Category Real Estates

4 Reasons Why Renting Property in Singapore May Be Right for You 

When the time comes for you to move, you may be on the fence about whether to buy a house or to choose a house rental in Singapore. Buying a home is a major commitment, and you may not be sure if this is the right decision for you at this time. There are benefits associated with owning a home, but buying a home is not a move to take lightly. In fact, there are a few reasons why renting a property may be a better option for you than buying.

 

You Are Not Locked Into a Property

Your property needs and desires can change over time. For example, you may be single now, but things can change quickly. Within a year, you could be married and have a child on the way. Your parents or siblings may need to come live with you for a period of time. There is no guarantee that a home that you may buy now will still meet your needs in a year or two. Selling a property is a major task, but it is easier for you to simply move into a larger or smaller space as needed once your lease expires.

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You Have Flexibility With Your Finances

In addition, when you rent a property in Singapore, you will have greater flexibility with your finances. Keep in mind that a mortgage is typically a financial commitment that extends for decades, and there are also other financial costs associated with the home. For example, property insurance and taxes. These will be fixed expenses in your budget for as long as you own the home. With a rental, if your financial situation changes, you can quickly find a housing option that is more suitable for your current financial status.

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There Is No Long Term Commitment to a Location

Many people change jobs periodically, and you may have a strong desire to live close to where you work. When you purchase a home in Singapore, you are locking yourself into that location. The location may be ideal for your work situation right now, but you may change jobs in a year or two. When you rent a property in Singapore, you can more easily relocate to an area of town that is more convenient for your job. Unless you plan to work in the same area for many long years, renting may be more suitable.

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You Do Not Have to Worry About Maintenance Costs

A home is a true investment, but you will need to great care of it if you want it to appreciate in value. It is easy for a home to fall into disrepair if you do not stay on top of repair and maintenance needs. If you own the home, you will need to plan for the maintenance costs as well as the time to complete those tasks. When you rent a home, the landlord will typically take care of property maintenance. Each lease is different, so make sure that your lease states that the landlord handles property repairs and maintenance chores and is responsible for those costs.

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Owning a home may be a dream come true, but you should not rush into this dream. If you are not comfortable with the costs or the long-term commitment to the property or the location, it is important that you consider continuing to rent a property in Singapore. There may come a time when buying a home is more suitable, and you will know when the time is right to purchase your home.

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Guide to Finding Serviced Apartments in Singapore For for Expats

Expat Living in Singapore

 

Singapore is the home to millions of expats from countries around the world. Many of these residents come to Singapore on company business and others move to Singapore because they love the lifestyle the diverse island offers. Many of Singapore’s expats are from Asian countries others are from the United States, Canada and European countries. Singapore is an island of diverse religious cultures and includes Muslims, Buddhists, and Hindus. A few of the 28 districts in Singapore at one time were mainly residential areas for expats. Popular regions included the Central Business District, the northern districts of the island, Singapore’s East Coast, and the area around Orchard Road. Today, expats are finding housing that fits their budget and lifestyle in many of the island’s other districts.

 

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Singapore is one of the largest financial centres in the world.

 

Why Singapore is So Popular For Expats

Singapore is one of the largest financial centres anywhere in the world. Corporate executives and businessmen regularly visit the city on business, and some stay for a longer duration. Other travellers come to Singapore frequently for leisure trips. A lot of travellers who come to Singapore prefer accommodations that offer more space and amenities than the typical hotel experience, which is the reason that so many visitors book accommodations at serviced apartments. Singapore has an abundance of serviced apartments for rent and sale.

 

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Serviced apartments provide amenities which is convenient  and useful while you can save money.

 

Why Serviced Apartments Are a Good Option

Serviced apartments in Singapore are becoming more popular for business and leisure travellers. Although hotels can be an option when you’re staying a few days, but they don’t allow for the privacy you can have with a serviced apartment. The expense of a hotel can be more than you want to spend, especially if you’re travelling with your family and require more space. Another advantage to serviced apartments is that you have the same amenities that you’d get with a hotel and you can save money. Serviced apartments offer:

• Beautifully appointed kitchens
• Homey atmosphere
• One to four bedrooms
• Lounge for entertaining or relaxing

 

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Central Business District is one of the prime location for service apartments rental.

