How much do we exactly understand about the Property Agent’s Commision? There was an article released back in Feb 2021, titled “Spike in property agent commissions may draw greater scrutiny given its wider impact”. It sparked the interest of many, wondering how much do property agents really earn?
Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. As an investor, we see interest payment as our expenses in the mortgage repayment.
In a recent news article, a 66-years-old retiree paid an additional S$160,000 in cash on top of the downpayment for a 5-room HDB in Pasir Ris, due to cash-over-valuation. One possible reason behind the buyer’s decision is the fear of prices increasing due to the COVID-19 situation.
There was a series of news articles discussing the old story of URA’s issuance of no-sale license to Kingsford Huray Development due to its poor workmanship for Kingsford Waterbay and Kingsford Hillview Peak. This topic resurfaced in the news due to the launch of Kingsford’s latest mega project, Normanton Park.
Land tenure simply refers to the lease duration of the land. As investors, we want to make sure that our investment properties have longer land tenure so that banks are able to give us the maximum loan tenure.
Earlier this year in February, the Government announced the Singapore Green Plan 2030 during the Budget 2021 speech. Under this new initiative, the Singapore Green Building Masterplan (SGBMP) focuses on sustainability in the built environment. As end consumers, we as investors should be concerned with the costs involved in the construction of Green Buildings.
Talks on En Bloc has always been one of Singapore’s favourite topics. As publications continue to write and publish more articles on this topic, there have been speculations about whether there will be an en bloc fever in 2021.
“With the recent updates and changes in Development Charges (DC), we take a look at how each sector is affected.
DC is a tax that is levied when planning permission is granted to carry out development projects that increase the value of the land. Development charge rates are reviewed every six months and the latest rates were released on 1 March 2021.”
After taking into consideration expenses such as construction costs, legal fees as well as profit margin, One-North Eden can be expected to be priced at an estimated minimum of S$1,707 psf. However, if we factor in the average overall price of a unit for a 1 BR, 2BR and 3BR in the area,, we estimate the project to be priced around S$1,900 psf.