Factors Influencing the Property Hunt in Singapore:
If you have presently joined the bandwagon of property hunters there are three basic rules that govern your search. It is imperative that you are clear about your feature of influence. Be it unit pricing during your comparison analysis, the absolute basic size per square feet factor or the most popular one being the present and future market value of the property.
Keeping several factors in mind, it still is treated a better idea to invest in real estate in the Central Business District (CBD) of Singapore as compared to the outskirts. This property is expected to perform better. However it cannot be missed that this property also faces a greater degree of volatility and is therefore riskier to opt for. This is especially true for investors investing at higher Loan to Value rates.
Check out this Video on Video Marketing for Real Estate :
Latest Trends in Property Market in Singapore:
The beginning of the current year of 2013 witnessed a tirade of cooling measures accepted by the government for both public as well as the private property market in Singapore. These were aimed at moderation of residential property prices by cooling the demand and increasing supply. Done keeping in view the style of high liquidity and the low interest rates. The primary reviews with the first round of cooling measures left property investors happy, though everyone was not evenly satisfied. With extra measures introduced speculative buying decreased as the measures cautioned the property investors. The sales went down but that in no way influenced the rising property prices. To further escalate the effects the financing conditions were also put on a tighter leash. Some of these measures for Residential property are : Additional Buyer's Stamp Duty (ABSD) rates increased between 5% to 7% for permanent residents' first residential property and on natives 2nd residential property. Loan to Value (LTV) limits tightened for those with outstanding loans. Minimum down payment in cash for 2nd time buyers increased from 10% to 25%.
Current Projects in Singapore:
The talk of the town has been the very 1st ever eco-friendly residential project that was finished towards the end of 2012 under the aegis of Singapore's Housing and development board. The housing project uses green technologies and recycling water systems. It has opened up the possibility of more projects of the same nature coming up. Some of the current housing projects in Singapore are the Belgravia Villas coming up in Ang Mo Kio Singapore which comprises of cluster homes and will be launched this year. The Kensington Square@JalanLokam is another respected and iconic Freehold Property in Singapore.
