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Strategies for Buying a Singapore Woodleigh Condo


Popular Condo developments such as Park Colonial Woodleigh will offer some of the most convenient living when it comes to a luxury condo purchase. Located at Woodleigh Lane along Upper Serangoon Road, Park Colonial is a massive condominium project with over 800 condo units for residential living. The condo site is strategically adjacent to the Woodleigh (MRT) train station for transportation and nearby essential amenities like the Woodleigh Mall, Bidadari Park and much more, which are some key features that people look for when it comes to an ideal condo purchase. To execute your best buying strategy for a Singapore condo, there are some things you’ll need to know.

Picking the right people to work with

The first step to any home-buying process is to hire not only a property agent, but a good solicitor as well. They will provide you with the professional guidance you’ll need when it comes to laying out a strategy for buying the condo of your dreams. If you seek taking out loans for the condo property, a lawyer’s expertise will aid you in the process, the bank will also assign a lawyer to you if you do not have a solicitor to work with for the documentations required.

Picking a suitable property

Picking the right Singapore condo for you and/or the family can often be a hard task so you’ll need a house hunting team. Now that you’ve put together a house-hunting team, you are ready to shop for condo properties. While searching for the perfect condo, you want to make sure that the condo has all of the suitable features that suit your requirements.

The mortgage stage

If you’ve decided on Park Colonial Woodleigh or other projects, you can hold that condo unit for up to two weeks. This will give you an advantage over others being that they won’t be able to view the condo property while you are holding it. You have to secure your financing and pay a second option fee, if you fail to do so, it will forfeit the first fee you’ve paid. When getting a mortgage you’ll have to pay the loan at a fixed rate every month or a floating rate set by the banks, with subjective bank interest rates. Also the loan tenure is dependent on the home owners age.

Beyond the mortgage and final fees

Beyond the mortgage there are additional fees and final fees that must be paid. For Singapore citizens there’s a Buyer’s Stamp duty which is a compulsory fee for first, second and third time home buyers. Final fees includes the buyers legal and agent fees. Once all payments are settled, you can collect the keys to your new condo. After you’ve collected your keys to move into the condo, the options to remodel are solely up to you before you move in or just bring in your luggage.

Condos are a highly sought after type of real estate properties in Singapore. Despite the older and newer model buildings, condos are a great investment for people in Singapore. No matter the size and even the prices of condos are not enough to sway people when it comes to making the purchase. People are looking to buy condos for their starter homes, downsize, and more. The convenience of a condo is unbeatable when you look at all the options of different real estate types.

New 3 Cuscaden walk condo

3 cuscaden walk condo

The condo experience will be something which would combine the benefits of both home and living in an apartment. In addition, you will also find 3 Cuscaden Walk condo to share some qualities with rented apartments. This is because residents will be living in a vicinity of surrounding building residents. Hence, there would be no doubt that living in a condo will come with its fair share of perks. If you would like to know more about this before you make any final decision, take a look below.

  1. Price

In terms of investing your money in to buying a home, price will certainly be one of the first thing that you would be looking at among other things. This is because in your opinion, if you would find the price to not reflect the quality which is being provided, there will be no way that you would go ahead with it. It would be because of this reason that a lot of people seem to prefer getting a condo in today’s times. This is because mortgaging ownership will often be the smarter option. This is because no money will be lost in mortgaging. The good news is that you would be able to get more money by investing in the new 3 Cuscaden Walk condo.

  1. Not responsible for outdoor repairs

If you go ahead with the option of buying a condo, you would no longer need to burden yourself with outdoor repairs. When you come to think about it, that will actually be quite a big relief. As such, you will no longer be responsible for mowing the lawn or tending the garden. This is because the management will take care of all of this for a fee. They will include pool cleaning and roof repair as well. So, with all this extra money and powerful energy, this could be used for interior decoration. You will also be able to attend to other more important matters in your lives.

  1. Amenities

By buying a new 3 Cuscaden Walk condo, you will definitely be blown away with the diverse range of amenities that it has to offer. Starting from swimming pools to parking garages – you will be able to get it all. Other than that, you should also be able to barbecue on the terraces or exercise in the gym. In fact, many of them will come with a washer, dryer, and kitchen with stainless steel.

  1. Community living

By living in a brand new condo in Orchard Singapore, you will be able to sense that feeling of community. This is because by living with other families nearby, you will get the opportunity to meet with different kinds of people and talk with them. This will also help to foster a growing bond with your neighbors. Thanks to this community dynamic being created, a feeling of trust would also be formed. This could then help to prevent burglary within the community.

