There are certainly many residential properties available in the prime districts of Singapore. However, not many are as exclusive and as irresistible as a 4-bedroom penthouse in Tanglin Residences and a 2-bedroom penthouse in Adam Park Condo. These are exclusive in terms of the gorgeous units and their low selling prices within the vicinity. The title of my article starts with the word 'Irresistible'. So, what are that one factors purchasers need to look for in purchasing properties (in Singapore)? The 4 Ps, I must say. These are the Product; Place (location); Price and Potential of the properties.
So, the two properties I am talking about that are irresistible because of the property itself - good quality product, its location - prime locations, its pricing - selling below bank indicative value, and its potential - good size land area.
Prior to taking the first move to view the units mentioned above, it is imperative for potential buyers to conduct some form of research, such as understanding the different types of residential properties available in Singapore. There are some property types which are not eligible to foreigners.
It is also imperative to ensure the selling price falls within the purchasers' bracket. This also involves the understanding of the payment process and the tax pattern when purchasing private properties in Singapore.
For Singaporeans and Permanent Residents of Singapore, the loan quantum is between 80-90%, whilst, 70% for foreigners. Understanding the basic rule of conveyance process helps, such as, ensuring the option monies are to be held by the solicitors as stakeholders, prior to the legal completion of the transactions.
For the two properties I mentioned above, please visit http://www.weeleng.com
Wee Leng Koh
Cert. In CEHA(Common Examination for Housing Agents)
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