Buy A Property

This is one of the all-time favourite questions that we like to ask home buyers/investors when we meet up for the first time.

This is a question which can be further broken down into further detailed questions:

• What is the objective? Home or investment?
• Is there a timeline to move in?
• Is there a holding period?
• Do you have a preferred area or district?
• Are you looking for a landed property, condo/apartment, HDB, commercial or industrial property?
• Do you have a budget in mind?

To have a meaningful understanding of your requirement and start the search, the above questions will always be asked.

This is the second question and is probably the most important question even before we start the search.

This is the most critical question as it will impact the eventual choice that you make.

What do we mean by finances? It doesn’t end with you as a buyer when you give us a budget. A budget is meaningless if it cannot be backed by an in depth understanding of your finances to support the budget.

Unless you are paying for the property in full cash (which is quite unlikely for local Singaporeans), a residential loan will always be taken up when you purchase a property. 

We will be asking for more in-depth details such as:

• Your current age
• Are you purchasing using a single name or joint names?
• Is this your 1^st, 2^nd etc residential property ownership?
• Do you currently have a residential mortgage?
• Do you intend to use your CPF OA account to finance the purchase or will you be paying in cash?

The information above will aid us in customising a financial plan for your upcoming purchase.

If a loan is required to finance the property purchase, we will guide you along and get our partner bankers to contact you to assist you with an In-Principle Loan Approval (IPA).Once this is completed, we can proceed to arrange viewings.

The time frame and payment milestones differ depending on whether one chooses to purchase a new launch development (Building Under Construction/BUC) or a resale property.

We will go through the timeline with you based on your choice of property and highlight the various obligations to be fulfilled till the transaction is complete.

When you buy a property in Singapore, you will need to pay Buyer Stamp Duties (BSD) in addition to the purchase price of the property.

Depending on your nationality, status or property count, there may be applicable Additional Buyer Stamp Duties (ABSD).

Buyers always ask if there are ways to avoid paying stamp duties. In short, the answer is no. However, if you are a Singaporean or a Singapore Permanent Resident (SPR) and depending on your situation, there may be ways to structure residential property purchases to minimise ABSD.

Please get in touch with us to find out more. 

Once your requirements and finances are clear, we will start the search for suitable properties. We will send you a list of possible targets based on your requirements and budget and perform an analysis on the unit.

We will also advise you based on the recent transacted prices and availability of suitable units.

At the end of the day, the transacted price is just a guide as it does not take into account of the internals of the unit (e.g. condition, interior design, age of renovation, any major remodelling done like amalgamation of bedrooms, hacking of walls etc.)

After you have viewed the suitable units, we would advise that you make a move on the units that you are keen on. Our modus operandi is to capture as many viewings within a limited time frame (e.g. no longer than 2 months). From our experience, good units that are priced reasonably are often quickly snapped up.

Often, we meet buyers who regret not making a move just because they felt that they have not seen enough units. By the time they decide to U-turn and make an offer for the chosen unit, it already has been sold.

During our meet-up, we will share our strategy for shortlisting units and the negotiation process. Rest assured that we will hold your hand during the whole process in order to help you get your dream home.

This is an exciting day for all our buyers!

If the unit you have selected is a BUC, we will be around to help you with your key collection and/or defects check. We have a list of reliable and experienced contractors and movers to ease your move-in process.