All in all, living in a condo would undoubtedly be far better than living on your own in a home.

Margaret Ville by MCL

margaret ville by mcl

Margaret Ville By MCL

Margaret Ville by MCL is a 99-year leasehold condominium situated at Margaret Drive, adjacent only to main road Commonwealth Ave and a very short distance by foot to both Queenstown and commonwealth train stations running on the major east west line. While the actual details of the condo have yet to be confirmed due to the relevant authorities approval, we can safely put it as not more than 300 condo units will be built within the single tower although the bedroom layout will probably be in the range of one to four bedroom including super penthouses on the very top of the building as it will offer residents of Margaret Ville with one of the killer view in recent years.

We’ve seen the draft floor plans for this latest Margaretville condo by MCL Land but were unable to comment due to the regulatory approval by the state. For your information, this condo will be a part of Queenstown planning area based on Urban Redevelopment Authority’s guideline. It is an old and matured housing estate here but also one of the highly sought-after locale by the locals and foreigners due to the close-proximity to the city centre.

It will be a self-running town for all the residents of Margaret Ville, conveniently located near a wide myriad of amenities and transportation routes including smaller roads into the central business district in as fast as 10 minutes’ drive away.

It is also within near distance to the Anchorpoint, Queensway shopping, Alexandra Central, Alexandra Village as well as the famous IKEA Alexandra should you require furniture’s in a quick and affordable manner nearby. Not only is it beneficial to the residents of Margaret Ville, there will also be plenty of food and beverages dining option for you to choose from within the immediate neighbourhood.

There will also be easting houses and hawker centres located few mins away from your residence, as well as having brick and mortar retail shops, community centres, greenery parks, library, schools and a whole host of other amenities around.

With the rise of One North and other commercial entities in close-proximity, Margaret Ville by MCL will also appear to be attractive for investors looking to have a mid to long term investment asset.

If you wanted to have a quick browse through of the development located at Margaret Drive, it will be launch after Chinese New Year. Therefore, please register your interest for the viewing arrangement and I strongly believe the staff from MCL Land will respond to you prior to the release.

Lastly, the showroom or showflat will not be on the actual site, please refrain from exploring on your own if possible as we’ve seen many unhappy clients after finding it tough to locate certain places and turning this into an unhappy event. Till then, have an enjoyable 2018 Chinese New Year!

The Opus Singapore by CDL

the opus singapore featured

Are we on the consensus of Singapore being the paradise for foreign talents? Whom they thought they could demand and expect the best job with the top income bracket out there among South East Asian cities? This will certainly be the primary cause on foreign expatriates, they will most probably grab the opportunity for any job offers with hardly any second thoughts before flying over with their families. In most cases, they will take some time to settle down and to adapt to our way of living locally.

However, they will be looking for properties with easy access due to the unfamiliar territory so that it enables them to be able to travel in ease. Either to and from work in the central business district, Changi international business park or the weekly getaway for some leisure.

Ever since City Developments Limited (CDL) and Hong Realty began to market their new launch project in one of the most coveted address in our prime district 15, it attracted a lot of interest between both locals and the foreign communities alike as the location of The Opus at Amber Gardens is an unpolished gem of the east.

The Opus at Amber Gardens by City Developments and Hong Realty

The Opus condo has all the necessity that every resident requires. In terms of location, affordability price tag as well as full suites of facilities. Sitting on 16 Amber Gardens, this development indeed pampers all with the marvellous area encircling it. Who will be able to resist the temptation of residing in an upscale neighbourhood, where shopping malls are conveniently a stone’s throw away?

The Opus condo is really in close-proximity to Katong shopping mall, Parkway Parade, our east coast beach and the iconic I12 shopping mall. This upmarket shopping destinations provide all visitors who demand the latest fashion, high-tech consumer electronics and devices. Not to mention, there are fine-dining establishments for the well-heeled and residents of The Opus will certainly be able to have a wide variety of international cuisines in Singapore style.

The Opus is a freehold development in Tanjong Katong Precinct

At the end of the day, all this convenience and amenities are just part of the package. It does not form the buying decision of this 200,000 square foot site condo alone.

But all residents will definitely be able to enjoy the quality time spent with their loved ones without departing off their comfort zone within the development. All common units will be equipped with intelligent systems to facilitate the smart living environment.

In addition to that, there will also be Olympic size swimming pool, kids’ recreation area, tennis court, fitness corner, special gardens and bbq pits for everyone.

If you’re an owner of a high floor apartment unit, you will also be able to have a great panoramic view of the sea due to the strategic orientation of this plot of land.

