Using the GIP to get PR status in Singapore

Using the GIP to get PR status in Singapore

What is the Global Investment Program (GIP) and how can I use it to get PR status in Singapore. What are the benefits of getting PR status in Singapore.


Learn more in the link below.
https://www.sgluxurycondo.com/news/global-investor-program-to-get-pr-status/

Changes to Use of CPF 2019 for property purchase

By now you have heard of the changes to the use of CPF. Basically to use CPF must cover til age 95.

** Importance announcement that is not told for SG and PR who intend to use CPF in purchasing multiple properties and it’s implication.

Buyers used to be able to set aside the Basic Retirement before he can use the excess savings in his OA for 2nd property.

Now, if buyer do not have property that can cover him til age 95, he has to set aside the FULL RETIREMENT SUM (before he can use the excess savings in his OA for 2nd property)

Implication: Valuation of private property will have a higher tendency to depreciate once it it’s the 75 year mark. Used to be between 60-70 years.

For more information, check out https://www.sgluxurycondo.com/news/changes-to-cpf-rules-for-property-purchases-and-the-implication/

or give me a text/call.

Investment Sales Improves in Q1 2019

Total Singapore investment sales in Q1 2019 rose by nearly 34% quarter-on- quarter (q-o-q) to $6.3 billion

Despite the slowdown in en bloc market, total investment sales went up by nearly 34% to S$6.3 billion in Q1 2019 from S$4.7 billion in Q4 2018. The increase in sales was partly attributed to the closing of State tenders in Q1, with public sales surging to S$ 3.1 billion in Q1 2019 from S$110 million in Q4 2018.

Although the outlook for private residential market was more subdued after the announcement of the eighth round of cooling measures in July 2018, developers were still actively seeking sites that have great connectivity and potential for future growth. For example, the Government Land Sale (GLS) site at Middle Road drew 10 bids from developers.

For more information, visit this link.

Singapore residential property sales is expected to remain moderate for the rest of the year, on the back of the growing mismatch of price expectations among buyers and sellers.

Sellers in the secondary market were placed under greater pressure to reduce their asking prices as the URA Private Property Price Index fell during the first quarter of 2019.

The decline in URA price indices was more reactive of the prices of completed homes transacted in the secondary market, given that prices of new projects were holding up during the first quarter.
In fact, the NUS Singapore Residential Price Index, which tracks prices of completed non-landed private homes and a proxy for the secondary market, eased 0.5 percent month-to-month after registering a 0.2 percent dip in January.

For more information, visit this link.

Connected Rail Corridor | SG Luxury Condo

SINGAPOREANS can look forward to a continuously connected Rail Corridor, which runs from Tanjong Pagar in the south to Woodlands in the north, by 2021. 

It is hoped that the linking of the former railway line - which has about one million people living within one kilometre of the 24 km stretch - will connect communities and breathe new life into neighbouring estates such as Queenstown, Buona Vista, Beauty World and Kranji. 

For more information, SEE ALSO: URA Draft Master Plan 2019: Rail Cooridor to be linked as continuous stretch, spur renewal of neighbouring towns

Factors to Look for in Investing a Home in Singapore

In Summary,
-Capital Appreciation higher in suburban districts (RCR & OCR)
-Locations earmarked for major redevelpments offer higher returns
-New Projects offer higher returns
-Homes close to FUTURE MRT stations hold higher returns
-Best are sites at least 1 year before MRT completion
-Good Schools

for more information, visit SGLuxuryCondo