Property Views

[Jennifer]

Coolkidsrock2:

Jennifer:

Has anyone gone to view Kallang Riverside project?


It is freehold, expected TOP Dec 2019, expected legal completion Dec 2022

Show suites @ 51 Kampong Bugis.

I went to see the original site but did not follow up with the show flat.

I have a DD so am very particular about the amount of lighting, proximity, human and traffic flow and surroundings of the route to and from home to the nearest bus stop/MRT.

You did not like the area?

[Coolkidsrock2]

Not at the point I went to see the original site.


The potential future developments are not within the developer’s control so am taking the project at its value at the point I saw it.

[ngl2010]

Property prices keep dropping. Is it a good time to buy? Yesterday I received a sms that SkyVue is discounted by 10%. Very tempting but we are waiting for ABSD to be abolished…

[Coolkidsrock2]

Am also waiting for ABSD to be abolished too. But I will not mind it if prices dropped enough for it to be regarded as a transaction cost.


Everyone is waiting for it to be abolished. Prices will go up if it is removed.

But I think prices is still quite high for new projects.

[lee_yl]

Coolkidsrock2:

Am also waiting for ABSD to be abolished too. But I will not mind it if prices dropped enough for it to be regarded as a transaction cost.


Everyone is waiting for it to be abolished. Prices will go up if it is removed.

But I think prices is still quite high for new projects.

Not so soon.

[meinteel]

ABSD is very lucrative for the government and is unlikely to be abolished. Maybe in 1-2 years time the government will reduce the rates.


For those who wish to invest in their 2nd Singapore properties without paying for ABSD can contact me. I’m a licensed real estate salesperson & an accountant.

[meinteel]

Coolkidsrock2:

Where would you deem to be the best value location now?

What are the key factors a lay person should look out for in reviewing old landed?

Best value in what sense? For own stay? For investment? What kind of condition do you find acceptable?

One of the best value old landed will be those where its very, very old and run down. Once you purchase it from the existing owners, you tear it down to rebuild.

When viewing landed property, always check with the owner/agent and the title deed. Are there any charges on the land? What is the maximum built up? What are the rules, regulations and special conditions set by the government with regards to this property. If the agent is representing you, he/she would likely have checked the URA's masterplan for the area. Are there any undesirable plans within the proximity?

Areas such as jurong where there is a hype about HSR etc will be over-priced. Look for \"unwanted\" areas. That gives you the best bang for the buck in the long run - 10, 20, 30 years.

[Coolkidsrock2]

Looking to re-built for own stay.


I will be quite happy if ABSD stays for a few more years. At least 1 kid will be closer to getting driving licence.

[ngl2010]

meinteel:

ABSD is very lucrative for the government and is unlikely to be abolished. Maybe in 1-2 years time the government will reduce the rates.


For those who wish to invest in their 2nd Singapore properties without paying for ABSD can contact me. I'm a licensed real estate salesperson & an accountant.

I have thought of decoupling but it is not worth it.

[FantasyLandDreams]

ngl2010:

meinteel:

ABSD is very lucrative for the government and is unlikely to be abolished. Maybe in 1-2 years time the government will reduce the rates.


For those who wish to invest in their 2nd Singapore properties without paying for ABSD can contact me. I'm a licensed real estate salesperson & an accountant.

I have thought of decoupling but it is not worth it.

May I know if there are fees involved for decoupling and reasons why it is not worth it? How does decoupling method works? Thanks.