Cognitive Agents

My Real Estate Blog

HDB Flats in Singapore: Government Initiative

August 4th, 2011

The government of Singapore prioritizes home ownership of its citizen. They created the Housing Development Board which is task to build, sell, and help in financing Singaporean buyers to own a condominium-style flat. Currently, there are several 30-story buildings that offer affordable flats. It is relatively easy for their citizens to own a flat; however, it is bounded by rules that aim to protect the value and the quality of the structures of the flats.

Residency before Selling the Property
hdb flats in singapore government initiative

According to the rules of the Housing Development Board of Singapore, owners who are not subsidized by the government are required to reside in their homes for a minimum of 3 years before reselling it to another owner. However, those owners who are subsidized are required to reside there for a minimum of 5 years before they are allowed to sell it.

Renting Out Rooms
renting out rooms

According to the rules of the HDB, owners of flats having a minimum of 3 rooms can rent out their extra vacant room without approval from the board as long as the owner or the family of the owner still resides in the flat. However, if you are planning to rent out the whole flat, you must be able to reside in it for 3 years if you are nonsubsidized; subsidized flats require 5 years of stay before they are allowed to be rented out. Approval is also needed prior to renting out the entire flat.

Financial Hardship
financial hardship

The HDB allows flat owners who are suffering from financial hardship to pay their arrears in an installment basis within a given fixed period. They also allow those owners with loan installment periods of less than 30 years to extend their payment period up to 30 years. Moreover, they allow flat owners to remit 50-75% of their normal mortgage for at least 6 moths initially.

Investing in the Real Estate Industry

November 8th, 2010

A home is something that almost any person aspires to own. For most, it is one of the main motivational factors as to why there is a need to keep on progressing in a given career. The idea of eventually being able to afford a nice home for oneself and his family is such a strong driving force that some people are willing to wait years until they get the home of their dreams. Another reason someone might hold back a home purchase is because the real estate industry is filled with great opportunities of buying low and, possibly in the far future, selling high.

Waiting might not always be the best idea, though. Aside from just waiting, why not try to plan and make the situation turn to your favour? If you are looking to invest in a nice condo unit, for example in Singapore, here are a couple of things that might help you do just that.

investing in the real estate industry

First, you need to research and find out where the latest condo projects are, and if you can get access to knowing the upcoming ones, you better. In other words, be knowledgeable about the latest trends and highlights in this area of real estate to help you make more informed decisions. Hire someone to keep track if necessary.

Second, remember that location is of utmost importance. Cheap is not always the way to go because there are many low-priced condo units available, but they are in poor locations that will not turn a future profit and, much worse, might even decrease in value over time. There are, however, high-priced condo units located in high-end areas that could double your purchase price in years to come.

high priced condo units

These are just a couple of tips to help you tilt the scales of favor to your side a little quicker.

Real Estate Investment in Singapore: Buying and Renting Properties

July 24th, 2010

If you are looking to invest your money in a smart way, investing in real estate is not a bad idea. This is primarily because the value of the land and a well-taken-care-of house never really depreciates its value. Thus, owning real estate today, and selling it in the future will let you earn a lot of money.

Singapore is a place where you will be able to find real estate properties that you will be able to invest in. As long as you have the capital and you know how to find a valuable property, then it’s safe to say that you have made the smartest decision in your entire life.
real estate investment in singapore buying and renting properties

How to Invest in Real Estate in Singapore
renting properties

Find ways to increase your capital by putting money on your saving’s bank account. It is very important that you should take note that in order to own a real estate, you should have the money to pay for the down payment; the rest of the payment may be paid on an installment basis.

Join real estate investment trainings and seminars. Make sure that these trainings/seminars are organized by certified training centers. However, you can also learn about real estate investment through self-help books or useful articles you can find in the bookstore or over the web. If you opt to choose sources from the web, make sure that you get information from a credible and trusted website.

Know how to identify motivated real estate sellers. Sellers that are very motivated usually want to sell quickly because their major concern is to make instant profit. This type of seller will usually price the real estate for a very small price.

