Singapore has long been the destination of choice for foreigners looking to experience the wonders of Southeast Asia in a location which boasts ultra modern facilities, some of the best shopping in the area and is incredibly safe, as well as being the ideal environment to bring up kids due to the simply world class array of great schools on the island. When you combine these attractions with cuisine that has been recognized by some of the world’s top chefs as being truly exceptional, as well as easy access on low cost airlines to some of the most exciting destinations in the region (Thailand, Malaysia and Vietnam are only a few) the it’s no wonder that many foreigners decide to purchase property on the island.
And it’s not only foreigners who are deciding to get on the property bandwagon. The pace of development in both the inner regions of Singapore and the ‘heartlands’ has got locals excited as well. There are a number of new developments in these areas that are attracting a lot of attention. One of these is the Forest wood Residences development which has been launched in the Lorong Lew Lian area of Serangoon.
This development is attracting all the right kinds of attention due to the fact that it is priced right due to the 99 year lease option that is available to prospective buyers and the fact that buying in the area is a great investment. If the trends established at other development sin the area are anything to go by Forest woods is going to sell out quickly.
The development is also extremely attractive due to the number of amenities that are within easy walking distance as well as the proximity of a number of public transportation options including Singapore’s incredibly efficient MRT rail system (Serangoon MRT station is only around 5 minutes easy walk from the development).
As far as shopping or retail choice is concerned staying at the new CDL development makes a great deal of sense. There are a number of modern malls within east walking distance of the development including NEX, the Upper Serangoon Shopping Center, Heartland Mall and the ICB Shopping Center. The proximity of these malls means that those purchasing units at the development will have easy access to retail outlets such as Cold Storage, Shop & Save, Giant and NTUC. This makes monthly or even daily shopping trips an absolute breeze.
Those with kids can be assured that there is an enormous choice when it comes to educational options. There are a number of international schools in the area, including the Australian International School and the Stamford American International School. There are also a myriad of home grown Singaporean schools to choose from – all boasting what has been recognized as some of the best standards of education in the world.
For foodies an apartment at Forestwood Residences puts them within easy reach of the famous Chomp Chomp Food Center which has an exceptional reputation for some of the best ‘hawkers market’ type meals in Singapore. There are also numerous Western style restaurants in the area which provide ample opportunity for those who want to explore different cuisines. Late night entertainment is also found in abundance.
For those who wish to explore the opportunity to purchase one of the units at Forest woods by CDL there are numerous choices. Apartments ranging from one to four bedrooms are available and there are 500 units to choose from. The development is 12 stories high and will boast some of the most exceptional views in Singapore due to the low rise nature of the surrounding neighborhood – a fact which will also allow for cooling breezes to flow over the apartment development.
Forest woods also boast all the modern amenities that any Singaporean condominium should have. A barbecue area makes entertaining a breeze and the pool and kiddies pool provides ample opportunity for the family (and friends) to enjoy some quality time together. A gym and yoga room, as well as a sundeck and viewing deck mean that keeping fir and relaxing is easier than ever before. The kids will also love the playground.
For those who want to invest in a great lifestyle in one of Singapore’s most exciting neighborhoods then Forest woods is the perfect choice.
The Singapore property market isn’t exactly a bright spot at the moment. Mortgage refinance rates have been fluctuating up and down causing concern with home owners, market is starting to get flooded with lots of new supply as well in 2017. But if you are thinking of selling your property before prices slip further, here’s some useful tips you may want to keep in mind.
The Seller’s Stamp Duty (SSD) was introduced by the Government on 20 Feb 2010 and was further revised on 30 Aug 2010 and 14 October 2011 in order to discourage property speculation. Properties acquired before 20 Feb 2010 will not be subject to SSD.
Currently, the Seller’s Stamp Duty stands at:
• Holding period of up to 1 year : 16% of price or market value, whichever is higher
• Holding period of up to 2 years : 12% of price or market value, whichever is higher
• Holding period of up to 3 years : 8% of price or market value, whichever is higher
• Holding period of up to 4 years : 4% of price or market value, whichever is higher
As you can see, the SSD can eat into your potential gains so you’d need to factor them into your final transaction price. The SSD is only applicable to private residential properties, whereas for HDB you’d need to meet the Minimum Occupation Period(MOP) of 5 years.
You might have bought your property in the last few years where the market was at its peak. With prices currently coming down and expectations of an influx of private property coming up, you’d have to be realistic about your asking price. Many seller advertise their asking price at a higher rate because they want to factor in the possibility of negotiation from the buyer. However, asking for a unrealistically high price will put off potential buyers from even contacting you. What you might want to do is to check out the recent transaction prices so as to have a fair estimate of your property’s valuation. Alternatively, your real estate agent will be able to help you gather such relevant information.
