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7 Timeless Ways To Make Your Home Irresistible To Property Buyers in Singapore

cobrokeguru@gmail.com (Caleb Leng) — Fri, 08 Dec 2023 10:36:12 GMT

Selling your home in Singapore can be a rewarding yet challenging endeavor, especially in a competitive real estate market.

To stand out and attract potential buyers, consider incorporating these timeless strategies that will make your property irresistible.

Table Of Content

(In case you have just 5 minutes)

7 Timeless Ways To Make Your Home Irresistible To Property Buyers in Singapore

Curb Appeal -
Neutralize Interior Colors
Depersonalize Your Space
Kitchen & Bathroom Focus
Maximize Natural Light
Invest in Professional Photography
Create Versatile Spaces

1. Curb Appeal – Make Your Neighbors Jealous

Think of your home as the Beyoncé of the neighborhood. Strut your stuff with a well-groomed garden, maybe throw in a few lawn gnomes doing the cha-cha.

Your curb appeal should be so on point that even the neighbors start asking for home improvement advice. It's not just a house; it's a work of art.

2. Neutralize, But Keep It Sassy

Neutral colors are like the Little Black Dress of interior design – they never go out of style.

Go for shades that say, "I'm sophisticated, but I've got a wild side."

Beige is fantastic, but throw in a quirky accent wall or some funky throw pillows to keep things interesting. It's your home, not a grayscale movie set.

3. Depersonalize – Pack Away the Life-Size Yoda Cutout

We get it; your life-size Yoda cutout is a masterpiece. But potential buyers might not appreciate the Force as much as you do.

Pack away the personal stuff and let your home's features shine. A blank canvas is more like an art gallery and less like a Star Wars convention – sorry, Yoda.

4. Kitchen and Bathroom Upgrades – Because Shiny Things Sell

Credit: Fyner Interior Design Singapore

Buyers love a shiny kitchen. No, not just because it's a great place to cook – it's also a fantastic selfie background for those culinary masterpieces.

Upgrade your kitchen and bathroom to impress. Bonus points if your faucet has a personality – maybe it hums show tunes when turned on?

5. Maximize Natural Light – It's Like Your Home's Personal Spotlight

Credit: Fyner Interior Design Singapore

Natural light is like Instagram filters for your house. Open those curtains and let the sunshine in.

If your home had a Tinder profile, good lighting would be the first thing potential buyers swipe right for. Remember, bright and cheery beats dark and dreary any day.

6. Professional Photography – Because Your Home Deserves the Red Carpet Treatment

Credit: Fyner Interior Design Singapore

If your home were a celebrity, it would be walking down the red carpet every time someone clicked on your online listing.

Professional photos make your home look like a superstar. Forget about the selfie stick – let the pros capture your home's best angles.

7. Create Versatile Spaces – Room for Yoga or Rocket Science

Credit: Fyner Interior Design Singapore

Staging rooms for multiple purposes is like having a superhero alter ego.

A spare room could be an office by day and a karaoke den by night. Buyers should walk in and think, "I could write a novel here... or launch a rocket."

Versatility is the spice of property life.

Selling your home is a bit like planning the ultimate party – you want everyone to have a blast!

So, put on your party hat, make your home the life of the real estate party, and get ready for that "SOLD" banner to drop.

Your home deserves the best price and a standing ovation, we're here to make it happen.

6 Critical Factors Bank Look At During Your Mortgage Loan Application

cobrokeguru@gmail.com (Caleb Leng) — Sat, 15 Jul 2023 01:53:10 GMT

Securing a mortgage loan is a big deal when it comes to buying your own property in Singapore. It’s a crucial step that can impact your finances for the next 20 years.

But here’s the thing – many people don’t realize how important it is until it’s too late, and they end up losing their deposit. So, let’s take a closer look at what criteria banks consider when assessing mortgage loan applications.

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(In case you have just 5 minutes)

6 Critical Criterias Bank Look During Your Mortgage Loan Application

Purpose Of Purchase
Property Type
Existing Number Of Properties You Own
Financial Health & Credit Score
Borrower's Age & Tenure Of Loan
Total number of borrowers

1. Purpose Of Purchase

First off, banks want to know the purpose of your property purchase. Are you planning to live in it or use it as an investment? This information helps you evaluate your eligibility.

More often than not, more competitive mortgages packages are usually offer to those who are making a purchase for own stay vs for capital investments.

Source: Giphy

2. Property Type

You need to have a clear understanding of the housing market you are interested in.

Banks have different levels of risk tolerance for different property types like HDB flats, private condominiums, landed properties or commercial and provide different loan options for private housing and public housing, commonly known as Housing Development Board (HDB) flats.

If you are considering buying an HDB flat, you might want to explore the HDB Concessionary Loan. This loan offers a Loan-to-Value (LTV) ratio of up to 80% and currently has an interest rate of 2.6%.

For bank loan for private property, the maximum LTV is up to 75% for the first loan, assuming if you don't have an outstanding home loan.

On the other hand, banks usually offer loans with interest rates that are tied to variable indexes like Singapore Interbank Offered Rates (SIBOR) or Singapore Overnight Rate Average (SORA). These indexes tend to be more unpredictable compared to the fixed interest rate offered by HDB.

3. Number of Property You Currently Own

If you're purchasing your first property, you may qualify for a higher Loan to Value ratio (LTV).

This means that you can borrow a larger amount of money to finance the purchase. Several factors affect the LTV, such as your age, the number of properties you already own, and the type of property you are buying.

On the other hand, if you already own one or more properties, the LTV offered to you will be lower.

This implies that you would need to contribute more cash and/or CPF funds to cover the remaining amount. Essentially, banks might be less willing to lend you a larger sum due to your increased financial commitments and ability to handle multiple properties simultaneously.

Source: MAS

4. Borrower's Age & Duration Of Loan

Banks also take into account the borrower’s age when the loan matures.

If you’re going to be 65 or older by the end of the loan term, banks might offer a lower loan-to-value ratio (LTV) because there are more risks involved.

They consider factors such as the possibility of retirement and a higher chance of defaulting. Just keep in mind that with a lower mortgage offer, you may need to make a higher down payment.

5. Financial Health & Credit Score

Your financial health plays a significant role as well. Banks will closely examine factors like income stability, debt obligations, credit history, and any savings or investments you have.

Stability in employment is important to banks as it demonstrates your ability to repay the loan over time. They may consider factors such as length of employment with current employer or any recent job changes.

A good credit score also indicates responsible repayment behavior and increases your chances of getting approved for a mortgage loan.

Showing that you have good financial discipline and stability can go a long way in getting approved for a loan.

6. Number Of Borrowers

When you’re applying for a home mortgage, the calculations can vary depending on whether you’re the only borrower or if there are multiple borrowers involved. If it’s just you, the bank will typically consider your age and income to determine your eligibility.

However, if there are multiple borrowers, the bank might use something called Income Weighted Average Age (IWAA) to assess the situation. Basically, IWAA takes into account the age of each borrower multiplied by their income and then calculates an average. This means that if one of the borrowers is younger but earns more money, the IWAA would be lower compared to if they earned less.

