We are finding for a place of our own!

We recently researched on new condominiums, executive condominiums, and developer sales projects. These are some of the details we’ve gathered and would like to share with you regarding what we’ve learned thus far.

Executive Condos (ECs) will experience greater capital appreciation in the future because they can sell private property and receive grants to purchase subsidized units. MSR purchases by ECs are limited to 30% of borrowers’ gross monthly income.

Executive condominiums are subsidized by the government and are intended as investment vehicles for residential real estate. They are hybrids with the physical characteristics of private condominiums, including swimming pools, gyms, outdoor areas, tennis courts, and security.

Executive condominiums feature high-end amenities and security to ensure residents enjoy a luxurious and high-end lifestyle. They are similar to private condominiums in that they are attractively designed and constructed by private developers. Executive condominiums combine the low cost of public housing with the superior amenities associated with private condominiums.

Additionally, private condominiums are self-contained, private enclaves with landscaped gardens and sky gardens that are surrounded by walls and gates, ensuring complete privacy. In terms of amenities, an executive condominium is comparable to a mass market condominium.

A condominium is a non-profit legal entity that manages a common area of ownership through representatives elected by the owners through assembly. Condominiums are treated similarly to other types of property in that they can be traded or mortgaged in the same market as single-family homes. They can be owned in fee or by fee simple title, or in the same manner as other real estate, for example, by a trustee-held title.

Condominiums are built on leased land in countries such as Ontario, Canada, Hawaii, and the United States. Condominiums, abbreviated condos in the United States and the majority of Canadian provinces, are a type of housing that is not comparable to apartments but can be sold as real estate. A condominium is a building divided into several units, each of which is privately owned and surrounded by a publicly owned common area.

Along with tighter lending and purchasing restrictions, the average size of condominiums and apartments built on land acquired through government land sales has decreased over time. As a result, new private condominiums tend to be smaller in size than older private condominiums. The interiors of the houses are smaller, more compact, and less expensive than the land cost, and private condominiums have smaller floor plans than HDB flats or comparable flats.

One of the most popular arguments for investing in resale units is that experienced investors are better off with high-risk new rentals and start-ups. In comparison to your own unit, older condos are more likely to have issues such as clogged plumbing, yellowed walls, damp ceilings, leaking air conditioners, and faulty water heaters. New condominiums have fewer of these issues, and most developers offer a one-year defect-free period if discovered early enough.

Indeed, the likelihood of a resold condo being rented by a tenant or owner is nil. A restart can take up to two years before tenants can occupy the resold unit.

Midwood showflats feature a variety of floor plans that cater to a variety of buyer profiles. Midwood Showflats offers a one-bedroom floor plan tailored to investors for buyers looking for a smaller property.

Additionally, Midwood Showflat will offer larger units, such as three-bedroom apartments, which are ideal for large families looking for a brand new gated community or host family in the Hillview area. Hong Leong Holdings’ Midwood will meet these criteria due to the low initial outlay and lower prices compared to other new launches.

When you purchase a unit condo, you acquire private ownership of the unit’s walls and surfaces. Simultaneously, you share ownership of common properties such as elevators, clubhouses, swimming pools, gyms, tennis courts, and various other community centers with various other owners. They are assembled in complex projects for people who are in the market in condominiums in Singapore.

It is preferable to choose facilities that are close together, such as a barbecue area adjacent to three other condominium blocks, as this makes hosting parties easier. The amenities you prefer are usually within walking distance of your unit in large condominiums.

Consider which floor is closest if you adore the Garden of Heaven. This will assist you in determining which unit to select and maximizing your convenience in getting there.

You no longer have to waste valuable time searching for tasks that do not meet your specifications. You’ll need a certain amount of foresight and the ability to read the location of available properties. Orchard Road is an excellent location in the city. Close to shopping and dining hotspots such as Changi City Point, Singapore Expo, Bedok Point East Village and Bedok Market Place, and East Coast Lagoon Food Village, the urban environment offers limitless possibilities. Residents can enjoy a variety of condominium amenities at their residences, including outdoor dining pavilions, infinity pool clubs, lounges, party pools, aqua gyms, zen gardens, chill-out decks, spa pools, and hot tubs.

The Jovell is a cheap condo and is a low-rise building located just a few minutes’ walk from Changi Airport and the Singapore Expo exhibition hall. Hong Leong and CDL are developing the condominiums with striking and luxurious metropolitan concepts. It is located just five minutes from the airport and is conveniently located near all major expressways, including the PIE, TPE, and ECP.