Yes, you do not need to engage an agent to buy or sell your property. But do you really want to go through all the hassle of administrative tasks and paper work and risk missing important legal details as well? A licensed agent will also have access to tools that you do not have, such as using specialised portals to market your property and help you negotiate prices with potential buyers.
You might also want to consider getting an exclusive agent so that he can handle all enquiries instead of having many agents trying to sell your house at the cheapest price possible.
Home-staging may not be a term most people are familliar with but the idea is not new. Home-staging refers to the act of preparing a residential property for sale by making it look more appealing. Some easy ways to do this is to give your place a fresh coat of paint, re-arrange your furniture to give it a more spacious look and mend all leaking ceiling and cracks.
If you are having a hard time finding a buyer and you are unwilling to let go of your property at the market price, you can always consider renting it out. Singapore has a huge rental market due to its large expat community and if you are able to get a reasonable rental yield, it can in fact be a better option to selling your property at a loss.
We hope this 5 tips will be of use for you. If you are not sure, you can reach out to any professional certified real estate agent to provide you with good advise on how to sell your place in a buyers market.
While the concept of a virtual office is not a new one, the availability and uses for the Virtual Office have reached new heights. In today’s society, telecommuting and technology have combined to provide an ever-increasing need to cut costs, be able to work from anywhere but all the while, to maintain (at least the appearance of) a stable and productive business location or office.
For some people, the cost of an actual office is just not financially. The reality is that it does take a large amount of capital and time to run an office effectively. From staffing issues to maintenance and janitorial issues, the costs of an actual office build up quickly. Add in the time that is needed to manage the office and it should be relatively easy to see why not every business is going to be able to go out and establish a physical presence in the “brick and mortar” world. With a virtual office space you are not actually renting square footage per se. A building owner can establish and house more virtual offices than they can physical offices. This drops the cost for the commercial property owner and ultimately, makes the rent for a virtual office space quite affordable to even the smallest of companies.
The great increase in telecommuting jobs and home-based business has been the saving grace for many individuals. “Work-at-home mom” type jobs are among the fastest growing segment of new jobs created in many countries these days. Still, it may be difficult to invite a high-paying client into your home with your kids running around, dirty laundry laying around or other typical issues in the family home … all while maintaining any semblance of “professionalism” for your business. Many of the virtual offices available these days provide the added benefit of having very real office locations where you can hold face-to-face meetings with your clients. This may or may not be necessary for all businesses but it certainly remains an added advantage for those people who may need it.
Watch – How Virtual Office Works Video
One of the primary concerns with most home-based businesses is the need to outsource a large portion of the work. This often involves people from different nations and can cause a certain amount of consternation for both the customers and the business owners. A virtual office allows the business owner to have a real, established address even a phone number in many cases, in a more prominent location, native to the majority of the clientele. Image means a lot to the consumer and if the business has an address in a third world country, the risk of losing large amounts of business is pretty good. Having that “physical address” in a developed nation can ultimately make the difference between a commercial success story and becoming a failed statistic.
If a business is in need of office space but money is tight and personal circumstances prohibit travel, the virtual office is almost a necessity. Whatever the reasons may be for the need for a virtual office though, it is always beneficial to go with people who are experienced in such matters as well. This is most commonly done through websites since most of the communications can be handled directly online. It is also very easy to get more information about the people who are contracting out the virtual office space. Unfortunately, the scams have become as prevalent in the online and virtual worlds as they have in the “real” world. It is always a good idea to discuss all of the available options with professionals who can help to define needs and solutions for getting a virtual office.
Marketing and selling a large commercial property is a lot different from slapping a for sale sign up on a house in a crowded, residential neighborhood. While many of the principles regarding real estate sales will still hold true, the marketing needs an entirely different approach if the commercial property agent really wants to be successful and not just “one of the guys” … so to speak. Industrial and Commercial Real Estate sales are an entirely different ballgame and the individuals involved in the deals will often be much more complicated to deal with than the newlyweds anxious to purchase the first garage they come across with a house attached to it.
Marketing is one of the most important aspects of commercial real estate sales. While marketing may be easy, marketing to the right people and moreover, actually getting the message to those people is where the commercial property marketing tactics can get a little bit tricky. One of the greatest places to start is within trade magazines. Even so, it is important to let technology run its course and to look a little bit deeper. Most of the print publications these days realize their deficiencies even if not all of their advertisers do. Once an ad is out in print, it is there to stay just the way it was put in. It also tends to go out to a lot more limited audience than may be preferred or needed to successfully sell a commercial property.