Why does this matter?

Well, a lower IWAA translates to a higher Loan-to-Value ratio (LTV), which means you’ll need to put down a smaller down payment. So, if you’re considering buying a property and have the option of choosing a co-borrower, having your child as a co-borrower instead of your spouse or sibling could potentially work in your favor.

To wrap things up, knowing these six criteria that banks consider when reviewing mortgage loan applications is crucial. By understanding them and meeting the requirements, you’ll be better prepared to secure the financing you need for your dream home. Remember to seek personalized guidance from your bank or financial advisor for advice tailored to your specific situation.

5 Reasons Why Your Home May Not Be Selling

cobrokeguru@gmail.com (Caleb Leng) — Mon, 10 Jul 2023 15:56:18 GMT

Are you finding it difficult to sell your house in today’s sellers’ market? Well, you’re not alone. Selling a house can be challenging, even when the market is favorable to sellers. But don’t worry, we’ve got some helpful tips for you.

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(In case you have just 5 minutes)

5 Reasons Why Your Home May Not Be Selling

Unrealistic Pricing
Flawed Presentation
Ineffective Marketing
Inflexible & Inaccessible Viewing Timeslot
Lease Decay With Limited Buyer Pool

Selling your house can be a daunting task. You want to get the most money for it, sell it quickly, and avoid any unnecessary hassles. But sometimes, despite the favorable housing market conditions, houses can still struggle to sell.

1. Unrealistic Pricing - Price To Sell, Not To Sit

Is your house priced competitively? Setting the right price is crucial as buyers are often drawn to homes that offer good value for their money.

The pricing of your home is a crucial factor that can have a significant impact on its sale. It may be tempting to increase the price in order to maximize your profit, but this can actually discourage potential buyers and result in your home staying on the market for a longer period of time.

According to Jeff Tucker, Senior Economist at #1 Property Portal in the States, "S ellers who price and market their homes competitively should not encounter any difficulties in finding a buyer. Additionally, modern buyers have access to various tools and resources that allow them to view available homes in your area. If your house is priced unreasonably high compared to similar homes, it might drive potential buyers away."

It is important to pay attention to the feedback that your agent receives from open houses and showings. If the feedback consistently suggests that the price is too high, it might be necessary to reassess and potentially lower the price.

2. Cluttered & Unattractive

How does your house look both inside and outside? First impressions matter!

Make sure your home is clean, decluttered, and well-staged to attract potential buyers. White washing your walls especially allows for a more neutral tone, appealing to more buyers.

Consider repairs and updates: Are there any necessary repairs or updates that need attention? Addressing these issues before listing can make your house more appealing to buyers.

3. Ineffective Marketing

Are you effectively promoting your property? Utilize various marketing channels such as online listings, social media platforms, and traditional advertising methods to reach a wider audience.

The fact is, great marketing like this, sell houses . Need help? Speak with us!

4. Limited Accessibility & Flexibilty

Can potential buyers easily view your home? Be flexible with showings and consider virtual tours or high-quality photos if physical visits are limited.

Avoid restricting the days and times when potential buyers can view your home. Regardless of the market conditions, if you want to maximize the chances of selling your house, you shouldn’t limit the access for prospective buyers. Remember, the more accessible your home is, the greater exposure it will receive.

In some cases, you might encounter highly motivated buyers who are coming from outside your area. These individuals may be busy and won’t have much flexibility in adjusting their schedules to accommodate limited viewing options. To cater to such buyers and ensure their interest is captured, it’s advisable to make your home available for viewing as frequently as possible.

5. Lease Decay

Lease decay refers to the process and impact of a property nearing the end of its lease. For instance, when a condo has only 31 years remaining on its 99-year lease, it experiences the advanced effects of lease decay.

The consequences of lease decay include:

Decreased property value as the lease approaches expiration
Challenges for buyers to secure financing for property purchase
Diminishing funds and motivation to upkeep the property
Longer-term social and legacy concerns.

Now that we’ve identified some common factors causing delays or preventing sales let’s explore ways to overcome these challenges.

1. Leverage the network & experience of a property advisor with proven track record in your neighbourhood.

These professionals have an in-depth knowledge of the local market dynamics and can provide valuable insights into pricing strategies, marketing techniques, and target audience preferences specific to your area.

This expanded reach increases visibility and attracts more interested parties, potentially leading to a quicker sale. Additionally, their experience allows them to identify any potential hurdles or issues that may arise during the selling process and provide proactive solutions.

2. Enhance the curb appeal

Consider staging your house professionally to enhance its appeal and create a welcoming atmosphere for potential buyers.

3. Invest in high-quality photography, videography and virtual tours

Getting professionally done visuals to showcase your house’s best features & make it stand out from the competition.

At the end of the day, first impression counts and selling your home is like entering your property into a beauty contest. The eye catching ones at the right price usually get sold first

4. Be Open To Negotiations

Flexibility on price or terms can help attract more buyers and potentially speed up the selling process

Remember, selling a house takes time and effort, but with the right strategies and mindset, you can increase your chances of success even in a competitive market

Again, if you need expert help to implement the advice above, click here to get in touch .

7 Key Advantages a Real Estate Brings You When Selling Your Property

cobrokeguru@gmail.com (Caleb Leng) — Fri, 07 Jul 2023 07:37:15 GMT

Having the right agent for probably the biggest sale & purchase decision of your live is crucial. Here are 7 key advantages.

21 Home Staging Tips To Sell Your Property Fast & For More

cobrokeguru@gmail.com (Caleb Leng) — Thu, 06 Jul 2023 14:00:56 GMT

When it comes to selling your house quickly, staging plays a crucial role in making a lasting impression on potential buyers and attracting better offers. Staging doesn’t directly impact the structure or functionality of your home, but it significantly influences buyers’ decision-making process when they are presented with a clean, visually appealing property.

To help you stage your house effectively and maximize its selling potential, we have compiled 21 invaluable tips:

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(In case you have just 5 minutes)

21 Home Staging Tips To Sell Your Home Fast & For More

1. Declutter

Decluttering is crucial for successful home staging. By removing excess items, you create a spacious and inviting environment that appeals to potential buyers.

Pack away personal belongings and declutter every room, including closets and storage areas. A clutter-free home enhances visual appeal and helps buyers envision themselves living there.

2. Deep Cleaning

Deep cleaning is crucial for home staging as it creates a pristine and inviting appearance that impresses potential buyers.

A clean home instills confidence, leaving a positive first impression and increasing the chances of selling quickly and at a higher price.

3. Depersonalize

By removing personal items like family photos and personalized decor, you create a neutral environment that allows buyers to envision their own style and preferences.

Depersonalization also helps create a sense of openness and allows the focus to be on the features and potential of the home itself.

4. Furniture Arrangement - Less is More

Thoughtful furniture arrangement can make a significant difference in how buyers perceive the space.

Consider creating conversational areas by arranging chairs and sofas in a way that encourages interaction.

