Usual Regulations in Singapore Real Estate

Prior to your purchase of a residential estate in Singapore, it would surely help a lot that you examine the endeavor first prior to jumping on it. For the last couple of years, the real estate industry in Singapore has gone through a drastic amount of change. This is true as far as the regulations are concerned. Basically, these are the rules involved in governing every transaction in the residential property in Singapore. This occurs because of the rapid surge that is going on with the prices of the property. This has turned out to be the major concern of most buyers out there.

The Latest Regulations

Here are some of the new regulations in the real estate industry of Singapore:

  • Loans – it was claimed that the Government has reduced the LTV or the Loan-To-Value to almost 80% from 90%. However, there might be a change – if the buyer comes with an existing home loan in the place, the next loan must be utilized for the residential property which is typically capped at 60%. This may discourage anyone who is out of money or budget.
  • Foreigners – this group is most likely to feel the new regulations so much because they are now asked to settle an additional buyer stamp duty which amounts to 10% which is now added to the existing 3%. This said the measure has affected the foreign investor interest so much. As a matter of fact, this will continue to be as such because the market still stabilizes as of the moment. On the brighter side though, investors which are originally from other countries would definitely find the tax privileges enjoyable. They are even at par with that of Singaporeans.
  • Corporate Entities – Any non-individual entity who purchases a property may be subject to the 10% additional buyer stamp duty. Aside from this, the LTV or the Loan-To-Value may be capped at around 50%. This is why financing in here turns out to be a way challenging venture to be a part of.
  • Permanent Residents – Most home buyers in the category are going to be pleased because they may have to note that it is actually their very first property. When it comes to this situation, the sole buyer stamp duty that has to be paid will go about 3%. But then, when a 2nd property is bought, the buyer can expect an additional 3% which is going to be levied on top of the buyer stamp duty of the prevailing purchaser.
  • Singaporeans – Well, this group is most likely to feel the effects but this does not mean that they are exempted of course. Basically, the purchaser in this category will be eligible for buying two properties which may be under the normal stamp of 2%. Basically, the additional 3% would have to be settled by the third purchaser of the property, if that is even applicable.

Needless to say, the measures are dubbed to be successful when it comes to weeding out most speculators out there who are set to drive up the prices of property in Singapore. These have to be noted.

Singapore real estate Investment Scams

Singapore real estate Investment Scams: here is a checklist of 7 ways to spot investment scams

Are you in Singapore trying to achieve financial freedom or perhaps trying to prepare for retirement. Making a sound investment is a potential means of achieving your financial goals. However, there are thousands of investors all over the world prying on this human desire. We are here to help you not handle your hard earned money to investment schemes which are nothing more than a lie.

To help protect your pocket and probably your future, remember to check the following red flags.
A promise of high return, low to zero risks.

Investment scam artist appeal to human nature of greed by insisting on the high returns only. When you ask about the projected returns, the scam artist will be quick to respond with a 100% safe promise, or that the risk is “negligible” with fewer details after that. In most cases, these scammers will tell you what you want to hear, that your money is safe.

When you encounter such response, you ought to ask in detail or find it yourself how the real estate company is to materialize the returns with no risk. If you notice that the explanation is getting twisted or forced, tread carefully. Always keep in mind that in business there is always a return trade off – a higher returns investment goes hand in hand with a higher risk.

Guaranteed capital

Most Singaporeans, like any other citizens, are risk-averse. Scam artist takes advantage of the thrill of keeping your money and making a profit. This gives investors peace of mind knowing that they will not lose money if you invest in the real estate scheme they are offering.
Commission for referrals

One of the most effective methods of marketing is a “word-of-mouth.” You will notice that some real estate companies promise lucrative commissions if you refer their schemes to family and friends. If you tell people close to you, their guards will be down as they trust you. In the end, you and the people you referred become victims of scam real estate investment opportunities.

Pressure tactics

Time is the only way to do due diligence on any company. Scam artist in real estate business now this and they will do anything not to give you time to think and do your research. Typical tactics to give investors pressure include claiming that there is a limited-time discounted price offer or there are incentives for on-the-spot sign-ups.


Nowadays scammer is not hesitant to invest in fake success stories. They will pay popular personalities to put phony success stories which wins trust from unknowing potential investors. So, unless you know the person personally, always take this testimonial with a pinch of salt.
Too good to be true investment schemes
Again, human psychology comes into play. We want to get rich fast and with as minimal effort as possible. Therefore, real estate scammer in Singapore will offer investment opportunity with short-term investment, high returns, low risk of capital and a solid track record. Immediately you see this you will jump on the deal instead of quickly walking away.

