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Five Important Tips On How To Spot A Good New Private Property Launch

tips on how to find a good new private property in Singapore
  1. BUYING A NEW PROPERTY WITHIN YOUR BUDGET AND AT THE RIGHT ENTRY PRICE TAG

Many Singapore Property Investors are aware that much returns you make from a property investment is at the point of sale, but what many investors are not aware of is that it is already determined at your point of purchase. It is crucial to know the value of the property you are buying into.”

Property Investor must always  be sure that the property they are getting must be at market value or below value, not higher; you should not buy a property hoping that future transactions will support it. For example, if a project’s transactions are at an average of $1,300 per square foot (psf), anything lower, like $1200psf, is a good buy. You should never buy it at $1,400psf and hope that it will hit $1,500psf in the future.

  1. UNDERSTANDING AND RESEARCH ON GOVERNMENT DEVELOPMENT PLANS

 

The very first thing property buyers must do when researching a residential property, house or project is to check the URA Master Plan. Launched and formulated by the Urban Redevelopment Authority (URA), the Singapore Master Plan is the “statutory land use plan which guides Singapore’s development in the medium term over the next 10 to 15 years”

For any property in Singapore to have capital growth potential, it is paramount that there should be transformation in that area. 

Buyers are encouraged to study the URA Master-plan to observe which areas the Government will be developing in the future, as funds will be spent on infrastructure, points transport and amenities.

“Key points mentioned above shall promote and ensure growth in that area, which brings about capital appreciation towards over time.,”

 

PRO-TIP: Get the latest transaction prices per square foot in the last six months to perceived the current market price index.” This data is at hand on URA’s website

(https://www.ura.gov.sg and information on Singapore Masterplan )

 

  1. IMPORTANCE OF LOCATION

This is definitely a no-brainer when comes to choosing your dream home location. Unfortunately many buyers failed on this because they want the convenience of being near to someone dear to them altogether and with other emotional factors influencing them along the way making them buy a house that they thought was ideal on first sight. Many property buyers also got carried away easily by hard sales pitches and forgotten the impact they will face when buying and moving into the property which was largely driven by emotional factors. Ask yourself is this the real location that benefits you on the long run. Do not mixed emotional thoughts versus right location facts.

Avoid sourcing for new property alone , try engaging a professional specialist property agent who is familiar with various new launches or resale properties that he or she can shortlist a few of these for you to visit and compare

You and your agent can discuss on the pro and cons of a certain location where are all these good potential properties are located.  Avoid emotional buying. Remember the old saying “LOCATION” LOCATION” LOCATION” A lot of due diligence in locality research will be require on the buyers end.

Always remember that you are buying a property for the future, hence not just evaluating the appeal of the area is not just yet enough. Before you part with your hard earned money there are many intangible factors you must seriously consider about for example ask yourself “how this location will transform in the near future”.

PROTIP: When investing in a residential property, search for schools, amenities, community parks, or the presence of good transportation networks nearby locality or not.

Look for major infrastructure development by the government in the nearby vicinity.

  1. PREPARE TO ENTER THE PROPERTY MARKET

In the arena of buying property market, often the old saying comes true: The early bird gets the worm.

Many of times, it’s not the highest price offer for a property that gets accepted by seller, it’s simply the first offer. So if you are seeking for an awesome deal, act fast about it!

Many buyers understand a good buy does not comes easy at hand, but not many buyers comes prepare before they see or smell a good buy especially an undervalued property or a new launch special buy.

Get your financial housing loan sorted out before anything else; work with a trusted mortgage banker to find your housing loan limit.

Make sure that you are ready to react when you see a golden opportunity. By knowing your financial standing and going through your loan assessment beforehand with your banker, so that you can commit easily, rather than procrastinate and missed out an undervalued unit to someone else. Get a pre-approval from a bank so you can offer at any property straight away.

Engage a specialised real estate agent….A good real estate agent can analyse specific properties to give you an accurate price estimate. If they specialize in that area, they can also tell you about any government plans to develop the neighbourhood – not to mention give you good lobang for all the good fire sales or undervalue properties on hand.

You’ll have someone to help calculate your finances and plan your timeline. If you are buying your first property? You’ll need to calculate exactly what you can afford and leave out those you cannot.

  1. COMB THE NEIGHBOURHOOD BEFORE YOU BUY

You are investing in a property those likely costs years of your precious savings. Do get ready and prepare to go around scouting around the vicinity of your shortlisted property. This is very important paramount because besides knowing what you are buying you must also be aware what surrounds your property, so prowl the neighbourhood on foot, hunt for interesting sight and sound. Visit the nearby garden parks, shops, market etc. And at different times of day.  Do you like the nearby shops, restaurants and other amenities? Who frequents them and what kinds of atmosphere are within the neighbourhood?

Try to obtain information from the locals in the neighbourhood and ask if anything they do not like about staying in this location or something they like personally.. They are likely to tell you the truth and give you a better picture.

Also check your specific property projects or housing which are already there – are neighbours noticeably noisy during day or night time like vehicle noises like horning sound and traffic noises during peak hours are there upcoming planning whichwill change the area – for better or worse?

Felix specialises in real estate exclusive listings, digital sales marketing and leases. A trusted consultant to many successful property owners, perhaps the most compelling testament to his success is himself – through strategically analysing the market and well-calculated investments, he already owns local and overseas properties

Today, as a property consultant of one of the largest real estate company in Singapore, Orangetee and Tie Pte Ltd with a reputable track record, I wish to share my strategies for financial freedom with you. I hope to help you put in place a secure retirement plan and enjoy the lifestyle you have always desired.
To start with, I can help you identify a good value investment in today’s market. Also, I would like to advise you on the best ways of financing your property. For instance, is paying your bank loan a good or bad debt? Also, I can help my client unlock the maximum loan from the bank even though they have a car loan.
With the proven strategies from my team, I am confident of putting together a customized and exclusive retirement plan that can set you on the road to your Financial Freedom!
I graduated a Diploma in Mass Communications with a passion for video editing and graphic design and website designing. Get personalised investment advice from Felix here.

Felix specialises in real estate exclusive listings, digital sales marketing and leases. A trusted consultant to many successful property owners, perhaps the most compelling testament to his success is himself – through strategically analysing the market and well-calculated investments, he already owns local and overseas properties

Today, as a property consultant of one of the largest real estate company in Singapore, Orangetee and Tie Pte Ltd with a reputable track record, I wish to share my strategies for financial freedom with you. I hope to help you put in place a secure retirement plan and enjoy the lifestyle you have always desired.
To start with, I can help you identify a good value investment in today’s market. Also, I would like to advise you on the best ways of financing your property. For instance, is paying your bank loan a good or bad debt? Also, I can help my client unlock the maximum loan from the bank even though they have a car loan.
With the proven strategies from my team, I am confident of putting together a customized and exclusive retirement plan that can set you on the road to your Financial Freedom!
I graduated a Diploma in Mass Communications with a passion for video editing and graphic design and website designing. Get personalised investment advice from Felix here.

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