Ensure that walking paths are clear, allowing easy movement throughout the room.

5. Neutral Colors

Neutral colors create a blank canvas for potential buyers, allowing them to envision their own style and décor preferences without being distracted by bold or personalized color choices.

Opt for shades like beige, off-white, or light gray to create a fresh and versatile backdrop that appeals to a wide range of tastes.

6. Think Hotel

When it comes to staging bedrooms, it can be a bit challenging since they tend to be very personalized spaces.

Take inspiration from hotel rooms. Keep things simple with basic color schemes, minimal furniture, and simple artwork.

Even if it’s not your personal taste, this approach will make your bedroom appeal to a wider range of buyers who can easily imagine themselves in the space.

Remember, the goal is to create a neutral and inviting atmosphere that allows potential buyers to envision their own style and preferences in the room.

7. Clear Out Closets

Potential buyers often open closets to get a sense of storage space.

To create a spacious feel, try to declutter and remove as many items as possible. In bedroom and coat closets, using a uniform set of hangers can instantly make the space look more tidy and well-organized.

These little details enhance the overall impression of your home and leave buyers impressed with the ample storage potential.

8. Assign a Clear Purpose For Each Room

Help potential buyers imagine the possibilities of each room. Whether it’s an home office, guest room combo, child's room or a multi-purpose basement, choose one specific role for each space.

This approach allows potential buyers to see the usability of every room and creates a cohesive environment that appeals to their needs and preferences.

9. Create a Welcoming Atmosphere for Socialization

Make it feel like the perfect gathering place! Arrange your furniture in conversational groups, with seats facing each other.

This setup allows potential buyers to envision themselves hosting memorable parties and family gatherings in the space. By creating a warm and inviting atmosphere, you make the home feel more personal and appealing to their social needs.

10. Add Style With Large Pillows

These fluffy accents create a sense of volume, adding visual interest without taking up too much space.

For a pop of color in a neutral color scheme, opt for brightly colored pillows that serve as perfect accents, breathing life into your living space.

11. Implement Symmetry

Symmetry is visually appealing and brings a sense of balance to your space. Make sure to place matching items, like lamps or pillows, on opposite sides to create an orderly and harmonious atmosphere.

When hanging art or decorations, strive for even spacing and balance by using pieces of similar theme or sizes. By embracing symmetry, you create a cohesive and pleasing environment that will captivate potential buyers.

12. Use The TV As "Wall Art"

Utilize your TV as a decorative element? It’s a neat trick to jazz up the room.

Consider playing a captivating slideshow of picturesque images to infuse some vibrancy and liveliness into the space.

And if you want to create a soothing atmosphere, how about playing a video of a tranquil nature scene? It can really help make the room feel calm and grounded.

13. Add Elements of Nature

Freshen up your home and add a vibrant touch of green!

Houseplants are a fantastic investment to breathe life into your space. If taking care of real plants sounds daunting, don’t worry!

Artificial plants can be a great low-maintenance alternative. So go ahead and bring that natural element into your home for a fresh and lively atmosphere.

14. Mirror Mirror On The Wall

Mirrors help create the illusion of more space and brightness in your rooms. These magical decor pieces can enhance the depth and brightness of a room, making it appear larger than it actually is.

Whether it’s a small cozy corner or a dimly lit space, adding mirrors can work wonders. Place them strategically in any room of your house to transform it into a bright and spacious oasis..

15. Maximize Natural Lights

Natural light is warmer, brighter, and more welcoming than artificial lighting.

Before a showing, make sure to maximize the natural light by opening up your windows and letting it flood into every corner.

And don’t forget to give your windows and glass doors a good cleaning to ensure that as much light as possible can make its way inside.

Let nature’s radiance illuminate your space for a truly inviting ambiance..

16. Use Themed Dishes & Cutleries

Potential buyers often take a peek inside the kitchen cabinets and drawers.

Keep just one set of matching dishes in your cabinets, while stowing away the rest in storage.

This not only helps create a sense of orderliness and cleanliness but also presents a cohesive and visually appealing look.

17. Consider Using Matching Glass Storage Containers

Opt for different sizes to store items like flour, sugar, cereal, and pet food.

This creates a tidy and uniform appearance that can impress potential buyers.

With glass containers, you’ll achieve a clean and aesthetically pleasing look that adds an extra touch of organization to your pantry space..

18. Deep Clean Your Appliances

Potential buyers may open your built in dish washers ovens and refrigerators that fit into made-to-measure spaces.

These appliances can quickly accumulate grime, so take the time to give them a thorough cleaning.

Even if you don’t anticipate guests opening the refrigerator or microwave, it’s better to be prepared and have these appliances sparkling clean.

For a natural way to eliminate kitchen odors, try rubbing the surfaces with a cut lemon. This simple trick will leave your appliances fresh and ready to impress potential buyers..

19. Bathrooms "Sanctuaries"

Transforming your bathroom into a luxurious spa-like retreat is easier than you think!

Simply add a few essential items, you can create a whole new ambiance.

Treat yourself to a fancy soap dispenser, place a basket filled with fluffy towels, and light some scented candles for an instant change.

Don’t forget to assess the condition of existing items too!

If your bath mat or shower curtain have seen better days with stains or wear, it might be worth considering replacements before showcasing your home.

Your potential buyers will appreciate the attention to detail and the soothing atmosphere you’ve created in your bathroom sanctuary…

20. Use a Fruit Bowl In The Kitchen

Make sure your kitchen is clutter-free and has ample open counter space with minimal personal items.

A neat trick is to placing a bowl of fresh fruit on the island or dining table.

It can really make a great impression. It adds a burst of color, making the whole kitchen feel more vibrant and alive.

Give it a try and see the difference it makes!

21. Power Wash & Declutter Outside (Landed Home Owners)

Keep your driveway and walkways clean to minimize dirt and debris.

Consider power washing to make these surfaces shine, reducing the buyer’s concern about outdoor upkeep.

Clear your yard and porch of personal items and clutter a consider adding a lawn game or hammock outside to showcase a fun and functional yard space for buyers.

In summary

Don’t shy away from the effort that goes into staging your home. The extra work will pay off when you make a great first impression on potential buyers, leading to more competitive offers and a successful selling experience. Embrace the opportunity to showcase your home in its best light and reap the rewards of your hard work.

The Ultimate List Of 509 Freehold Condos Near MRT (Within 500m)

cobrokeguru@gmail.com (Caleb Leng) — Tue, 06 Jun 2023 15:49:58 GMT

[FREE Home Buying Checklist]

Plus 7 Timeless Ways To Spot Highly Discounted "Property Gems" Regardless Of The Market Conditions

In 2022 alone, a daily average of about 2.929 million people utilized the MRT in Singapore.

It's no wonder that a condo near an MRT hub is most sought after.

Compared with a leasehold condo, there's no worrying about lease expiration if you get one with a freehold status.

Choosing a high growth freehold property can help passively multiply & protect your wealth while hedging against inflation.

