unit within the 5-year Minimum Occupation Period (MOP) is not allowed, unless for valid reasons and subjected to HDB’s written approval.
For Rooms Subletting EC –
During the 5 year MOP which is computed from date of TOP,an EC owner and is members stated in the application must be in continuous physical occupation of the EC unit.
You may sublet the other bedrooms in the unit but you must retain at least 1 bedroom for your own physical occupation. You must register the subletting of bedrooms with HDB within 7 days of doing so. You are also required to notify HDB when you renew or terminate the subletting of bedrooms, and when there are changes to your subtenants’ particulars.
Developer Sales - How much will I forfeit if I give up the Condo ( BUC) after paying the 5% booking fee but before execute the Sales and Purchase Agreement?
The developer will forfeit 25% of booking fee.
Developer sales- What if we buy at a higher price, can we get a refund?
Developers are not legally required to refund the difference in price to early-bird buyers.
In certain instances, developers have given some form of compensation as a form of goodwill.
Is Geylang Properties a good investment?
Coliving- Who will be staying with you?
Co-share tenants can be students or professionals working in similar industries. Should have a lot in common to talk about. It’s like living in a really chill, laid-back co-working space.
Rental - Can I rent out my landed property to unrelated tenant?
For all types of private residential property, total unrelated occupancy cap is 6 person. Including the landlord and the family members.
If you are not renting out your property you can stay more than 6 person provided they are all your family members.
Home Buying - I am a first-time buyer and recently I got my BTO. I am wondering whether should I accept my BTO or buy a condo for as a better investment?
We have been seeing a higher trend that home buyers are turning to Private Properties and aiming to own 2 properties in a household.
You may wish to contact us for a detail financial planning.
Buying - 1) We want to Upgrade from HDB to Condo. 2) We want to sell our Landed to Buy a Condo. 3) We Want to downsize our place. Can you advise us?
Yes. Our Team will be able to handle the entire sales process after understanding your needs. We first provide a property’s home value report and advise on what is next.
Make confident property decisions with advice from our Buycondo.SG community of experts