Most of the major print publications these days also have online media outlets that are great for advertising commercial property. It is important to go the traditional route but it is also necessary to utilize as many venues as possible in order to get up to date, important information to all of the potential buyers of commercial real estate. Online advertising generally allows you to reach a wider, more directly targeted audience with current, constantly updated information regarding the commercial property for sale. The ability to transmit information quickly and accurately can seem like a moot point to some people involved in commercial real estate deals that often take months to close but rest assured, when the time comes that the data has to be there quickly, (generally at very awkward moments during board meetings or other venues where it is not easy to get away) a failure to deliver the information will blow the deal every time.
One of the most powerful tools in the arsenal of a real estate sales person, for residential or commercial properties, remains good, old-fashioned networking. Now this should not be confused with reminding your in laws or your neighbors what you do while you are lounging around and enjoying a few adult beverages. When you are networking, you need to find ways to associate yourself with others who will be actively involved in transactions regarding industrial or commercial properties for lease or for sale. Networking like Marketing, must be focused and precise if it is to be effective. You can easily spend all day at any major public transportation hub and tell lots of people what you are doing but it is not very likely to yield any positive results. Rather, look for trade shows that feature industrial or commercial products, businesses and opportunities. Likewise, conventions where there will be major players from industrial and commercial businesses will allow you to make more contacts that are much more likely to generate productive sales leads.
While advertising is always going to be an invaluable tool when it comes to any type of sales work, including industrial and commercial property sales, it is never going to offer anyone a complete package deal. It is up to the motivated commercial property agent to discover new, relevant venues to let people know who they are and what they do … and to let them know that that is exactly why YOU are the one to go to when it comes time to find a commercial property for lease or for sale.
Any form of investing to successfully expand your investment portfolio, your personal holdings and increase your personal net worth carries some sort of risk. The decided advantage goes to the individual that can invest wisely with less risks and finding all of the advantages of different types of investments. There are many different advantages to investing in commercial real estate and many of them include commercial real estate that actually has nothing to do with commercial properties in the classical sense.
In this day and age, the global economic crisis is causing many homeowners to lose their homes. Now while this is certainly a tragic event, it does present some unique opportunities for the willing and ably prepared real estate investors. With the market value of so many valuable properties being depreciated on a regular basis, a global financial crisis centered around far too many residential properties and new home sales down as far as they are, the real estate market for residential properties is amazingly profitable for many venture capitalists who have already diversified their interests and are looking for more and new lucrative real estate market opportunities.
Whether it is Condominiums on North Beach or residential mansions for sale in some of the more desirable locations around the globe for retirement living or raising a family, home prices are dropping and will inevitably bottom out soon enough. For the real estate investor who is willing to take advantage of this amazing combination of circumstances, the investment and potential returns are likely going to be a literal, once in a lifetime opportunity. Imagine being able to invest in vacation homes in some of the most popular vacation destinations around the globe. In this market, you do not have to imagine it. These are commercial real estate investments only insofar as they are a commercial investment and not simply purchasing properties built for commercial or industrial use.
Many nations around the globe are already taking steps to close these “loopholes” for the savvy real estate investor but the opportunities still remain, if not for a limited time. Chinese investments in US real estate are climbing to record highs with the newfound wealth of a more commercially friendly China and the depreciated property values in the US making commercial real estate investment there a really profitable venture.; The North of Spain and many other locations throughout the country are actively taking steps to limit the amount of property that foreign investors can acquire there but for the investor who has already purchased commercial properties there, any new laws passed will have to afford them to be “grandfathered in” despite the new laws and regulations regarding commercial investments in real estate.
For the large commercial property investors, there are even greater opportunities available in this lucrative real estate market. There was recently an entire high-rise condominium tower for sale at an amazingly low price right in Miami Beach. At the time, there was only one family living in the entire tower. While the real estate management company had made attempts to buy the one family out, they decided to stay. Still, the opportunity for a real estate investment like that does not come along very often at all. More often than not, commercial properties on such a large scale have to be built from the ground up. Whether it will be an individual or a group of investors who finally do close such a massive real estate deal, the profit margin on their return of investment should be a nice, tidy little sum.
Granted, there are plenty of equally wondrous opportunities in traditional, commercial real estate properties and they should not by any means be discounted. However, when any individual or group is investing in commercial real estate, they need to carefully consider all of their options. The advantages of investing in commercial properties are and will remain numerous. However, one of the most important rules of successful investing means being able to think outside of the box and not limiting oneself to the more traditional way of thinking. Investing in commercial properties is done for the sake of making a profit or return on the initial investment. To capitalize on the advantages of commercial real estate investment means you never discounting any option without looking at all of the potential detriments and benefits.