If you are looking for a socially connected home without worrying about lease decay, you are in the right place! Check out this ultimate list of freehold developments within 500 metres of an MRT

If you need personalized advice for your situation, speak to us! We'd be happy to guide you along.

If you've already gotten your home and wish to know what's your home currently worth, click here to find out.

Let's dive right in!

Table Of Content

Updated List of 509 Freehold Condos In Singapore Near MRT (Within 500m)

East West Line (Green Line)
North South Line (Red Line)
North East Line (Purple Line)
Circle Line (Yellow Line)
Downtown Line (Blue Line)
Thomson Line (Brown Line)

*We've included some 999 years condos along the blue line as well.

East West Line

(Green Line)

Source: Squarefoot

$PSF Data from Jan'23 - June'23

North South Line

(Red Line)

[FREE PDF Download]

Complete Checklist To Selling Your HDB or Private Property In Singapore

Detailed checklist with everything you need to sell high & sell fast without stress while avoiding legal complications & costly mistakes.

Thomson East Coast Line

(Brown Line)

[FREE PDF Download]

Complete Checklist To Buying a Private Property In Singapore

Detailed checklist with everything you need to know when it comes to buying a private resale or new build property PLUS 7 expert insights to spot profitable resale condos.

North East Line

(Purple Line)

[FREE PDF Download]

Complete Checklist To Selling Your HDB or Private Property In Singapore

Detailed checklist with everything you need to sell high & sell fast without stress while avoiding legal complications & costly mistakes.

Circle Line

(Yellow Line)

[FREE PDF Download]

Complete Checklist To Buying Your HDB or Private Property In Singapore PLUS 7 Ways To Spot Undervalued Properties.

Detailed checklist with everything you need to know to buy without stress, avoid legal complications & costly mistakes.

Downtown Line

(Blue Line)

15 Spacious Freehold Condos Near MRT (East-West Line)

cobrokeguru@gmail.com (Caleb Leng) — Thu, 01 Jun 2023 14:25:54 GMT

In 2022, a daily average of about 2.929 million people utilized the MRT in Singapore.

The East West or Green Line MRT, which runs from Pasir Ris in the east to Joo Koon in the west, is one of the most important routes for these commuters.

It's no wonder that a condo near an MRT hub is most sought after.

Aside from accessibility, Singaporeans also factor in the lease tenure when choosing a home.

Compared with a leasehold condo, there's no worrying about lease expiration if you get one with a freehold status.

If you are looking for a socially connected home with life-long tenure, you are in the right place! Check out this list of 15 freehold developments that we have picked out for you.

1. Katong Regency

Location: 15 Tanjong Katong Road

Nearest MRT: (EW8) Paya Lebar

TOP: 2015

Number of units : 244

Notable Feature

This freehold property features numerous amenities for its residents - pools, Jacuzzi enclave, reading pavilion, meditation pavilion, koi pond, play lawn, gym, BBQ patio and the list goes on.

It is a condo that's

situated above a mall which makes it very convenient for residents to get their supplies conveniently.

The condo is located in Geylang, District 15. It is just a 6-minute walk to the nearest MRT station, Paya Lebar, a bustling interchange between the East West & Circle Lines.

It is a city fringe condo and is easily connected to the Central Region by expressway. The Changi International Airport is also a relatively short drive from this location.

Reputable schools like Tanjong Katong Girls School, Kong Hwa and Geylang Methodist are within 1-2km distance. Also within the vicinity are shopping malls like the City Plaza, Parkway Parade, Paya Lebar Square and of course, Kinex mall (formerly OneKM) which is directly below the residential units.

Parkway East Hospital, International Medical Clinic - Katong and Farrer Park Hospital are the nearest medical facilities.

If you're looking for more space, 3-bedroom units in this condo might just work for you. They range between 1,389 to 1,991 sq. ft. averaging at $1,832.33 - $ 2,391.41 PSF which is still a modest price.

2. Spottiswoode Residences

Location : 48 Spottiswoode Park Road

Nearest MRT: (EW16) Outram Park

TOP : 2014

Number of units: 351

Notable Features

Residents of this condo can indulge in a holistic array of facilities that aim to rejuvenate the mind, body and soul. A few of the featured amenities include a leisure terrace, rain forest shower, massage pavilion, Jacuzzi, sky gym, yoga/meditation corner, sports bar, billiard table, games machine and reading corner.

Located in Bukit Merah in District 2, living here will put you at the heart of downtown Singapore. The nearest MRT station is in Outram Park which is a 13-minute walk away. Major landmarks like Clark Quay, Raffles Place, Gardens by the Bay are conveniently accessible.

If you are working in the CBD area or just want to go on a shopping spree in Orchard Road, VivoCity or Resorts World Sentosa, a short 15-minute drive (or less) will take you there. This condo is perfect for anyone who prefers a fast-paced city lifestyle.

Some of the schools near Spottiswoode Residences are CHIJ Kellock Primary School, Outram Secondary School, Gan Eng Seng School, K12 International Academy Singapore and Duke-NUS Medical School.

For medical consultation, one can go to Outram Polyclinic, Singapore General Hospital and Fullerton Healthcare Clinic. FairPrice, Cold Storage and Tanjong Pagar Plaza are within the vicinity for groceries and shopping.

Spacious 3-bedroom penthouses are one of the key features of Spottiswoode Residences, which range from 2,200 to 3,000 sq. ft. A family can truly appreciate comfort in a sizable home here, something which is rare in new condos. Other 3-bedroom units measure 1,400 sq. ft.

3. The Riverine By The Park

Location: 398 Kallang Road

Nearest MRT: (EW10) Kallang

TOP: 2010

Number of units: 96

The Riverine by the Park not only offers a range of other recreational facilities but it has spectacular views of the surrounding Kallang River to boast. The apartment complex has designed its facilities to make the most of these views.

The lap pool, for example, is positioned parallel to the river and has an infinity edge that extends the view to the horizon. Other facilities include a well-equipped gymnasium, Jacuzzi, sauna and steam room, BBQ deck and sunbathing deck.

The condo is situated along Kallang Road in District 12. It is reachable through the nearby MRT stations of Lavender and Kallang, both of which are only a short stroll away. Lavender is a little farther away, at 744m, than Kallang station, which is only 314m from the spot.

If you prefer to drive, it just takes 10 to 15 minutes to go to key places like the Esplanade, Marina Bay Sands and Orchard Road.

Kallang River Park is also a popular recreational getaway for residents who want to go hiking, biking, boating & fishing.

Eton House International School, Bendemeer Primary School, Stamford Primary School, and Birmingham Academy Pte Ltd are schools closest to The Riverine By The Park.

Supermarkets at FairPrice Upper Boon Keng Road, Sheng Siong Supermarket and Cold Storage Aperia Mall are nearby. For medical services, residents can go to The Clinic Group @ Aperia, New Town Clinic and Ko Family Clinic.

