Simon Goh - Your Asset Consultant

99 Year Lease Singapore: What happens to HDB after 99-year lease ends? A home handed down generations has great sentimental value, but it’ll be of no monetary value when the 99-year housing lease runs. So what do you do?

Hot from oven

https://m.facebook.com/story.php?story_fbid=808099814810514&id=100068315085098

New property cooling measure to tighten HDB loan limits; larger grants for lower-income flat buyers This is the fourth round of property cooling measures since December 2021. Read more at straitstimes.com.

Inspiration qoutes

https://m.facebook.com/story.php?story_fbid=771912095156821&id=100070141118752

HDB resale prices up 2.1% in Q2, marking fastest quarterly rise since 2022 HOUSING and Development Board (HDB) resale prices booked their fastest quarterly rise since 2022 amid a rise in demand and tighter supply. Read more at The Business Times.

https://www.businesstimes.com.sg/singapore/iras-claw-back-s-60-million-buyers-who-used-99-1-loophole-avoid-absd

Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD THE Inland Revenue Authority of Singapore (Iras) has discovered 166 cases of private property purchases that involved tax avoidance as at April 2024, and about S$60 million in Additional Buyer’s Stamp Duty (ABSD) and surcharges will be clawed back. Read more at The Business Times.

HDB resale prices up 0.9% in April, volume rebounds 15.7% Sixty-eight flats changed hands for at least $1 million each in April. Read more at straitstimes.com.

More high-rise housing planned for one-north area as URA readies plots for development The parcels of land are at Media Circle and Portsdown Road. Read more at straitstimes.com.

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Sometimes its all dis dat keep one going!! 加油

Sometimes its all this that keeps u going!!!

Completion day…….. seamlessly transit from selling resale and getting bto….. afew hiccups on the way but thank god everything is good!!! Happy sellers with a happy agent

Down by 47% from the 281 units shifted in the previous month, and lower by nearly 66% on a year-on-year basis from 433 units sold in February 2023. The decline in sales during the month can be attributed to the lull in market activity due to the Lunar New Year holidays, as well as the lack of new private residential project launches in February... ”

So much more to work on…..

To set things right for 2024

“Developers’ sales jumped by about 108% month-on-month in January to 281 units (ex. executive condos) – from a low base of 135 units in the previous month...The increase in sales in January was driven by two new project launches in the month, namely Hillhaven and The Arcady at Boon Keng... ”

Propnex lohei 2024

"Happy Lunar New Year 2024! May the Year of the Dragon bring you prosperity, joy, and countless moments of happiness. Wishing you and your loved ones a year filled with health, wealth, and endless opportunities. Gong Xi Fa Cai!" 🐉🎉

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New month started…
New challenges begins….!!!

Keep working, keep moving!!

Tips for buyers:
Buy with a mindset of a seller!!

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Occupancy cap for larger HDB flats and private homes to go up to help ease rental pressure SINGAPORE: From next year, up to eight unrelated people will be allowed to live in larger public flats and private homes, a temporary move to help meet rental demand. The occupancy cap will be increased from the current limit of six unrelated people - defi