Singapore is a small country in Southeast Asia, but it has developed into one of the best places in Asia to live, with the highest standard of living. Singapore is ranked as the region’s happiest country in 2018 by the World Happiness Report. According to global human resources consultancy Mercer, it is also one of Asia’s top cities for quality of life.

Singapore has grown from a low-income country with little industry and infrastructure to one of Asia’s largest commercial and financial centers since gaining independence in 1965. The city-property state’s prices have increased in lockstep with economic growth.

The Story Of Our Lives In Singapore Part 2!

Continuing from my previous blog post, I am going to talk about our experience on the location, Utilities and phone services

Location

After you have decided on the type of accommodation, you must also decide on the location. Few people who work in Central Business District (the CBD, in the south central part of the island) have the luxury of being able to walk to work, as there are few houses or apartments in the area. However, there is an abundance of real estate within a10 minute drive.

Popular areas include River Valley Road, which is lined with condos, and Orchard Road, Singapore’s main shopping street, where there are condos and a few houses – including the gorgeous shophouses at Emerald Hill, which are just behind the many shopping malls. Tanglin Road is at the top end of Orchard Road and has condos and some fabulous houses. However, these are prime neighbourhoods and prices are high.

A little further west are the cosmopolitan Bukit Timah and Holland Village, which are popular with expats, although there are also many locals in the area. There are plenty of good restaurants and bars in these areas and they are close to some international schools, which all adds to their appeal. Transport links are also improving, with a new MRT station due to open soon. While properties in Bukit Timah and Holland Village have a high price tag, areas like Queenstown and Clementi, which are nearby, are more affordable.

The area East Coast, which runs along the southeast coast towards the airport, also has its fans. Proximity to the airport and East Coast Park, with its beach restaurants, picnic areas and bike paths, are big selling points. New condos lining the East Coast Parkway have ocean views and excellent amenities, and the homes often have more outdoor space than those centrally located. Rents are also much lower here, although that’s not enough incentive to move east for some who find the 20- to 30-minute drive into the city too far. Woodlands, further north and a 30- to 40-minute drive away, is also popular with American expats, mainly because of its proximity to American School.

Useful information

Utilities

Sorting out utilities should be hassle-free as service providers in Singapore are generally well organised and efficient. Electricity is supplied by SP Services, who also act as agents for the Water Authority. One of Singapore’s three telephone companies (Singtel, Starhub and M1) can provide you with a landline. There is not much choice between them. Starhub can also provide you with a cable connexion TV which expats are usually very happy to install: The local channels show some popular American and British series and movies, but many programmes are produced locally and are quite lowbrow. Your real estate agent can help you contact the appropriate provider. You may need to provide them with a copy of your work ID and lease as proof of residency. Itemised bills will be sent to you on a monthly basis.

Phones

Mobile phones are something of an obsession in Singapore: almost everyone has one. Although mobile phones, or cell phones as they are called here, can be expensive, calls are relatively cheap by international standards. There are also great discounts if you take out a subscription for a fixed period, as opposed to buying a prepaid card SIM. The market is highly competitive and there are always new offers.

Help

Accommodation in Singapore often includes a maid’s room, although you might mistake it for a broom closet. Many locals and expats have a maid in the house. Most are from the Philippines, some are from Indonesia or Sri Lanka and almost all speak English to a greater or lesser degree. The role of the maid is negotiable. Some employ their maid to cook and clean.

Others, especially families where both parents work, employ a maid mainly to watch their children. Most maids do a little of both. Although many expats are initially uncomfortable with the idea of having a stranger living in their home, those who take the plunge are overwhelmingly happy with their decision. However, many choose not to and do quite well without.

If you do decide to hire a maid, contact an agency that will find you a maid for a fee, or look for recommendations on bulletin boards in shopping malls that are popular with expats. Expats leaving the country will advertise the availability of their maid to help her find work: If the maid does not find new employment, her former employer will have to pay for her repatriation (a maid can only stay in Singapore for as long as she is employed, plus a short time to look for new work after her employment ends, so you may have to repatriate her all the way back to her home country).

Whether you find a maid through an agency, a bulletin board, or word of mouth, it’s always a good idea to interview the maid at least once and talk to the former employer to get their honest opinion about the maid’s strengths and weaknesses. A good maid is a wonderful luxury that doesn’t cost the earth and is worth investing in.

The First Blog Post on The Story Of Our Lives In Singapore!

