Jgal

Selling brand new, not delivered yet.

Pm replied.

pm replied. Just check, can ask shop to change another model since not delivered yet. Just let me know the model number and i will check with the shop and give you a final price.

Order an extra hob from the shop but decided not to change the existing hob. Want to sell away for $300 i.e. (less $150 from retail price). You may want to get another turbo hob model, i can ask the shop to change the order but price will subject to the difference.

hi We too just bought a 1195sqft ,14yr-old resale pte apt in june. No balcony, no planter. Today is the day 1 of renovation. I am the 2nd owner. Doing a budget overhaul of the place. 1) Hack the whole house to re-config the rooms. The old configuration is kind of weird, when you enter you pass by 2 bedrms before entering the dinning area, then the living. We convert the rooms to living area and the living to rooms. 2) Built walls and partitions 3) Re-do all the floor. Living Marble has cracked, so we are re-do with homo tiles 4) Re-do kitchen 5) Expand Storerm and yard area. 6) Add in 1 powder room (basin &wc). Existing only 2 toilets as we think we need 1 more if there are 3bd. 7) rewired 8) redo plumbing. Current bill is at $45k with Urban Design/San. Pre-sale experience was good. And Day 1 experience-excellent Cos' he is on-site to advise work on the details. With old resale condo, there is quite alot of bits that are not floorplan and someone need to be there to "sup". ** Just a note : Condo pricing is different from HDB pricing because condo can only reno btw 9-5pm. So ID will need to budget abit more.****

Just signed/paid San@urban design last wk Hope all goes well for renovation. So far he's been very helpful in the planning and quotation.

Actually, we have made a calculation. There is no way a couple earning 4k to own a 4-rm hdb without any cash upfront, and just use CPF. Here's the calcuation. Total income : 4k Cpf contribution (refer : http://www.cpf.gov.sg/cpf_info/Online/Contri.asp) Ordinary Account $ 920.08 Medisave Account $ 280.00 Special Account $ 199.92 -------------- Total Contributions $ 1,400.00 =========== Total AO accumlated after 6 mths : $5520.48 Assumming $5520.48 is used totally for min downpayment at the time of signing of the Agreement for Lease ( exclude stamp fee and legal fee) , which is 5% of the cost of the unit. Then , the bto flat got to be sold at $110,409.60. BTW , even hougang BTO is selling at 250k upwards.

different lah. smaller and similar

back to the topic of SER payout. What is a fair deal ? 1. Move owners to a similar size brand new flat with longer lease, and give them ard $50k to renovate. or 2. Move owner to a smaller size brand new flat with longer lease and give them ard 50k to renovate. or 3. Let them move to a bigger flat with a longer lease, an no need to topup ? btw, cost of a 3-rm flat and a 4-rm flat is ard 30% more. The way i see, opt 1/3 is fair to the owner of the ser block, opt 2 is being fair to the rest of the singapore.

Yes and no.. it's still peg to last transacted price and never higher than that.

heee hee.. didnt realise this was very long ago

Say is one thing, Do is another. When you see a house that really good for you. Sometimes, you may need to overlook bad agents and bite the bullet. And about commission, it's not mandatory but some agents will requires you to pay 1%. And they are also earning a living so be fair to others, be fair to yourself. Dont get so "upset" with the agent that you forget the house and the price tag! With valuation going up, if you miss a deal because of a few thousand, you may end up paying alot more.

Need to be careful with shoebox units. Many hotels are turning into service apartment business, if corp can rent a service apartment for $4k a mth, you need consider how much you can rent our a shoebox unit. So you need to ensure that demand for the units you are buying. Rental may fall in 2012 due to tsunami of completed proj. Already now, the rental yield for new developments are quite low because of the high price.