Singapore home buying guide

A good home is probably the most important asset. It’s why people spend a fortune paying for it. However, the process of purchasing such a piece of property is a daunting task for many. Singapore is a leading country in real estate. Here, you are free to choose from a range of house –executive condominiums to public housing.
Buying a house involves emotions. If not careful one can end being a victim of common potholes that majority of homebuyers don’t see. Let’s have a quick look at errors to avoid when purchasing a house in Singapore.

Failure to consider hidden costs

Many first home buyers narrow to down payment and monthly fees. These two might be the significant cost, but legal fees, stamp duties, valuation reports, and insurance comes with a price. With time, your home might need maintenance too. Too often, Singapore home buyers see only the price tag of the property as the only cost of buying a home. Therefore, before you commit to buying a property, it is wise to put some financial planning. Nowadays you can easily do it thanks to property budget calculator/affordability calculator to establish the entire cost of buying such a property.

Being emotional

Many of us have ever purchased something from a friend, or family member advised for it. When buying a house, you need your needs ahead of others. For example, consider how long you plan to live there, size of your family and most importantly if you can afford it. Note that the concept of “dream home” is subject to change with time.

Not getting the right mortgage and in prior

In Singapore, an Approval in Principle is a promise from the bank that they will grant you the mortgage to purchase the home. It, not a guarantee and things might change when you re-submit your application to get the loan. To be on the safe side ensure you have a good credit factor and use a mortgage calculator to get the right figures needed to buy the house. Use the mortgage calculator to calculate the figures you will need for New Futura Condo here.

Trusting verbal agreement

Verbal agreements are quick and easy. If the process of home buying under such agreement goes smooth, everyone is happy. Trouble comes in when something wrong happens. A contractual agreement is the only reliable evidence when establishing facts. Therefore, if you are buying a house because you like specifics, e.g., a hanging chandelier hanging from the ceiling, it is better to confirm it in writing. Make an inventory of such items plus photographs and have both parties sign.

Failure to consider the future resale

In Singapore, there are different home buyers from a first home owner, a young to large families. When buying a property it wise to ensure it will not sell at a loss in the future. You might start off with a small apartment, but as a family grows in numbers, you will undoubtedly need more space. The thumb rule of fetching a profit from the resale of a property is to ensure its near social amenities such as MRT, offices, schools, etc.
There are lots of dynamics when purchasing a property in Singapore. They are not the same depending on the type of property, location, agent, etc. Listen to the right people and use the right agents in Singapore to buy the range of house available.

Leisure, Comfort, and Luxury at Rivercove Residences Executive Condominium

rivercove residences

Are you willing to have your own home in the beautiful country Singapore? Are you seeking a home which has all the features that a luxurious apartment does have? Are you a fun loving, leisure and comfort lover and seeking to have all the best facilities nearby your home? Then just book your dream home now in the Rivercove EC.

Rivercove Residences EC is one of the best projects of Hoi Hup Realty which is expected to launch next year. This project resides in the Anchorvale Lane which is considered to be one of the posh, relished and best areas in terms of amenities it includes in the District 19 Sengkang. Amazing sightseeing, best facilities nearby, the centre of the city what else you wanted to have more in your home.

According to news, the bidding price of Rivercove is slighter higher than that of Hundred Palms Residences and therefore it can be really put under consideration too to have Rivercove Residences prices higher. It also considered breaking the records of Hundred Palms Residences of selling 100% of its flats in just 7 hours of opening the sale counter.

Register interest now at now before they sell out again!

Rivercove Residences EC Floor plan: After having a great success in Hundred Palms Residencies; Rivercove Residences EC is the next grand project of Hoi Hup Realty which is going to break all the records of success soon. Rivercove Residences floor plan includes 10 blocks of 16 storeys each which are considered to have almost 635 units of three to five bedroom sets.

Best amenities: Rivercove Residences EC is going to be one of the most luxurious and comfortable residences in the nearby locality which is expected to have various best amenities so that you should not need to go anywhere for all of your daily needs. Some of the best amenities that the Rivercove Residences EC going to have are: –

  • Swimming pool
  • Intercom
  • Park / Greenery View
  • Separate Maids room
  • Center water heater
  • Barbeque Area
  • Renovation
  • Barbeque Area
  • Car Park
  • Children’s Playground
  • Clubhouse
  • Fitness corner
  • Drop off point
  • Gymnasium room
  • Jacuzzi
  • Jogging Track
  • 24 hours security
  • Tennis courts
  • Pavilion

Riverside view: Rivercove Residences EC is residing near to the river Sungei Punggol from where the name of the project also has been derived. It is actually a wonderful project whose beauty and lavish surrounding really needed to be appreciated. Rivercove Residences is perfect for those who are nature lovers. What else most of the people expect in their daily life? Fresh air, greenery all around, playground of their children and much more which this location actually includes.