 

Serviced Apartment Rentals

Orchard Road and the Central Business District are prime locations for serviced apartment rentals. Depending on the location, apartment size, and amenities, you can find apartyment rentals at reasonable prices, but for the most luxurious amenities and large apartments, expect to pay more. Luxury apartments that can sleep up to six guests are available in the Orchard Road area. In some apartment developments, the minimum stay is seven days. Amenities may include:

•Maid service
•Restaurant
•Swimming pool
•WiFi
•Tennis court
•Gym

One of the great things about serviced apartments is that they’re already furnished. However, if you plan to stay in Singapore for a longer duration, you may furnish the apartment yourself. Budget apartments are available, or you can experience the ultimate in luxury with a penthouse-style, serviced apartment.

 

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Service apartment provide 24 hour security.

 

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Luxury swimming pool in service apartments.

 

Serviced Apartments For Sale

If you’ll be in Singapore for an extended period of a year or more, one of your best options is to buy a serviced apartment. In Singapore, most apartment developments share facilities including a swimming pool, a gym, and a barbecue area. Most apartment development provide 24 hour security. If you choose to live further out from the downtown area, public transportation offers service to all the districts on the island. New apartments in high-rise developments, especially in the Marina Bay area, offer panoramic views of the waterfront and luxury amenities.

With 28 distinct districts in Singapore, you’re sure to find a serviced apartment in a locale that appeals to your lifestyle and fits your budget. Apartments are within proximity to shopping, dining and entertainment, attractions, and schools, and public transportation is always nearby.

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Why Invest in Commercial Office Properties in Singapore?

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For many years, investors gravitated toward purchasing residential rental property primarily in Singapore. This was because they felt more comfortable with that market over time. However, Singapore’s government has imposed several extraneous taxes and other cooling measures recently, making a once viable market now seem unattractive. However, even though cooling measures imposed by the government have diminished interest in the residential real estate market, the same restrictions and taxes have not applied to the commercial real estate market.

Commercial real estate has thankfully filled the void for sidelined investors, and ironically carries a greater probability of yielding high rental returns than property that is zoned for residential use only.

So why is it a great time to invest? Commercial rental properties return between 4 and 8 percent yields when used as either factories or retail stores. But, Singapore’s recent distinction as a global business and finance mecca has also especially allowed a boom in the purchase and rental of affordable office space.

More than ever, business owners of high net worth are investing in commercial property in Singapore specifically to be used for office space. Singapore has quickly become the premier Asian destination for banking, wealth management and insurance. Areas like Shenton Way and Raffles Place house major banks and financial institutions. The nation’s Central Business District also now extends to Marina Bay’s Business and Financial Centre. Due to the area’s impressive growth, the need for office property has actually tripled in the last decade.

The profit on office space rental alone has increased by as much as 5.5% in the first quarter of 2014. A typical “Grade A” office space now runs about $9.90 USD per square foot. And due to high demand, landlord/investors are able to steadily increase their asking prices. As a matter-of-fact, the last four fiscal quarters have shown tremendous growth in the sale of commercial office space, with each quarter stronger than the last.

Some formerly all-residential buildings are now being sub-divided by floors or units and portions are being sold to private buyers for commercial use, strengthening the trend. Older warehouses and factories have been converted into loft office suites and each is being sold to separate investors. It is easier than ever to find a property in Singapore to convert to commercial office use. 

However, even though commercial property investing seems to be a sure thing right now, pundits warn potential buyers not to count residential properties out. As prices start to go down, affluent businesspeople still favour Singapore as a global business capital, and will continue to purchase residential real estate in the interim for its long term investment value.

Why foreigners invest in Real Estate in Singapore

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Before Buying Malaysian Property, Check On These Possible Problems First

Malaysia, along with a number of other Asian countries, is becoming the focus of the shifting world economy. This means that international businesses are setting up shop there, and that those businessmen are looking for places to live. While this means an advantage for local real estate it also means that the property needs to stand out some way in order to get those businessmen interested in it. In order to get the most bang for the buck, there are some items worth considering when looking at a house that are pretty much universal regardless if you are buying a townhouse like this or bungalows.