Be equipped with the ability to assess the durability of the house’s structure and foundation. If you are not skilled with this, consider availing for the services of an appraiser.

A down payment is required for you to be able to own the title of the real estate. Make sure you already have the money as you go house hunting since it is very important that you purchase the lot as soon as possible to prevent the opportunity from slipping away.

Create equity of your new home by renting out to those who are interested as soon as possible. This will help you pay for your mortgage.

You can use the equity as down payment for investing for another property and rent it out to those interested as well.

investing for another property

Tips for Making Relocation Painless

September 19th, 2009

Life could be filled with many surprises sometimes that you find yourself needing to move to a different place just to keep a job or get a better job. Getting your dream job is not as easy as you thought would be when you as a kid were first asked, “What do you want to be when you grow up?”. You quickly realize as an adult that it takes a lot of hard work and sacrifice to achieve what you set out to do, and sometimes moving from one place to another is a part of that quest. Moving is also not as simple as packing a few boxes and heading on out, especially if you already have been settled in the place where you are currently at. So if you plan on relocating, for example in Singapore, the one thing that could really help and make things easier is to find a good company that offers relocation services that will take away so much of the pressure.

Aside from a reliable movers company, it also is a good idea to prepare yourself for a couple of things on your for making relocation painless

Organizing simply makes life easier. That is something you need to remember when on the process of moving. It is nice to be spontaneous. But when it comes to moving, you might want to be more predictable. Keep a to-do-list that contains details of the move from the time of your departure to where you should put your favourite memorabilia.

Being in a new place could be a little overwhelming, especially if the move requires you to be in a place with different culture. So take time to know your new environment before you move, and it should make the move less of a shock. Local news and blogs about the place is something that will be most helpful when it comes to this aspect.
relocation new environment

Know the people that you will be dealing with. Having a social network even before you make the move is a good way of finding out things about your new home. It will also be a good support system and will allow you to feel less lonely when you arrive.
know the people

Another thing that most people tend to take for granted is the idea of not giving up a long-term commitment right away. What this means is that you should try renting first before buying a house. Have a shorter lease if possible. That way, you maintain some sort of flexibility just in case things do not pan out as you hoped.

The Importance of a Broker when Buying a Home in Singapore

June 10th, 2008

Buying a home is one of the most important things in life for most people. And sometimes in the rush of things, people tend to forget that it is still important to make sure that they are on top of every detail about the purchase. It is a known fact by everyone that buying a home in Singapore is in itself costly. So some think that getting a broker or a real estate agent will simply cost them more. However, any condo, apartment, or home buyer needs to realize that expertise will always cost money because experts help save time and sometimes even money. A broker would have the kind of inventory that a buyer may not have access to, and he knows the things to be avoided so as not to cause any delay or penalty.

Here are some things to ask when trying to decide which broker to go with.the importance of a broker when buying a home in singapore

Ask how long has the broker been doing his job because experience should not be understated. After all, that is the main reason you are willing to pay a fee – because you need the assistance of an expert.

Check if he is the kind of broker that works on weekends because the real estate business usually does not take weekends off, as property owners commonly only have time for viewing during the weekend. It is not all the time that the property you are interested in is unoccupied.

Also make sure that he is a full service broker because if you are going to pay a commission, you might as well get your money’s worth. Make sure he will be responsible for all the paperwork that needs to be done as processing could be a pain. And this is what you want to avoid, which is your reason behind going with a broker in the first place. Keeping your broker with you until the deal is complete is important.

Stuffs You Need to Know about Singapore

May 11th, 2006

Singapore is one of the most beautiful countries in Asia. And even with a small land area, it boasts one of the strongest economies, which could be attributed to an ideal location for migration and commerce from different parts of the continent. The colonization of Singapore by the British did not hurt its economic progress but allowed for a more Western influence when it comes to economic infrastructure.stuffs you need to know about singapore

With its strong economy and high quality of living, its real estate market commands some of the highest prices in Asia. Owning a luxury home in Singapore is not for the average person, and oftentimes a high-end condo is just the equivalent of a high-end real estate in other areas of the world. This is because Singapore is more known for building upwards when it comes to homes due to its limited land area.

