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Wednesday, December 16, 2009

Singapore Real Estate Require A Professional Consultant

By Billy Chen

Every place in Singapore is used to the maximum and when it comes to architecture, Singapore can count on the best designers in the world who come here in order to design unique buildings.Singapore impressive growth has caught the attention of the real investors these last years and more and more people from all over the world have started to buy Singapore properties.

Most people in Singapore speak English, and today he won't be a problem with them, if you are interested in real estate Singapore. Moreover, the crime rate in Singapore is right, since its independence, and there were no terrorist attacks. So Singapore is a great place if you buy a house and you rent here, or if you want to live here.

Your children will definitely residing in Singapore real estate, is surrounded, surrounded by exotic landscape and impressive architecture. Education system in Singapore is well developed and is one of the main reasons that the men's Singapore properties are considered world-class facilities in Singapore.

Singapore properties are a safe investment, given the fact that Singapore, a rich and well-developed countries. He expressed the hope that I have no concerns in relation to the Real Estate Investment Singapore, it would be useful to help you find a competent partner in Singapore. The agent, who is able to work in a sufficient and satisfactory way to do to you a pleasant transaction for the purchase of Singapore properties.

Select an agent from a reputable company, professional associations, by providing a better education for their employees and customers better support. Therefore, I am trained agents can provide high quality support.

In real estate transactions, it is vital to have a reliable agent who has a wide knowledge when it comes to real estate laws and finances. Because selling or buying a Singapore property is a major decision, it is critical to make sure that you have an agent who has the necessary knowledge in order to handle your transaction.

It is a proven fact that an agent can only handle only a certain number of houses and in order to do that he requires some effort and time.Another aspect you should not ignore is to select an agent who has enough time for you.Choose an agent who can offer you his personal attention and quality services.An agent who takes care of too many houses may not recall all the important details or he may not have enough time to foresee and to deal with the potential problems.

Furthermore, an agent who offers cheap services is not necessarily a good agent.Experienced and responsible agents will definitely make a difference when it comes to investing in Singapore properties.What is the point of hiring an agent that charges the cheapest but who can't offer you what you are looking for?An agent who is not well prepared may get you a house at a higher price than it deserved, because he didn't do enough research and he accepted the first offer. - 23210

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Singapore To Prevent Boom Buzz Cycle In Real Estate Market

By Billy Chen

As the local economy works to shrug off the scars of the recent financial meltdown and the H1N1 Influenza, Singapore property market has been the darling of the moment. In the last two years, property transactions are close to its record peak and market analysts have nothing but nice commentary about real estate market in the coming months. But in the middle of all these optimism, Singapore government has raised the alert in November 2009 that it is worried about a repeat of the 1996 boom buzz cycle.

Older Singaporeans would no doubt remember the mid nineties property craze, perhaps more so for people who got burned by it subsequent and sharp retraction. Now more knowledgeable and more alert, government is not about to get caught again in another similar situation.

Aside from the market driven philosophy, the Singapore property sector can be influenced by quite a few legislations, some of them include land supply, credit control and tax policies.Let's try to understand each of them and study the possible implications.

Land Supply Strategy - This has always been use to good effect by the government to contain the over zealousness of super bullish developers.As government releases less land for residential and industrial development, this would slow down the supply for new commercial buildings as well as residential projects, hence reducing the speculative play on new launches.

Credit - More effective control is tightening the money supply. There was a report circulating in the area of real estate that the government is considering a review of the lending guidelines for housing loans. Current law authorizes up to 90 percent of the purchase price to be paid to qualified buyers. It is feared that this amount may, in the 80-percent level or lower level of 75% placed.

Capital Gain Tax - This can be one of the more drastic measures. It was first introduced in mid nineties to curb over speculation but was subsequently abolished. Government may consider enforcing laws to compel buyer who buys properties in this period to hold on for one year before releasing back to the market in order to be exempted from tax. It has been a powerful tool during the mid nineties to counter excessive speculation in Singapore market. If this is to be re-enforced, surely a lot of players would be hit hard.

Property Tax - For example, buyers who do not conform to minimum stay requirement as in the above explanation may have to be subject to a higher tax than the existing 10 percent. Has selective implementation on property tax.For owner-occupiers, they typically pay less than half of this amount.

Two Way Stamp Duty - A two way stamp duty makes buyer and seller pay stamp duty. Currently only buyer needs to pay stamp duty.

The top looks to use some of the possibilities of government can, in order to cool the overheated market. If you are active in real estate speculation, make sure to keep knowing developments. - 23210

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