This development's unit sizes are suitable for accommodating a family comfortably. The 3-bedders are at 1,206 to 1,302 sq.ft. while 4-bedders measure 1,776 sq.ft. Around the time of writing, homes ranges between $2,010 - $2,544 PSF & rental yields from $6,488 - $12,000/mth

4. The Regency At Tiong Bahru

Location: 38 Chay Yan Street

Nearest MRT : (EW17) Tiong Bahru

TOP : 2010

Number of units: 158

The Regency At Tiong Bahru is an architectural masterpiece that offers stunning 270° panoramic views of the city harbor and the CBD. Aside from the view, the barbecue area, lap pool, playground, spa pool, gymnasium room, and multipurpose hall are all available to residents.

Additionally, residents may take advantage of the tranquility and isolation this place offers.

This home development is located in District 3 in Bukit Merah. It is walking distance to the Tiong Bahru station which is only 588m away.

The Tiong Bahru Plaza, which houses a mix of shops, restaurants and services is within a kilometer away.

Vivo City and Resorts World Sentosa are also within close proximity and can be reached by private vehicle in less than 15 minutes.

The condominium is surrounded by a variety of key institutions so tenants don't need to travel far for the needed services. Zhangde Primary School, CHIJ (Kellock), Outram Secondary School, Radin Mas Primary

School are all within 2 kilometres away. FairPrice Kim Tian and Tiong Bahru and Giant Express are nearby for grocery needs.

Firsthealth Clinic and Surgery, Marina Medical Centre (Tiong Bahru) and the Singapore General Hospital are nearby for healthcare needs.

Units at The Regency At Tiong Bahru are more than ample, where 3-bedrooms measure 1,275 sq. ft. and 4-bedrooms are at 1,636 sq. ft. At the time of writing, units at this development ranges between $2,261 - $2,327 psf. Rental yields ranges from $7,700 - $9,500/mth

5. The Marbella Condo

Location: 29 Mount Sinai Rise

Nearest MRT : (EW22) Dover

TOP : 2005

Number of units: 239

The Marbella is located in the prime District 10 area. Aside from common facilities found in condos in Singapore, The Marbella houses a jogging track, basketball and tennis courts and putting green that promote sports for recreation.

The condo is in Bukit Timah neighbourhood where the majority of upscale condominiums and landed homes are. A lot of expats settle in this location where several embassies, consulates and ministries are placed.

You are also in very close proximity to an MRT station if you live in this condo.

A five-minute walk is all that takes to get to the Tiong Bahru station. One of Singapore's famous attractions, the Botanic Gardens, is relatively close by.

This is the first UNESCO Heritage Site in the country and a must-visit especially for nature lovers. Holland Village, which is a known hangout for its hawker centre, cafes and bars is just about 3km from here.

Aside from being close to attractions, it is also one of the freehold condos near very good schools.

Singapore Polytechnic, United World College of South East Asia and ACS International School are within 5km only. The National University of Singapore is only 3.3km or less than a 10-minute drive away.

Supermarkets and shopping centres in the area include Clementi Market and Food Center. For medical needs, residents can go to nearby Ridegewood Medical Clinic and Vista Medical Center.

This development offers enormous units with several layout options.

The 3-bedroom units range from 1,367 to 3,251 sq. ft. and 4-bedrooms measure 1,647 to 4,295 sq. ft. Commensurate to the size of these units, they are currently priced at around $ 2,300 PSF.

6. Montview

Location: 63 Mount Sinai Drive

Nearest MRT : (EW22) Dover

TOP : 2008

Number of units: 115

Notable Features

Located in the affluent District 10 in Bukit Timah, Montview is a contemporary designed residence that features full condo facilities for its tenants.

Some of the noteworthy facilities include a meditation corner, fern garden, scent garden, tennis court and spa bubble pool. In addition, all of the units at this development are directed north-south to showcase the views of Bukit Timah and Pandan Valley.

This condo is easily accessible via the Dover MRT station which is 615m, or about a 9-minute walk away. The condo's location is very close to Holland Village where residents can head to for their dining and shopping pleasures. Getting to the Central Business Distric is not difficult via the expressway either.

Shopping malls like The Clementi Mall and The Star Vista are easily within reach from this home.

For daily necessities, Sheng Siong Hypermarket, Jelita Cold Storage and FairPrice are great alternatives.

The area also home to well-known educational institutions like the National University of Singapore (NUS) and Singapore Polytechnic, which are only within 3km from Montview.

Other established schools like Henry Park Primary School, Nanyang Primary, New Town Secondary School and Anglo-Chinese School are also close by.

Residents who need medical attention can go to Ng Teng Fong Hospital, National University Hospital, Singapore General Hospital.

If space is a consideration for your home, you will appreciate the the sizable 3 and 4 bedroom units at Montview which measure 1,475 to 1,679 sq. ft. and 1,701 to 3,412 sq. ft., respectively.

Based on the past recorded transactions, 3-bedders were priced at around $ 3.15 million while the 4-bedders transacted at above $ 4 million.

As of the time of writing, units at this development ranges between $2,110 - $2,209 psf.

7. Regency Suites

Location: 36 Kim Tian Road

Nearest MRT : (EW17) Tiong Bahru

TOP : 2008

Number of units: 104

Regency Suites is a high-rise apartment that offers condo amenities and freehold status to its tenants.

Swimming pool, Jacuzzi, sauna and gym are available for adult recreation while children get to relish in the kids pool and playground.

Parking lots here are sheltered so tenants need not worry about getting wet in the rain when getting in the car.

This development's top advantage is its accessibility. It is located in District 3 in Bukit Merah and yes, it's a building that's also near an MRT.

District 3 is currently served by the Green Line with the nearest station at Tiong Bahru, which is 305m away.

There are multiple bus stops around the compound making Regency Suites a centrally convenient location for a home.

The condo has long attracted landlords due to its fantastic location.

Shophouses outside the building and the renowned Tiong Bahru Market provide a variety of dining selections in this side of town. Fairprice along Kim Tian Road, Tiong Bahru Plaza and Concorde Shopping Centre are the closest options for groceries and shopping.

For a growing family with little ones, Hampton Pre-School, CS Montessori Kindergarten, PCF Sparkletots Preschool are in the vicinity. For older kids, you can consider CHIJ Kellock Primary School and Bukit Merah Secondary School.

Spacious units are not that common anymore but here you will find massive 4-bedroom units up to 4,532 sq. ft!

Per last transaction price, the 4-bedder sold close to $ 6 million. On the other hand, 3-bedroom apartments are more than roomy at 1,421 sq. ft.

Average price ranged between $2,251 - $2,378 PSF (accurate at the time of this article)

8. City Square Residences

Location: 14 Kitchener Link

Nearest MRT : (EW11) Lavender

TOP : 2009

Number of units: 910

There's a wide variety of amenities available for residents to take advantage of in City Square Residences — a 50m lap pool with Jacuzzi, kid’s pool with waterplay equipment and a fun pool with fountain, mini golf range, bowling alley, tennis court, karaoke and so much more!

On top of that, the resort-theme at this development makes you feel like living in an oasis despite the cityscape around you.

