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Stories about sky-high profits are common in the property market — but fewer people talk about losing transactions. The fact is, some people do lose money when selling their homes, or make so little that they'd have been better off tucking the money in their CPF accounts. This week, we reviewed losing transactions of those who bought and sold between...
Everyday, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at the Rest of Central Region (RCR), the sandwiched area of Singapore property. While HDB flats are commonly classified by their individual HDB estates, private properties fall under three regions: According to the Urban Redevelopment Authority (URA), the Rest of Central Region (RCR) refers to areas...
Seller’s Stamp Duty was introduced more than a decade ago in 2010 in a bid to curb speculation and disincentivize house flipping in the real estate market. Since then, sub-sales of condos have been steadily declining, with numbers spiking again in 2021. Looking at the numbers over the last decade (since 2012), the top 3 districts with the most sub-sales...
Walk-up apartments are getting increasingly popular right now, with larger condos being too pricey. It’s usually quite a niche choice, as they are a lot older in age and typically do not come with any facilities, to begin with (yes, no security as well). But this means that monthly maintenance costs are very minimal, and they have the advantage of...