I think cheap does not mean it is good investment.

For property sector to grow, population and economy are the 2 important factors.

According to Singapore white paper, by 2030 they want to increase the population to 6.9m from current 5.6m.

Low unemployment rate is helping a lot. Low interest rate of around 2%.

Any good deals lately?

Any idea if it is difficult process to get a mortgage for a recent holder of an EP?

🤔 Loan Quantum not enough due to MSR?
🤔 Don’t wish to be restricted for 8 years (construction + 5yrs MOP)?
Looking for undervalued project?

Come to ⬇
*💝Affinity at Serangoon💝*
No need to ballot‼

SF along S’goon Ave 1 Near Postal Code S(535797)

🔸1BR from $712K
🔹1BR+S from $766K
🔸2BR+S from $1.012M
🔹2BRP+S from $1.075M
🔸2BRP from $1.154M
🔹3BR from $1.250M
🔸3BRP from $1.572M
🔹3BRD from $1.688M
🔸4BR+S from $2.065M
🔹5BR Strata Hse from $2.473M

㊙Undervalued Prime D19 development with future MRT + potentially MRT Interchange + potentially new NS line
Exponential capital gain potential

   
Information is accurate as at *[27/07/2019]* and Pricings are Indicative/"While Stocks Last“ Basis

Damn, property in Singapore is damn expensive indeed. This old property (10 years++) is selling for SGD2.5k per square feet, although I must say the view from the balcony is absolutely stunning and it is walking distance to Orchard Road.

3,225 sqft (duplex) going for SGD8mil, after conversion, it's RM27mil!!! 
Best part is, this 3,225 sqft unit doesn't feel too spacious at all, especially the rooms, compared to the average 1,500sqft+- condo in KL.

Property price in a 1st world nation....wooott!

Tu lan. LKY should have managed Malaysia for a while. I don’t even know any apartments that command RM 2.5k psf.

As a Malaysian, I intend to sell my apartment at Toa Payoh,
may I know what are the cost should I need to pay?

For 800k the stamp duty payable is $138,600.

Buyer stamp duty is 3% for property below $1million, 4% for property above $1mil.

Non singapore citizen need to pay additional buyer stamp duty (ABSD).
For foreigner, it is 15%
For permanent resident, first property it is 5%, second property onwardis 10%
For singaporean, first property is 0% , second property is 7%, 3rd property onward 10%

Hence, foreigner like malaysian pay 15% additional buyer stamp duty and 3%-4% buyer stamp duty, total 18% - 19%

ABSD was introduced in 2011 to cool dow singapore red hot market back then. HK, England, Canada Australia also impose additional on foreign purchase too.

Even though, there is ABSD, many foreigners are still buying singapore property.

only idiot foreigners will buy for investment. For settle down then it's ok.
Invest straight away lost 20%. LOL

Too much hot money from China to speculate like HK.

Foreigners investing in SG are thinking about “wealth preservation” and not so much of capital growth or chasing yield.