Currently, pty does not as much liquidity. Best if you could pay fully or low mthly repayment for apt that is to be rent out. This will take out the unneccessary risk if high mortagage interest and failure to rent out. Must remember pty will take a few mths to sell if you need $$ urgently or unable to pay mortagage due to unforesee circumstances. Also even though pty will appreciate over time, if you need to rush to sell or sell during a downturn, you may sell below valuation. Those options that I mentioned above is more liquid and gurantee principle to a good extent. FD is fixed deposit, you may lose $$ due to exchange rate though.

hmm differnt to do trading bussiness now lah., unless your pdt cannot be replicated and supplier wont sell to others that come along. Alot of ppl are bring things from oversea to sell in singapore, more ppl are buying online.

hmm.. depends on when you think you may want to use the $$ as well as the risk you are willing to take. Last wk, went ard CBD to check out the banks offers for "guarantee" principle investments. These are the better offers that was given, worth considering. 1. SGD FD by HL bank , giving out 0.91%pa for 1 yr 2. AUS FD , 4-5% pa depending on tenor. SC relationship mgr told me that if I'm going to put alot , he can offer better than published exchange( over the counter). 3. Duo FD, pairing SGD/AUS. hmm.. Duo FD has higher risk, however, noting that currently AUS FD has high interest rate. It's not as risky as it seem. 4. HDB Bond - 250k per piece, 3++% pa. 5. Bank shares lor

thanks all for your useful information. I guess for resale pte there is no hard and fuss rules like hdb. Booking is 1% and the rest depends on the deal. And the loan abt 70% of valuation is only payable at completion. thanks alot again for your kind advises.

hmm.. thanks bepgot. I am refering to the payment if I dont have any existing loan. I think the one you answer is 70% loan only right ?

Hi Need some advise here. After all the regulation change, what is the current payment practice for buying a pte resale property. ** Payment by buyer 1% of the purchase price at OTP offer (cash) 4% when OTP is accepted + stamp fee , does this has to be cash or cpf ? Upon completion, 95%?. Assume that loan amt is 80% and there are sufficient fund in the cpf for 15%+ stamp fee. How much cash do I need to fork out?

1. Did he use his cpf to service the loan? if yes, amt used as well as interest will be put back into this cpf acct. Same if his parents has use cpf to service the loan. 2. Excess after returning to hdb and cpf , will not be divided for you. You have to agree on who take how much. Also note that his parents may not qualify for a loan since they are older now. So they may need all the profit for their next house. So i guess, you need find out more and discuss with them. 3. Did the current house bought directly from hdb or given grant during the purchase ? if yes, then your bf do not qualify as 1st timer for another" subsidy" else you shld be able to get grant etc... 4. If you going for EC, then you cant take HDB loan.. the 50% return policy does not apply to you.

Hmm.. could TS get a mortgage loan instead ? Since it already paid up ? Let say, lawyer fee is 3%. Loan interest is 1.5% with no lock-in. No penalty for early redemption. For loan period of 1 yr, TS probably only need to spend 5% interest on a loan of 300k compared to 12%. But TS probably need a income that allow him to borrow 300K .. Is there any other cost involved?

yup agreed.. think the gvt is making the right move to make ppl rethink their financial cap. Personally, think that no one shld buy a house that she/he is short by more than 60%. They shld at least has 40% in cpf / cash. Whether or not , they take 60% loan is another thing.

Before you get too upset and think that you are on the loosing end of the deal. Let just look at the deal objectively. First question to ask...how much will you lose if you do what the buyer wants ? 1. rental - $3k 2. commission ?? 3. others ? How much lower in cov did you give them ? what is the "cost" of items that you promised to leave to them? Could you have gotten another better buyer if not them ? What were your other genuine offer? Maybe to the buyer and your agent feels that they had paid too mch for your flat in the first place, that's why they become nasty to you. Buyer , thus, think that his agent is not acting for them. Thus, instead of getting too angry.. maybe you shld think if actually you are getting better of the deal and it is better off that you agree with the buyer and let the deal go through.

Depends what is your level of super rich .. if you meant ppl that has nett worth of 1x mil, i think they are just rich.

was talking to a relative in hk regarding to the new policy. Apparently, there is a way to go ard it. Ppl in hk register a company and buy the property under the company. When its time to sell the pty, you simply transfer the ownership of the company, avoiding staggering stamp fee.. interesting...