A buyer should thoroughly inspect a property. There should be no cracks in the wall, floors, or ceilings; Although a fixer-upper makes for a great investment, it will take time and money to get it to where it should be. Although this translates to potential saving on the outset as well an opportunity to make a tremendous once the improvements have been made, it does mean living in a place that requires a lot of work from the beginning. The same applies to any other structural damage as well, such as windows, fences, and even the doors. The entire house should check out structurally, unless the buyer does not mind investing in fixing it up.

This applies to property lines as well. Some properties may be the subject of long-lasting feuds over just where the property lines. The last thing that a businessman wants to do is walk into some sort of property dispute, especially when he has any number of other issues to deal with. In other areas neighboring properties may require some negotiating in order to establish easements into and out of the property. Although the buildings on a property may look good, lack of access may be a problem, especially as it can cause its own problems. If there are issues with property it may create some problems that just may not worth even a serious discount on the price of the property.

When looking for a place it helps to do the research and know how much the other homes in the area are worth. Buying a home takes a little a homework, but it is worth it when you walk into a house and make it a home. However, without that homework it is possible to pay too much. The house you buy can become a home, but you need to find a place you love. Do that and the rest seems to fall into place.

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A Comprehensive Guide to Rental Properties in Malaysia

Finding the ideal apartment is never an easy task. Not only are there a number of considerations that must be kept in mind while searching for an apartment, but the popularity and high demand for rental properties these days can make the search even more difficult. Fortunately, there are some simple tips that any prospective renter can keep in mind to find the apartment that is right for them.

 

 

 

Decide on a Budget

One of the first things that should be done when searching for an apartment is to decide on a specific budget for the rental itself. This is especially important if one’s finances are tight. When deciding on a budget, it is also a good idea to factor in the costs of utilities, renter’s insurance, and related expenses to get a realistic picture of what the place will cost on a monthly basis.

 

Make a List

Once a budget is determined, it is a good idea to make a wish-list for the apartment itself. Including some “must-haves” on the list itself can be a good idea, but it is important not to include too many of them, as this will make the search more difficult. For the most part, deciding on a specific number of bedrooms and bathrooms, in addition to a general square footage, is a good idea. However, setting one’s heart on an apartment with a jacuzzi tub or all stainless steel appliances may be a bit much.

 

Choose a Neighborhood

This is where it will be important to do a bit of research. After all, having a nice apartment does not mean much if it is located in a bad area. Therefore, taking the time to find out which specific neighborhoods one wishes to search for rentals in can be a great place to start. Many people choose an area that is close to their place of employment or to a child’s school.

 

Hire an Agent

When searching for the right rental listing in Malaysia, it is always recommended that prospective renters hire an agent. An experienced agent will be familiar with the specific neighborhoods in which one is searching for a rental and will thus be able to find more properties available for rent. Furthermore, an agent can assist with many aspects of the rental process, including that of setting up tours of apartments and even some of the lease finalization steps.

 

Sign a Lease

Once an apartment is chosen, a lease will need to be signed. If the apartment has a waiting list, it may first be necessary to place a deposit and wait for a vacancy to open up. From there, lease paperwork must be signed to finalize the agreement.

Overall, it is not always Easy to Find an Apartment for Rent, but with a bit of research and help from a qualified agent, it is possible to find a rental that suits one’s needs while remaining in their price range as well.

Bonus Guide: 4 Tips On How Much To Charge For Your Property’s Rental

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What is Property?

A tangible or intangible asset owned by a person or an organization is known as property. It is tangible when it available in a physical form and one can see it and touch it, for example land, building and any physical thing. On the other hands it is intangible when one can’t see it, for example a patent or an idea. This is the main classification but it can also be categorized on other bases like its type and use.

However these days by this term we normally mean a physical asset which contains land or any other structure on the land. These are normally classified into hotels, restaurants, houses, commercial buildings, residential buildings, agriculture land or industrial land. Depending on its use each type has different price. It can also be classified according to its location like main road shops, office building on special road and hotel on main road.

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