Buying properties in Singapore is expensive
It is no secret that buying a property in Singapore is an expensive affair. With land scarcity in Singapore, it is a constant stiff competition between developers to find a good plot of land to build properties. It is no wonder home purchases or rental costs are often considered as big-ticketed items for anyone living in Singapore.
Thankfully there are a slew of resources to help you better understand the property landscape in Singapore!
Property blogs help you understand the property landscape in Singapore!
Whether you are a first-time homeowner, property agent or real estate investor, you definitely want to stay abreast of latest updates within the property landscape or upcoming property projects. This is where subscribing to property blogs can be extremely helpful!
Breaks down complex terminology
There may be times whereby we come across certain property lingo that leaves us scratching our heads. What is a freehold condominium? What does T.O.P (Temporary Occupation Permit) mean?
While certain terms may be unfamiliar to those working within the real estate industry, most of us may not be entirely familiar with these terminology. This is where property blogs help to break down these complex terms into layman words, allowing us to better understand these real estate terms as well as the context that they are typically used in.
Provides unbiased reviews on various types of properties
From HDBs and Executive Condominiums to landed houses and residential cum commercial properties, there is a wide selection of properties here in Singapore. So which should you purchase or invest in?
Property blogs help to provide you with the lowdown on the various types of property in Singapore. This could include in-depth analysis of the number of floors, expected completion date, and indicative prices. Some property blogs even provide additional details such as amenities and background of the developer.
Shares latest updates and news on properties in Singapore
The property landscape in Singapore can be fairly unpredictable. An en-bloc announcement on a particular property can cause the property’s price to suddenly shoot up. Or perhaps with the Government’s announcement on building a new MRT line, rental prices for residential properties along the new MRT track may gradually increase.
Given the unpredictability within the real estate industry in Singapore, you definitely do not want to miss out on any news or updates. Subscribing to a property blog is a great way to stay updated with the latest developments within the real estate industry in Singapore.
Offers a community of like-minded individuals
Got a burning question regarding a new property development in Singapore? Or perhaps seeking some investment advice on a certain commercial property? The best place to start is by reaching out to other readers of property blogs!
Besides bringing people the latest news and developments within the real estate industry, property blogs also provide a platform for like-minded individuals to connect and exchange any ideas or comments regarding the property market in Singapore.
Connects potential buyers with property agents and vice versa
Some property blogs offer a platform for property agents to advertise their services, allowing potential home buyers to connect with established and credible property agents. This helps to streamline and speed up the home-buying or home-rental process!
Here are the top 20 property blogs in Singapore to check out:
Whether you are looking to stay on top of real estate trends in Singapore or intending to purchase your very first home, here are some of the top 20 property blogs in Singapore to check out:
Property Blog |
Stacked Homes |
| Speciality |
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| Website | https://stackedhomes.com/editorial/#gs.rhqhdf |
| Contact | hello@stackedhomes.com |
Property Blog |
99.c0 |
| Speciality |
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| Website | https://www.99.co/blog/singapore/ |
| Contact | 6464 0552 hello@99.co |
Property Blog |
Propseller |
| Speciality |
|
| Website | https://propseller.com/blog/ |
| Contact | Contact via form here |
Property Blog |
PropertyGuru |
| Speciality |
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| Website | https://www.propertyguru.com.sg/market-news |
| Contact | Contact details here |
Property Blog |
DollarBack Mortgage |
| Speciality |
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| Website | https://dollarbackmortgage.com/blog/ |
| Contact | consult@dollarbackmortgage.com +65 9816 4855 |
Property Blog |
iProperty |
| Speciality |
|
| Website | https://www.iproperty.com.sg/news/ |
| Contact | 65 6255-4411 info@iproperty.com.sg |
Property Blog |
Property Soul |
| Speciality |
|
| Website | http://www.propertysoul.com/ |
| Contact | Contact via form here |
Property Blog |
Property Invest SG |
| Speciality |