Educational facilities: This wonderful project lies near to the best primary school of the Singapore; Nan Chiau Primary School and thus best for all those young couples who are planning to get enrolled their children in one of the best schools. The education provided in this school is bilingual and also focuses on teaching the Chinese culture, and Chinese literature to the children too.

3 reasons to buy a house this year

Buying a house is a big investment and people give a lot of thoughts before deciding to buy a house. The prices of the house keep on fluctuating. You should look at the market trend and find out the best time to buy your house. This year is just perfect if you are thinking of buying a house. These are the reasons for it.

Low interest rates

The mortgage interest rate is quite low this year. On average, it is only 3.86% for a 30-year fixed loan. It is predicted that the interest rate will increase next year. So, your mortgage payments will be a lot less if you buy a house this year.

Lots of properties available

There are lots of properties available in the market this year. So, you have lots of choices as a buyer. You can get a property according to all your preferred criteria. More properties in the market have also stabilized the price of the houses. So, as a consumer, you will be a winner.

House rents are increasing

It is not necessary for you to live in the house you buy. If you already have a house, you can still invest in the property market. The house rents are increasing and you will be able to get good returns on your investment every month by renting out the property.

A property will not only give you a place to live but will also become a driver of income generation. As the interest rate is low and the inventory is high, this year is the best time to buy a property.

4 things you should know before renting a house


It is quite hard to rent a house nowadays. The rental prices of properties are rising and people find it difficult to juggle between their budget and need. Renting a house according to your preference can be a challenge. Before you rent a house, you should consider the following things.

The costs involved

You should be prepared to pay the deposit and the first month’s rent upfront. The amount of deposit varies, but on average you may need to pay the deposit for 6 weeks. If you have contacted a real estate agent for renting the property then you will have to pay them for their service. All these payments must be made before you even move into the new house.

Utility bills

You should consider the utility bills such as gas, electricity, water, etc. Sometimes, the landlord covers some of the bills. So, you should check your agreement to make sure the bills you will need to pay every month.

Check out the electrical goods

Some homes you rent are furnished, whereas others are unfurnished. In furbished homes, the landlord usually provides the basic electrical items like a refrigerator, washing machine, kettle, oven, etc. You should check out what electrical goods are available before you move in. Otherwise, you will have to buy the necessary items yourself and it may affect your decision of renting the property.

Consider the neighborhood

It is very important that you choose a house in a safe neighborhood. You can check out the crime rate of the area you are about to move in. You should also make sure that transportation, hospital, school, shopping malls, parks, etc. are nearby. Sometimes, you will get a house whose rent is low, but you will actually be spending a lot on your travel expense as the house is probably located in a remote location. You might save money by renting a house at a higher price in an area where public transportation is easily available.

Considering all these factors will help you to set up a budget for your house rent. You can be well prepared to cover all the hidden costs involved in renting a house.

Why is it a good idea to buy a land and then build a home from scratch?

[Meta Description: Though it’s a common practice to buy a ready-made home, many people are now considering buying land and then build a home.]

Though it’s a common practice to buy a ready-made home, many people are now considering buying land and then build a home. Well, there are some good reasons for doing so.

1. Customization

When you build a home from scratch, you will be able to actually have your dream home. You will build the home according to your design and preferences. You can have enough space to create a garden or a huge backyard space. The floor plan will be according to your choice. You won’t have to compromise on any feature of the home. This is not possible in case of existing homes.

2. Energy efficiency

As everything will be new in your home that you build, you will have better HVAC system, insulation, etc. So, you will be able to save a lot of money on your energy bills.

3. Better resale value

The upfront cost of building a home will be more compared to buying an existing home. But as your home is new, you will get a better resale value.

4. You can get discounts on building materials

If you know local suppliers then they may offer you discount for purchasing materials. You may have a friend who is an architect and would like to help you. You may arrange your own team and get discounts in many places. So, the total cost of building a home may not be as much as you think.

Building a home from scratch can be hectic. It needs lots of planning and time. However, if the end result is good then you won’t regret the effort you have given in building the house.