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Sunday, April 25, 2010
How to buy a private property with a little cash in Singapore?
Property price has rocketed everywhere in Asia. Due to the economic recovery, there are many people jumping into real estate investment which has further increase the prices of property. This article tells interested first-time buyer what there is to know when buying a private property.
There has been a trend for adults of age ranging from 29 to 35 are buying small private properties for investment. The small private property can be anything between 600 square feet to 750 square feet. Some of these apartments are also known as studio apartment. The fact that economy is recovering, many in these age group are mostly single and hope to jump into the band wagon to profit from the property boom that is expected to continue in its inclining trend in Singapore.
The most frequently asked questions by these group of people are -
1. How to buy a condominium with little cash?
2. Can I take a full loan?
3. Can I cover the loan with rental?
Well, the minimum sum of cash that you have to pay is not a small amount. The first payment is known as the booking fee which is 5 to 10% of the agreed amount for the purpose of the property or real estate. For example, if the property that you are buying cost $800,000, the minimum booking fee payable is $40,000. Parties will then entered into an Option to Purchase Position. This option is valid for 3 weeks. It will be exercised when another Sales and Purchases Agreement is entered with the balance down-payment paid to the seller.
There are many property websites that enable interested property buyers to surf and browse. But the comprehensive of all is Property Guru. It comes with listings as well as real estate calculators to check how much you will be paying for your real estate loan.
There has been a trend for adults of age ranging from 29 to 35 are buying small private properties for investment. The small private property can be anything between 600 square feet to 750 square feet. Some of these apartments are also known as studio apartment. The fact that economy is recovering, many in these age group are mostly single and hope to jump into the band wagon to profit from the property boom that is expected to continue in its inclining trend in Singapore.
The most frequently asked questions by these group of people are -
1. How to buy a condominium with little cash?
2. Can I take a full loan?
3. Can I cover the loan with rental?
Well, the minimum sum of cash that you have to pay is not a small amount. The first payment is known as the booking fee which is 5 to 10% of the agreed amount for the purpose of the property or real estate. For example, if the property that you are buying cost $800,000, the minimum booking fee payable is $40,000. Parties will then entered into an Option to Purchase Position. This option is valid for 3 weeks. It will be exercised when another Sales and Purchases Agreement is entered with the balance down-payment paid to the seller.
There are many property websites that enable interested property buyers to surf and browse. But the comprehensive of all is Property Guru. It comes with listings as well as real estate calculators to check how much you will be paying for your real estate loan.
>>Read on for full article
Monday, April 5, 2010
[News] Asian shares advance on US jobs market recovery
By ALEX KENNEDY, Associated Press Writer Alex Kennedy, Associated Press Writer – Mon Apr 5, 4:11 am ET
SINGAPORE – Asian stock markets were mostly higher Monday after an encouraging U.S. jobs report offered the latest sign the global economy is on the mend.
Japan's Nikkei 225 stock average rose 0.5 percent to 11,339.30, Singapore's benchmark index also increased 0.5 percent, Indonesia jumped 1.7 percent and India gained 0.8 percent.
Meanwhile, South Korea's Kospi index added 0.1 percent to 1,724.99 while Thailand dropped 0.4 percent.
On Friday, the U.S. Labor Department said employers added 162,000 jobs in March, the largest job gain in three years. The unemployment rate stayed at 9.7 percent for the third straight month.
"The U.S. recovery is showing new strength," said Yuwa Hedrick-Wong, economic advisor for MasterCard Worldwide in Singapore. "Demand for Asian exports is stabilizing and has recovered from last year's trough. Domestic demand in Asia is also rising steadily."
The Dow Jones industrials rose 0.7 percent to 10,927.07 on Thursday, a new high for the year. Wall Street was closed for Good Friday, as were other major markets around the world.
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