Notes

What Homebuyers Should look for When Purchasing Their First Properties
As first-time homebuyers, you will find 2 components that are important to take into account before diving right in to select the condo of your dreams: namely, the finances of yours and the real estate bank loan you are taking on.

Budget
There are a number of extra expenses when you opt to get a condo over an HDB flat, hence your budget needs to take these into account. Here are four key numbers you have to calculate to discover the kind of condo you are able to afford:

Housing Loan
In case you take out a bank loan, you can borrow about seventy five % of the property's valuation - assuming you haven't exceeded the TDSR limit.

A word of warning though: many individuals overextend themselves financially to purchase the dream homes of theirs and fail to find out the risks involved.

Loan interest rates are extremely volatile and sensitive to the macro environment. Any negative impact on the market can readily cause an unexpected rise in interest rates, which leads to you paying out much more than what you would originally planned every month.

Singapore Condo
There are numerous advantages to owning a condo in Singapore. Whether you're on the lookout for a place or an investment to call home, a condo is a good alternative. Because of so many options available, it could be hard to determine which one is ideal for you. If you are keen on learning more about condos in Singapore, make sure to contact juniper hill now.

Which is Better? Freehold vs Leasehold
The choice is dependent upon the estimated period of yours of stay and budget. You pay more for freehold qualities due to the long ownership, which also enables simple financing. It's best for homebuyers or perhaps HDB upgraders that intend to stay for a long time.



If finances are a constraint, leasehold is usually a viable alternative offered the property is under twenty one years old - after this point, they start showing greater depreciation. When you intend to market your HDB flat after the MOP, we would recommend buying a leasehold that is brand spanking new and quite new.

Property Investors: Buying Condos for Investment So long as you're not expecting the same ROI as what you'd get a decade or perhaps two before, you are able to still find great purchase properties in Singapore.

The numerous cooling measures have quietened the market substantially, though it is also led to a far more sustainable market with sellers and buyers with ample monetary backing.

With the influx of immigrants, there is also much more potential for development. Currently, you will find 2.16 million immigrants in Singapore out of a total population of about 5.7 million. This amount is set to rise, with the land on track to attain 6.9 million in population by 2030.
Read More: https://www.junipershill.com.sg/