This freehold condo is located in District 8 in Kallang neighbourhood. Farrer Park MRT station (North East Line) and Lavender MRT station (East West Line) are the 2 closest hubs, reachable at a 6 and 13-minute walk, respectively.

Residents living close to the Lavender station has an edge if they work in the CDB, all it takes is three stops via the Raffles Place MRT station.

Residents don't need to go far to get what they need because right across is City Square Mall where you'll find a host of shops, restaurants, hypermarket and more.

Other shopping options in the vicinity are Jalan Besar Plaza and New World Centre and for a quick grocery run, one can head over to Sheng Shiong, Mustafa Centre, Rowell Minimart or FairPrice.

Clinics and medical facilities nearby include Drs Ong & Partners, Han's Clinic, The Straits Clinic. Some of the nearest schools are Stamford Primary School, Farrer Park Primary School and Insworld Institute.

City Square Residences offer units that are roomy enough for the family. The 3-bedroom units measure 1,206-1,518 sq. ft. while 4-bedrooms range from 1,195 to 1,690 sq. ft.

Past recorded transactions for 3 and 4-bedroom units transacted at more or less $ 2.5 million.

Average price ranged between $1,907 - $2,259 PSF (accurate at the time of this article)

9. Kallang Riverside

Location: 51 Kampong Bugis

Nearest MRT : (EW11) Lavender

TOP : 2019

Number of units: 212

Kallang Riverside treats its residents with a captivating view. Situated near the river, you can find a pleasing sight just by looking out the window.

The condo boasts of unique amenities like an aqua gym, yoga deck and outdoor fitness station. Children's playground, BBQ area and swimming pool are available for families to enjoy.

This freehold condo is located in District 12 and is within walking distance from both Lavender & Kallang MRT station.

A short drive will take you to popular attractions like Orchard Road, Gardens by the Bay and Kallang Riverside Park.

Good schools such as Hong Wen School, Dunman High School, Stamford Primary School are within close proximity and about a 10-minute drive away.

For convenience, you can easily run to Cold Storage, FairPrice Kitchener Complex and Upper Boon Keng for your grocery needs.

In case you have medical concerns, Khoo Family Clinic & Surgery, The Clinic Group @ Aperia and TrueCare Clinic are just nearby.

Sports lovers and Singapore swimming club members are not too far from the Singapore Sports Hub and club either.

The development provides tenants with large living spaces with 3-bedroom options ranging from 1,140 to 1,936 sq. ft. and 4-bedders measuring 2,507 to 3,498 sq. ft.

Prices start from $2,100 psf (accurate at the time of this writing)

10. Rezi 26

Location: 5 Lorong 26 Geylang

Nearest MRT : (EW9) Aljunied

TOP : 2015

Number of units: 106

Rezi 26 is located in District 14 and is probably one of the most affordable freehold condos near MRT.

Aljunied MRT station (it's less than a 10-minute walk), this makes a great buy.

Aside from the essential amenities (i.e., pool, security, gym) which are present in this condo, you get to experience living in the vibrant neighbourhood of Geylang. Next to the condo are multitude of shophouses that offer affordable food options so you'll never go hungry here.

For grocery needs, residents can go to the nearest FairPrice and Cold Storage. Educational institutions like Kong Hwa and Geylang Methodist, Broadrick Secondary School are also accessible and just less than a kilometre from Rezi 26.

The 3-bedroom penthouses at Rezi 26, measuring from 1,184 to 2,045 sq. ft. are very spacious, making it perfect for families. Regular 3-bedders are average in size which are 980 to 1,087 sq. ft. This condo is an excellent option for those looking for good potential yields

Prices start from $1,527 - $1,858 psf (accurate at the time of this writing)
Rental ranges from $2,900 - $6,500//mth

11. Casa Sarina

Location: 101 Lorong Sarina

Nearest MRT : (EW7) Eunos

TOP : 1998

Number of units: 138

Next on our list of affordable freehold condominiums is Casa Sarina. It is a development that was completed a while back but it features modern facilities such as swimming pool, BBQ pit, putting green and playground that residents can enjoy.

It is located in District 14 in Bedok, which is quiet and more relaxed despite being the largest planning area in Singapore. This development is 445m from the nearest MRT station, Eunos, which is about a 7-minute walk.

Transportation by bus is also very convenient in the area due to several bus stops around. This home is great if you're a Singapore resident who loves the outdoors. East Coast Park and Bedok Reservoir are the neighbourhood's natural attractions where one can swim, run, kayak at their leisure time.

The condo is also close to My Little Gems Preschool, Eunos Primary and Manjusri Secondary Schools. Residents can go to nearby shopping malls like KINEX (formerly OneKM), Joo Chiat Complex and City Plaza for necessities. All of these places can be reached within 10-15 min of commute. For healthcare needs, the nearest that one can go to are Parkway East Medical Centre and Eunos Clinic.

Prices start from $1,724 - $1,800psf (accurate at the time of this writing)

12. Parc Elegance

Location: 17 Telok Kurau Rd S423763

Nearest MRT : (EW6) Kembangan

TOP : 2013

Number of units: 161

This is a beautiful development located in the quiet neighbourhood of Bedok, in District 15. Residents can enjoy the tranquility of the surroundings by taking a stroll around the compound or by taking advantage of the condo facilities like swimming pool, fitness gym and BBQ area.

The nearest MRT is the Kembangan station which is about a 9-minute walk away. Despite being in a laid back residential area, there is no lack of interesting places nearby. Take Marine Parade where the East Coast Park is located. Locals residing around Bedok frequent this place where they can ride rented bicycles, go cable skiing, run by the beach, or just enjoy the view. Parkway Parade, a shopping and dining destination in the suburbs is about 3km away.

Parc Elegance is also just walking distance from Kembangan Plaza Shopping Mall where residents can go to buy groceries and necessities. Other options are FairPrice - Lengkok Tiga and Siglap Centre, which are both less than a 20-minute commute to reach. Nearby schools include Eunos Primary, St. Stephen's and Haig Girls' School. For residents with vehicles, Orchard Road can be reached in 15 minutes via the Pan Island Expressway (PIE) and East Coast Parkway (ECP). For healthcare needs, Parkway East Medical Centre and Eunos Clinic are the closest options.

For a starting family, this home offers great value with 3-bedrooms priced from under $1.8 million or just $1,275 PSF of last year. The 4-bedders are not expensive either, transacting around $ 1,654 Psf. (Accurate at the time of writing)

13. Alexis

Location: 354 Alexandra Road

Nearest MRT : (EW6) Queenstown

TOP : 2012

Number of units: 293

This low-rise development is located in District 3 at the city fringe in the Central Region. It features a notable 75-meter sky pool and heated spa pods for leisure and relaxation. Other amenities include a hydro jet pool, BBQ area, gym, steam room and basement car park lots.

Alexis is another great home near MRT, with the Queenstown station only 381m or about a 6-minute walk away. In this neighbourhood, you can find several luxury car dealerships. Just right across the road, you can visit showrooms for Mercedes-Benz, BWM, Bugatti and Peugeot.