Nevertheless, you have a wide option to choose from a single bedroom to multiple bedrooms based on your requirement as a single or family based.

Story of former Amber Park to the current The Opus Singapore

You may not be aware, CDL was the original developer for Amber Park in the 1980s. They are extremely elated to win the bid and to redevelop the site into another masterpiece. So, if you’re planning to purchase for investment or for your own stay, you will be assured of the quality.


Simple Steps to Become a Property Agent in Singapore

Property Agent

Though Singapore is one of the best places to invest, it is a nice place to work as well. If properties interest you and you have strong basics, then there are high chances that you will be successful in the real estate business. Before we look at the steps that you have to follow to become a property agent in Singapore, let us have a look at the eligibility criteria.

Property Agent

Eligibility Criteria:

  • The person has to be minimum 21 years of age.
  • The person should have cleared the General Certificate of Examination at the O-level, where O represents the ordinary level.
  • The aspiring candidate should have passed the REPS exam that is the Real Estate Person’s Examination or any other examination that is considered equivalent.
  • It is not possible to register with multiple licensed agents. The registration must take place only with one agent.
  • The person should have necessarily taken up courses that are relevant and mandatory to clear the training session. It is also important that the person is aware of the legal provisions that are relevant to the law of the land in which he wishes to become a real estate agent.
  • The person should not have been a convict in the past under any law that is relevant to the estate acts.
  • The criteria that are listed above also enumerate the way in which a person has to become a real estate agent in Singapore.

Now that you know the criteria for becoming a real estate agent in Singapore, it is also important that you understand that all is not well in real estate business irrespective of the place. Here are some of the bitter things that you have to digest before getting into the field.

Why is Singapore not the right place to become a property agent?

Though there are a lot of benefits as far as becoming a property agent in Singapore is concerned there are both pros and cons too. So here are some of the disadvantages too:

  1. You will have to lose a lot before you earn: Real Estate is one place where almost all incidents are contingent and they aren’t permanent. Since your experience, in the beginning, is amateurish, you will find it hard to make the right predictions and act accordingly. So before you earn, you will have to lose a lot of money to understand the market.
  2. Bossing around is not always cool: If you are a sole proprietor managing the affairs of the service spot, then it is not as cool as you think it is. You will have to shoulder a lot of responsibilities and take care if the affairs of the business.
  3. The employee base that you have need not have to be true all the time. They are mere employees and might not understand the importance of working dedicatedly irrespective of the results.
  4. You may not earn as high as you think. At least during the initial stages, you will not make whopping profits. Once after passing through a series of hard hits will you be able to understand how the field works.

Invest Like the Rich: Tips to Follow Before Investing in the Singaporean Real Estate Market

Invest Like the Rich

As far as the Singapore real estate is concerned a lot of people are highly successful in their investments. But it is also a fact that not all Tom, Dick and Harry can be successful in their venture, there are certain things that people have to follow that will help you invest as the rich do. So here are the best tips that you always have to remember if you are ready to invest in the Singaporean markets.

Invest Like the Rich

Tips to invest like the rich:

These secrets to success have been tested a lot of times, and the results have been accurate all the time.

  • The first thing that you have to know is that there is something called IGA. IGA stands for Income Generating Assets and is where the rich and the highly successful people invest. This is the first thing that you have to keep in mind. At least till you get a grip over the market, you need not have to be experimental.
  • The next tip that you have to remember is buying for less and selling for more. This is the basic thing that any investor has to remember. But we do not mean what you think. You buy a property for ‘x’ value and sell it at a price that is ‘x+y’ value then it is basic that you are making profits, are we right? No or Maybe. It all depends on what your ‘Y’ value is. Your ‘Y’ shouldn’t just consider increasing the price. It also has to make sure that the increase accounts for the time value of money. If yes, then you are making profits. If no, you are either at the loss point or the between point that is no loss-no profit.
  • So if I have to cut down my thoughts and narrow my focus only on the real estate status that exists in Singapore, the fact is that most of the rich men in Singapore earned their wealth from the investments that they make in real estate.
  • There is one common idea that is stated in almost all books that state the principle of investing rich. This point states how the cash flow of a rich person looks like. The cash of the rich person flows from the assets column and the reaches the income side of the person, this strategy helps in stay wealthy.
  • The case is opposite in case of a middle-class person or a person who is poor at fixing his investments. In fact, the flow happens in the opposite direction. The money flows from the income side, spreads through liabilities and expenses, and moves out without even touching the assets side.
  • This inverse action that happens creates a vast difference between the money that the rich and the others make in the real estate market.