Buying a property in singapore, a good idea?

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Candy
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Buying a property in singapore, a good idea?

Post by Candy » Wed, 09 Mar 2005 11:45 pm

Hiya all,
I've recently arrived in Singapore. I'm interested in buying a property, partly as an investment. What are your views on the property market here? I'm originally from the UK, so even with some research I'm confused at the mentally of most people who prefer to rent rather than buy.
I've looked at Water place, the Bayshore and Cote a'zur and also some properties up north in Sembawang. Of all, I like the Waterplace, but its not my ideal property. I'm only considering it because its new, and more likely that I will get some return on it if I decide to sell in a couple of years. Any feedback? I would appreciate if anyone could give me any tips.
thanks

Singapore Property Search

 

Lucy

Apartment buying

Post by Lucy » Thu, 10 Mar 2005 3:09 pm

Candy

Now's a good time to purchase properties as the prices have generally been at its all-time low.

You can consider other options in the east coast like Cote azur located next to Parkway Parade or Decosia, Pebble Bay etc.
Perhaps you can call the sales persons at Sg Expats at 61000 300. They can help you.

Candy
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Posts: 21
Joined: Fri, 22 Oct 2004 1:44 am

Post by Candy » Thu, 10 Mar 2005 5:22 pm

Thanks Lucy,

As it happens I already have my own agents. I'm looking for some feedbacks from expats like myself. Just wanted some ideas from different peoples experiences with buying a property. For example is it possible for a foreigner to buy a freehold? (I believe the answer is 'no' but if you can find a loophole, let me know)
If anyone has brought a property recently, would you recommend it? Where and what are the best for investment properties??
please enlighten.

Guest

Post by Guest » Thu, 10 Mar 2005 6:44 pm

Candy wrote:Thanks Lucy,

As it happens I already have my own agents. I'm looking for some feedbacks from expats like myself. Just wanted some ideas from different peoples experiences with buying a property. For example is it possible for a foreigner to buy a freehold? (I believe the answer is 'no' but if you can find a loophole, let me know)
If anyone has brought a property recently, would you recommend it? Where and what are the best for investment properties??
please enlighten.
99 year properties are alright if you just intend to buy for a few yrs and then sell. I am an expat myself from U.S. And am also currently looking to buy an investment property here.

You should look around in these places which I find really beautiful:

1. Country Park- Very new, convenient to shops and supermarkets.
2. Villa Marina - Love the resort feel, great facilities, nice ambience.
3. The Bayshore - Nice facilities
4. Costa Del Sol - Sea view, brand new, best facilities around the East.
5. Butterworth 8 - Many expats living there now..
6. Camelot - River view, near Singaproe Stadium, close to one of my favourite Indian restaurants, great for night dining.
7. Costa Rhu - I live there now and am considering buying a unit as well, go for the sea facing units.
8. Cote DAzur - I like the convenience to the mall next door.
9. East Meadows - Great location and facilities, many expats live there.
10. Gallery 8- My friend lives there, the view is nice and it's quite new.
11. Landbay condo- Great facade, resort style, quiet with not too many residents.
12. One Fort- Latest in the eastern area, nice interior and layouts.
13. Paradise Palms- Great location, near to my fav. eating joints, Katong and also near the Parkway mall.
14. Pebble Bay-Lived there before I lived at Costa Rhu, one of my choices to buy as well.
15. Tanamera Crest- I was told by my friend that there is a good expat community in this area
16. Atria- If you like the seaview, this is one of the best views
17. Makena- Great expat community, lots of activities, nice pool, amenities, nice sea views, freehold.
18. The Palladium- Nice interior, small project.
19. The Waterside- Always on demand for renting.
20. Dunman View- Another great project, very new interior, nice fauna and flora...

So long as the projects are condominiums and /or above 6 storeys, foreigners are eligible to buy it. So no worries.

You should visit the above projects. Good luck. 8)

another point

Post by another point » Sat, 12 Mar 2005 4:08 pm

make sure u take into account stamp tax..and condo fees..if u buy and sell in 2yrs after, is it really worth it?..dont think anything here will appreciate substantially for awhile..way to much supply on the market..

Guest

Post by Guest » Sat, 12 Mar 2005 5:08 pm

another point wrote:make sure u take into account stamp tax..and condo fees..if u buy and sell in 2yrs after, is it really worth it?..dont think anything here will appreciate substantially for awhile..way to much supply on the market..
Cant agree more. You might end up losing

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