Ikea in Alexandra Road is also a stone's throw away for residents to purchase their furniture and decor. Nature lovers can take a short commute to Kent Ridge Park to take a hike or simply bask in greenery.

Residents of Alexis have many shopping and restaurant options in the area. Queensway, Anchorpoint Food Centre, Fairprice and Ikea are some of the popular go-to places.

Families with children also have several school options like Rainbow Cove Montessori, PCF Sparkletots Preschool, New Town Primary and Secondary School, and Queenstown Campus.

If anyone needs healthcare services, Raffles Medical, Mei Ling Clinic and Queenstown Polyclinic are all within 5km distance.

Listings go from $1,359 - $3,234 psf & rental ranges from $3,300 - $16,900.

14. Mori Residences

Location: 223 Guillemard Road

Nearest MRT : (EW9) Aljunied

Expected TOP : Dec 2026

Number of units: 137

The latest home technologies paired with the in-house facilities to be built at this project - 23m lap pool, spa pool, jet pool, play pool, outdoor dining area, spa, garden terrace, fitness corner and lounge will surely enhance the lifestyle of its residents. With a few vacant units left at this new launch, one might highly consider this as their next home choice.

Being equidistant from the Aljunied and Mountbatten MRT stations which are about a 10-minute walk away, the location is just perfect. Mori is situated in District 15 in Geylang where residents can easily commute via MRT, bus or expressway. It is also just a short drive away from the Changi International Airport. The benefits of living here include reduced traffic, easy commutes, close access to the CBD, and neighbourhood services.

Future residents need not worry about finding schools, supermarkets or medical facilities around. Some of the renowned schools like James Cook University, St Hilda’s Kindergarten, EIS International Pre-School, Kong Hwa School, Geylang Methodist School, Haigs Girls’ School are within a short distance. City Plaza, KINEX, Kallang Wave Mall in the area offer retail and dining selections. Cassia Clinic & Surgery, Xinho Medical Clinic, Healthwise Medical Clinic & Surgery and Northeast Medical Group are all within the immediate locality.

The selling price for Mori is projected at $1,619 - $2,166 PSF. Per the latest transactions from 2021-2022, 3-bedroom and 4-bedroom units transacted at $1.76 million and a little upward of $2 million, respectively. Such a steal for a new launch!

15. Alessandrea

Location: 31 Alexandra Road

Nearest MRT : (EW18) Redhill

TOP : 2004

Number of units: 105 Units, 2 & 3 bedrooms Over 19 Floors

At Alessandrea, one can lavish in luxurious, resort-themed living and make use of the condo's modern e-features. It is located in District 3 which puts you close to the CBD (approximately a 10-minute drive via CTE) but it was designed without compromising the resident's rest and relaxation. Residents can have an entertaining time making use of amenities such as swimming pool, Jacuzzi, foot reflexology path, fitness stations and BBQ pits.

The condo is in the Bukit Merah neighbourhood, and is closest to the Redhill and Tiong Bahru MRT stations. Both are reachable in about 11 minutes by foot. Alessandrea is good for residents who want a balance of a quiet life and the convenience of city-living due to being situated between the busy Orchard shopping district and nature parks. VivoCity, the largest shopping mall in Singapore, is only 4km away and three major parks—Kent Ridge Park, Telok Blangah Hill Park, and Mount Faber Park, are all within the10 km radius.

Nearby schools include Alexandra Primary School, Crescent Girls' School, River Valley Primary School, Gan Eng Seng Secondary School and Henderson Secondary School. Popular dining and shopping places closest to the condo are Ikea, Tiong Bahru Plaza and Anchorpoint Shopping Centre. Huang Surgery Private Limited, Babes N Tots Clinic, Mei Ling Clinic are within close proximity to cater to residents' healthcare needs.

Price trend shows that 3-bedroom units transacted between $ 1,520 to $ 1,680 PSF in 2021-2022 while prices in 2023 starts from $1,948 Sqft.

Rental ranges from $6,000 - $6,300/mth

Unlocking Opportunities With a Good Property Agent In Singapore

cobrokeguru@gmail.com (Caleb Leng) — Fri, 05 May 2023 06:53:58 GMT

Navigating The Real Estate Market: How Can A Property Agent In Singapore Guide Me?

Unlock Opportunities With A Good Property Agent In Singapore

S ingapore's property market is dynamic and it offers a variety of opportunities for buying, selling, renting, and investing. Navigating this market can be challenging for many, especially without the necessary information and experience.

This is where a good property agent comes in handy. Property agents are licensed professionals who focus on offering clients knowledgeable guidance and services in the real estate industry. In this article, we'll take a closer look at the role of property agents in Singapore and how they can assist you with your real estate goals.

Roles Of A Real Estate Agent: Why Do You Need One?

Singaporeans may require a real estate agent's services for a variety of reasons. The most common of these are outlined below:

1. Buying or selling your property

Agents offer services such as marketing, handling paperwork and contracts, home search, price negotiations, etc. If you're buying or selling an HDB flat where there are several eligibility conditions and procedures, a real estate agent can help you navigate the complexities of the process.

2. Renting property

Agents can assist in finding the type of property that fit the needs, preferences, and budget of the client. They can make arrangements for home viewings, and provide expert advice on the rental market and leasing process. Additionally, they have a broad range of contacts which include landlords.

3. Real estate investing

Property agents can help identify the best areas and properties to invest in and provide guidance on investment strategies and risk management. They can provide market analysis and insights on market trends and regulations to guide investors in making informed decisions.

Buy or Sell With A Property Agent in Singapore or DIY-style?

This is a very common question, especially from first-time buyers and sellers and it is actually a good thought. Although you can buy and sell a property in Singapore without an agent, it is advisable to weigh the costs against the benefits before deciding to hire one or do it on your own.

Let's start with the pros:

The right property agents are experts in their field

They have in-depth knowledge of the local real estate market, including current trends, property values, and regulations.

They can help you decide on the best time to buy or sell, the best property to invest in, give professional advice on financing, provide a comparative market analysis (CMA), etc.

They are also skilled negotiators so you can rely on your property agent to help you work out a better deal. The valuable assistance that agents can provide comes with their years of experience.

Hiring an agent helps you save time and effort.

A property transaction, like buying or selling, usually takes a minimum of 6 months based on data.

The process can take longer if you are unsure of it or are learning as you go. If you're selling, you need to take care of advertising, staging, showing, pricing, and so on.

For buyers, even searching for a home on property portals can eat up so much precious time. On the other hand, an agent can offer a range of services, including but not limited to the ones mentioned.

Realtors have access to a vast network of clients and industry professionals,

They can use their marketing skills and resources to help you find the right buyer or property for your needs. Some property agencies in Singapore may even have access to exclusive listings that are not available publicly, giving you a wider selection.

Buying or selling a property can be a stressful and complex undertaking.

Finding the right property, dealing with paperwork, complying with regulations, managing finances, and negotiating with interested parties are among the various tasks involved in the process. Working with a registered agent can help ease some of your load and make the experience less exhausting and more convenient.