|
| Address | 120 Robinson Road #15-01 Singapore 068913 Road |
| Website | https://www.propertyinvestsg.com/ |
| Contact | Tel: (65) 6123 4567
Email : admin@propertyinvestsg.com Contact via form here |
Property Blog |
Second Property Investors |
| Speciality |
|
| Website | https://www.secondpropertyinvestors.com/blog/ |
| Contact | Contact via form here |
Property Blog |
iCompare Loan |
| Speciality |
|
| Website | https://www.icompareloan.com/resources/ |
| Contact | 9782-8606 / 6100-0608
sales@icompareloan.com |
Property Blog |
Jack Seo |
| Speciality |
|
| Website | https://www.jacksheo.com/blog/ |
| Contact | 65-9337-8483
jack.sheo@gmail.com |
Property Blog |
Bluenest Blog |
| Speciality |
|
| Website | https://blog.bluenest.sg/ |
| Contact | Contact via form here |
Property Blog |
Estate Magnates |
| Speciality |
|
| Website | https://www.estatemagnates.com/ |
| Contact | 65 96329840 |
Property Blog |
Selling Singapore |
| Speciality |
Services:
|
| Address | 480 Lor 6 Toa Payoh, Singapore 310480 |
| Website | https://sellingsingapore.com/ |
| Contact | 65 8157 4855 sellingsingapore65@gmail.com |
Property Blog |
Propwise |
| Speciality |
|
| Website | https://www.propwise.sg/ |
| Contact | info@propwise.sg |
Property Blog |
Holland Property |
| Speciality |
|
| Website | https://hollandproperty.com.sg/ |
| Contact | Contact via form here |
Property Blog |
Youhome.sg |
| Speciality |
|
| Website | https://youhome.sg/ |
| Contact | Contact via form here |
Property Blog |
Prop.sg |
| Speciality |
|
| Website | https://prop.sg/ |
| Contact | 65 6750 4655
hello@Prop.sg |
Property Blog |
Oh My Home |
| Speciality |
|
| Website | https://omh.sg/ |
| Contact | 65 6886 9009 |
Property Blog |
ClearlySurely |
| Speciality |
|
| Website | https://blog.moneysmart.sg/property/price-estimate-singapore-property/ |
| Contact | Contact via form here |
Tips when purchasing a property in Singapore
Check your eligibility
The type of property that you intend to purchase ultimately depends on your eligibility. Most properties in Singapore fall into these 3 categories:
- Public housing, which are HDB flats
- Hybrid of public and private housing: Executive condominiums (ECs)
- Private property: private condominiums and landed homes
Your eligibility depends on various factors, including your age and whether you are purchasing the flat with a partner.
Plan your budget by doing the math
Purchasing a house is a huge commitment. Besides the price of the property itself, you will have to consider other costs such as stamp duty, agent’s fee, renovations, and furnishing. There is also the downpayment, which is the upfront cost that you have to fork out when purchasing the property.
If you intend to purchase a public house, there are government subsidies and grants that can help to offload some of that financial burden.
To understand how much you potentially need to pay for your house, the best way to start is to get an estimate of the housing loan that HDB or the banks will grant to you. The loan amount is dependent on yours (and your spouse’s) current income, current savings, and age. Ideally, you should get your estimated loan amount before you begin your home-search. This helps to filter out properties that are beyond your budget, and allow you to focus on properties that you are comfortable to commit to financially.
Consider your priorities and purpose of purchasing a property
What is your intention in purchasing a property? Would it be for yourself or for your family? is it meant for investment purposes and you intend to rent it out? Knowing your intentions in purchasing a property can help to pinpoint your preferred property location and type of property.
For instance, if you are intending to purchase a new home for your family, you may want certain amenities such as school or shopping malls within the vicinity of your home. On the other hand, if you are considering renting out your property to expats working within the Central Business District, you may consider properties that are within the CBD area or nearer to public transport amenities.
Research in your housing loan options
There are typically two types of housing loans available: HDB loan and bank loan. Most people tend to assume that HDB loans are cheaper. However, that may not always be the case as HDB loans are pegged to 0.1% above the CPF interest rate. This translates to a total interest rate of 2.6% that you have to pay annually.
Interest rates for bank loans may fluctuate from time to time. However, this is also largely contingent on the market economic situation. Some banks may also offer promotional interests rates from time to time. The difference in interest rates could help you to save thousands in the long run!
Editor’s Note:
While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccuracies. Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.
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