We have just moved from Tokyo (Japan) to Singapore. My husband found a job here and im still starting to find a job. A little sharing on our life here in Singapore. For the next few post, I will post on the real estate, schools, shopping in Singapore.

First impressions

No matter what time of year you arrive, no matter what time of day or night, when you step out of the airport, the heat and humidity hit you like a wall. The weather in Singapore is, I admit it, boringly predictable with temperatures ranging from 24°C to 32°C: great if you want a year-round tan, but not if you enjoy the changing seasons. That’s not to say you won’t need something warm to cover up with from time to time. Every building is air-conditioned, often to freezing, and going to the movies is like a trip to Antarctica. Rain falls most days somewhere on the island, often in torrential downpours, and there’s little to distinguish the rainy season (November to January) from any other time of the year.

The drive from Changi airport into the city is a wonderful introduction to life in Singapore. The roads are pristine and lined with palm trees and you will see breathtaking views of the river and Central Business District (CBD) with its towering skyscrapers, especially if you arrive after dark. Your driver will almost certainly speak English, or a Sinhala variant known as Singlish, and he will be happy to chat with you. Be warned, it is very likely that he will ask some very personal questions: It is not considered rude to show interest in a stranger’s marital and financial circumstances. Football is also likely to be a topic of conversation, as many Singaporeans are fans of the game.

Accommodation

Once you have settled into your hotel or serviced apartment and recovered from your jet lag, you will need to start looking for your new home. Space in Singapore is limited. The main island has a total area of just 680 square kilometres, an area roughly the size of the Isle of Wight. As a result, building tends to go up rather than out, and a large proportion of residents live in condominiums.

Flats 85% of Singaporeans live in high-rise flats built by Housing and Development Board. Most residents of these HDBs, as they are called, have bought their homes and the housing estates they are in are generally very well maintained. The HDBs are well connected to public transport and have their own shops and eateries. However, the facilities and ambience of the estates cannot be compared to private condominiums, and the recreational facilities pale in comparison. Although renting in an HDB estate is much cheaper than the alternatives, the number of HDB flats available is very limited. Consequently, only a small minority of expats take up this option.

Condominiums

Private condominiums, on the other hand, are very popular with expats and come in all shapes and sizes. Some condos have up to thirty floors, but there are also many condos with low floors. They can be found all over the island and are offered fully or partially furnished or completely empty. They offer a wide range of amenities, all of which are free to residents: almost all have a pool and often a separate children’s pool; many have gyms, tennis courts, and barbecue grills; some of the larger or more exclusive condos have squash courts, a driving range, and even a Tardis-like store, replete with everyday necessities.

Although private outdoor space is limited, ground floor condos sometimes have a small private patio, and condos on higher floors often have balconies – most of which are kid-friendly or can be made kid-friendly. Private condos are very secure and are guarded 24 hours a day. One of the best things about condo living, especially for newcomers to Singapore, is that it’s very easy for you and your kids to meet people: many firm friendships have been made on the condo playground or by the pool.

Houses

If living in a condo doesn’t really appeal, there are plenty of houses to suit every budget. Few modern homes, whether townhomes, duplexes or single-family homes, have much outdoor space (usually a small yard or garden) or amenities, although some offer a pool. For those who want a large yard, an old colonial home known as black and white (referring to the facades: white walls with black wood) is a better option. These government-owned properties were once the homes of British army officers and civil servants.

While there are a few small Black and Whites, many are palatial with separate rooms for the maid and plenty of room for a pool in their huge gardens. They are hard to come by, however, and you may have to get on a waiting list to get one. If you are lucky enough to find one, it won’t be cheap. In addition to the high rents, as a tenant you will be responsible for furnishing and maintaining the property.

For example, you’ll have to buy air conditioners and appliances, and pay for pool maintenance, a gardener, and someone to come in every week and kill the bugs. Besides the unwelcome visitors of the insect variety, don’t be surprised if you get a visit or two from a snake.

If you are looking for something out of the ordinary but don’t fancy a black and white house, or simply can’t find or afford one, look at a shophouse. These terraced houses are so called because their original owners ran a business on the ground floor and lived upstairs. Built in the 19th and 20th centuries and left to fall into disrepair for years, many are now restored and house restaurants, shops and offices. Some are also used as private homes. They are usually two or three storeys high, often very colourful, and have no outdoor space except for an occasional roof terrace. Many are beautiful inside, but not all are child-friendly, with koi ponds and open staircases. Shophouses are usually centrally located.