And cons:

As much as property agents are beneficial, hiring one may also have some drawbacks.

Let's try to see if these outweigh the advantages listed above.

A real estate salesperson typically charges a percentage or an amount of commission,

This amount may be a significant cost for both the buyer and seller. If the seller is in a rush to sell or if the property is more difficult to sell, commissions paid by sellers may significantly increase. On the bright side, the agent's commission rates are generally flexible and negotiable depending on the circumstanc es.

Hiring an agent means you may have to rely on them to handle the transaction giving you limited control.

You will be outsourcing certain tasks like negotiations, paperwork, and the rest of the legwork. This takes a lot of trust in the agent and it can be a drawback for some individuals who prefer to have a hands-on approach to the process.

Although uncommon, conflicts of interest can be a possibility.

When hiring an agent, they are expected to offer their unbiased service in the best interest of their clients. However, they are incentivized to close deals, and there might be times when an agent's personal or professional interests conflict with or are not aligned with those of their clients.

Five Non-Negotiable Questions To Ask Your Property Agent

It would be sensible to get to know an agent before you hand over the reins for them to represent you and manage your affairs. In addition to doing your own research, it would be a great idea to personally qualify them by asking these key questions.

1. What is the extent of your experience?

Having an idea of a property agent's real estate career can help you gain confidence in their ability so this made it to the top 1 of our list. Ask them questions about their background, credentials, success rate, and membership with industry associations.

Make sure that the agent you are considering is licensed and CEA-registered. The Council for Estate Agencies in Singapore is the governing body responsible for regulating the real estate industry in the country and maintaining a register of licensed property agents. You can also research the agent's real estate company via CEA's website and look for information about their track record, awards, and recognition in the industry.

2. How much do you charge for your services?

This must be one of the most crucial questions to ask since it enables you to assess whether the total cost of the agent's services fits within your budget. Costs like commissions will have an impact on the net profit so it is important to know this information. By asking, you can also compare rates with another agent before selecting who you would like to work with.

3. How do you plan to meet my needs?

Knowing your agent's approach to property search or marketing is essential for both buyers and sellers. Many agents rely on their network, starting with their realty company when sourcing homes. If you're in the process of buying, it's critical to understand how the agent plans to identify the ideal property, how many listings will be shortlisted, and whether other buyers are searching for properties of the same kind. For sellers, it is crucial to know the agent's marketing approach, frequency of advertising, and media channels used to advertise the property.

4. Do you earn any referral fees in addition to the fees I pay for your services?

You would like to ask this question to identify conflict of interest situations. Many property agents have strong connections to businesses in the industry (e.g. banks, renovation companies), which may result in them receiving referral fees for referring clients to avail of their third-party services. Knowing this information will provide you with some insight into their potential interests. Agents are required by the CEA to avoid conflicts of interest and to disclose any possible conflicts in writing to their clients.

5. How many clients are you serving right now?

Knowing how many clients an agent is serving at the moment can help determine their workload and availability to cater to your needs. This can help you assess if they have the capacity to provide their commitment and attention to your demands. Top producers who are likely to have too many clients might not have the time to dedicate to each one, which could have a detrimental effect on the level of service they provide. On the other hand, if they have very few clients, it could mean that they lack experience, such as in the case of new agents.

Sales Commissions: Singapore Property Agents Reveal How Much They Earn Per Transaction

The CEA was established to oversee the real estate industry since 2010. However, they do not determine commission rates and you are free to negotiate the amount with your agent. There is no set amount or standard percentage for such fees but for reference, here are the typical rates as of 2022.

Non-landed private properties (e.g. condominiums)

The seller usually pays 2% but it can go up to 4%, especially for new launches. The buyer customarily does not pay the agent, regardless of whether they’re using a buyer’s agent or not. The seller’s agent splits the commission with the buyer’s agent.

Landed Properties

The seller usually pays 2%, but it is flexible and can be higher since situations tend to be more unique. The buyer customarily does not pay the agent, regardless of whether they’re using a buyer’s agent or not. The seller’s agent splits the commission with the buyer’s agent.

Resale HDB Flats

If the parties transact for the sale of an HDB resale flat, the seller usually pays 2% while the buyer pays 1% commission to their agents.

Co-Broking Commissions

Co-broking refers to when two or more real estate agents work together to sell or rent a property. One agent represents the buyer, while another agent represents the seller.

Both agents then split the commission from the successful sale or rental of the property.

This is a common practice in the real estate industry in Singapore, as it helps to connect buyers and sellers or tenants and landlords more efficiently.

Exclusive or Multiple Agents: What Are The Pros & Cons?

In an exclusive agreement , you agree to transact only through that agent. That means you buy, sell, or rent your property through an exclusive agreement with one agent/agency, which is usually valid for up to three months.

An exclusive agent is likely to put in focused effort s, present a more personalized service and be more motivated.

Having one point of contact means easier communication, reducing the potential for confusion and misunderstandings.

During the validity period, you are responsible to pay a commission to the appointed agent even if you sell, buy, or lease the property through another agency or completed the transaction on your own.

If you sell your house within three months after the validity period has passed, you are still required to pay a commission to the agent if the buyer was a party introduced by your exclusive agent during the time your agreement was still valid.

In a non-exclusive agreemen t, you may work with a number of agents or property agencies to assist with your real estate transaction.

You will have more people working for you if you hire multiple agents, which may be advantageous. However, it's possible that you may not be at the top of their priority since none of them have the sole authority to represent you.

Having multiple agents could lead to duplication of effort, making it more challenging for you to oversee the process and possibly cause confusion to prospects. Conflicting or duplicate marketing ads may even lead to war which is not favorable to you.

You only pay a commission to the agent/agency that successfully helped in completing the transaction.

If more than one agent introduced the buyer to you, you need to specify who earns the commission.

Is It Better To Work With A Solo Agent vs A Team of Agents?

A real estate agent can either work independently or as part of a team. As a client, you should consider the pros and cons of each option before deciding to hire their services.

A solo agent is someone who works exclusively with a buyer or a seller during the entire process, from start to completion.

As a result, you are likely to develop a relationship with that person. Since the process involves discussing sensitive information like your finances, you may be more comfortable having this conversation with one trusted agent rather than with a group.

You can also count on a solo agent to take full responsibility for meeting deadlines and commitments. This also means that the agent will take all of the workload and if they are serving other clients concurrently, the agent may not be able to give you all of the focus that you demand.

On the other hand, if you decide to engage in the services of a team of agents, you can expect to be coordinating with different people who are usually assigned specialized tasks.

A team can consist of seller's agents, buyer's agents, admin assistants, and marketing directors. You would want to understand how the team is run for you to determine if this is the setup that suits your needs.

The biggest advantage of working with a team of agents is probably its cost-effectiveness. You will have more professionals working at your disposal at no extra cost.

However, the potential for communication breakdown is increased due to several people involved in the process but this can be remedied as long as there is openness and cooperation from both the client and the agents.