It also has done well against world economic crisis. Singapore real estate has continued to provide good returns for its property owner. Mostly, this is attributed to several factors, and one of them is its relaxed rules when it comes to property ownership by foreigners.
singapore range of attractions

Aside from a strong economy, Singapore also offers a vast range of attractions for travelers and immigrants.

Travelers have lots of things to do while in Singapore. One of the first things that a traveler should try is to visit the National Orchid Garden and inhale the perfume of 10,000 orchids. It is a 74-hectare paradise of tropical forests and parkland, which could turn anyone into a nature lover. For a couple, it might be an awesome idea to eat dinner in the world’s biggest observation wheel. With 42 storeys, sky dining at the Singapore Flyer is something that should not be missed. There also is a trip to the Marina Bay Sands, which offers a Las Vegas feel with its casinos, canal, and malls. And of course, what is a trip to Singapore without trying their hawker food markets?

For the immigrants or for those who want to work in Singapore for an extended time, there are plenty to look forward to. First is the overall environment. It is one of the cleanest places in the world, mostly because of the government rules and regulations in place to make it happen. It also has one of the lowest crime rates in the world, and that should be a good reason for a move from your hometown. Second, the economy is booming as its currency has remained one of the strongest in Asia. With large companies still investing and with a strong transit and telecommunications infrastructure in place, there is no reason to see its growth slowing down anytime soon.

Relocating in Singapore: What you need to Consider

September 14th, 2005

Singapore has been a home for some of the big companies in Asia for over a couple of years now. It has been one of the countries in Asia where there are a lot of relocating overseas workers. Relocating in Singapore is easy if you know what to look for and where to look for it.relocating to singapore what to consider

Depending on whether you are planning to stay in Singapore for the long term or short term, you can now actually own a home there for a very low cost. However, this cost largely varies according to the location of the property you wish to buy.purchasing a home for relocation

Things to Consider when Purchasing a Home for Relocation in Singapore


Before you go looking for an available house to buy, you must decide on which area in Singapore you wish to live in. Take the location of your workplace into consideration. Aside from that, consider the accessibility such as the availability of public transportation and the distance to other establishments. Some people prefer to be within short distance from the mall or school.


You must be able to decide on the size of the house. This may largely depend on the number of people who will be living in the house since this will dictate the number of bedrooms that you will need. However, it is very important to note that the larger the area, the higher the price of the house.


Determine how much you are willing to spend in order for you to own a home. With a budget, you will be able to narrow down your choices.


There are houses that are situated in subdivisions or real estate that actually have various facilities such as swimming pools, tennis courts, and gym. Decide whether you want to live in a place where these facilities are present.

Things to Remember When Investing in Property in Singapore

May 16th, 2003

Investment is a good idea for maximizing any type of income that you may have, whether it is compensation or business. Making your money work for you is always something that you need to put in mind, especially if you are hard at work eight hours a day or even more. It really does not make sense to put your money on things that will not give you gains and even possibly decrease in value over time. Instead, make investments and put your money on things that will increase in value over time, like a nice property in Singapore. Some refer to this as property investment, in which investment is made in the form of a piece of property or real estate.

If this article has peeked your interest a bit, then read on for some tips as to how to make a sound investment on a piece of property in Singapore.

First, always remember that the bigger the down payment, the better. This will help you lower costs by accruing less interest based on a lesser principal amount, which otherwise would be higher if you would not put up a bigger down payment. Plus, some institutions in Singapore even offer a different interest rate for larger down payments.
things to remember when investing in property in singapore

Second, try smaller banks because some larger banks are stricter with their guidelines and even offer higher interest rates sometimes. Especially if you can only afford minimal down payment, it is important to shop around with local banks.
investing property singapore

Third, be conscious but think outside the box too. When on the cusp of facing a property purchase that has high profit potential, look for other sources of cash that will allow you to have renovation money to improve the property right away or when you find yourself with no down payment. The important thing is you acted with due diligence and are more than fairly certain about how profitable it could be.