Successful Purchases For BUC Projects
Mr & Mrs Wong called upon me for a discussion as they saw my ad on decoupling and investment. We had 2 meetings. The first is a brief touch based on their financial. The second was a detailed calculations which we discussed and to see whether its viable for them to decouple and invest.
Based on their budget, we managed to secure a 2 bedder unit at The Reserve Residences in May 2023
Ms Lai wanted to invest in a private property and she saw my brochure and called me for a discussion. She furnished her data and i calculated her finances. However, to her dismay, she is not able to hold 2 property due to her income constraint. Subsequently, she decided to purchase a 1 bedder at Jadescape in Nov 2020 after my advice.
Raymond & Elaine was a previous client of mine, whom i sold their HDB in 2015. They bought a condo subsequently. In March 2023, they asked me for advice on whether they can afford to purchase another unit for investment or capital appreciation. We brainstorm and managed to decouple for their unit. They managed to purchase a 2 bedder Botany at Dairy Farm.
Kenneth is recommended to me via his sister. He wanted to purchase a property for his son. However, his son have not reached the age of 21 therefore he can only purchase the property under a living trust. We scoured around and purchased a 2 Bedder at Pullman Residences for his son in March 2022.
In 2015, Mr. & Mrs. Kok upgraded to an Executive Condo. After five years, they sought a new location near an MRT for their children's school commute. Initially planning a larger joint purchase, they instead opted for a resale condo for themselves and a 1-bedroom unit for investment, with Mrs. Kok choosing Jadescape and Mr. Kok securing a 3-bedroom condo
Will this be your first property?
This is a question i will ask my buyers as i need to know what are their goals and what are the fees that will affect them such as Stamp Duties, Additional Buyer Stamp Duties, Seller Stamp Duties etc.
Types of Nationalities also plays an important role as Singapore Citizens, Permanent Residents(PRs) and Foreigners pay different amount of stamp duties.
Second Property for Investment
Buyers who intend to buy a 2nd property or more have to consider the MSR (Mortgage Servicing Ratio) in mind and how much can they borrow from the banks and how much CPF can be utilised.
Foreigners Buying Properties in Singapore
If you are a foreigner and intend to invest in a property in Singapore, you have to check what type of properties you are eligible to buy and what type of Stamp Duty is applicable.