New / Upcoming Launches
Top early 2015, 105 units of luxurious living at River Valley Close, freehold.
429 units, 2 to 4 bedrooms, Chestnut Ave, starting from S$7xxk, excellent location for own stay or investment.
|
|
|
Frequently Asked Questions (F.A.Q.)
1. Why invest in Singapore?
Ans: A country with great growth potential, forecasted to grow about 5% annually for the next 3 years.
2. What category of property are we viewing?
Ans: Selected potential, targeted for high potential gain property.
3. What kind of rental yield can we expect?
Ans: The rental yield you will expect from Singapore property is 3% to 5% yearly.
4. What kind of capital appreciation can we expect?
Ans: The expectation for the capital appreciation is about 10% and above, subject to economic situation.
5. What kind of price range are we talking about?
Ans: The price range is about S$1.5 million and above.
6. How much can I borrow from the bank?
Ans: The allowable bank loan is about 70% of the purchase price subject to approval.
7. What is the bank interest rate?
Ans: The bank interest rate is about 1.6% ~ 2.6%, subject to terms and quantum of loan.
8. How much cash do I need to prepare if I should want to purchase?
Ans: 1% of the purchase price is needed to confirm the purchase.
9. When do I need to make subsequent payment?
Ans: Another 4% (subject to vendors terms) will be needed to continue the purchase within 14 days, and another 25% will be needed within a month.
10. Is it safe to have the money kept by the lawyer?
Ans: The law in Singapore requires the money (29% of the purchase price paid up by the buyer) to be kept by the Singapore Law Society and will be paid to the vendor upon completion of the sales, which is about 3 month from the day of confirmation.
11. Is there any other hidden cost?
Ans: There are 2 other costs for the purchase of property:
a) About 3% of purchase price for stamp duty
b) About 1% of purchase price for legal fees
12. Any Legal legislation for foreigners to buy a property in Singapore?
Ans: Foreigners can buy any property in Singapore that has "Condominium" status in the title.
13. How should we meet up with the agent in Singapore?
Ans: Our agent will meet up with you at the hotel you will be checking in. We will need to know your time of arrival.
14. Who should we call when we arrive in Singapore?
Ans: You may contact any one of our Singapore office personnel as follows:
a) Mr. Abel Ong contact: +65 94878733
b) Mr. Tio contact: +65 98449769
15. Do we have to arrive at a definite time?
Ans: Preferably, arrive by 3pm a day before the program commences.
|
|