Grow Real Home SG

Rented out my client’s unit in avenue south residence within one week of marketing in this slow market.

Rented out at same price as unit on way higher level which allow my owner to enjoy a 4%+ rental yield 🤗

New BTO structure and it’s information you need to know before going into getting a BTO flat 🏘️

4rm flat at 202b punggol sold! Now my client can proceed to chase their goal and upgrade to a private property!

2b2b at Skies Miltonia rented out for my landlord within two rounds of viewing!

Freehold corner terrace at Charlton Villa sold! Now my client can downgrade and cash out some money for their retirement!

Super vintage and original 3rm flat in Blk 109 Bedok sold at my client’s target price. Now my client can move on to their next plans with the funds.

Freehold Inter terrace at Lorong Ong Lye Sold! This is a tricky sale due to the land is not of regular shape, it is on a slope and there temple just infront of the house entrance. However, I manage to get it sold in a within a reasonable time frame of marketing.

Tastefully renovated 5 room flat at Tampines Parkview Sold in one viewing with 70k COV! Now my client can unlock their fun and proceed to change an asset class to move towards achieving their end goal.

Assisted my regular client to purchase this unit with 3.4% yield for investment and upon ending of the existing contract, I manage to help him achieve a new yield of 5.4% with the new tenant!

3bedroom at the Sail rented out at landlord desired price! Also congrats to tenant to secure this beautiful view where they can enjoy everyday after a busy day at work!

44years old 3rm HDB flat in Bedok SOLD in 2 rounds of viewing!

Timing is exactly as plan during the first meet up with my client. Now all is left is to follow HDB instruction on my clients sales procedure and BTO department’s instruction for their key collection 🔑

Original condition 3room flat in Sengkang sold on our first round of viewing at asking price which set a new record price in the cluster.

15 groups of buyer, 3 offers , 1 happy buyer and 1 happy seller.

My client was worried initially that it would take awhile to get her unit off the market as it is not renovated, but with much preparation before putting the unit up the market, we are able to sell it off in 1 viewing session.

With a detailed draft on timeline of her sales proceed and cpf return we have done from the start, all she need to do is relax and wait for the day assigned by HDB to collect her BTO key.

Most home owner who have a home and bought another BTO have this question of not sure when is the right time to sell their house. There is actually a few ways you can choose to proceed with.

Hit me up if you are also in the similar situation or need an second opinion on your property planning

JUST IN!! Changes in ABSD from 27 April 2023 onwards!!

Are you looking to SELL and BUY property without having to rent interim or to pay interest for bridging loan?

I have assisted many families with such transition smoothly with my F.G.E system that i stand which allow my client to feel safe and comfortable before proceeding with the actual transaction.

This 35 years old original condition 3rm flat at Yishun SOLD within 1week with 3months extension from the buyer. Perfect timeline for my client to transit to their BTO flat with ample time to renovation and have no headache with the transfer of fund over!

Valentine’s Day Special!

Some update on GRANTS and STAMP DUTY changes base on budget2023 you need to know!

Rare and spacious 5rm in Bishan sold with COV.

Now that sale is done, it is time for my client to move on to their desired dream home.

Now for stress test on loan, bank use to calculation your private property loan figure base on a stress test of 3.5% BUT it has now been increase to 4%. As for HDB, it used to be calculated base on 2.6% which have now been increased to 3%.

This would greatly prevent over leverage and at the same time, impacting your loan amount.

Adding on to my previous post, this wait out period is another measures added in.

One that I believe would help in cooling the hdb resale price, removing people who is more than capable to pay for absurd COV after cashing out their private property would keep the hdb resale market a fair playing field for all buyers.

WILL THIS COOL DOWN THE HDB MARKET AND ALLOW MORE PEOPLE TO BUY A HOUSE IN THIS HOT MARKET?

New measure on hdb LTV to be implemented on 30September2022

Understanding BSD: Buyer Stamp Duty

New cooling measures update with effect from 16 December2021

Understanding MSR: Mortgage Servicing Ratio

Understanding TDSR: Total Debt Servicing Ratio

Assisted my client to rent this 4bedder apartment at KJ mansion and did a novation months later so that they can proceed to purchase and move in to their next home.

Government land sales done deal recently.

With land sold at such price, it is only natural that the future EC and condo prices will increase accordingly when it is launch.

Beautifully renovated 4Bedder in Park Green purchased for my client who needed the space.

Deal done in a very short period of time after going through the preparation work for their purchase.

Due to Covid-19, it has created a Cash Over Valuation situation in the HDB resale market.

If you are a SELLER looking to let go of your current flat to proceed with your plans, this is the perfect time to do so as you can leverage on the market movement to get a BETTER PRICING. This situation is not here to stay as HDB mission is “ We provide AFFORDABLE, quality housing and a great living environment where communities thrive ”, just a simple tweak of measures can change everything and as covid situation improves and BTO construction resumes, it will change the mindset of locals to re-evaluate their options.

If you are a BUYER looking to buy a resale flat, make sure to do your due diligence, so as to avoid having a shock when you need to pay a hefty Cash Over Valuation after putting your deposit. All these can be prevented if you have done your research and cover all corners.

IVAN LIM
+65 9617 7194

1 in 3 HDB resale flat buyers paid cash over valuation this year, up from 1 in 5 in 2020 Analysts say, at current trajectory, resale prices will likely reach new record in second half of 2021.. Read more at straitstimes.com.

Developers are back into obtaining more lands, all due to land scarcity and current inventory running off the shelves. This time round, GLS at Jalan Anak Bukit where the future mixed-used integrated transport hub will be.

Land cost will always be more expensive than the previous land bidded. Hence, these price will be brought forward to consumer thus as a buyer, you would be paying more and more.

If you are still sitting on the fence and is unsure what the right move to proceed with. Feel free to pm me and let me provide you with the statistic to give you a clearer understanding of the current market movement.

Ivan Lim
+65 9617 7194

Jalan Anak Bukit tender closes with five bids Three of them are joint bids by Far East Organization and Sino Group.. Read more at straitstimes.com.

NEW HIGH in the new private home market!

Not just transaction volumes, but price as well, all this due to increasing material/labor cost, development charge and land price.

WHY??WHY???WHY IS THE MARKET MOVING SO FAST DESPITE THE PRICE BEING SO HIGH???

I am sure this question have gone thru the head's of these buyer who contributed to the NEW HIGH.

The truth is:
There is never a better time to buy property. As long as you have the financial capability and done all your due diligence, it is a right time for you to buy property. It is all about holding power, entry price/time and exiting time with a slight sweetener, which is choosing the right development.

NOW, look back at the property market 5-10 years ago and knowing the price point now, what is going thru your mind??

Stop thinking about the old pricing and move forward, how can you still ride the wave not having to feel the same 5-10 years later.

Ivan Lim
96177194

New private home sales in S'pore hit 4-year high for March as buyers flocked to high-end condos Year on year, developers booked 96 per cent more sales in March.. Read more at straitstimes.com.